This is my last note until the AGM. I expect recurring revenue...

This is my last note until the AGM.

I expect recurring revenue to exceeds expectation and the short term blow out of cost to be better controlled. Maybe even reduced costs.

This will see the old days returning with another 20x uptick on the way.

I am very harsh on management when they do not keep the unit economics in check ( ratio between cost - including accounting capitalised cost- and revenue in check). In this case management delivered in the last quarter and reflected in the uptick in share price. Well done.

I had my doubts about the capability of when I look d at the cost blow out over the last 12 months compared to revenue. This is the key ratio and also the reason the fundies sold down. Now that the unit economics are back on track you have a supporter!! The fundies will also come back soon.