advent cr, page-7

Johnno,

really rough as I haven't looked at it for a while.

We know GBA put another $500,000 into Advent around June. I reckon they paid 50 cents, we know they had just over 9milion before that so dcob figure of 10 million sounds right.

MMR rouhly has 209 million shares fully dillute. We have roughly 18million (options and shares), roughly 8.5%. Say MMR (maintaining it holding in BPH after capital raising) is at 50% of Advent. We get a further 4% this way.

In a previous announcements, I think we go to 7.6% after the capital raise. Then we have some BPH. I will leave this out as there are some director options in Advent itself.

So this is why I work on a rough 10% of Advent, subject to the BPH capital raise. This is all from memory so might be a bit out.

Cheers