Ann: Preliminary Final Report, page-54

the fintech industry is in a bubble.. Let’s hope it doesn’t burst, my advice would be watch APT’s growth that will give you an indication for a revalue. The issue is WZR is growing loss far quicker then revenue not a great passion to be in when she pop.

2019 income $3m _ Loss $7.7m
2020 income $7m _ Loss $23.5m
2021 income $16.3 _ Loss $79m

Employee benefits are actually $9.5m this is more then income, marketing expenses are $4.5, processing cost $1.9 this alone $6.4 for a $7.7 return um... yes the returns on this are over the next 5 years but that’s taken through all the other expenses. I can’t see WZR making money for the next 3-5 years