Ann: Change of Director's Interest Notice, page-11

This is a very interesting purchase.

Ron hardly needs another 17,000 shares. His 1M shares and 2M options are worth close to $8M at today's prices - with much more value to come.

I take a cue from his recent Linkedin post, in response to the BEST-MSU results that 'EMV is absolutely on the right track'.

I think those results, together with the MRFF $8m grant outcome, has prompted him to look at the share price and say to himself that the price is absolutely laughable in the context of recent developments and, therefore, could not help himself from dipping in for a few more.

I would think that because of the BEST-MSU and Berlin results in particular - together with the outstanding pilot trial outcomes and the reality that with the $40M grant, the 'Golden Hour' project is a reality - Ron would be thinking that demand for the EMV's devices is now virtually 'a sure thing' and all he has to do is keep building the team that CAN deliver on that demand.

Thus, an easy target for his 'spare' cash!