Ann: XTEK Investor Presentation of June 2016-XTE.AX, page-4

Little eagle,

Before one pay any attention to its presentation, I have been waiting for more than a week to see if Kengrove is going to return 700,000 XTE collateral shares. If not, it suggested XTE might have agreed to forfeit the right as part of agreement to terminate the loan agreement. and that is a very high price to pay after giving away initial fees, options etc.

the termination of three years agreement with Kengrove might also mean the schedule of its delivering could drag beyond XTE's original three years plan, as they probably indicated in the latest presentation.

the biggest problem I find with XTE is most board members are over 60s, and all with military background. plan and order can not co-exist with disruption. even with its latest SPP, I am not sure they realize it is such a bad idea, the 12.5% discount is the entirety of its trading range over last two years!!!