Ann: China Product and Sales Update, page-15

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Hdab

6 Posts.

22/01/18

08:18

Post #: 30454642
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Originally posted by knwee2 ↑

Hi All,

I have re-read my own post and the announcement - noticed that the announcement wasn't clear enough about the additional 150 corporate client from China Telecom.

However, the first 168 corporate clients signed up in October/November plus the 65 corporate clients signed up in December added up to 233. If include the potential 150 corporate clients from China Telecom (as per announcement) - then total clients is 383 as per the announcement.

My understanding is that the initial 168 clients were really real clients signed up for 24 - 36 months. However they were given with free trial months (possible 3 months). That's the reason why the actual income is accrual from January 2018 (my understanding from all announcements). Hopefully we will see a better than $6k per quarter sales result. Initial 12000 licences @ AUD 4 (assume an average of V100 paying at discounted rate Y2000/m = AUD$400/m). = $48k @ 3 months = $146k

According to Weibo (something similar to Twitter/Facebook), noticed that it was maintained by marketer (similar to company page in Facebook run by marketing team outsourced in Australia - i got friends involve in this kind of businesses in Melbourne/Adelaide).

From the Weibo posts, it seems like most of the sales was done through a particular branch in Wuxi (the first branch to trial). Recently the top sales team manager run a seminar/discussion group with other sales managers from other branches in Wuxi to share the success story. In this case, if all branches in Wuxi fire up the speed in selling - the number will easily triple or quadruple in couple months. It seems they have the intention to roll the service to the whole province (we call State in Australia) - then the whole China.

Anyway, we are still awaiting US partnership announcement. As long as Netlnkz US division can sign up a wellknown corporation/government agency, it will definitely becomes a new bullet to fire up the sales in China.

Fingercross there is more announcements to come.

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Wow your English has improved?

Impressive, after a botched announcement, the company needs Knwea to fully explain the numbers from China.

Knwea helpful if you can answer why only a small amount of QMAC funding was posted in the 4C and no mention of it in response to the ASX 4C query or why the company needed to raise $1.25m from professional and sophisticated investors after announcing US$8.5m QMAC funding.

Next announcement will be the 4C.

NET Price at posting: 3.0¢ Sentiment: Sell Disclosure: Held
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