Ann: Response to ASX Queries, page-69

Plenty of sums here on the money EM1 are making.....all are very wrong...........any "earnings" are billed and taken by CROWD1 who then pay an access fee to EM1 for the platform. This is not an EM1 project, it's a CROWD1 project to make money for CROWD1......EM1 are merely a service supplier that has had their product rebranded as Miggster,

What is the access fee paid? No one knows because it hasn't been released specifically for this agreement.......best we can do is base it on the other platform access fee that EM1 get paid by MTN under a similar rebranded product offering......it would be fair to call this market rate wouldn't it?

So what is the access fee? 11.3% of the total subscription fee paid to MTN by the end user.....yep, 11.3% based on the last update on MTN (remember they invoiced around $30K for the 3 month period following the launch)

So based on available evidence EM1 is getting 11.3% of the 0.06% of conversions.......it's really not a lot of money is it.