Investor Update, page-129

I really don’t understand the requirement for CR mil7.5.

Some mention the value of negotiating from a position of strength, is supported by cash in the bank.

I believe Joe has the range of Anteo IP comprehensively secured within an array of patents granted or well advanced in the applicable manufacturing regions. Our Chairman, CEO and long serving Board Director Geoff have all assured me that reverse engineering for our secret sauce is very difficult.

Rather than a pile of cash in the Bank, I have the impression Anteo is able to negotiated from a position of I.P. Strength. Cash flow expectation from telegraphed POC action, together with hopeful “upfronts” in energy indicate mil$7.5 is a well over the top estimation of the Anteo need at this point of time. GLTA