Recently the managing director purchased 40,000,000 shares on market. The company has two platforms, LiveOffer Rental and LiveOffer Auction. Both of these platforms are currently being trialed here in Australia by numerous real estate agencies, as well as, currently in advanced discussions with the largest trial participant, Real Estate Dynamics regarding commercialisation.
Furthermore, today marked a significant day for the company, having signed a Heads of Agreement (HOA) with Pipeline Marketing Management LLC in Dubai (trading as pipeline). Pipeline has been appoint as its exclusive agent for a period of two years to license and market the LiveOffer platform in the GCC – Dubai and surrounding countries (GCC Licence).
All revenue will be shared between Property Connect and Pipeline. (Refer to market announcement 12/6/18)
In addition to the now revenue generating partnership, and the advanced discussions here in Australia, more discussions are ongoing for strategic partnerships for the LiveOffer platform in all Singapore, Hong Kong and Malaysia.
Some other relevant factors;
- No debt
- Light cash business model and expense operations
- ~$1m cash at bank
- Darren Patterson, CEO, co-founder of BrickX, quality connections.
- John Munden appointed as sales leader, former global sales leader for Apple.
- Directors hold a large interest in the company.
