Price jump, page-46

You folks need to read the prospectus carefully: https://www.asx.com.au/asxpdf/20170630/pdf/43k9q3ykk127dj.pdf See page 8 and 9: Audio networking as defined by the Company is converting analog to digital.  It is not in the transmission over optical fibre.  They predominantly sell this IP on a chip.

4x the closest competitor?? Ravenna is just transmitting data over IP.  Their competitors as they elude to on page 21 are Dolby and DTS.  As I highlighted, they are actually competing with Panasonic and a whole lot of other players.  If Panasonic can connect a venue like a concert hall to a network...that's in their domain.

Have you even googled RH Consulting?  One of their staff is "Level 3 certified in Audinate training".  What on earth does that mean?

EV to gross profit on page 5.  Yeah, it'll never make a buck after paying staff, expenses and perhaps one day the tax man.

Now look at their most recent presentation: https://www.asx.com.au/asxpdf/20180529/pdf/43vcm69yz8tj26.pdf  This is misleading.  Look at page 19, how do they get away with doing this? Making it look like it's profitable by forgetting to put in COGS.  Compare this to page 15.

As some of you have acknowledged, converting analog-to-digital is not new.   It is also not valuable.  The analogy is bluetooth technology.  Yeah it's used in a gazillion devices but the IP is not worth much and declining by the day.  Further, analog-to-digital is inferior to bluetooth IP as there are plenty of alternatives.

This stock is on its way to $1 - and that is still a rich valuation given it will keep burning through it's cash and one day raise more.