Ann: Appendix 4C and Quarterly Update, page-4

Interestingone... worth watching.

"The founders are still involved in the business, and didn't use theIPO to sell any of their shares"

The shares are in escrow (~190 million). ~162m to be released at the end ofFY2020 and ~28m to be released at the end of FY2021.

"It spends in excess of $40mpa on Sales/Marketing and R&D"

95% of that is staff wages. Unfortunately, all staff wages areclassified either as for Sales/Marketing team or Research/Development team orAdministrative. We'd need a split between what wages are required tomaintain "current" revenue versus S/M & R/D wages purelypaid for "future" revenue (ie. staff wages that aren't adding to thetop line). Obviously, the higher the split towards future revenue, the better.The bottom line net loss isn't a concern.