Ann: Appendix 4G and Corporate Governance Statement, page-2

Wow all that amazing growth and improvements in business- delivered yet another capital destruction in 24



the great pivot has drastically increased negative working capital position - mega loss again- huge liability increases and reductions in cash and equiv

directors executive fees are just over 40 percent of sales, 2 executive cut salaries but still make up approx 661 of the 823 at current drop from 250 usd to 225

since cut off date a raft of restructure trying to bring that nice negative equity figure under control- which increased from minus approx 4.49m to minus 7.83m

and when you consider you can buy hi res mini wifi cameras now for 10 aud the entire fish and chip shop hi teck security business model is certainly facing a material uncertainty-

lucky it has some imo blind customers willing to still fork out subscription fees when they could get a product for next to nothing compared to what scout offers

will be in wilderness I guess for a little while longer to prove itself worth of coming back on the board no matter what cashflows the directors draw up with their belief that accounts should be drawn up on a going concern basis

maybe a pivot to ai is required, because the product won’t ever succeed long term imo

survived longer than robo and nuh - but imo will go the same way as it’s them as it continues to be a capital destruction unit