Ann: December Quarterly Report & Appendix 4C, page-12

Guys, I feel the quarterly report is not too bad yet the pop to 25c was so short-lived and it sold off to 19.5c today. This was a bit steep considering a decent view of the future. The roughly 300K loss for the Dec quarter would probably narrow further in 1st quarter 2019. They have 8M in cash to continue the investment so there is no near term risk even if they don't break even by end of this year.

Who would sell at 19.5c? The volume was higher than normal too on a day where the general market went up strongly. They lost money for 2 quarters already. It would be hard for this quarter and the next to generate enough profit to make up for the losses. I guess people sold because they thought the promise of break even FY2019 would not eventuate.

At 20c, this was like the share price around the 1st 3 days of IPO when it first went pubic. This is way below the 45c that many paid during the capital raising. Any way, I bought some more shares at 19.5c. If their promise of break even for FY 2019 eventuates, the share price will jump otherwise it would not go down much more?