Ann: June 2016 Quarterly Report-PIL.AX, page-25

Hi @stocking,

Thanks.

100k subscribers performing 1.2 mil transactions per month equates to 12 transactions per subscriber per month.

100k registered subscribers are bringing in an average of $60k in gross recurring revenue per month.

If we work on current performance above, once the 2.5 million subscribers are in full swing, PIL will be performing 30 million transactions per month (25 x 1.2 million) - (2.5m / 100k = 25)

So what would this equate to in gross revenue per month?

$60k revenue per month x 25 (2.5m / 100k = 25) = $1.5m in gross revenue per month or $4.5M per Quarter.

Tony