Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2

From the webinar today
- Providing $5 million of loans currently
- Loan capacity is $7.5 million
- Michael Davidson estimates breakeven point is $10 million of loans
- Looking for a larger loan facility, in the final stages of it
- Broker trial bringing in $1 million a month of loans
- Recently expanded broker network 4x
- Brokers estimated to bring in $2-3 million of loans a month at greater margins than direct customer acquisition

If what Michael is saying is correct, PHL will be profitable in under half a year assuming the loan facility is sorted out? Thoughts?