Ann: Appendix 4C and Quarterly Activities Report, page-249

Good morning,

My view re the search for a new CEO.

I think that the company has their man/woman already, the time line mentioned by Peter a few times publicly already, suggests to me at least that, this person is either legally locked into some sort of prior commitment or the "chosen one" is having a well earned break, and will be nice and fresh, come 1 January 2022.

Not a bad theory

With regards today's 4C, I have to admit, I had completely forgotten about it, with all that's been going on recently for me, but on reading the document, my views are.

1. What did you all really expect ?

2. The outgoings are all accounted for, and very much in line with what the trend has been telling us for the last 12/18 months.

3. Has our completed Akida chip (production batch) been handed over to the EAP's yet ?...obviously not.

4. The revenue figure for the reported quarter, is within the range I had guesstimated privately.

5. As at 31 December 2021, I'd expect around 12Million USD to be still on hand.

6. Around 29 January 2022 when the 4C will be due, I'd be expecting to see a positive cashflow start to come into the company's bank account.

7. Q1 2022, I'd expect that the company has turned the corner, with a strengthening sea breeze slowly turning into a gale force show stopper as the 2022 year unfolds...all this wind from behind us of course

Tech x