annual report, page-15

Based on Page 7 of the report on the 3rd Sept

You will notice that based on the Nov 8 projection when we were noted to produce 2000 courses per month this was to generate a NPAT of $8m (rounded) if this is now 3000 courses p/mth then this is $12m in round terms

Again, the COGS, tax and the margins etc are all IMO and some others conservative ...

You may have also noticed the word 'conservative' in other publications from the coy ..

New should eb this week otherwise we may slip into a Dec shareholders meeting .. MERRY XMAS ..although question I have is what extent of the dilution are they looking for as the annual report again notes ... we have to look after the scientists ..