Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-137

The announcement re the appointment of Cannavo to the BOD made it clear the Company wants to expand its sea grapes thing into the Australian market and brought this guy on board due to his capital raising experience and connections in the food production. In his e-mail response to me, Gu mentioned a reason for the delay in getting a deal deal signed was 'lock downs and border closures'. This made me think he's wanting (but presently unable) to get to Victoria to formalise some sort of JV with Cannavo. A CR would be permitted following the upcoming AGM. But who really knows anything with these clowns. All guesswork