IPOing today, looks good, page-64

Firsova, KNO are never going to get $30 per seat gross, that said your figure of 25,000 seats is about where I have forecast the target, but based on $10-$15 gross revenue per seat. I believe ANZ were at circa 13,000, OPP and others nearing 1,000. I am expecting (hoping) the CITIC trial phase brings in another 10,000 seats, however this could take a few years as a rollout. Once another big contract, in addition to the ANZ one, is signed market sentiment should see the confidence not only of the shareholders but also the customer market improve. Here's hoping as they are tight for cash at the current burn.