ICQ 0.00% 53.0¢ icar asia limited

A simple search on Alexa.com has CarMall.com comfortably ahead...

  1. 4,183 Posts.
    lightbulb Created with Sketch. 456
    A simple search on Alexa.com has CarMall.com comfortably ahead of iCars Indonesian website (456 v 989 in Indo).

    With the extremely poor receipts in the last 2 quarterly's (expenses 10 times receipts with more staff being added!!) and the need to acquire more websites to build a better network of websites, they are going to run out of cash pretty quick.

    Think if I had gotten in at the IPO, I would be exiting and coming back at the upcoming cap raising. Took them 5 years in property to get close to cash flow positive, this will take longer!
 
watchlist Created with Sketch. Add ICQ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.