Ann: Appendix 4C and Activity Report, page-12

Interesting statement you make about the contractors for gov rollout, thanks. If you don’t mind me asking, has this been spoken about at AGM, or similar company announcement, or is this information from staff?

I have reflected a couple times on how difficult it is to understand the underlying business cash generation because of high implementation costs, and that these capex implementation costs are all summed up in Admin and Corp costs. The company in my mind need to break these out in reports or the 4C so that people can see the underlying cashflow prior to implementation… though given the company has not shown this, I get the feeling they may not want to…

it’s now trading at 50% discount to the April covid lows (around 6c), which in many ways is appealing based on the A$4-5M SaaS revenue.