Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-6

Agreed. A few thoughts…

Since this is SAAS service business(Monthly billing), does the 400k AAR price increase translate to an ongoing 400k per quarter increase? This makes sense considering customer price increases are based on monthly billing. If this is the case this is a fantastic result(An extra 1.6 AAR annualised)

I have also been thinking a margin loan to bridge the gap to cash flow positive makes sense for all involved. It would be crazy to dilute considering market cap..

Clearly Rob has been heavily focused in building out partnerships similar to Cintra. A number of Tier 1 partners are clearly in final stages of negotiation. The UK’s largest consulting firm for example.

The drop in new customer acquisition AAR is a little disappointing, although as stated by Matt their marketing/pipeline has been restructured to target mid tier enterprise and this takes time.

Clearly a much more targeted goal of signing new partners is coming to fruition as stated in Matt’s letter to shareholders…

Thoughts / feedback please !!!