Buying RMA Global Ltd (ASX:RMY)

I bought RMA Global Ltd (ASX:RMY) recently. The company owns ratemyagent.com.au and is backed by David Williams who has been successful with Polynovo Limited (ASX:PNV) and Medical Developments International Limited (ASX:MVP). He has been buying stock on market recently as was the case with PNV and MVP in the past. A capital raising is likely in the near-term and losses will widen as the company invests in overseas expansion, so given the risk profile I have taken a 2% position to start with. Much depends on success in the US.

Comments