Ann: Appendix 4E and Annual Report, page-3

"The Company has sold six LIFSI patents out of the nine LIFSI patents that had previously been acquired for $700,000. The sale will allow the Company to use the funds for current activities."

Current activities must be finding a buyer for the rest of the patents.

"Operating loss after tax was ($5,826,254) representing a 81% increase on FY2018 ($3,217,470)"

So we have Ben-Shabat paying himself $500,000 plus a bonus for the year and his efforts resulted in selling off patents and losing $5,826,254 for the year. Plus the ASX asking him - how is the company going to survive going forwards. Plus the last opportunity for a sale gone up in smoke.

I would suggest from this resume he may be out of his depth in running a public listed company.

Interesting the board accepts this effort as acceptable.