T20 IBX, page-35

Mani, by my simplistic reckoning, I see very little difference in the T20 holdings when we compare today's
list to your December 2021 list. With all the implied near-term uncertainty that I read on these threads, I'm
very happy to see that the top end of the register remains relatively unchanged as reflected by today's
T20 list.

T20 holders control 19.4% of the register compared to 18.1% in Dec 2021. It should also be noted that
Bob's holdings remain unchanged. No buying or selling, even though a sell would have attracted a price
somewhere between 7 - 8 cents in Dec 2021.

Anyway, It's hard for some here to escape the feeling that Bob/BoD are skillfully executing a strategy of
willful negligence towards the SP. I've read many conspiracies on these boards recently, bottom line though,
we are grossly undervalued at 3 c. If only we could better view the underlying value. Time will tell.