Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-5

The current model is broken. I can't see how any of the current revenue generating methods scale. We seem to be a middle man orchestrating things that drive business to other companies.

Need to be more effective at getting a piece of that pie because right now, we are earning about $2/user/quarter. At 500k/quarter burn we need 250K clients to break even. Theres about 8 mill Aussies between 15 & 40 which is our target market. we need about 5% of those to break even (allowing for costs to grow some with additional users) and atkeast 10% to be able to make meaningful revenuses.

Basically profitability is a dream unless the business model changes significantly.

For example, if we can take a little of the foreign exchange cost (.1% for example), we can ramp revenue very quickly.