Ann: Appendix 4D & Financial Statements, page-15

I agree with you 100% and I think your prior statement is spot on.

However I think there is too much risk buying now. Without the government hand out this business would be dead in the water.

However, it does have them so that is largely irrelevant.

It has bought some extra run way and the cash position is OK. However, it all hinges on the Philips deal and government intervention. I would rather buy at 12c with the Philips deal penned rather than 5c today.

Covid aside $50K and a drop fo 2/3rds of DTC revenue is shocking.

It's Philips or bust unless something remarkable happens and product development ain't going to be it.

Having done a little bit of work with aged care this year, they are only spending money on 2 things. Ways to increase income streams and large scale opex reduction. will PCK get into the top 3 priorities without being part of a transformation project with someone like Philips, very doubtful?