Ann: Fidelity Makes Investment in Covata, page-32

Great news with Fidelity coming on the register, it would certainly spark the attention of other fund managers both domestically and internationally. We may also see them look to increase their holding via on market action. It would of been nice to see them acquire their stake at a higher price ($0.25 / $0.30), however the concern around further shares being issued / being sold on market should not be a concern. This would be considered as a long term investment for the manager.

It should certainlly address concerns around the issue to raise capital until at least the end of 2016, however by then the revenue should well and truely be flowing through.

Congrats to Trent and the team in securing such a quality investor to the company, this is no small feat. I look forward to many more positive announcements to flow and an exciting 2016!