Ann: Response to ASX Appendix 4C Query, page-58

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ciroc

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22/11/19

10:31

Post #: 41573067
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Originally posted by wolffboon: ↑

To be honest, I’m still reeling from the possibility that CBA has absorbed Intiger’s software and us shareholders have got nothing in return.

I spent 3 years racking my brains how a deal could be done with a Tier 1 company in the event that Intiger had ‘the golden ticket’ (game changing software). The only solution I had was one where the tail was left wagging the dog (Intiger wagging CBA).

I smell a rat. Something is not right.

- All the signs were positive in the build up to 31st May.
- The pilot was extended
- The pilot was successful (“all stringent targets met as laid out by CBA”).
- No reason given why CBA didn’t sign Intiger on.
- Banks have shed jobs in anticipation of AI and all banks are looking for AI solutions.
- CBA announced a continuation of their FP practice in the months leading up to May 31, which coincided nicely with the pilot.
- The strange transfer of GJ from CBA to Intiger which didn’t really make sense at the time, then he slinks off.
- The overly confident declaration of “no deal” at the end of the pilot. Where were the ‘talks are continuing’...’maybe in coming months’ statements? Nah, we got a big fat full stop which seemed too forthright.
- No other CBA pilots for AI FP software (to my knowledge).
- No communication from GJ. Zero.
- A peculiar salary raise for PC which makes no sense given the tumbling share price and lack of success of Intiger.
- I cannot accept CBA have no AI solution for their failing FP arms.
- Whilst I don’t take the board’s comments for granted, I cannot see how very high demand, queues out of the door, ‘product speaks for itself and no need to market it’ equates to almost zero uptake of the product.
- GJ LinkedIn profile was scrubbed. Any valid reason for this?

Things don’t add up for me.

WB

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I don’t believe the big CBA stealing the software conspiracy theory.. My opinion is that the service just wasn’t what they are looking for.

I heard through the grapevine when the CBA deal was still on the cards that it was taking CBA employees longer to use the service then just doing SOA’s manually.

Another reason I think the service isn’t that good is because they have had trials with other entities and none of them have taken it up.

IAM Price at posting: 0.1¢ Sentiment: None Disclosure: Not Held
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