Ann: Quarterly Activities and Cashflow Report, page-72

I acknowledge that the current sentiment is low and that is reflected in the share price.

Just to clarify, the current quarter has seen our revenue expand from 1 tier 1 client to 4. This is a huge positive.

In addition, the Zenvia acquisition gives us access to 200m plus mobile users in Brazil.

Smart 50m subscribers - Roamfree/ International Traveller is disruptive and relevant in today’s world. This is live.

Vodacom 100m subscribers - majority owned by Vodafone. Opportunity to expand the current relationship

Tata 1,600 telcos - 25% of the worlds internet traffic travels through their infrastructure

Revenue will be north of $12m pa and increasing

Cash is currently $2.8m

I would say the current risk reward profile is appealing.