Ann: Quarterly Update and Appendix 4C, page-40

I made a table to explain what I mean, and so that it doesn't look like I'm just making this stuff up. The table below takes information from the last four quarterly reports, and shows the proportion of receipts from customers paid out to directors (as shown in box 6.1 on each 4C).

In short, the board extracted 77% of all monies received from customers in 2019. No wonder they keep running out of money!

	Quarter	Receipts from Customers	Director Payments	% Extracted by the board
1	Mar-19	$121,000	$552,000	456%
2	Jun-19	$591,000	$561,000	95%
3	Sep-19	$754,000	$388,000	51%
4	Dec-19	$1,368,000	$677,000	49%
5	2019 Totals	$2,834,000	$2,178,000	77%