Ann: FY22 Q3 Quarterly Activities Report and Appendix 4C, page-277

Eloi - the only similarity between Livetiles and Amazon is that both share prices have gone down at some point in their life-cycle.

Amazon revenue grew from $610mn in 1998 to 3.93bn in 2002. Whilst the share price dropped from $113 to $6, revenue grew more than 1.9x ($1.64bn to $3.12bn). Bezos has proven to be one of the best entrepreneurs in history.

Livetiles is not experiencing any remotely similar growth during share price decline and I don’t envisage Karl to be on a similar level to Jeff.