Ann: Quarterly Business Review and Appendix 4C, page-2

Q4 over Q3 last financial year saw 80% increase in trips. Then Q1 this year over Q4 last year leveled out to around 4% increase and the Quarter Q2 is also tracking at similar lowly increases. I would suggest the 80% increase was due to new partnership not just organic growth. The question is for JAY to break a real profit at current quarter costs they will need to book another Mill in revenue per quarter. If they grow at their stated long term CAGR of 83% that looks doable in bit over a year, if they grow as per these current two quarters they will need to do a raise within the year. Hard call Any. opinions ?