Quote Originally Posted by Tiggy View Post
That's a very poor way to back that assumption up. The 2.5m number is in no way proof that the 500k is ligit. That logic does not follow and is flawed assumption.

The fact is this. The numbers are 10 months out of date. Period. Anything else past that is an assumption. Even the reddit post I listed is just an assumption using a certain methodology, but still an assumption.
You clearly don't get how an annual report works. Most companies have calendar tax years 12/31, others have fiscal year tax years of their picking. SE picked 3/31. Once their fiscal year closes - they have to do all of the accounting to determine their assets, liabilities, revenues, expenses, etc. on hand at the end of the FY. Then that information is audited. Then later an annual report is released. What any company wants to accomplish with an annual report is to reassure their investors. An annual report will typically have an opening letter to the investors prior to jumping into the 3/31/14 numbers. The open letter is a current letter that talks about the past (3/31/14), the present (now) and the future (3/31/15). The open letter to the investors mentions the 2.5M registered users and the 500k subscriber number. This opening letter is for a January report. We know for a fact that the 2.5M number is more current than 3/31/14. Why wouldn't the 500k be more current? An opening letter is where a company tries to save face; ie "our FY14 numbers were bad - but we now have 500k subscribers, etc.).

Neither of us can know for certain - but it's laughable that you call my logic flawed. It's more logical to say that 2.5M is a current number so 500k must not be?