Ann: AGM Presentation, page-69

Wow, this is certainly one way to twist Peters words.

Peter was asked when is the bank licence coming, he said everything is submitted and they are waiting on APRA.

The following question was " what would happen if novatti doesnt get the bank licence" Peter answered the question with " Our core business is still growing"

He simply answered the question and didnt waffle.

It was black and white , he had just answered the previous questions by stating" we are simply waiting and used the analogy of the visa/mc licence. Those licences were out of novatti's hands and they simply had to wait.

Thank goodness I watched it because the rubbish that is being said on HC would have made me concerned. Peter appeared genuinely positive and there was nothing in the AGM that warranted concern.