Ann: Appendix 3Y - Paul Benhaim, page-24

So, what would happen if the share price went up, they sold the shares and the price went up again and PB now wanted them back? It's collateral so PB can refinance the loan and takes his shares back. First Equities would have to buy back at a loss to give to PB? That does not make sense.

I read the original news and look at 8.1 million shares sold at about the average of 14.8c. It looks like PB dumped the shares in Aug-Sep where every bounce was sold off quickly. Now, the volume is very small as he has stopped selling. He could have sold earlier when the share price was wild between 25c - 70c. So, I don't quite understand that bit. Then he borrows from First Equities using 17 million shares as collateral rather than selling them. I think this is to stay with his promise not to sell more than 20% of his shares this year.I think the real business is now mainly based on skincare products in US, EU and hemp foods in Australia (still losing money). This is disclosed by Oliver Horn in one of his interviews. Does anyone know the break-down of sales? I did not see in any of the reports about how much they get from CBD business and how much from skincare products.

Anyway, it's hard to go over 16c again and stay up knowing that PB dumped the shares around 14.8c. However, I think when pump&dump happens, it could jump over 16c for a short time. It happened before with 50% - 100% pop over a few days. If it happens again, I will unload the shares I got between 15c-19c. I think the short term risk is low as the current share price reflects the condition of the business.