Ann: Appendix 4C - quarterly, page-276

Perfectly summed up. A lot of non-holders are claiming C1 to be a finite resource which is somewhat inaccurate. If C1 continues to grow for many quarters (Look at MLM landscape - Companies have been running for many years and even decades) then this further de-risks EM1 as it gives a longer runway of VERY strong revenue and net cash flow to re-deploy into:
1. R&D and CX experience
2. Other revenue streams

If C1 revenue falls off a cliff after next quarter then so be it but the company will still have a huge net cash position and existing revenue streams... So far the indication from the CEO is that next quarter is strong up to $20M in revenue for the year... and no stopping.

MTN Arena has proven to work so they can scale within MTN now and/or other MNO's and then leverage off this.
Revenue base at $1.2M and will continue to grow.

I am betting that news flow will be positive, clarification statements made, and the SP to seriously appreciate.

My risk for this sort of investment is very high but I am having a punt on some big agreements to come in that will be very quickly material and revenue producing in nature.