Ann: Capital Raising , page-3

Lots of good news here Coco... The $5.5m injection ($4.6m after retiring debt) provides a lot of security moving forward.

Based on last quarters loss of $700k we're alive for at least 18months.

But as we and other holders know, that $700k loss doesn't include the impact of the AAPT deal ($250k per quarter) or any subscriber growth (subscriber growth in june and presumably july and august too). The retirement of debt will also reduce $30k-$40k of interest payments per quarter.

And the $700k loss includes little contribution from the EST launched later in the quarter that is booming!

A capital raising is never a 'good' thing... But in this instance it provides a lot of certainty and positives moving forward.

Marketing = subscriber growth
Content = subscriber growth

Subscriber growth = revenue growth

Revenue growth = cashflow breakeven

Cashflow breakeven = $$$$$$$$$