Ann: AGM Presentation, page-7

just got back from the meeting. didnt have time to stick around and ask informal questions due to work commitments but it was a positive meeting. John said he was trying to record the presentation so i expect that this will be released to asx platform in due course. about 10-12 people there

There were a couple of formal questions, the first re when they expect to be cashflow positive which was Q3 next year. expect a ramp up of merchant revenue from the tier 1 licensing from feb onwards with the team trying to integrate and onboard as many as possible pre christmas.

one key takeaway from me was that they spent 2018 really getting the platform solid and CY2019 will be about revenue generation.

a question was asked about if they will require capital raising next year. from experience i take all answers to that with a big grain of salt because i think we've all heard the no capital raising needed line only to be met with a capital raising, but Johns response was for current business it should not be required. The only reason he projected a capital raising was if they were to expand into another market like HK where they would require you to raise fresh capital commitments (he added a disclaimer that expansion to HK was not on the radar just an example). plenty on their plate with EU and AU.

i'm sure a couple of others were lurking and had time to stay and ask informal questions.