Ann: Annual Report to shareholders and Preliminary Final Report, page-7

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hummerh40

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31/08/17

13:08

Post #: 26896287
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Originally posted by dinyang ↑

@Eyeman - appreciate the comments however it would be unrealistic to expect a business in it's early stages not to spend more than revenue / run at a loss. There is 3.1cents on offer today, take your money and run if you're that concerned.

Overall I believe the numbers make sense

50% increase in rev with a large amount of this derived from the last 6 months which means if we continue with the same our FY18 rev will be min 1.2m without any expansion at all - my guess is we will be pushing 1.5m this year - this could be a lot more depending the traction earned from Mobilise and RACV venture

we are debt free - at this stage of business it's a good thing and I don't believe we are restraining our opportunities by not incurring any debt

the CEO is taking home 200k which is a small portion of the 1.8m expense - would love to see Chris add to his small portion of shares (even I'm well over his current ownership) - they have also hired some serious talent in their ranks - if you want good people to jump ship you have to pay for it

32% reduction in operating expenses - I like this a lot !

lastly the old caravan is chugging away lol makes me laugh but hey if we aren't touching it and getting a return then clearly shows it has some merits - even if it's minimal

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I completely agree with your comment about CN. He has hardly any skin in the game! How is that supposed to instill confidence in holders

CL8 Price at posting: 3.1¢ Sentiment: Hold Disclosure: Held
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