Ann: Becoming a substantial holder, page-5

My experience is Consolidations usually cause at least short term price weakness by removing demand (at least from punters).

Also going to be hard to reconcile a $1.50 share price with a $1m a quarter burn rate. Hope they got more than just funding international expansion and investment in Sales and Marketing as stated in the CR presentation .

Most of the early subs have been diluted so they aren't following the new path but to be fair, looking at the Directors purchases, they have at least been consistent. Flynn had about 57m (10m) and Lingard 98m (20m)

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Subs since last Sept - Digital Image diluted 5% and Jaava Asosores 3%

	30/10/2020	Jaava Asesores Integrales S.A.S	6.9%
1	30/10/2020	DIGITAL IMAGING SOLUTIONS S.A.S	10.6%
2	30/10/2020	Perennial Value Management Limited	8.0%
3	30/10/2020	Volegna	Cease
4	9/12/2019	Jaava Asesores Integrales S.A.S	8.71%
5	9/12/2019	DIGITAL IMAGING SOLUTIONS S.A.S	13.4%
6	10/12/2019	Milla Paula Placio	8.8%
7	31/10/2019	Volegna	5.9%
8	31/10/2019	Milla Paula Placio	9.9%
9	31/10/2020	Jaava Asesores IntegralesS.A.S	9.8%
10	31/10/2020	DIGITAL IMAGING SOLUTIONS S.A.	15.0%

History of Directors

	Date	Director	Type	Amount	Price	Value	Notes
1	28/08/2018	Andrew Lilley	Issued	7,000,000	$0.01	$50,000	Prospectus.
2	15/09/2020	Damian Banks	Buy	500,000	$0.04	$19,629	On-market trade.
3	10/09/2020	Damian Banks	Buy	1,609,923	$0.04	$58,020	On-market trade.
4	3/09/2020	Damian Banks	Buy	473,077	$0.04	$18,470	On-market trade.
5	10/08/2020	Damian Banks	Buy	1,706,921	$0.03	$51,431	On-market trade.
6	1/07/2020	Damian Banks	Buy	793,079	$0.03	$23,818	On-market trade.
7	19/06/2020	Damian Banks	Buy	2,417,000	$0.01	$24,170	Off-market trade.
8	6/10/2020	Douglas (Doug) Flynn	Buy	1,000,000	$0.03	$34,040	On-market trade.
9	17/09/2020	Douglas (Doug) Flynn	Buy	1,000,000	$0.04	$38,045	On-market trade.
10	13/08/2020	Douglas (Doug) Flynn	Buy	717,300	$0.03	$20,816	On-market trade.
11	6/08/2020	Douglas (Doug) Flynn	Buy	282,700	$0.03	$8,218	On-market trade.
12	19/06/2020	Douglas (Doug) Flynn	Buy	2,417,000	$0.01	$24,170	Off-market trade.
13	15/06/2020	Douglas (Doug) Flynn	Buy	1,000,000	$0.03	$30,036	On-market trade.
14	26/05/2020	Douglas (Doug) Flynn	Issued	16,666,667	$0.03	$500,000	Issue of securities.
15	26/05/2020	Douglas (Doug) Flynn	Issued	28,000,000	$0.00	$30,440	Issue of options.
16	8/05/2020	Douglas (Doug) Flynn	Buy	4,499,999	$0.03	$135,162	On-market trade.
17	3/04/2020	Douglas (Doug) Flynn	Buy	1,415,800	$0.02	$28,349	On-market trade.
18	14/07/2020	Douglas Lingard	Buy	1,000,000	$0.03	$28,029	On-market trade.
19	19/06/2020	Douglas Lingard	Buy	2,416,000	$0.01	$24,160	Off-market trade.
20	18/06/2020	Douglas Lingard	Buy	1,905,442	$0.03	$55,318	On-market trade.
21	26/05/2020	Douglas Lingard	Issued	16,666,667	$0.03	$500,000	Issue of securities.
22	26/05/2020	Douglas Lingard	Issued	28,000,000	$0.00	$30,440	Issue of options.
23	4/03/2020	Douglas Lingard	Buy	3,408,800	$0.03	$93,944	On-market trade.
24	7/10/2019	Douglas Lingard	Issued	40,000,000	$0.00	$4,000	Issue of securities.
25	10/01/2019	Douglas Lingard	Buy	1,458,759	$0.04	$54,362	On-market trade.
26	4/01/2019	Douglas Lingard	Buy	217,000	$0.03	$6,078	On-market trade.
27	31/12/2018	Douglas Lingard	Buy	1,009,999	$0.03	$26,776	On-market trade.
28	10/12/2018	Douglas Lingard	Issued	2,000,000	$0.03	$56,000	Issue of options.
29	3/03/2020	Howard Digby	Buy	689,655	$0.03	$20,029	On-market trade.
30	9/12/2019	Howard Digby	Issued	1,250,000	$0.04	$50,000	Issue of securities.
31	28/08/2018	Howard Digby	Issued	1,000,000	$0.03	$25,000	Prospectus.
32	28/08/2018	Howard Digby	Issued	5,000,000	$0.03	$125,000	Issue of securities.
33	28/08/2018	Peter Webse	Issued	1,000,000	$0.03	$25,000	Prospectus.
34	25/10/2018	Thomas Pascarella	Issued	4,000,000	$0.03	$132,000	Issue of options.