The prospectus shows ¬$3m at bank 30 June, and KMP took shares in lieu of fees. I presume that the Desktop milestone payment hurdle would have been achieved, but with 30% market share (in AU) they should have also achieved adequate scale to make this cash flow positive (or near enough).
I'd also hope that over the months they were waiting to be reinstated to the ASX that they were working towards extracting synergies from the combined entities.
With REIWA as a major shareholder and highly influential to Agency Principal's I'd expect them to quickly increase their dominance in WA.
With 90% margins they just need step on the revenue pedal or take out the remaining CRM's in AU, NZ & UK (hopefully with equity).
PTG Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
