Ann: Appendix 4C - quarterly, page-40

I worked it out very simple, when they would stop converting and just maintain the customer base then LPE ends up with at least 8m pa in profit.

4-5m revenue
less about 2m in staff, corporate and admin and issuing bills

= about 2m profit per quarter = 8m pa in profits

from the last 4C:


1. Cash flows from operating activities 1.1 Receipts from customers 4,003 4,003 1.2 Payments for (a) research and development - - (b) product manufacturing and operating costs (2,646) (2,646) (c) advertising and marketing (38) (38) (d) leased assets - - (e) staff costs (735) (735) (f) administration, corporate costs & GST (843) (843) 1.3 Dividends received (see note 3) - - 1.4 Interest received 15 15 1.5 Interest and other costs of finance paid (41)