Ann: 2019 AGM Audio Webcast, page-45

Cash burn rate continues to decrease:

"With good profit margins and growing sales, we have good cash flow and a declining cash burn.

"We previously stated that we will break even this year and we are close to that objective."

Additipnal capital only needed if they want to accelerate R&D and be more aggressive on growth:

"There is a lot of discussion among investors on whether there is a need for a capital raising to fund growth.

We do not need new equity for short term working capital because we are confident that new sales and marketing staff can quickly pay for themselves and earn profits. Whether we need additional capital for R&D and for manufacturing expansion is a work in progress."

"Today we have 3 sales people, in Australia (1 this time last year) and 12 sales people in the US (5 last year). You should read this as ‘the best is yet to come’ because most of these new hires are recent. We are confident that a new hire can pay for themselves within months and be significantly value adding within a year."

Everything is going great.