Ann: Half Yearly Report and Accounts, page-20

Martin, it is hard to say what is the reason for a price decline when there are three factors.

One is the failure of the bond market sale that spooked investors overnight, the second is the release of the half-yearly report that reiterates the last quarterly, and the third is the change to the Company Secretary, so what was the news here that spooked people?

Honestly I have no idea which one of these impacted our price today, and to be frank, I don't care. The business has identified a clear objective to achieve the delivery of a replacement for chatbot technology and they have signed up partners to deliver on that objective.

With sufficient cash runway and careful cost control Crowd are well set up to be able to deliver on that goal and to be first to market with a workable talking head. This then opens doors to buy-outs or joint ventures that can be extremely profitable for all involved and I get the feeling that you are on the same page.

Have a good evening.