Ann: March 2018 Quarterly Report & Appendix 4C, page-33

Was crunching some numbers this evening.

CCP Annual Revenue for FY2017 was $175k
If we look at back at CCP revenue:

	Column 1	Column 2	Column 3	Column 4
0	Q3 CY17	Q4 CY17	Q1 CY18	Q2 CY18(Assumption)
1	$ 28,000	$    68,000	$68,000	$90,000

CCP announced they secured an additional $100k in CCV sales in April which did not make it into Q1 report so some quick maths on that represents a $12k increase per quarter giving us $80k, I then added another $10k on assumed sales in the next 3 months.  

We should close the financial year above $250k representing a 50% growth from prior year.

I am also weary on the Q1 receipts as it indicates no new revenue from prior quarter and I could not see a reason for this in the report despite several new customers that joined in the quarter.
I am hoping there is a delay in the payments and we see it come through in Q2 earning report.
If it is then that would be fantastic as it would take us north of a 50% increase from prior year.

Taking $250k as annual revenue gives us a multiplier of 17 with our current market cap ($4.4M)
With $1M cash on hand and no debt our EV is $3.4M.

Good buying at these levels