Ann: Quarterly Activity Report and Appendix 4C, page-22

No Blue-Sky here.

Your blue-sky eyes are hilarious.

In 2 yrs on ASX DUB has burned 30M, had 3 CR and only grown client base by 10% in 2017FYR.
All other noted revenue noted in their annual report was from a Gov’t grant. Not sales..

Simple unadulterated math tells you they need to 10x to break even. That means going from 15,000 paying subscribers to 150,000 paying subscribers. At a minimum (150,000 subscribers x $6AUD each to DUB = $900,000 p/month)

2017 they grew 10%. So they need to improve on last year by 100x.

Had they just listed with no history as a publicly listed company, this type of blue-sky story can be believable. But after 2yrs validating that the management skills and that there is clearly no client interest - this type of growth is unachievable.

Loving the passion, enthusiasm and hope.

But their history is crystal clear