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Ann: June Quarterly Activities Report and Appendix 4C, page-188

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    "Don't forget though, the only reason we are at 199 active merchants is because they can't get into stores yet to give training and activate the other 1068 merchants they have onboarded it would bring your ratio down to 0.6:1"

    With all due respect, you do realise that the higher the ratio the better. More customers per merchant, not less
 
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