I'd be shocked if it went as low as 10 or 12c. That's another...

I'd be shocked if it went as low as 10 or 12c. That's another 35-45% drop from these levels. Support should come in before that. In fact I expect it to bounce today from previous trading patterns.

They have doubled their sales teams - now 4 in Australia and 8 in Malaysia and coming off a low base due to the change in their business model I don't envisage it being difficult from them to double their cash receipts this year. I might be wrong but 2.5m for 2019 shouldn't be hard to double with expanded resources and exposure. We will see in the next 4C if we're on track. The fact the 13 new partners are mostly contributing from Q1 FY20 and with more expected, we should see around 33% growth in ARR partners QoQ.

I can also see a slight impact potentially in mindset in Malaysia due to the virus outbreak which may encourage people to do more courses online in the immediate future.