Ann: Becoming a substantial holder from NAB, page-200

My feelings of the share price and also my feelings about the company's position are different. I hate being down, however some see this as an opportunity. I do and have bought to lower my average. Despite the speculation I don't think on the back of a 86% gain and our current pipelines we are suddenly going to implode because it's been a bit quiet. It was widely known that one successful quarter would not translate into a recovery of the share price. The market, especially for non CF+ companies at this point is highly cautious. Like many have said, we won't see a positive movement in the share price until we get there. I'm ok to wait, my investment is long term. I don't like it, but that's the reality. I expect another positive quarter and the one after that and the one after that, and the SP will respond at some point. I expect cf+ this quarter or the next. Payments being processed through the DSD may have even begun. I see a 30m plus payment increase unaccounted for in the last quarterly, perhaps this is the start. In November 24 we were told the first successful ecommerce payments had been processed. that statement was a little vague for my liking.
In regards to the 8000, that was in June 2024, or even perhaps earlier. it would be interesting to see the numbers 8 months later and whether or not businesses are coming on board and adding in SS at the same time. Perhaps that's optimistic, but we know CC are pushing it. So I'd agree that 50% of 30,000 appears very unrealistic at this point and I too would like an update. Even at 10%-20% acceptance it's a huge jump in our revenue.

On another note, not that you have said this, but It's interesting speculation that CC are going to invest over 2 years of D&D on top of a 20 year relationship, on top of over 10 million dollars invested, plus their reputation after backing Spenda very publicly with a complete backflip and what drop spenda? simply due to a month of silence and the share price dropping. I find that a little far fetched.

We'll see shortly I'm sure.