Ann: Appendix 4E and 2023 Annual Report, page-13

@Tonza Thanks Tonza. Good to read your conviction and confidence in the AXE team and their solid work. Cutting edge tech doesn't attract support in the market as we have seen with AXE. At least not long term support. The lack of a time line, a specific use case, a growth scenario, a revenue projection., a valuation...AXE doesn't suit. Then even on the more technical front it doesn't make it easy for investors to get a handle based on what the current quantum industry is doing. It's a slightly rarer breed of investor who is captured by paradigm shifting technology and wants to take the journey into unknown territory. There can be ups and downs, but AXE has so far shown an upward trajectory with its understanding and execution of quantum tech.

@Mallyrock I agree that quantum takes us back to nature and it's an analog way of computing rather than the digitised packets of much more inferior information that we call modern digital technology. When you start dealing with the ball of energy that the electron is, we have to throw out the idea of discrete bits and bytes that can only have the values 0 and 1 and nothing in-between to the nth decimal place. The ability to address tending to infinite numbers of choices and values vastly expands the computational scale of quantum information. Not something that current everyday technology can grasp, let alone model. Although, for those programming at the software level, the programming commands and syntax can stay the same and be hooked up by another layer of programming to the underlying quantum hardware.