If you zoom in on the slide that breaks down the paid vs unpaid subscribers there is a semi-hidden note that says the graphic is for illustrative purposes only. I would suggest being very careful when reading any releases these guys put out that isn't in a default reporting form.
I will agree with your optimism to an extent. I do think the company is undervalued given its current wi-fi business.
Ann: Company Update Presentation, page-7
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