UPDATES to my January and April posts.
Despite offering FREE uploads to agents, Openn has shrunk from 369 active listings in Australia to just 308 in total in all of Australia. (and zero in New Zealand).
RichterSkale scoffed at me on the 16th April for suggesting the property boom was over- well the chickens are certainly coming home to roost now.
OPN will now be getting virtually zero cashflow. With a quarterly cash burn between $1.5 and 2 million and just $4.66 m in March a capital raising is imminent, if they have any hope of buying time to succeed in the US and Canada.
The business model is clearly a failure in Australia, and the sagging property market will kill it stone dead soon. Will the model work in the US??
UPDATES to my January and April posts.Despite offering FREE...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add OPN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.775M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| OPN (ASX) Chart |
Day chart unavailable