Ann: Appendix 4C - quarterly, page-4

Yep, it says it all. Less spin! Acknowledge those areas that aren't doing well and add value to your credibility IBuy management in conjunction with how this will be addressed.

We all get you're in a growth phase and risk is higher. The acquisition of living social SEA will realise an increase in revenues next year but what about margins and how will these be increased noting the significant competition in this sector?

As said by patient, what is the real deal with merchant patients for the quarter. Someone demanding an increase in payments? or you guys are just awesome and want to reduce cash holdings?

I am sure all stops are being pulled to make this a viable business model, and yes scale will assist that. IMO, the basis for credibility is equally important and as such more polish and less glitter will get those larger investors on board!

As for the share price, it is where it is as some smart people can see the increased risk and time it will take to prove the model's success. Bottom of the sock draw for me on this one...a long termer.

Nevertheless, I do like the risks these guys are taking to venture into unknown territory, that takes guts. Don't forget us small investors on the journey lads and ladies.