TV2 SP Target, page-6

Hi MMM,

Subscription numbers have to built. So when the services are fully operational in Brazil in October there is still one month of service for each subscriber without revenue as it is free. The transition to paying subscribers will be another milestone to watch. This why I made the differentiation between subscribers and revenue.

Same for Indonesia. In addition first sale numbers for STB.

The speed and potential acceleration of subscribers and confirmation of a high conversion rate to paying customers will determine Mr Super Trumpy's favourite variable hype.

It is difficult to say, but taking this into consideration my guesstimate is $50+ Mil market cap + hype by the end of December. In other words between 3c and 5c.

This of course if expectations that management raised are met or surpassed.

K