CEO Mike Holt on gridComm Revenue $10M per city, page-8

I'm not sure it's that enticing.
According to Techinasia article,
"It claims that it will deploy on 100,000 street lights
in five cities ,with a US$100 initial installation cost
and a subsequent charge of US$5 per month per street light.

So,gridcomm have to spend $13m to get revenue of $6m per year.

Also,was odn telling porkies to with the $4m c/r.
Didn't want to scare people with dilution?
Another article states $us7.5m c/r.
That's $A10m. 100m shares @ 10c
The c/r will be the same as the last imo.
At about 1.2c equivalent as I said before.