XPE Lounge, page-38

I have always been a buy. Great game changing technology. Wouldn't say my confidence in the way things are being run has been improved. A couple of things cleared up, but not to my complete satisfaction.

For investors 2.0 buying now, I think that "when people are fearful, I get greedy" is the message of the moment. Having an option to buy at 2 cents is a potential huge Capital Raiser to ensure no further CRs are ever required. A couple more major deals and in six months SP could be back at 3 cents.

Those who benefit are those buying now, L1 Capital, the Directors buying with 20 percent discount and the new sophs or cornerstone investor likewise 20 percent off. The big losers are Investors 1.0 who bought at 4, 5 or 6 cents, and those who parted with further funds to participate in the SPP at 3.3 cents. With the dilution of the next options etc, it will be a LONG time, for the SP to get back to those levels. Management has to get its credibility back first...