Actually, there was value in the acquisitions, particularly JXT which already had relationships with Adecco and Kelly recruitment. Under Applyflow, they renewed those contracts and are looking at increasing the scope of service with the new product they are building out (Applyflow platform).
Also, it's $15,000 per month to Career One, not $150,000. Why would they not capitalise on Career One's huge database to leverage their position for a modest fee in the grand scheme of things?
It's important to tell the truth and try and remove obvious personal grudges and emotion from investing because a lot of people use Hotcopper as a starting point for their potential investment research. This can mislead when quoting incorrect information.
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