The SP being 30c was euphoria, and a fair few less shares on issue. Not representative of anything. If I were to put a value on rnt right now it would be ~25m, which isnt what some would like but its unprofitable and risky in a macro environment where people are being cautious its a hard sell. If they show 10k users by end of year, then we are talking some big value increases.
That sale by Bevan of MP1 is very interesting, its a significant number of shares, he is now <5% which is pretty important too. Superloop has been doing a lot of share buybacks lately, but he is less involved now.
His new venture is Soda, which isnt listed, so its hard to really see what his plans are.
Ann: Fully Underwritten Rights Issue To Accelerate RentPay, page-16
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