Ann: October Operational Update, page-66

Got to understand the history, floated at 0.02c and in 2016 went to 0.05c. We could all see the potential. Went back down due to how slow it is taking to get to CFP. @Steini has always been a supporter and I have been her for 18 months and we have all said this should take off. The directors have high salary and 70% stake. They are getting performance shares based on conversion, not on share price, this is why people are saying they are working for themselves. January means further dilution with escrowed shares. I can see both @Steini and the other boys, if you bought at 0.04c and seen nothing from management you would be angry. Long term it looks like a winner but its a slow grind, as i said earlier, they cant up the conversion due to the lead time of converting from UC to UM is about 12 months. We have enough UC to 200 GWH but as we only converting 6GWH per month that means that everything we have signed up wont be converted for 11 months. How can we increase sales when we cant convert for nearly a year? Good question to ask at AGM, how can we increase conversions?