Ann: Major Managed Service Contract Win, page-10

> mwp < . If we assume a 10:1 share consolidation in CNW than the company will have 100 mil shares
( counting current shares incld options). at a proportionate share price of 18 c' each.

If we then assume FY20 EBITDA of 10 mil with 6 mil profit of which 70% payout in div that is 4 mil or
3 to 4 c payout per share ( subject to 30% tax).

with this amount of DIV one can expect the share price to be around 50 to 60 cents. or 5 to 6 c' in today's price, this is a substantial rise. I am willing to wait, providing evidence of progress made along the way.