AGM, page-59

Hey folks

Been busy since the AGM so haven't been able to type up my notes about the day.
I'll try to avoid what others have already said

-  Richard, Brandon, Sonia and Andy were extremely gracious with their time spending around 1.5 hours post AGM speaking to share holders.  I know you guys read this so thank you!

-  The execs did indicate they read Hotcopper regularly.  Richard addressed oggde and Scrooge's down ramp posts

-  Brandon was very impressive for a 23 year old.  He certainly has a vision and a plan for the company

-  Andy took on board my feedback about communication of the deferred revenue and will over communicate next time

-  Confirmed that the "dreaded" deferred revenue will have minimal costs associated to deliver

-  US inherently understands the need for video, and hence take up has been stronger than Aust.  Expectation is revenues will overtake Australia in the near future and they've created production / editing team over there to handle expected volume of videos

-  Main focus is on US.  UK will potter along but not main priority

-  Expectation that the growth in number of subscribers they will be able to onboard each week will significantly ramp up over the next 5-6 months

-  Business model will concentrate on specific targeted defined verticals, similar to the Intermedia Group

-  Richard mentioned Shopify's US$10B market cap at 200K users @ ARPU of $1K.  We have 4.9K users at ARPU of $7.5K.  Connect the dots with my previous statement

-  NASDAQ listing will be fait accompli once we grow in the US

-  Richard is being "mentored" by a US billionaire tech entrepreneur who thinks this is one of the best business models amongst all tech companies as we own the content

-  Very excited about the Tipsly acquisition and consequence for Pillar 3

-  Business model has numerous avenues to monetise content (obvious and non-obvious)

-  If someone were to make a takeover attempt, the key group of shareholders wouldn't consider anything less than $15

-  Lastly, I can confirm @chakay is DEFINITELY NOT Sonia

There's a heap of other things that I've already forgotten