One for the maths nuts, page-9

Hi @Perok

We seem to have interpreted the announcement very differently.

From looking at your calculations you seem to be treating the annualised $302mil GPTV figure as the "high point" or run rate as of 30 March.

I take the $302mil GPTV to be an annualised figure of what was actually achieved over the 23 Jan to 30 March period and in turn my 30 March "high point" run rate is much higher, being around the $511mil GPTV figure I came to.

Another way of putting it -  we differ in that you have come to the $827k DPTV as the high point at 30 March, whereas I see that figure as actually being the average DPTV for the whole period and I believe the DPTV at the 30 March high point is something closer to $1.4mil.

The other bit I think that you may have miscalculated was your 1 Feb starting figure of $318k as your end figure at 30 March of $827k is only a 160% increase not 260% increase.

Anyway, appreciate your input and interpretation of the announcement.

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@tradealot Thanks for running your eye over my numbers. I'm pretty happy with them as an estimate. There will be some inaccuracy as we don't know for sure how much was actually processed between 23 Jan and 31 Jan but it is a are a good ball park.

I agree with your optimism too, having worked these numbers, if accurate, then this announcement was absolutely outstanding and does, as they state in it, show they are tracking ahead of schedule. As you mentioned it clearly shows why LHC appear to have continued to fill their boots since the announcement as I think they have interpreted the figures the same way.

Look out for another Sub Holder notice from LHC on Monday IMO.

I very much see the biggest positive coming out of these figures is that this is only from 13 merchants who are still in "ramp up" phase. 13 of 30+ contracted. I think it is reasonably safe to say that some are already processing above their contracted GPTV. Remember, JK mentioned in the Kohler interview that they have been contracting to only 25% of a merchant's full processing power, so plenty of upside if merchants choose to process up and above their contracted volume.

I'm now predicting cash flow positive during Q2 rather than Q3 and no cash flow related CR.

This is all of course not inclusive of new AU merchants, EMAs revenue, etc etc.

If I had the $$$, I'd still be looking to top up here. Very bullish.