Ann: Appendix 4C - quarterly, page-61

Jatcorp did put a caveats on their future revenue projections and based them on these expectations.

"The directors of JAT expect the revenue over the next 3 months to continue at approximately or greater than the levels of February and March 2020 based on the following expectations:

1. Orders being received for JAT’s range of dairy products continue at levels higher than February and March 2020.

2. Sales by Green Forest in March 2020 were $3.6 million, compared to February 2020 of $3.2 million and $1.1 million in January 2020. The directors expect the sales levels to be maintained at the same level with new products developed by Green Forest to be released over the next few months.

3. JAT’s March 2020 revenue included only a minor contribution from the ANMA manufacturing facility due to the construction project and the installation of new machines which was completed in February
2020. The ANMA facility will make a significant contribution to revenue from April 2020 onwards (see details below).

4. JAT continues to receive orders under the Ocker contract (see ASX announcement dated 4 March 2020)"

We now know that Number 1. dairy orders were not delivered in enough quantities. I'm not sure about the rest but I doubt number 4. Ocker original order even got through in shipping let alone more orders.

I agree that the market should have been advised earlier about the cash revenue decline. But really the SP would have gone down twice probably with the attitude of some downers.

This was a cash flow report so it could be possible that inventory increased in the millions as a result of logistics problems.

I look forward to the annual report to answer some of these questions and provide detail on actual profit or loss for the year.

GLTAH DYOR