I wouldn't be laying too much at the feet of the Financial Viability Assessment component of the AOC process. While I would expect that the expenses-side of the sheet would be fairly accurate, the revenue-side, particularly for such a novel business-model, would be flakier than a Lune croissant.
And at the end of the day, even the most diligently prepared three year cash flow forecast would carry at least two caveats:
- It is difficult to make predictions, especially about the future.
- Things change.