Ann: Carpet Court Successful Rollout & Lending Agreement, page-65

And yet the announcement clearly states:

"The amount of revenue to be generated by the Company under this Agreement is unable to be determined at this stage as revenue generated will depend on several factors, including the number of members that apply for and qualify for a working capital facility."

If Spenda somehow managed to achieve 100% uptake, i.e. every single store both applied for and qualified for a facility, and then this was fully utilised, that's when they earn up to $30,000 per store per annum. Thus far they have been quite poor at forecasting demand for their products - hark back to the customers knocking down the door, we need a debt Red Sea, we'll aim to draw $20M of the DW by June 2023, and so on.