Ann: Response to ASX Query, page-61

@Awoonga

I'm sorry but some of your posts really scare me.

You've no conception of what the published numbers actually mean. Nor do several other people who keep liking your similar posts.

Your trying to spread the average out over 3 months or longer when the data's already known (for the past 2 months) making it look far more achievable than is actually the case.

The company says the QAU for the 3 months to May is 9.115 M now multiply that by the past average rate of revenue per activation of 0.02348 that works out at revenue of just A$2.1398M for the current quarter.

Your $3M figure (and I'm hoping your talking A$ not U$) is a near 50% increase on that number & would have to be achieved in just 31 days !!!

Just to spell that out in simple numbers for you. Even if you go by the most optimistic past average revenue per user number, your going to need a QAU of just over 12M by 30th June to achieve it. That's an increase of nearly 3M or 33% in just 30 days, yet the best increase the company has achieved to date is just 1.8M over a 46 day interval.

If you use the lower revenue figure then to reach your A$3M number your QAU number has to be close to 13M ie an increase of close to 4M in those same 30 days.

I'm sorry, but there is nothing out there in the public domain in any of the countries our product is being used in that says either of those scenarios is remotely possible. Nothing's gone viral so how on earth can the QAU number have grown by that much ? (especially when we know so much of it comes from Brazil & there we've only approved 3 of the 10 bits of content that were meant to happen this quarter).

I honestly hope the cash-flow breakeven goal is real to, but I've never thought for a minute that virtually any of it was occurring this quarter. That's why I've been asking them (& you should be as well) to publish there internal projections for the Sept, Dec & Mar quarters, so we can see how close to target they really are as time goes by.

I was hoping that in the last 4 weeks we'd have seen some ground work announcements showing where the growth is going to come from in the Sept quarter, because that's where I was/am expecting to see a step-change in revenue towards that goal, with the momentum then continuing strongly into the Dec quarter. So I'm already starting to fret at how delayed things look yet again.

Seriously if you want to chat please feel free to email me, but please try & stay away from posting predictions that ignore what's already reality, it helps no-one.

LOTM