ICQ is not expected to make a profit for a few years as it is in the "grab the internet real estate phase" CRZ were in a similar stage in its startup. CRZ also know how to monetise and when to start the monetisation phase. My guess is they want to get going and it is no use driving that stage when they only own 22.9% of company. ICQ founders have done a great job positioning ICQ as the clear leader in asia for car listings. CRZ know exactly how to monetise this from here. Internet start ups like Seek , Real estate.com and carsales spent up to three years loss leading to build their footprint as the place to go for jobs,cars and real estate listings....then they switch off the marketing and turn on the listing fees and advertising and bang goes the cash wheel.
ICQ and IPP are exactly like the above mentioned but in Asia and on the cusp on the cash wheel spinning
CRZ Price at posting:
$10.59 Sentiment: Hold Disclosure: Held