Ann: Appendix 4C - quarterly, page-73

I advise all holders to go back and read pages 7-8 of the fosters report.  The numbers from the quarterly don't add up just yet.  Many of these existing clients stated in the fosters reports must have been on free trials.  Fosters already believed we had 80 paying clients when the report was released.  Key points below from fosters report.

"We consider this pricing to be attractive for corporates particularly when you consider the average turnover for an Australian corporate is ~10% p.a. Therefore for a company with 5,000 employees it could be expected that ~500 new hires would be required annually. Costs per hire range from $5,000 - $15,000 implying a total cost of ~$5m p.a. for a large corporate vs. $60,000 for REFFIND Employ or $240,000 for the full REFFIND suite (Employ, Engage, Embrace and Educate).

What we are particularly impressed about is that RFN has been able to secure many tier 1 clients (e.g. Coles, Coca-Cola, AMP, Fuji Xerox, Lion Nathan, Pac Brands, Qantas, Suncorp, Downer and McGrath Real Estate) in such a short period of time since commercialisation. The current number of paying clients totals 80, in addition to a pipeline of +200 leads within Australia. New clients are being secured at a rate of ~15/month (and growing)."

Projected revenues again provided by Fosters report below which is based off 250 paying clients.  Lets not forget on the 12/10 we acquired wooboard which had 46 Active clients whom I will assume will uptake the embrace product.  Also since the fosters report we had some very large clients added as per the announcement on 14/10.




Like I advised previously I was very underwhelmed with the lack of info from the quarterly.



https://s3-ap-southeast-2.amazonaws.com/files.reffind.com/2015/09/RFN-Research-Report.pdf