Ann: Annual Report to shareholders, page-2

First the negative

From the Chairman's report

It has been a good year for a company. Our revenue has grown 633% to AUD1.131million
compared to previous financial year. This huge jump in revenue is largely due to the business
model of the company that is now gaining traction.

That speaks for itself. Laughable. How on earth did this list?


Now the positive

Directors are on the smallest directors fee's I've ever seen. And they are running a tight ship expenditure wise. My only question on that is where can revenue come from if one App is downloaded 20m times and they only have $1.1m revenue. and where can revenue come from if they aren't developing.

Another for the "this is a good, cute private company, but should never consider being listed" box