Ann: Conference Call Questions & Answers, page-3

BB, if you're serious to benefit the existing holders in this SPP, raise at 20 cents and initially offer each holder to buy $25,000 max, plus free attaching oppie for each share at 40 cents expiring in 2 years. Plus an option to buy more if there is a shortfall. You conducted the teleconference as an opportunity to sell the SPP with zero impact. Don't get angry when existing holders are not supporting it at the current price. Don't insult us by offering it to instos at 15 cents. You need the money. Try harder mate.

When the success of the SPP is at a critical time, BB had the opportunity to convince the attendees to buy in. But what we get are amateurish answers and flimsy information. This company has one of the lowest quality of financial acumen.

Question: Having raised $7 million via a two tranche Placement in December/January 2017, it was a surprise new capital requirements were needed, why was an SPP undertaken now?

Answer to 1st question, in part: • We wanted to give existing shareholders the opportunity to participate in a discounted share price prior to company milestones being achieved and the news being released. >>>>>How is this possible now, LBT went to the conferences without any meaningful and concrete takeaway. this ramping up is not working. The current SP is currently 12% below the SPP. We need decisiveness. We don't want you to plan with the next quarter in mind. You demonstrated again just how class is lacking. You gave away 40 cents discount in the previous CR to your mates and yourselves totally ignoring the hurting holders, and you come back with another slap in the face by not offering free oppies. How is this fair?

Answer to 1st question, in part:
* In addition, there are important milestones that have been achieved and spoken about in the presentation, along with other identified targets that are expected over coming months. 
>>>>>the ramping is not working. The current SP is currently 12% below the SPP.

Question: What happens if the SPP doesn’t raise the full $3 million?

1. • Our approach is to close out the SPP as planned. We will aim to lodge the June Quarter 2017 Appendix 4C in early July to give all stakeholders an opportunity to review current cash at bank and estimated cash outflows for the next quarter (July, August, September). >>>>>>nope, you don't plan cash flows by the quarter mate. You obviously don't have a decisive plan. You have a big project to roll out, you need capital. Tell us how many machines you're going to roll out in the next 6-12 months, how much each machine will cost and tell us how much is needed to achieve them. Then people will support the SPP.
     
     
   • We have and will continue to look at ways to maximise our cash position over coming months, with various options available. >>>>>>>>>you lost the plot entirely. You cannot raise money by saving on stationery and janitorial services.You have a big project to roll out, you need capital. Tell us how many machines you're going to roll out in the next 6-12 months, how much each machine will cost and tell us how much is needed how to achieve them. Then people will support the SPP.
     
     'Nough said...