$1.4 million in staff costs last quarter (that’s $5.6m annually). Even if you said the average salary was $120k, that’s nearly 50 people. What on earth do all those people do? Shouldn’t most of the staff salaries be performance based like the rest of the real estate industry? Add to that $850k in advertising last quarter ($3.4 million a year) then they have about 6 months left before they are going to need to raise money.
CEO has gone, but what about everyone else? Seems to me the board and a lot of others should have gone also
RNT Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
