I'm good with this. Over $1/2 million worth of shares traded...

I'm good with this.
Over $1/2 million worth of shares traded today, maximum was some 20% up on the listing price and the minimum was 5% down, closed even at 20 cents.
I'd call that reasonable considering the market is still some 10% off its recent highs and pretty jittery about a Greece default and an Australian recession.
The presentation is good and the figures are consistent. I think we will see some changing of positions in the top 10 real estate web sites shortly and IMO among others, it will be Domain losing market share and Rent.com.au gaining some. I have spoken to several Agents and they have indicated that are considering dropping Domain because of insufficient results from their listings. This subscription cost could easily find its way across to Rent.
It should be noted that the company has got this far on only about 6 staff. Imagine what they can start to achieve now that this is more than doubling!

I'm happy to hold and see how this all pans out. It's either following the same road as Seek.com and Carsales.com did, or MySpace.

Time will tell.

Regards Madoff