Ann: March Quarterly Report & Appendix 4C-DUB.AX, page-24

Just not seeing it TCB. Even if Singapore and Macquarie actually go ahead as announced, and I doubt it as nothing has thus far, it is still not enough to break even. DUB tend to tell little porkies in their announcements and go a little over the top in their $$$ predictions. So you need to water down what's announced to arrive at at something realistic. If we took everything announced at face value we'd have half a dozen signed Telcos in UK already and would have banked 1.7m a few months ago from Bank project. But also expenses keep rising and subscriber numbers are kept secret. DUB will need 100,000 paying subscribers to break even. This will be a longer journey than most anticipated.