Ann: Annual Report to Shareholders-STL.AX, page-2

Fairly lengthy read and lots of content to digest. I will probably have to re-read it a few times to let it all sink in. A couple of things stand out though:

1. The number of resignations (happens when companies restructure or change certain aspects, but it's not really apparent until you see them all listed in order in an annual report).....not suggesting anything bad...just an observation.

2. The impressive growth numbers
209% improvement in operations,
653% improvement in revenue,
733% increase in atms,
1409% increase in revenue from sales of atms, atm parts and software....

3. Casino/gaming factor that NEO The Company will further benefit from the product development and growth within the casino gaming related products such as cash redemption terminals and gaming table automatic settlement products for the Australian market off the back of the NeoICP developments in Macau and other Asian casino gaming markets which were successfully rolled out by NeoICP in the 2016 financial year.

As I said...interesting, but very detailed report. Oxxa I am interested in your comments since you have an accounting background.

Final comment, can someone give me an indication how many staff are employed please and also if we contract for atm installation etc?

Incidentally I just read RFL investor presentation from August and it is evident to see that smaller financial companies do a lot of hard work. Not cross promoting and I don't hold RFL, but I do like to keep up with sector competitors or possible competitors.