Ann: LGGC Statement to Members, page-50

"Software developer TradeFloor has acquired a controlling stake in OpenMarkets, after spending five months inside the retail stockbroker stripping out costs and updating its technology. Over this time, OpenMarkets' revenue has doubled and it has become profitable."

Are you sure about your numbers?

$16.66m revenue and $13.944m loss doesn't make much sense. Their pre-IPO presentation showed an EBITDA profit in that time (FY21). EBITDA - Earnings before interest, tax, depreciation, amortization. Could the 'ITDA' really add up to so much? $15m worth?

It also showed their costs being $3.50 to provide brokerage, but them targeting <$3.