Ann: OnCard AGM Presentation 2012 , page-9

Charlie / Puss,

Thanks for your insights into the AGM, very helpful and interesting! And good to see some discussion on here as well.

Overall, I thought the Presentation released to the ASX was positive. Was the vibe at the AGM the same?

Operational performance does seem good for both SmartPass and Buffet Club. I really hope they are looking to leverage the Buffet Club database and turn it into a similar cash cow to something like Qantas Frequent Flyer program. I know they are different products, but discount/rewards programs can be very valuable. Having looked at the Buffet Club website again today, appears we sit on the discount side of things. Look forward to the development of the eCommerce platform, sounds interesting.

Will be interesting to see what they learn when they can start to track the data for Buffet Club.

Licence float sounds okay, but let's hope we can earn interest on it, still our money after all.