Ann: Huge education sales growth and Insights strong early signs, page-14

Hi Tricky

I don’t invest based on TA but respect the many that do.

With the QTRLY cash flow report out next week and the half year results to follow in February, suspect we will be in a better position to identify one or more likely inflection points. Thus far, the narrative on scaling has been encouraging. Once, we have the update on OPEX, likely extrapolations should be easier to assess.

IMO, FZO are one of those classic examples if you invest too early, you may suffer that prolonged period where the SP languishes. I am invested and now looking for that one opportunity to double down. All about timing it to avoid a low return scenario.

Other niggle revolves around whether their technology can stand the test of time in the face of competition. Needs to be closely monitored.

Rokewa