Ann: Investor Presentation, page-10

Hi Guys

Carn't see a requirement for aditional funding for working capital based on the current numbers reported:-

Cash Balance 2.5 mln

Projected 30% revenue increase for the December Quarter. Just one quarter increase, it's not 30% forever.

That makes December revenue 427k min, will call it 500k for easy maths

Current Bal + Rev 500k = 3.0 mln

Quarterly spend - minus 1.25 mln

December Q Bal 1.75 mln

December balance easily enough to get through to the March 18 quarter. Only 1.25 million required. Balance 500k

Now add in all the new merchants fully online for the new year and the revenue has to increase 100% plus for the March quarter or 1 million. Balance 1.5 mln

If it was only another 30 % increase forever, that would only equate to an extra 128k revenue received for the whole March quarter for 6 huge companies for a total of 555k

Cheers
Tradealot