Ann: Capital Raising and Strategic Stake Expands Growth Strategy, page-30

NOV FY21 revenue will be circa $17.3M.

$17.3M x 50% YOY growth = $26M FY22 revenue forecast.

RKN has $75.6M revenue x 19.9% = $15M indirectly NOV revenue + $26M FY22 = $41M NOV revenue direct/indirect / $17.3M FY21 = +137% YOY revenue growth.

More acquisitions are planned & I think NOV will look to acquire RKN's entire Business Group only generating about 50% of the total RKN revenue & has over 100,000 customers. Will require the 19.9% stake increased to about 50% for about $33M to acquire the remaining 30%.

Acquiring RKN's Business Group with $38.5M revenue + $26M FY22 NOV = $64.5M pro forma FY22 consolidated revenue. This would equate to YOY revenue growth of 272.8%. The $19.7M EBITDA generated by RKN's Business Group will result in NOV being cashflow positive.

Many combinations here for Peter Cook to ignite the revenue afterburners.