Ann: FY2020 Results Presentation, page-22

Alternatively, if you sold $500,000 in shoes in year 1. $3.5 million in shoes in year 2. $5.5 million in shoes in year 3 - and you were developing close working relationships with all the biggest shoe wholesalers the world over - you would be the envy of all the shoe makers the world over.

The problem, if there is one, is not, and never has been Droneshield. The problem is the lack of immediate threat.

I don't want to pay for home insurance until I accept the risk that there could be a fire. There is simply a lack of fire.

My main question coming out of the Annual Report - will the counter-drone industry really be worth circa $6 billion a year by 2026?

My guess for DRO - price and contracts will only surge upon a large fire, or series of fires - unfortunately. Such is human nature.

SK.