Ann: Appendix 4C - quarterly, page-10

Guys,
I did a quick calc on cash breakeven point.
Revenue of $0.295m with approx 480,000 transactions = $0.615 per transaction.
so over 2,400 transaction per quarter will give us cash breakeven on the basis that we spend $1.5m per quarter.
Looks like we are adding approx 280,000 transactions per quarter so conservatively projecting out liner fashion we are 7 quarters away from cash break even point. Another 1.5 yrs away...

Please share your thoughts on this. thanks.