General Discussion, page-5

There was a drop in the share price with a little under $30k of shares sold. This followed a drop of something like 30% as a result of something like $5k of shares sold.

The thing to remember is that this is falling on very low volume and will raise again quickly with good news.

That being said, it isn't' a good look and I'm sure shareholders are a bit disappointed.

The next catalyst for a share price rise is one of two things: (i) a formal contract with Codi to supply nonwoven fabric for manufacture into wipes or (ii) a formal agreement with a fabric manufacturer to manufacture Nullarbor fibre.

The former is likely to have a greater sustained impact upon the share price as this will include projected revenues. It has been about four months since NC6 signed the cooperation agreement with Codi. I have no idea how much longer we will have to wait for Codi to run their tests and do their due diligence. It wouldn't surprise me if we hear something in the first half of next year.

The latter is something we have been waiting on for a very long time. To be honest, the company has done a rubbish job keeping shareholders informed about progress in this area. There were indications that this would have been finalised along time ago, and I have absolutely no idea how long it will take for this come to fruition. This will result in a price spike and then a fall back to down to levels above where the spike first commenced from.

I will be honest, the company was deceptive to shareholders about how quickly commercialisation would advance. I'm a bit disappointed. but I still feel that there is a profit to be made here.