Ann: Notification regarding unquoted securities - HMD, page-17

that’s the problem with having a third-party involved in your startups start up… they have definitely taken at least 100 devices already maybe more? I’m not sure just how many they have. The contract was for $500k USD when they had taken up all their licenses/devices so I’m tipping that we will see about $100k USD from them with more in the current quarter (reports in 3 months time) and then hopefully the following quarter(next FY) will start to see a bit more revenue. JHC has absolutely used all their licenses plus some more so maybe we will see $100k AUD from them so $170k or so USD plus some Mednax and some miscellaneous Sheba/project Rozana revenue so total of $200k USD for this quarterly… that’s my guess. Upside will be if more e-Lovu licenses have been accrued in the prior quarter and just how many JHC are using. We know that e-Lōvu has been able to get some reimbursement from insurers it’s just a question of how much and that’s a bit opaque.

My belief is that 2023 will be a year of getting as close as we’ve been but maybe just not over the line as we have been hoping. That would then be 2024 as the year of completion of things either good or bad. RHC simply MUST declare their hand in the fairly near future as they are still using something that’s not contractually bound to be turned on and functioning. I can’t see a health player playing like that in a field so ripe for litigation as maternity and remote monitoring thereof. I’m pretty confident that someone will be able to do the math and work out how much JHC has contributed, if RHC likes how it works then maybe they will go for 5 more signings so as to get into each state? That would be a game changing event. If the big site in the USA comes on board then that will be game set and match. e-Lōvu functions on the HeraCARE platform, they can’t just dump HMD or it all falls over for them. Santosh and Noel got an invite to that JP Morgan health week so maybe they have convinced a big hitter that they are the real deal… lots to think about.