Ann: Appendix 4C - quarterly , page-11

Ozzy, re: “If they wanted to keep the share price down for a quarter this would be a good way” if you are referring to the directors then I doubt it, I think it would be illegal.


Re:"I know you thought we had been collecting revenue but we haven't. We just started and thought we would let you know now, that's why it is only $1,000"

Dee000 posted 2 weeks of revenue mid Nov. end of 1/4 01- Dec. The quarter ended on 31-Dec. Therefore approx. 6 weeks.
Remember the “PUSH” apparently started in AUG-2013?

Some worthless calculation by me –

Revenue to date mid. Nov to 31-Dec $1,000
Weeks = 6
Monthly $5 subscriptions (?) taken up in 6 weeks = 166.67
Projected 52 week revenue @ $5.00 ea = $8,666.67 / annum.
Less PTA = $4,333.33 / annum
Less 10% to MMZ = $3,900.00 / annum

Balance revenue before costs, per ann. = $3,900

Let's say the annual take up is 30 times the first 6 weeks $117,000 / annum.


Did the 1/4ly talk about the revenue that has come in?

No one seems to have picked up on this bit –

“The Board continues to receive expressions of financial support for the
development and ongoing commercialisation of KNeoWORLD from several sophisticated and
professional investors. This includes option conversion applications to the value of $100,000
for which it expects payment in 2 days.”

Sounds like the option holders are converting so the Comp. will have more cash, not so they can sell at 200% or more profit, must not have been the option holders selling the last 2 times as some thought.

Or this bit – (note – “believes it can”)……..

“and the Board believes it can secure sufficient funding to continue its KNeoWORLD
sales initiative to the PTA nationally which is now expected to generate revenue at an
increasing rate.”

At the right price ESN is worth the punt. Might need to wait another ¼ or 2?
Or follow the sellers.