Ann: Appendix 4C - quarterly, page-36

It's hard to say, but there are a few hints in the Quarterly, such as:

' Groundwork complete for the first such direct MNO partnership'

and

'Emerge is progressing opportunities with a number of MNOs directly and expects to update
the market in this regard in due course.
Emerge looks forward to an exciting end to FY2020 and reporting on platform statistics and initial
revenue in due course.'

It may be hard to sense much excitement from where we are sitting, given the history and a lot of 'due courses', BUT the current sp is a reflection of all our frustrations and disappointments since the razzmatazz of the float; IMO, it won't take a lot to turn this dead horse around, we haven't had a single piece of good news about commercialisation, or real progress anywhere, since the get go, if and when positive news flows I'm expecting a rapid return to the headlines, popularity and, I hope, previous highs, putting smiles back where at the moment there are only frowns.
B22.