Ann: $1.4m Share Placement, page-6

Ok so here are the takeaways:

- Institutional investors involved: Good but not exceptional considering the low amount of money involved
- Focus on Meluka: Good as well as it will be the main moneymaker in the future
- Commercial development in Australia (a lot of people were clamoring for it) and USA/Japan: Good as both the largest potential markets at the moment.

$1.4 million sounds a bit low though in that including cash in bank as at 31/12/2021 ($941k) and unused loan facility ($475k) the company winds up with $2.816 million which roughly gives us 3 quarters at $967k per quarter...

We're kicking the can but they will have to make a serious effort to obtain the results needed!

Also $0.003 is not an all time low as we have reached that figure before but it is definitely not encouraging