Yes, 3.9 million is an incredible figure. Unfortunately, until we get clearer disclosure on exactly what the expenses are that are taking up all the revenue we can't assuredly say that its actually writing off up front business cost to insure future financial profitability or if its truly just the ongoing cost of providing services that generate revenue.
We can hope for the best but investors will be very wary until Garry clears these matters up. Looks like we'll have to wait until then before the share price can be affected IMHO.