Ann: Algae.Tec Funding and Operational Update, page-24

i love hearing what the bears have to say. Some people will just never be happy with a company, whether it be for personal grudge reasons, or because they were burnt before.

I have chuckle every now and then at the fact that they continue to mention that AEB never meet their promises ra ra ra, yet while Mal has been at the helm they have delivered more in the last 6 months then they probably ever have. While there may have been times before when the company was unable to hit specific targets and fluffed up announcements, every MC thing that AEB has announced has been acted upon and worked towards proactively. You cannot expect a company to have revenues from projects that have really came into fruition only the last 6 months. The reliance deal will bring revenues, and the gencor offtake should supply a substantial increase to revenues; in terms of the MC stuff, that is all still very new and the first crop has not even been harvested so theres no way revenues can be expected from that. With all that being said the real excitement is in the future,. while the company continues to make the right investments and expand its reach into the MC space, AEB is still the cheapest entry into the market. Keep in mind that they still have not announced the approval of the marijuana licence they have applied for too, which will be a another tick off the list and another kick up for the share price.

With reference to the management, do you guys realize that Peter Hatful has actually stepped down? Mal has taken the reigns and is doing a great job. I have seen very little activity from Peter other then the occasional signature, so for you to continue to outline him as a current detriment to the company is pretty stupid. With regards to Earl, while he has a management position and a large shareholding in the company, this is due to fact that the original LED algae technology is his. I would say he has very little say and input over any other realms of the business IE marijuana and aqua culture.

With regards to the capital raisings - the company has outlined the use of funds in each announcement everytime they have raised money. Theres an old saying in business."you need to spend money to make money" and this is especially true when a company makes a substantial pivot in business operations like it did with the marijuana investments into Uruguay.

On a different note i welcome all newcomers to the AEB thread and its good to see the company finally get a bit of traction and some recognition for the great stuff they are doing in the medical marijuana and algae space.