Ann: December 2022 Quarterly Activities Report and Appendix 4C, page-4

A solid improvement in the quarterly. A few nice nibbles of volume this week very little volume on the supply side.

Another $700k financed and still alluding to a large facility to fund the 100 ordered cars and beyond. That facility being secured and the size of it will be the catalyst for a re rate I believe. I think it may be in the order of $3-5 million given the $1.5m got us 65 cars so we must be looking at $2-$3m to fund the 100 plus.

A large facility will lay the tracks for solid growth and that in turn may be enough to get us over 6 cents and into option conversion territory.

A 10 cent share price gives a market cap of around $20m which is potentially very fair for a business with a fleet of over 300-400 vehicles and the revenue they would generate.

The RaaS video also spoke of sector consolidation which is interesting with Turo launching here earlier this month.