esn & mkb - a comparative analysis, page-152

MeToo,

"does anyone know if Kneoworld could become part of the curriculum? Can you imagine that? Borris.. just went into orbit, just joking. No harm meant."

You're assuming I wasn't in orbit already? Hehe

Fair enough and you're right MeToo, we are all just guessing and sometimes getting a bit angry with each other's guesses when we disagree with those guesses/estimates.

Back to your post:

1. I would be over then moon if they get 2,300 paying subscribers @ $50 reported in the upcoming/first quarterly post the iPad/mobile App version launch, with the PTA push now progressing.

I will be pretty happy with any sort of half-decent numbers that show a trend of registrations (1 to 5 to 20 to 50, etc). As I said before, if we got anywhere close to 230,000 (or 1% of the total PTA potential, we'd all be called Richie Rich) - but I am sure that these numbers will come in time.

For the moment I am interested in some revenue numbers that show a growth trend and prove the business model/concept, as I am sure there a lot of people on the sidelines waiting for the same thing.

2. Admin cost numbers - last quarter was under $400k ($1.6M annualised) and the year before it was $1.7M - the next quarterly should give some indication of what the 2013/14 total costs should be.

It's funny talking about a company worth $9M about breaking even - that sort of talk/number ($2M in revenue) would make the company worth a lot of multiples of where it is right now.

3. As I stated, you cannot use the sector PE for reasons mentioned in my last post and using the PE of MBE is more realistic as they are both measured on the same thing; potential growth, regardless if one sells EduGames and the other mobile payments/marketing.

You will notice that MBE, MKB, MNW, etc. all move/moved in the same direction even though they do different things.

4. Agreed and yes, I used fully diluted in my last three posts/calc's.

I think we should see some action in the new year prior to the/in anticipation of the quarterly and then obviously the quarterly will play a big part in where it goes after that.

I wouldn't mind some sort of revenue/trend/sign-ups announcement before that!

Cheers.