Ann: Appendix 4D & Half Year Report to 31 December 2023 - Amended, page-13

Wouldn't be too surprised if it went under the way its been rung out recently.

Gerry and Luke's current holdings are not substantial when compared to their renumeration, so there is probably very little incentive to not squeeze even more value out of the business through pay.

The CEO's current holdings of around $100k are nothing when his salary and benefits totaled over $1.3 million in 2023. I very much doubt that his remuneration has decreased despite handing back leadership of the APAC business to Gerry. I honestly wouldn't be surprised if, despite recent business performance, the total 2024 remuneration figure increases significantly again. This would mean salaries and employee benefits have likely doubled in the last two years while contracted work has either been flat or decreased.

If father and son were even slightly inclined to think that the business might survive in the future I'd assume they would be buying at these *checks SP chart* 10 year lows.