Ann: Appendix 4C - quarterly, page-5

Im a long term holder and average downer and short term I am concerned by the cash burn but medium to long term this is a very interesting company and industry (SEA flash sales etc).

When reading through the language of the commentary there appears to be no concerns about the cash position and loss from last quarter. For me that is confidence in what they are doing and potentially some other corporate activity that may play out (e.g. Catcha investing more into the business).

I would hate to see a dilutive low cap raising but I dont get that desperation in the commentary.

User numbers appear impressive and you get the feeling they are working hard on the operation.

Hiring was mentioned and if your successful, ex Harvey Norman, why would you join a company if there was an issue with it being a going concern in 3 months?

So for me the cash burn is not great, should be improved in the next 6 months and the real story begins in 6+ months time.

If you have that time horizon then it could be very good.