Hard to know from a dot point on a slide. I would be interested in hearing from anyone who went to the AGM. How much of those $180,000 in development costs for the new website occurred this quarter.
By my calcs earnings for quarter:
5.25m - 0.934m = 4.316m
Cash on hand 4.5m
Earnings (before capex) = 4.5m-4.316m + x in development costs
= $184,000 + ?
Hard to know how fast 1800 Reverse will go down.
Current cash after (3rd of Nov) on the house sale is about 7.2m. Market cap is 9.8m. So it seems for 2.6m you get the online contacts business and 1800 Rev. Hopefully the 1800 business will throw off more than 2.6m in cash over the next 3 or 4 years. How fast will 1800 Rev earnings decline.........
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Hard to know from a dot point on a slide. I would be interested...
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