Ann: Appendix 4D and Financial Statements - 31 Dec 2018, page-15

Thanks for the correction wink. I knew I had something wrong there.

Unfortunately, the five2 is not selling and the zeiss sales are slow. The idea was to create these things and make money from selling them. The making money part relies on the selling part and the selling part is currently a problem.

I for one would like an explanation, some guidance, some commentary from the current management/board as to why they think this is the case. I am not comparing them unfavourably with previous boards. I am not asking them to invent details or reassure me with exaggerated blue sky. I am asking that they carry out one of their core duties, which is to report to the owners of the business about that business. They are the experts on the business, I rely on them to inform me as to why the five2 is not selling or why zeiss orders are so slow.

Wink, is this unreasonable?

Perhaps in comparing this board's performance to previous boards, we are setting the bar too low? Perhaps we should encourage our board to compare themselves with the boards of successful, well run companies? I would prefer they use that sort of board as a benchmark to measure their own performance against.

Wink your way of evaluating the board is a bit like saying, "well at least he didnt kick me in the nuts like the last guy" after you've been mugged and had your wallet taken. There's something admirably optimistic about it but it's a bit troppo all the same.