Thinknig back from memory to your numbers I agreed with them at...

Thinknig back from memory to your numbers I agreed with them at the time but lot of variables in there such as has Irridium upped service charges? Has the disocuntng of stock sales impacted margins short term? Maybe COGS has risen a little and been hard to pass on? They are short term impacts as the end game is grow subscription revenue in the end. I don't think anyone was really factoring in expansion costs but this is value add spending as more this entty grows the more value we are building and soon enough it can expand more in Europe and Asia and self fund while still paying profits out. I am keen to see this broken up a little such as operating profit be shown and expansion as a seperate line item so we can better understand and appreciate the entity, and the broader market too. I am otherwise just focussed on the qtr on qtr AUSNZ growth though for now as this is a good gauge of how the progress is going.

My feelings are we will see some large quarters and good newsflow in the next 4-5 months which may give us a chance to get north of 50c and bring these options in to play which I wouldnt mind as the working capital may go towards an Asian launch of Zoleo for example.