RNT 0.00% 2.0¢ rent.com.au limited

Ann: Fully Underwritten Capital Raising-RNT.AX, page-25

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  1. 13,783 Posts.
    The issue will raise $5,456,491 (before costs)which will allow the Company to commence the offline phase of its national branding campaign.

    Key Highlights:
     Demand for sub‐underwriting allocation was heavily oversubscribed
     Funds to be used primarily on commencing offline marketing activities

    The issue will raise $5,456,491 with
     Total of $8.5 million cash (after costs) in BANK following completion of the issue !!

    So RNT shows ;

    1) They still have 3M left in the Bank..so its Cash Burn rate is Not as Dire as you Fear .

    2) They may use the Extra Cash to help Accelerate an already Successful Advertising /Client sales program . .by "Scaling it UP" .. on overdrive.

    The Extra Sales Focus .. should lead to an Exponential Expansion in Paying Users and Services Sold .
    Ide expect there will be More news and Presentations to Come ..pre CR close date .
 
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