Ann: Appendix 4C - Quarterly Report with commentary, page-116

Like I mentioned in my Its Over thread, if the acquisition is unrelated to its current core business, its an implicit acknowledgement that the Ohm business model wont get traction or getting anywhere (in other words, failed) although they wont put it that way. Just like IoT did away with their drone business (they went into cryptocurrency and their drones were also distributed by Ingram Micro ).

Somewhere bolt-on acquisitions were not well regarded in ASX- I can pick examples, e.g Catapult (CAT) , Big Tin Can (BTH) amongst others. But should be interesting to see if they are related to core or not. Not only is an unrelated acquisition an implicit acknowledgement of poor outlook for future of current business model , so we need to do something different, acquisitions could either (a) drain the remaining $15m cash reserves or (b) dilute shareholders further with share issues to pay for the acquisition. Acquisition may provide management with the revenues to win over criticism , so called 'accretive' but comes at the expense of dilution. Weebit Nano is a good guess but does it involve related party transaction?