Ann: ASX Listing Rule 3.11.2 Notice, page-20

Mate, we're on the same team - I don't know why we're wasting our time arguing about this.

My yard stick for the 'expectations' comes directly from management.

If the share price had met management's (and everyone else's) 'expectations', everyone would have exercised their 5c options in 2021 and the 2022 cap raise wouldn't have been needed. That's my yard stick for these 'expectations', because that's the yard stick management set when offering the 5c options - i.e. they thought that was a fair price to give both value to shareholders and allow for that capital to be raised.

I don't blame management for where the share price is at, but ultimately they need to hold themselves accountable for it because no one else can do anything about it. And discounting their own options is not holding themselves accountable.

Agree 100% that we probably won't care about this in 4 months, but I'm not writing this message in 2023; I'm writing it in 2022 (which goes to my point - perhaps management should have waited a little while to do this, so as to not rub long term holders the wrong way at the wrong time).