Ann: Suspension from Official Quotation, page-137

Guys,

Posters have been asking 'for many weeks' how the CR was calculated. The data provided in the post was one set of variables we used. Not the only set!

The company was happy, to help answer this repeated question, by giving you a glimpse at one set of variables that were used to calculate the CR based on the then market sentiment with the cannabis industry.

Were there other methods used? Of course!

1)We took advice from our corporate legal team who deal with this type of data on a daily basis.
2)We used a scientific and industry standard approach for calculating a CR.
3)We considered a data range set from previous upper limits based on new Ann releases (as shared in the post).

For transparency, and to help answer this question, we provided one method to answer this poster's question and to show our shareholders/readers that there was no guesswork involved to calculate the CR.

Thanks,

Neil1959
QBL HC rep
QUEENSLAND BAUXITE LIMITED