Ann: EGM Management Presentation, page-141

Hi all, as I said I would, I have contacted NET requesting clarity on the actual number of VSN licence subscriptions sold over time, as well as the retention rate.

Unless I am missing something, this is what really matters. VSN is what underpins the growth story. VSN is the company. VSN, VSN, VSN!

So, I don't want to see revenue figures that include water plant income and JV recycled income. I don't care about glossy presos, and fancy words. I'm not interested in more news about complex JV ownership structures, holding companies and yet more "partnerships". I definitely don't want to hear more vague fluff about yet another "IoT" lab, doing god knows what...

I want the number of licences sold..nothing complicated..and I would like to see that line going up at a steeper, and steeper angle, showing the growth management keeps talking about. That's all I want.


This is the email I sent:

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To whom it may concern,

I am a new investor and I am excited to own a part of this business.

I speak for myself and on behalf of a few Hotcopper.com users, we all own NET shares. We frequently discuss the business.

We would appreciate better clarity on two fronts, focussed exclusively on VSN licence Sales growth and Retention.

Could you please provide on a timeline, to show change over time (either monthly or quarterly):

1. Number of licence subscriptions sold

2. Retention rate % of customers

Should you have any questions, please don't hesitate to contact me.Look forward to your reply.
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That's all.