General Discussion, page-87

AssetOwl (AO1) Risk Checks

Are revenue and earnings forecast to grow? Earnings have declined by 12.3% per year over past 5 years

Are they in a good financial position? Has less than 1 year of cash runway

Have shareholders been diluted over the past year? Shareholders have been substantially diluted in the past year

Do they have meaningful levels of revenue? Makes less than USD$1m in revenue (A$16K)

Do they have a meaningful market capitalization? Does not have a meaningful market cap (A$4M)

Is their share price liquid and stable? Highly volatile share price over past 3 months

Is their dividend sustainable? They do not pay a dividend

Do they have sufficient financial data available? At least 3 years of financial data is available

Are there any concerning recent events? No concerning events detected

Are they forecast to achieve profitability? Insufficient data

Do they have high quality earnings? Unprofitable so not applicable

Have profit margins improved over the past year? Insufficient data or unprofitable

Has there been substantial insider selling in the past 3 months?