Ann: Company Update, page-99

Bollinger bands getting tighter. This is similar to early November 2020 & I think SP will go sideways for 3 months = mid September. Makes sense for SP to start moving again mid September in anticipation of 4C in October. Good 4C in October should result in another SP run most likely for a few months. I may be wrong & June numbers could be strong causing a small SP run.

Be mindful that the Q4 2021 4C released after the Company Update will be terrible. There will be a large cash burn due to incentives such as free delivery, free storage & vouchers.

A left field surprise by DT could change everything. The launch of B2C via Ebay, Amazon & Vivino along with B2B launch in other cities should keep the ship steady until Q1 2022 4C.

If the chart forms another cup the closing peak was 19.5c & 9c bottom = 10.5c difference + 19.5c = 30c SP target. Maybe by mid November.

Have to be patient like October - February. Block out all the noise & disregard daily pips up/down.