Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3

The recent capital raise by issuing 113+ million shares by TTI raises concerns about the company's financial health. While the additional funds may have prevented a "shit position" as mentioned before, there are some key issues highlighted in the company's report.

Revenue Decline: The company acknowledges a 39% year-over-year decline in revenue. This raises questions about the company's ability to generate sustainable income.

Staff Costs: Staff and admin costs were 41% of customer receipts in the first 9 months (which includes current 3 month) but in last 3 month they went up to 62.5% of the customer receipt !.

Questions for Consideration:

1.What is the company's plan to address the decline in revenue?
2. How will the capital raised be used to improve the company's financial position?
3. Are there plans to control or reduce staff costs moving forward?
4. Where is the roadmap to payoff debt? (Currently sit with $8.5m debt)
5. Why have management not changed for such a poor performance even though same person in the role for so long?