Ann: October Operational Update, page-303

Perry was the sales manager at LPE. As i understand it he knows very little about electricity retailing.

There is plenty of business for more than one player in this space, and there are significant barriers to rapidly building up business so i don't see Starcorp as a threat to LPE's dominance. They have first mover advantage, plenty of cash and large recurring revenue behind them now.

Does anyone know what Starcorp are doing for cash? Pretty hard to rock up to the bank and ask for money to start buying electricity to sell to stratas when you have nothing on your books. Not unless you are paying high teens interest and there goes your margin....

Thats why LPE did an RTO and as Rajen puts its so eloquently, we crowd-funded the whole campaign. Because its capital heavy to get going. But we are in an advanced state and Starcorp are nothing but an approval to sell electricity. Can't see them going anywhere fast and in the meantime, we will be at 450GW and a T/O

IMHO