Rent.com.au looks to have enormous potentials. They currently have over 50,000 active listings, at $99 a pop per month the current revenue should be at least $5 million. I can't locate anywhere on their presentations how much revenue they are generating. And they were suppose to enter into a formal agreement mid January what happened to that? If this goes through to relisting the risk/reward ratio seems outstanding. Looks like the market hasn't woken up yet. Rent.com.au has all the goods to make it big and are currently already earning revenues. Worth a decent punt at current levels! Assuming the issued capitals stays the same as agreed, at current sp the mc before the proposed cr should be about $12 mil.
SLT Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
