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Message: Re: Updated Report by Salman Partners - Valuation $1.60/share

I find the revenue ramp to be extremely flat for an online company with such a fast growing user base.

2012 2013 2014 2015

$5.1 M $6.8 M $9.6 M $18.8

I would be curious to know how Salman derived these numbers. Are they being overcautious at this stage? Seems very cautious to me.

GT

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