esn & mkb - a comparative analysis, page-144

Ozzy,

"Also I don't think all of the subscribers would be annually @ $50 and many would be alot less $5 per monthly subscription."

$5 monthly subscription x 12 months in a year = $60 per annum income per subscriber.

It comes to more income than the $50 per year number that I used so I'm not exactly sure what you're trying to say? I should have estimated more income? Probably!

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MeToo,

Here are some more numbers for you (all just to highlight the potential - there's no telling if the company will ever get these numbers - it could get less or more):

The calc's assume/utilise:

- Only 1% of the 23M PTA take-up;

- Admin fees used are $2M (very very conservative as last FY the number was $1.7M and that included costs related to the App development which will no longer come up);

- Sector PE as you requested (130 used which is what MBE is currently trading off);

- Fully diluted.


You can see that the resulting share price, from just 1% take up, is 14 cents per share, which is 46 times higher than the current share price.

This calc, the previous calc, and any other calc's are just there to highlight the potential that this one offers and they all seem to suggest what everyone already knows; that the potential is pretty big.

Cheers.

PS. GLTA, DYOR & your own calc's and make your own investment decisions based on your research & calc's.