The revenue model, as it currently stands, as I understand it,...

The revenue model, as it currently stands, as I understand it, has two parts. The first limb is Paid Programs. That’s where third party companies hoping to transact with movers pay UPD a fee to provide their product or services on the UPD platform. The Paid Program fees are not significant on a per company basis and to date has represented the lions share of the revenue UPD has generated. The second limb is Transaction Fees and involves UPD taking a revenue share of volumes of bookings made through the platform. This is where the blue sky potential resides. For example. Mr and Mrs. X are looking to move. They jump onto the UPD platform and arrange for a removalist, a new pay TV provider and a new Telco provider at their new house. They book $5000 worth of transactions (or Bookings) through the platform. In this scenario UPD makes money two ways. Firstly via a fee that the removalist, pay TV and Telco company pay to actually be on the platform. The second fee is a clip of the volume. So the removalist, pay TV and Telco company collect the $5000 as revenue for providing their respective services. They pay UPD a percentage of that. So assuming its 10% (which I still think is generous) UPD makes $500. That’s my understanding of the concept of bookings. In this case the Bookings is $5000 but the actual revenue to UPD is $500 (plus any paid program fee). Happy to be shown how my understanding is incorrect.