Stuff is happening, page-118

'As at October 2015, annualised Pay Per View (PPV) and SaaS fees revenue were
$200,000. We expect this to grow for the next two years at around 20% month-on-month,
in line with the growth experienced in 2015"

Unless this has been written in not goodly English it does appear to suggest that starting from last October the annualized revenue was 200,000 and that as each month passes that annualized revenue will increase 20% on what it was the month before. This is further confirmed by the fact that Ballieu states in their report that VPC should reach break even before the 4 mill runs out.Taking Ballieu's upper case of a 400k per month cash burn that would be 4.8 mill cash burn per year. By month 16, according to pchu, SaaS and PPV annualized fees will be just over 3 mill. Add to this the 2 mill that dash makes and you are at break even. 16 months of operation after raising 4 mill would require (at the upper rate of 400k cash burn per month) 16 x 400k = 6.4 mill

in 16 months there would be over 2.5 mill revenue from Dash + the 4 mill initially raised + all the accrued SaaS and PPV fees. So if pchu's interpretation is correct they should comfortably reach break even before running out of cash. Ballieu's statement that the 4 mill should last until break even is reached seems to suggest to me that pchu is indeed correct in his assumptions.