That's a bit rough!! I noted this section in their revised...

That's a bit rough!! I noted this section in their revised prospectus:

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"Uncertainty of future profitability" [9d, page 24]
... Accordingly, the extent of future profits, if any, and the time required to achieve a sustained profitability of the Company is uncertain. Morever, the levels of such profitability cannot be reliably predicted.
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I don't care much about their predictions on revenue, I think it's a fair basis to assume the revenue per customer will stay about the same. What I care about is the cost per customer - following the restructure. Based on current revenue per customer, will they approach breakeven? If the cost per customer cannot be predicted with any kind of confidence, I think this is a problem. Usage patterns should be pretty well established, so I can't see how a customer would begin costing more (in terms of bandwidth used and other variables dependent on user habits) - and most other costs should be relatively static.

To me I'm worried how someone can go ahead with a restructure if they cannot half way predict whether it's going to put them in a position to become profitable. The key piece of information I'm interested in is are they reliant on a (substantial) increase in subscriber numbers to achieve breakeven, or can they work with existing customer base?