Heres my concern.....
Revenue was only up 36k on last qtr but number of rented cars up 50%, were other areas down.
They purchased rentoid over 12 months ago yet it is still an idol website demanding an update.
No signs of another P to P category website however i was told they were working on this 12 months ago.
Still 410k cash burn on normal activities this qtr which means revenue needs to more then double to become cash flow neutral that will be a hard ask with only DMC producing revenue growth.
If they dont complete an acq or develop a new P site this qtr we will only see more dilution via CR IMO now.
If i have time i will still continue the DMC listing numbers unless someone wishes to takeover.
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Ann: Appendix 4C - December 2015 Quarterly Report, page-73
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