500,000 existing users @ $50pa=$25m revenue pa, page-13

Hi Ozzy and All,

Gotta say, the note holder(s) that have converted and sold so far are a bit selfish to say the least.

In saying that, if all notes and attached options were to be converted today:

That would give us a market cap of $12M, cash at bank would be around $1.2M.

And there would be no annoying note overhang - so I wish they would all convert!

With all of the potential, $12M market cap and $1.2M cash and no notes - you have to ask yourself if you would buy?

Of course you would.

Revenue announcement will provide more opportunities for note converters and anyone else that wants to sell.

The point is that they will all sell out eventually but the revenue announcements will keep coming and the revenue numbers will keep increasing.

Let's see how much of the 23 million students we can get, before we take on Malaysia, Australia, South America, UK, etc.