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Q1 2017, this is after the options expire, potentially...

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580 Posts.

17/03/16

17:26

Post #: 17303033
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Originally posted by jasonvip1 ↑

Search Party marketplace is generating monthly revenue, which whilst materially in
line with our expectations is still modest given the focus and early stage of
development of the relaunched business. As at 31 December 2015 Search Party
marketplace had generated approximately $521,000 of Gross Payment Volume
through the platform and $108,000 of Net Marketplace Revenue (i.e. after payments to
recruiters). The purpose of this Offer and related Prospectus Offer is to provide Search
Party with access to capital to accelerate the rollout of the Search Party marketplace.
As outlined below, this will involve significantly increased focus over the next circa
months 12 months and beyond on marketing, product development and sales
initiatives with the aim of achieving significant increases in placement volumes and as
a result revenues, which are expected become material from about Q1 2017.

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Q1 2017, this is after the options expire, potentially worthless. Hope they can get that share price heading north before mid May.

SP1 Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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