Latest update from Leslie, page-27

Thanks Sir

I am not losing sleep at all over recent share price doldrums. When you look at the team at IMU, they are
very professional and have some amazing back stories themselves so there are layers of cred here. And perhaps as Super points out - PH could very well be the weakest link in the team - so if so - we are doing quite nicely in terms of expertise.

Interesting that you had written off IMU in the early days. I came across the company as the VLA deal was
progressing this year. It does seem like an incredulous thing what all the science could leading to. I have to be very hopeful that things do indeed chug along in phase 2. I have acrued quite a large sum of my holdings on this and of course, I therefore have a huge bias. Fingers crossed though. It would be good to know this Aussie
company was so instrumental in changing the lives of many. It's possible. There are other examples.....

All the best


GB