Ann: Market Update, page-66

The ceiling is pretty high if you apply multiples to a slice of the markets.

Subscriptions markets in terms of $AU;
https://hotcopper.com.au/threads/ann-placement-and-investor-presentation.5964050/

Practical
$16,962,950 to $33,925,900

Addressable
$101,777,700

Total
$264,622,020

I am surprised by the expectations of the market, it's like they expected 20k subscriptions on launch, I think they'll get there just not going to happen straight away. The looming raise has been timed pretty badly though, I was hoping for something decent to excite the market prior and get the share price to a more respectable level.