Shocking Half year, page-68

Sorry, me bad. I used the Qtr 3 figure in my math, not the Qtr 4 figure. So not the completed 12 months benefit of compounding 300% Qtr by Qtr. (However, they will need $$ before 12 months). Numbers and math below.

ASX Anointment 26 FEB: Half Yearly Report and Accounts - Revenue for 6 months was 232K.

Current Feb Announcement; $ 232K Revenue
Qtr 2: $696K (= $6p/m x 9,667 users)
Qtr 3: $2.088M (= $6p/m x 29,000 users)
Qtr 4: $6.264M (= $6p/m x 87,000 users)

Revenue Growth of 300% p/ Qtr would, whilst unrealistic due to timing lag in payments. Note this usually averages 120 days: (Customer sign-up; customer usage; Telco invoicing customer after month, DUB invoicing Telco, customer paying Telco, Telco paying DUB). This is if DUB already has the customers signed up and fully operational.

At $6.26M revenue, a current market valuation $38M (based on todays SP of .63 x 57.5M shares). This gives SP to Sales ratio of 6.

At the TCB007 hyped $1.50-$2.00 range (lets pick 1.75 as midway), that’s a market val of $100M. This equates to SP to Sales ratio of 16.

Based on Qtr 3 Rev of 2.088 SP to Sales ratio = 48.