NOR pre NR, page-15

A few things from that announcement.

1. Downloads do not equal active user base. Pretty sure at least with android you should be able to tell how many people still actually have the application on the phone and their base data should say what percentage of users are using the application.
2. Those revenue figures at the bottom of page 2 (400k, 465k) look like per month but come under the heading "Cumulative". Which are they?
3. The line "year to date revenue per user continuing to increase". Is this across the 4 million downloads or active users? I'd rather see a graph of, downloads vs active user base vs revenue over the top (even without numbers would be something)

There's possibilities but I'm thinking 90% of the possibility is with partnering with telcos. World Phone as a driver.... I still just don't see it.