Anteotech 2023 Webinar - David Radford, page-38

In a nutshell, you know a company has significantly changed when:

• you move from only ever talking about the 'science' to no longer being able to talk about the science, because that information is now our commercial leverage.
• you no longer have 'casual collaborators', but instead 'formal partners'.
• you don't update shareholders on how the science progerssed, but on how the deals and dollars progress.
• you understand now that shareholders aren't an 'interested' party, they are an 'invested' one.
• you don't just share information for their interest, you engage on how their investment will be used and how they will be rewarded.
• you understand the power of expectation, so you clearly state what to expect with the aim to deliver on it; and
• if you talk in terms of 'time', using words like 'imminent' or 'short term', you understand that people think in the very near future....like weeks.

So, today, compared to 12 months ago was (as they say) chalk and cheese!

To say that today did not signal a clear transformation in the way the company is being managed, would be to deny the obvious for whatever reason some people may have to do so.

There are a handful of shareholders, some on this forum, who I have acknowledged before, who played a part in this change, which may one day also benefit all of us. So, to those shareholders, credit to you, you know who you are, and many thanks.

I do whole-heartedly agree that today does not guarantee success. We did not hear anything today that provides any guarantees, but it does provide a path to what success would look like. I do believe this board and management have listened and responded. They have a plan and they have provided us both the plan and the measures we can use to hold them to account, rather then just relying on the vagaries of the share price fluctuations.

For me, this is the best opportunity we have had in my time here. This kind of management improvement and transformation is all I can reasonably ask for, because I already knew the science was special, that's how I landed here.

So - now I know where my investment is going and what success looks like. I don't have to guess or wonder or assume what they are planning to do with my investment. The rest is now down to Ewan, David, the board and team.

In my view, they have provided the clear plan and the milestones. I need to now accept that or not. If I make the decision to stay invested, then I need to show confidence in the team, just step back, monitor their progress against their plan, and let them do their work from here.

If we can't do that, then we should not stay invested, because in my view it would be the height of hipocrisy to invest in a team and technology, but then fail to support them as a team and individuals who are on our side.

They have my support and my investment, so I'm stayin' to see what happens next.

Good luck everyone.

EB