the digital surgeon, page-6

3500,

Yes, you were completely wrong, there was never any mention of 120M partly paid shares, anywhere - apology accepted on behalf of everyone - next time do some research before posting baseless crap, please, to avoid yourself further embarrassment.

Onto the rest of your post:

THIS ABQ never hit the wall.

The old ABQ hit the wall and nothing remains of it - no Directors, employees, etc - it was a completely different company - they were selling bloody ice cream (Baskin Robbins).

The share consolidation meant that all of the existing shares at the time were consolidated into pretty much nothing (from 211M shares into 14M shares).

New Directors and management came in, new shares were issued and a new company was born - best way to look at it is a shell company or a new company having an IPO as that's what it is.

20% of the shares and 30% of the options were issued to/held by the Directors and I'm pretty sure (my guess only) that the remainder of the capital was issued to clients of Aura Capital which is one of our Director's companies. So Directors and friends/associates own most of the company hence why there isn't much on offer for sale and why the share price has to rise 50% when investors want to get in and get a slice of the pie.

Also, all of the options are unlisted and untradeable. You also forgot to mention that once exercised they will bring in $600k to the company - you can't provide a fully-diluted market cap without taking into account the incoming cash?

In relation to Check-In:

Agency model (used by Check-In) means that the agent is just the middleman and gets a set percentage of the value of the booking that the hotel puts up on its site. This model also gives the customers the option to pay at checkout.
The merchant model (used by Wotif and the old Check-In) means that the merchant gets a block of rooms from the hotel at a certain price and then the merchant marks up that price and sells it to its customers. Customers pay upfront and directly to the merchant, who then pays the hotel after taking out their commission/mark up.

Customers prefer to have the option of paying at checkout and they also prefer to pay less for their booking, which they will do if they book through Check-In compared to Wotif. Check-In has the same prices (to the customer) without any fees for credit cards, etc. that Wotif has. If managed properly then this model is a clear winner and should take away business from the billion dollar Wotif. Same room, cheaper price - I know where I'll be doing my next hotel booking!

It was already announced a couple of weeks that the Check-In website is generating significant traffic and reporting a growing number of bookings and revenue. The quarterly will be out in a few weeks which will give us some idea of the revenue and profits that this acquisition is likely to have for ABQ going forward. This will be the first quarter that the business has been operating since the acquisition and going forward, each quarter's income/profits should increase as the management creates/expands their relationships with the hotels.

ABQ has made a gem of an acquisition, dirt cheap from a distressed sale, and is looking to make further acquisitions and further increase shareholder value. Not bad from a new management/company that has only been operating properly for about 6 months.

On a different note, I noticed that someone is thumbing-down my posts which could only mean that someone didn't get enough shares and is trying to keep it quiet and get some more or someone hasn't got any and wants to get some as cheaply as possible - I think there might be a scramble to get in on Monday.

The re-rate has begun as the market wakes up to the potential.