I think pretty much all your points are fair. Can you clarify what you meant regarding ARR from FY19 into FY20?
I’m working from numbers in the release of $23.4m ARR in FY19 and now $27.8m ARR for FY2020 on the current run rate.
Regarding the bonus structure offered to 2 Xinn execs, yes I also noted that. Upon scanning it looks like a bonus structure based on Xinn generating the same/more revenue at a future point as it is now. I think it’s quite smart to incentivise the ‘outgoing’ execs to not drop the baby.
Ann: Acquisition of XINN and successful institutional placement, page-11
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