News: DW8 Dw8 Ltd - Q2 Operating Revenue Grew 78% On Prior Quarter Q1 Fy2022, page-22

Very happy. He clearly explained what is going on with onboarding the larger suppliers. It is a big task for them to switch suppliers, some have existing contracts that need to expire, some don't want word getting out prior to them switching, they don't want their staff to know until it's finalized etc. They will be onboarded by Q4 & DT mentioned that some are that large they will require announcements.

Also explained that subscription revenue will be low initially until the buyers/sellers get used to using the platform. Don't expect multi million dollar revenues initially & they will look at advertising/data revenue later on as the focus now is on growing GMV.

Mike Abbott also mentioned that the Provi/SevenFifty merger is validation of what we are doing & DT mentioned our platform is more advanced. DW8 looked to licence the SevenFifty platform early on in the business but it lacked a lot of features such as payments & marketplace etc.

Mike mentioned that their ability to fulfil orders in a timely manner led them to DW8. Some of the Kaddy suppliers were affected by Covid during the quarter & numerous sku's were missing. This reflects their slow 13% QOQ GMV growth although orders were up 31% QOQ. Heaps of small orders from smaller suppliers as larger suppliers supply chains disrupted by covid.

He also addressed the low SP & mentioned he was surprised at lacklustre SP after delivering excellent Q2 results with all metrics up steeply. He also explained that investors should be looking at growth metrics & not PMOC. If you want to look at PMOC you should invest elsewhere in single digit growth shares. He expects DW8 shareholder returns to be in multiples in future. PMOC was also explained as per investor presentation.