Ann: LVH December Quarterly Report and Appendix 4C, page-6

Hmm looks like a clean quarterly report. Happy to continue holding but had a few questions.

Says current quarter's staff costs were about $1.7 million and expected to rise to about $2 million next quarter. I don't know all the facts but when comparing this against quarterly revenue of $541k it looks like revenue still has some way to go to catch up.

$1.5- $2 million in staff costs for a small company in one quarter seems quite high but this may be because of "investing in its RPO division to support its channel partners with support across sales tendering, implementation and customer success".

To me this seems to indicate they're either aggressively investing in their staff to keep up with current or anticipated demand or aren't being as prudent with the funds as they can be.

Overall still happy to hold and is good to see they are making steady progress. Looking forward to when quarterly revenue can hit $1 million and costs begin to decline.