2020 BRN Discussion, page-15811

Monday reality check:

1. There will be a quarterly announcement.
2. It will be marked as price sensitive because they always are marked that way by the ASX.
3. This announcement will be approved for release by the Board of Directors as required by regulation.
4. The latest Board member a merchant banker with a full understanding of her legal obligations and the ramifications of signing off on something in the quarterly she knows not to be true will be one of the Board members signing off on the quarterly.

I do not expect that suddenly the company will have permission from any or all of the companies they are dealing with under NDA's to release their details or any other information which will potentially affect their first mover advantage in their particular markets just because I would like to know.

I will be more than satisfied if in the quarterly I receive binding confirmation of the following:

a. The financial position of the company following the recent put call option, LDA option exercise and the employee incentive option exercise.

Why? Because this will secure the companies future until at least the end of 2021 against the background of there still being more funds available through the put call and the balance of LDA options.

b. Confirmation of all the matters stated by the CEO in his recent presentation around the likelihood of commercial deals being announced late 2020 early 2021.

Why? Because this will mean that the Board including our merchant banker agree with his assessment.

My opinion only DYOR.