Ann: Half Yearly Report and Accounts , page-10

Whilst the wording around whether or not ESN is an ongoing concern is always a wake up call, it is pretty standard on annual statements for cash poor speccies at the bottom of the market. That's not an excuse or a bullish indicator but it's the nature of the game when you are trading something at fractions of a cent with a market cap in single figures.

It's been on ESN's annual statement before along with many other micro cap spec stocks.

A least now we know the receipts from customers figure in the quarterly was rounded down. 1300 not a huge figure but somehow it is more tasteful to me than 800 !

1300 is somewhere between 26 and 260 subscribers. Not earth shattering but as I've posted before it is still early days in the PTA initiative and the USA is only the first market that the new Kneoworld model has really been pushed in.

Downsides - This stock is quite obviously highly speculative, high risk and high chance of further dilution as metoo points out. High risk means you should make peace with the fact that you might lose your dough before you put in a buy order.

Upsides - Early days in the PTA initiative which gives us massive exposure to the target market, revamped front end coming based on user feedback, new marketing specialist hopefully spruiking the product and getting Kneoworld out there.

I agree that it is a massive risk with a very high chance of loss, but that can be said of most stocks down this end of the market. I'm not writing them off just yet.