Ann: Investor Update, page-7

Saw Todd present today at Proactive Investors & had a chat with him afterwards. A couple of points:

1. I hadn't realised that the projected $20M is contracted revenue, so there is upside to that
2. The Casino settlement solution is a potential big money spinner - currently single currency conversion devices sell for 6 figures a piece and the Stargroup solution does multiple currencies simultaneously. The market is for hundreds if not thousands of these units for casinos globally, plus there is ongoing service/support revenue
3. The bitcoin commission is expected to be a minimum of 4% of transaction value, the bitcoin exchange gets 1% so Stargroup gets 3% (its not like banking a cheque btw which I previously thought, Stargroup essentially becomes a broker between the customers and the bitcoin exchange)

Todd is starting to promote the message that Stargroup is more than just an ATM deployer - that it is a tech company - which I thin is needed to excite the market & stimulate that re-rate we are looking for, but in any case, I am happy to be patient with this, it just needs time.

Cheers, Sharks