From the latest SEC filing:
“In February of 2007, the Company acquired the assets of RentalHouses.com, for approximately $9,000 in cash. The Company has not yet completed its purchase price allocation and in the interim has classified the intangible assets to goodwill.”
I am not a finance guy, but I am guessing $9k really means $9M. Perhaps building up a user base by giving away unlimited plans for $299 paid off well for the owners of RentalHouses.
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4 users responded in this post
Dave,
I’m confused….Who aquired who?
This is actually old news, but the number was finally release when PRM bought RentalHouses.
They way overpaid! Maybe thats why Gallo is gone?
Well, it sounds like a good deal, but they had to pick it up and move it by themselves.
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