Ann: Stargroup Launches New Products at Australasian Gaming Expo, page-13

@kpkg

The share price peaked at 4.6 cents in February when investors were expecting us to settle the Indue transaction at that time based on what that business added to the valuation of our business.

The settlement of that acquisition was delayed and not done entirely with debt but in the end was done with both debt and equity but was completed in May and we also bolted in another acquisition via debt in June.

You always get some "wash" when you capital raise but the Indue ATM businesses acquisition was an excellent acquisition and since then it has almost entirely been merely Mum and Dad investors that have been selling and the Top 20 has increased approx 3% in that time.

I obviously was forced to buy and sell some stock in recent months but basically STL is the same business, if not better, that the shareholders valued at 4.6 cents in February, so go figure!

We can't control market perception unfortunately but we will let our results speak for themselves in due course!