Ann: Alcidion Appendix 4C - quarterly, page-19

I don't blame you for feeling disillusioned with the company and the current share price.

I too have felt disillusioned every now and then with the yo-yo price movements.

However, I keep revisiting my investment thesis to remind myself of why I chose to invest big time into alc in the first place. I might be biased but I really think that the company has never been in a better state fundamentally.

I also keep revisiting my notes from the last agm which I have shared with my fellow shareholders here. Everything the directors said to me reinforces the fact that CY2018 is the year for the company where it moves from R&D to commercialisation, engaging more with institutional shareholders and etc.

The company knew exactly what they need to do and have acquire the necessary skills set (via new directors and additional sales staff) accordingly. Both Ray and Malcolm holds a huge chunk of shares and I have no reason to believe their interests do not align to ours.

As disappointed I am with the share price so far, we are still in Jan and CY 2018 still has another 11 months to play out. To be fair to the management, most relevant people (e.g. institutional fund managers and etc) were still on leave until mid-Jan.

The potential in alc is, in my humble opinion, very real. Accordingly, in the spirit of my long-term outlook on alc, i'm happy to move past the current yo-yo share price movement.