So did some quick maths, I didnt realise but their ARPU of $4.50 is before origin which is expected to ADD $7.5 on average. $12 ARPU already is fantastic.
If you assume you need about $3m revenue to be cashflow positive (but still not profitable) thats 21,000 users - this is without adding more to increase ARPU. 21,000 is a long way away from 3500, but its a much more realistic number.
Ann: Fully Underwritten Rights Issue To Accelerate RentPay, page-7
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