Ann: Appendix 4C - quarterly, page-307

Aforementioned, I like the business. I think it can and will succeed. That however doesn't go hand in hand with me buying the stock as I'm not sold on the valuation yet. Please note I had a 'sell' sentiment and this is now 'hold' after the recent fall.

Simply put, all I've tried to explain here that it's not as simple as '40% cost savings, everyone will use this'. Also I've tried to point out that some statements from management don't add up. I'm sure you probably agree that even on double the current growth rate they aren't going to meet M1 by the end of 2017. I just don't like it when a management team says things like that but don't back it up, neither does the market clearly.

Honestly Vanzant I wish you and all holders the best with your investment here. I hope that one day in future I'm happy to take a position also.