A couple of other thoughts;
I know we are mostly resigned to a CR in the future, I'm not 100% convinced it will be required. I know Baders comments seemed to be preparing the market for it, but just looking at the numbers again there is room to avoid a CR. This quarter improved EBITDA by $227k, prior quarter was $305k improvement. If we improve further anything like these results, and we are confident coming out of the quiet Q2 to the busy Q3, we could see a EBITDA loss of only 200-300k, out of cash balance $1.37M, so still over a M at the end of the Q.
Second random thought. With Q3 being the busy time for renters searching for and finding houses, Q3 and 4 will really be the prime time to implement the tenancy products outlined on slide 11 of the CEOs preso at AGM. Creating rev from tenants not just when they are finding accom, but also once its been found. And from an ever growing customer base (and I love that you can see the renter resumes increasing each day on the website. Solid numbers!).
Cheers
RNT Price at posting:
6.8¢ Sentiment: Hold Disclosure: Held
(20min delay)
