Ann: Private placement, page-60

Just read this morning's announcements.

While no one cares to have their shareholding diluted (and I fully respect anyone's right to take their money off the table if the proposed placement is now beyond their risk profile) I remain confident about JAT's ability to penetrate the Chinese market, and certain that JAT's SP will be significantly higher by the time the CIIE is held in November.

Make no mistake, the CIIE will be huge (and hugely important to our prospects in China). Anyone who has not considered the potential benefits to be rendered by our attendance & participation at this event should take an immediate look at https://www.shanghaiexpo.org.cn/zbh/Introduction/
"HUGE CHINESE MARKET WITH RAPID GROWTH OF CONSUMPTION AND IMPORT

With the world's largest population, China is the second largest economy, as well as the second largest importer and consumer in the world. Now China has entered a new development stage at which consumption keeps increasing, indicating enormous potential for the growth of consumption and import. In the next five years, China is expecting to import products and services valuing more than 10 trillion U.S. dollars, which provides a historic opportunity for enterprises across the world to enter the huge Chinese market."

I for one am pleased at the foresight being displayed by management in providing for 500K worth of 'free promotional products' at the CIIE. This is indicative of the potential volume of business to be gained (i.e. many multiples of 500K, one hopes) rather than frivolous spending at our expense.

That, in conjunction with the proposed (significant) costs to expand IF production capacity and stockpile inventory, are the strongest indicators to date that the business is moving forward, and fast!

This is a rollercoaster stock but the brave will be rewarded - IMO!