Ann: Response to ASX Appendix 4C Query, page-14

Yes. All must take responsibility to varying degrees but primarily the ceo. Only he was granted 10M options which is a reflection of who takes the credit and the spoils when things go well.

I have personally spoken to all senior management past and present. All pushed back on many decisions of the CEO to no avail. He was allowed to get away with far too much by a too compliant board imo. That is why we are in the state we're in.

Fancy spending over $1M per month with no significant revenue in sight.

I failed maths at school but even I simply divided cash at bank by $1m and concluded we would be broke soon. It ain't rocket science.