Ann: Quarterly Activities Report, page-43

As I mentioned last Quarter , and in the absence of Management providing these details , you can extrapolate and calculate some rough Customer Numbers and corresponding assumed increased / ( Decreases ) to ARPU by ' Definition '. So doesn't matter what number they DON'T give you , you can still work it out as follows :-

Quarterly Revenue / Average Revenue Per User = Average Customer Number

Therefore:-

1st QTR :- As per the September QTR = $179,746 / $33.40 = 5,382 customers

2nd QTR :- As per the December QTR = $329,943 / $45.11 = 7,314 customers

Therefore :-

3rd QTR :- Merchant Sales up 18% to $389,333 / x ( ARPU ) = Customers = 8,228 ( ie previous Qtr of 7,314 x's 12.5% )

Therefore ARPU by definition must be only$47.32 per Customer or only 4.89% increase on previous December Quarter.

Interesting as well that Last Quarter Cash Receipts were up 54% as per the below December Quarter highlight

● Cash receipts from customers increased by 54% to $236,166 for the quarter.

However in the March Quarter they were only up 25% to $294,000 as per the Cash Flow appendix 4C

So both growth in ARPU falling short of generally accepted expectations as well as Customer Growth being well down on that experienced previously between the September and December Quarters is probably NOT going to play out as a positive for Investors tomorrow.