Ann: Interim CFO Appointment, page-22

The interim CFO role appears based on circa valueof ~$320,000 for 6 months [cash & options] that being circa $640K PA on apro rata basis. PLUS his [A$95K 2018] Directors fees! That’s A$370K for 6months? So, if paying an existing director that sort of money for an interimrole, probably is smart to part pay in shares and preserve some of the remaining cashreserves, especially as the Board is predicting trading losses in 2019/20.

When you say "management sending a message" thatwould be the directors who are currently looking for a new management team. RE the shareholders"getting their drift" - to date seems their drift is paying directorsand senior management very generously [by small-cap tech start-up standards] formanaging a company which has lost money in every year ofoperation [ the largest being in 2018], consumed over $100m+ of shareholder'sfunds and approved directors selling down prior to further capital raisings! Surely both the cost base & cash burn rate need tocome down quickly, as, without hitting their Q3&4 targets, any further need to raise capital would be difficult & unpopular at current share price levels.

The Chairman recently stated that "the Board is currently exploring the possibility ofdelivering positive Group free cash flow ahead of FY21". After the years of increasing revenues also achieving increasing losses & the several capital raisings, shareholders would have expected that they had beenworking on exactly this for years. Telling this to we shareholders now with sharesat less than a quarter of their 2016 value and without a CEO or CFO to enact theirplans in time for FY 2019 - seems a tad disingenuous. As Nike’s slogansays - just do it!