Ann: ASX Waiver and Variation of Incentives-XPE.AX, page-126

Hi Juronomo, okay firstly the barstool comment was originally aimed at people like me who sit on a stool in the bar and complain about how management are inexperienced and claim that they could do a better job themselves - in this case our first time CEO is very inexperienced.

You're right about the Telink deal not amounting to anything yet but that didn't stop us from being hopeful SHs! The reality is we haven't even got the ADRC system to work on the Telink chips yet and there is yet to be an announcement to say that we have successfully ported the firmware/software or whatever the IT workers call it. They even had to amend the website because there was a false claim that they had got it working. People on here will jump to the fact that Xped promised that Tier 1 Telink customers were very interested in the ADRC technology......but again doesn't mean anything unless we got it working. In addition, Telink have asked us specifically to try to develop Bluetooth Low Energy compatibility into the ADRC platform likely because the Tier 1 customers want/need this. In conclusion we are waiting to hear from management on the progress here. Rather than focusing on this very important milestone we are buying companies.....but why would we do that? Probably, to get our revenue up to make it look like the company is successful and we can give ourselves bonuses. Who cares what the SP is doing because according to management, it is not a true performance of the health of the company pfft. Bunch of amateurs.