Today's Performance, page-84

I did not say that they should cover Australia nor did I suggest that.

I am merely stating that from my understanding:

1. SAS is not an Australian company. It is a fully foreign company based in the UK with no operation in Australia other than listing in the ASX for capital raising purposes. Backdoor listing no less.

2. It is run almost entirely by Israeli nationals that according to Hunterr own no residential address in Australia. I might even guess that they do not own any personal assets at all in Australia.

3. Its current business model suggest that it is highly improbable that it would ever employ any Australians let alone pay a single cent of tax in Australia. If I remember correctly they recently were looking for a software person in poland and hired an israeli as [Launch manager?].

4. It is also highly unlikely that SAS current business model would both indirectly or directly contribute to the Australian economy in a real and significant form.

That is all I am saying. Whether or not they would expand their constellation to Australia and thus open a subsidiary in Australia is looking unreasonably too distant.

By that measure then SAS would be no different in comparison to if, hypothetically, that Chinese company that they just announced MOU with would list in ASX to do capital raisings here. One would just have to switch Israeli with Chinese and UK with China.