Ann: Appendix 4C - quarterly, page-10

My sentiment echoes everyone else's. I was expecting revenue and it is disappointing to see zero receipts. However I note that Rafaella, Kleos, and Geocrystal have not listed yet, and Metals457 no longer intends to list (my research suggests that the capital was returned to investors). Im not sure about SOAR. The fact that there is zero revenue says to me that receipt is likely delayed until a future event (such as listing) as you would expect some (even if a minuscule amount) revenue to show if this was not the case. Good to hear that Paidbycoins is confirmed as a go ahead - I was getting slightly concerned at the lack of news there. Cash burn is still low, but I note it increases next month (with the additional amount on R&D) which suggests they are starting to ramp up finalising the ecosystem. Onwards and upwards.