Ann: Business Update - PGASS Workshop, page-91

Trumpy, I missed the comment about 100k subscribers - I thought the expectation is that the number will be much higher. However, if so and the contribution from advertising etc is low, then I agree the net sub figure will be higher. If numbers scale quickly - say 125k, 250k, 450k for the first 3 months with some contribution from advertising sales - on expected outgoings of about $970k then the figure will be closer to $1. If scale is slower - say 100k, 150k, 200k and no advertising - then net sub will be closer to $2.25. etc etc.

What we should focus on is that we will become cashflow positive soon (which is unusual for a startup in the tech space), income is anticipated to scale quickly, and we have another very prospective contract awaiting launch. There is a solid pipeline of opportunities (outside Nigeria ) working up as well.

The fine details that we can use to forecast will come in time.

Scorp.