Ann: Executive Restructure, page-24

Morning everyone!!

Based on my & other posts around 8 July when we received the numbers in the "flash financials", I am personally expecting a nett cash outgoings figure of around $920k in this K2F 4C report.

This will obviously include some costs associated with the Decipher acquisition - which should drive some significant revenue increases for K2F over the next few years.

Despite record invoicing, this $920k number (if correct) would be the highest nett outgoings figure since I have been keeping records (Dec 2018 quarter) - which would explain some of the downwards share price movement recently.

However, they have a stack of money in the bank (around $7m), they are "playing" in an increasingly important area, they now own a great suite of products (some of which command the big $ value contracts we have been looking for) - and they have now built a very talented management & staff team.

Plus they have openly stated their goal of $20m in revenue within a couple of years.

I keep coming back to those approximately 70 cent options that were granted last year - to Canary Capital I think? Canary would know this business better than anyone.

So I would be extremely surprised if K2F wasn't a big success going forward - but this last 4C might just be "1 step backwards to go 2 steps forwards"