Ann: Appendix 4E & Annual Report 2022, page-6

the only thing that really matters in a stock is the market cap. Share price is irrelevant. However, it’s relevant to note the movements here on Ath are approaching -+10% pip moves. That’s never good if one wants to exit or buy as the premium goes up. The problem I foresee for ATH is that liquidity might be low if we have a consolidation of shares. Nonetheless though, it will allow investors to buy at a wider market cap range and that’s one positive, aside from reducing shares on issue.

At this rate with our cash burn and lack of news, this could move down one pip per quarter on average but imo because we are on the wire, the next set of news must rerate and hold price. I have no idea what may cause that but I do wonder when or if this consolidation will happen? Huge gamble this stock and now possibly more bag holders from the last pump- almost down 41% from .021. Thank goodness I was able to sell more than half at .02. Better if it was all and then I wouldn’t care buying back at .013-.014. This strategy of selling pumps and buying cheaper has been the only winning strategy here for years. Hoping at this rate that stamler and kempler are worth their exorbitant salaries!!!