Good to see they are making progress, but I was recently living in the UK for 2 years and have never heard of this site.
Still a good signing, but of course they are not going to announce this to the market, they were making negligible income from the bigger players on their books and Preloved is selling ads at 3 quid, 15% of that is not a lot and definitely not material. Likely to announce a bunch of the important ones as progress is made.
Adslot is a volume business, until it reaches significant volume in both publishers, advertisers and inventory, I can' see significant revenue being earnt, although it's coming off a low base.
I get the sense that whoever is parked in the buy orders at .045 is not a genuine buyer and is supporting the price...
Watching with interest.
WFM Price at posting:
4.7¢ Sentiment: Hold Disclosure: Not Held
