• In recent years, the VONEX sales revenue has been growing at CAGR of ~ 23% which is sustainable without additional funding.  Additional funding from the IPO will permit additional projects, which will accelerate this growth and provide good news and a more positive sentiment.

• Subsidiary companies (hosted cloud PBX) are profitable since FY 2016. Vonex group is already very close to break-even which will prompt profits early on after the listing. 

• Oper8tor expenditure is R&D which will be returned via rebates to the company, offsetting any fears of high expenditure on this project and the financial impact to the group’s performance. 

• The Oper8tor project is a major attractor to a large group of investors / existing holders.  The commencement and reporting on completed stages will create excitement within the market. 

• Existing shareholders from 2 years plus ago, would have largely written off their stock.  General sentiment is to hold on to it and see what happens. These long-term holders have been consolidated by 10-1, so there is no early profiteering on offer for the existing register at current prices.  A large number of major shareholders placed in escrow. 

·        Post listingcapital management to reduce the cost of maintaining the register, which mayinclude unmarketable parcel buy-back and placement of buy-back shares toinstitutions.

·        Constant news flow is expected and this is expected to beoverwhelmingly positive. The active NBN migration in Australia is a reality forthe next 36 months, so this is not a business that will list and then proceedquietly.  This will provide ongoing success updates.

·        The business also plans to expand the wholesale white labelbusiness internationally.  This will likely be done by partnering toachieve quick growth. 

·        The business is well positioned to acquire other businesses(where that make sense). This will bolt on strong and assured growth. 

·        Campaigns to promote the stock are scheduled for on marketsupport after the IPO. This includes the inclusion of an attractive 1:4offering of ASX listed options.

·        Vonex has contracts in place with representation for PR, IRand other media channels with lengthy (but optional) commitments post the IPO.