Ann: AD1 Business Update and Appendix 4C, page-12

Thanks for your response and good to hear your thoughts.

Although they are mostly negative, they are also realistic and mirror my concerns around unfair capital raising, rising costs and just general lack of transparency with shareholders.

I had hopes that the new CEO might bring in improvements in communication and marketing (wasn't this his area of expertise?)

I'm prepared to wait it out and see what comes to fruition.

Almost every company I've given up on has proceeded to kick sand in my face less than 12 months later with massive gains and I do feel like they are on the right path with revenue and diversification.