Investor Presentation Summary, page-817

Here are the facts, please take time to read it's complicated hahaha!

405,477,502 Fully paid ordinary shares

147,462,544 fully paid ordinary shares, escrowed until the date that is two years following the reinstatement to trading of the Company’s securities after completion of the Flamingo acquisition (Flamingo Escrow Date)

40,000,000 fully paid ordinary shares, escrowed until 5 February 2018

2,500,000 fully paid ordinary shares, escrowed until 22 January 2017

=595,440,046 Fully paid ordinary shares on issue

41,680,803 Market Cap @ 7c (undiluted) or EV of about 37.4 Mil @ 7c (undiluted) as 4.2mil cash currently



Plus options (there is a very small number that have an exercise price of over $1 so no included)

25,000,000 options expiring 4/11/2019, exercise price $0.02 each, escrowed until 5 February 2018

50,000,000 options expiring 5/02/2019, exercise price $0.03 each, escrowed until 5 February 2018

6,077,375 options options expiring 3/11/21, exercise price $0.029 each


=676,517,421 total fully paid ordinary shares and options (in the money)

$47,356,219 Market Cap @ 7c (Diluted) or EV of about $40,980,000 as 4.2mil included plus $2,176,000 from exercise of options


Now to add Performance shares

9,999,999 Class A performance rights, escrowed until 5 February 2018

9,999,999 Class B performance rights, escrowed until 5 February 2018

10,000,002 Class C performance rights, escrowed until 5 February 2018

Now these 30 mil performance rights have been reached as this was from the Cre8tek acq, the milestones were a VWAP of 3c, 4c and 5c respectively. Therefore these shares need to counted in the market cap.


64,146,101 Class A performance shares, escrowed until the Flamingo Escrow Date

64,146,096 Class B performance shares, escrowed until the Flamingo Escrow Date

64,146,096 Class C performance shares, escrowed until the Flamingo Escrow Date

29,146,358 Class A performance shares, escrowed until 3 November 2017

29,146,311 Class B performance shares, escrowed until 3 November 2017

29,146,311 Class C performance shares, escrowed until 3 November 2017

Class A Performance Shares will convert into CR8 Shares if Flamingo executes a legally binding master services agreement (MSA) and completes a security audit with a substantial US corporation and either:

that MSA remains valid, binding and enforceable for at least 12 months after its execution; or

the Flamingo Platform technology is applied in another business vertical of the substantial US corporation outside any business unit where the technology is being trialled;

Class B Performance Shares will convert into CR8 Shares if Flamingo achieves $13,000,000 in revenue in any 12 month period within 36 months of completion of the Acquisition; and

Class C Performance Shares will convert into CR8 Shares if Flamingo achieves $28,000,000 in revenue in any 12 month period within 36 months of completion of the Acquisition,

IMO - Class A should be active in May 2017


So with performance shares that have hit milestones from CR8 acq

=706,517,421 shares and options on issue or $49,456,219 MC or about $43 mil EV

Then in May 2017 as Nationwide agreement was signed in May 2016, Class A performance will be reached...

=799,809,880 shares and options on issue or $55,986,692 MC or $49.4 Mil EV

Personally I am working off this as May is only 5 months away!


Then we still have Class B and C performance shares but $13 mil and $28 mil respectively if they get hit it will be happy days for shareholders.


Merry Xmas all!

Cheers

GT