[ivanplenty]

Thank you for responding thoroughly to the write-up. I think you're absolutely right that we both are clouded by preferences and philosophies when looking at this data. Your conclusions are just as valid.

The only point I would make is that I did not assume constant photo sizes, even distributions of users, or constant costs in the long term. I did assume these variables changed each month. What I tried to do was match what actually happened each period to determine if there was an operating profit.

I agree had the business expanded to other revenue streams or had been able to migrate to a different infrastructure it may have become a profitable ongoing concern. It just doesn't look like you had been able to get to either in the time you had.

But I think you will in the next venture. Again, I cannot stop thanking you and wishing all the best!