Ann: Audit update, page-89

I know that, and I tend to agree, if you are putting up the FOR SALE sign when your primary asset is the escrow shares this is likely problematic.

A company owning escrow shares is not a impediment to being bought out, if the primary asset is operating, which in our case it is not.

I think the primary focus of Treadstone is to somehow get the company trading through acquisition or merger.

If in that process Treadstone are approached and someone offers to buy shareholders shares off market NO ONE can stop that occurring. If the offers good enough they could end up with a controlling stake, and drag it out through til escrow.

Let's be honest at the pace things are moving its unlikely anything is going to occur prior to end June, so bang goes having any transaction this Fin year.

That was my preferred but unlikely outcome. If things end up getting wrapped up in 2023/24 Fin year I would be more likely to wait til the escrow period is over.

We should hopefully have some news flow the coming 3 weeks or so.