Ann: Quarterly Activity Report, page-12

DUB’s latest Quarterly Report, posted 1 May 2017, state’s ‘Successful quarter… increasing end users customers by 35% to more than 13K”

Doing some research on past user numbers DUB’s 30 October Quarterly Report states:

"The company currently has 4,938 users, up from 2,915 at 30 June 2015, an increase of 69%”

So DUB grew by 8,062 users in 18 months!

Yet to reach break even, which they announced they would do before the last CR, they would have needed 100,000 users, which is a growth of 95,062 from 30 Oct announcement.

So they have achieved being 8.5% on target towards break even. This being the old break-even before the CR.

They have had 18 months for all the prior telco’’s to scale up from Stage 1 to Stage Pay, but clearly they haven’t.

Have I missed something in these numbers?