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.
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- Ann: Quarterly Update and Appendix 4C June 2014
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