Ann: March 2021 Quarterly Report and Appendix 4C, page-23

I think you've inadvertently given me another perspective in which to explain the VET growth slow down.

I know what the core business was when RCL first launched 6 years ago but I think even they'd agree now that VET is the exciting channel that they've exposed.

I am focusing on the VET numbers because they represent an ARPU of $250 whereas based on my figures above reseller brings in $25 and direct $75 ARPU. I know which channel I'd be focusing on if I was running the business. I can appreciate that they compliment each other though and work in tandem.

You've offered me a different angle for increased understanding of the VET numbers. That coupled with the strong likelihood of an acquisition in maybe 3-4 months just before the earnings season is starting to turn my head a little.

Hopefully the numbers align to the new rationale offered up