Ann: Quarterly Update and Appendix 4C June 2014, page-21

Last post for tonight, promise guys. Re-read the notice and picked up a couple of things:

1) Looks like they've recorded turnover in excess of $20m for this year. This means they will miss out on the government R&D tax refund.
Https://www.ato.gov.au/business/research-and-development-tax-incentive/

2) Customer churn increased again this quarter which means they are bleeding subscribers even at lower sub rates.

3) Likely to be a SPP before the end of Sept as they down to 2m cash.  

Good luck to holders tomorrow. Honestly hope the share price holds up for you guys.