Ann: Information For Retail Shareholders, page-54

Hi @Pledge,

" If we a short time away from approval, " Noone that I know of - including CEO Itescu - has promised that. Last time I checked, it's a marketing licence issued in the FDA's discretion. But I reckon you knew that.

So, your premise is speculative, but OK let's go with it.

" ...then why is SI not taking his 100% offer and asking for more?.." OK, now this gets a little tougher. Because, you see, we'd have to imagine ourself wearing all the hats of a principal corporate executive, a supporting inventor/ researcher with patent interests, & a top 10 shareholder to boot to answer this one.

Personally, I can't remember the last time I was in the same situation as CEO Itescu. Does he need the shares? Not that I can see. At the AGM he was just overwhelmingly voted back as CEO without voting even 1 of his own shares. Should the company get back to its pre-August 4 2020 share price, I believe his realisable net worth based on his current shareholdings if he were to choose to bailout would be sufficient to keep him in modest luxury by my standards (although I'll admit, perhaps not yours).

But (humour me) let's assume for a moment that he's just another ordinary intensely selfish shareholder, eh? LIke you and me. Well, he might not actually have a spare ~AU$5,000,000 lying around the place, especially after just taking a hit on the cash component of his salary.

No, to me the more interesting question is "why is SI taking any shares in the offer, and why then did he commit to taking and funding in excess of AUD2.5m of his MSB entitlement? "

Let me know when you have some substantiated information to answer that one.

Cheers
GLTAH