Ann: Appendix 4E & Full Year Statutory Accounts, page-42

Very interesting result for the year. Revenue down a touch due to Covid 19 but 15m Gross profit is up from 7m in 2019. I like to look at GP as it is a simple way of telling if a company is growing and profitable without the fancy and mainpulative accounting BS (like impairments). No increase in consultancy fees and a decrease in directors fees. I need to dig into the report a bit more, but I like what I see from a growth company. The manipulation of the share price is a seperate issue, a 25m MC is absolutely criminal.

A closer look at the top 20 shareholders reveals a few things.

• 6 increased their holdings in a big way.
• 8 didn't sell any.
• 4 are new large shareholders

Crimmins offloaded lots, but still holds around 19m shares.

That proves to me that insiders are not selling but are accumulating at a decent rate. Remember that companies cannot hide what the top 20 (or company insiders if you like) are doing, so ask yourself what do all of these (mainly Chinese) people know that we don't? Why are they buying and not selling..........

What does all that mean? IMO It means that the company is quite happy to keep the share price where it is whilst all of their mates get absolutely filled to the brim before the SP is let go or the company gets taken over, ethical or not. Why do you think they keep impairing losses? Why do you think there is no substantial effort to promote the company? No new website? No investor presentation? No effort to engage brokers or the public. It's not incompetence, it is deliberate.

The reason is that they don't want this to fly.......yet.

All IMO.