support level, page-21

Nachode's analysis projects 2019 & 2020 share price of $1.45 & $2.09, respectively.

Assumptions
1. There is a correllation between ACV and market cap (7x for 2018)
2. Aus ACV project to grow at 15% per annum.
3. US ACV to double from $7M (2017) to $14M (2018), $28M (2019), $56M (2020).

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9	Column 10
0	Year	aus acv $aud	yearly increase	us acv $aud	yearly increase	total acv $aud	yearly increase	Cap rate	MV	share price
1	2015	25		0.1		25.1
2	2016	34	38%	1.5	1400%	35.9	43%	4	146	$ 0.41
3	2017	40	16%	7	367%	47	31%	5	235	$ 0.61
4	2018	46	15%	14	100%	60	28%	7	408	$ 1.07
5	2019	53	15%	28	100%	81	35%	7	550.8	$ 1.45
6	2020	61	15%	56	100%	117	45%	7	796	$ 2.09