Soberman - can you share the questions that you asked? Keen to...

Soberman - can you share the questions that you asked? Keen to understand.

The presentation was a fairly good stocktake of where we are at.

When they were talking about CARR and the slide which outlined the 3 examples - am I interpreting it right that PWC allocates CARR on a straight-line basis (i.e. allocated equally over the contract period), but the actuality is that most contracts are heavily back-ended?

If that is right, then this sounds pretty great. I'm thinking of it in these terms....

- If the business can quickly move to be somewhere near cash neutral (.... in a phase where most contracts are still ramping)
- If the business can continue to ink new contracts (... so that we have a new wave of growth coming through)
- If the business can continue to keep contracts beyond the initial term (... so that renewal CARR is much larger than the initial CARR)

Then the growth in revenue should be exponential... right?

Lots of assumptions, but for a company sitting at a market cap of under 30m, I continue to like the potential here (despite the huge drop in SP in the last 6 months).