Ann: Clarification of market announcement, page-54

Their outbound business model frankly I care little, imo this is where the misconception lies, current business model is small fish compared to what's to come. St Andrews made $19m net profit for Bank of Queensland in FY18 and they will transition from distributor to full fledged general & life underwriter, at current market cap its trading at PE of 1 (and I'm not including the $10m passive income they get from their existing trailing asset or any the $1.8m income from Spectrum). Each to their own though. I placed 800k shares @8.4c only time will tell if I'm right.