Ann: Investor Presentation, page-43

The share price jump back then was driven by two factors that have since changed:

1. Redflow's strategy at that stage included a strong push into the general retail energy consumer market.  That strategy now includes a much more narrowly defined off-grid and supply-guarantee market, which will be less emotionally driven by isolated events like the recent one in Victoria.
2. Back then we believed we were backed by a mature manufacturing facility that would be able to pump out shiploads of batteries if we had the demand for it.  We now have a much more realistic understanding of our capabilities.