Ann: Letter to Shareholders, page-40

Dear Michelle
Thank you for your letter to shareholders released to the ASX today. It is a most welcome essay, succinctly written, clear and to the point.

Please try to continue such communications in 2019 with regular newsletters between the mandated ASX quarterly reports.

Perhaps with the newfound cash we have, you could employ a journalist to write some newsletters for shareholders with photographs of the laboratory, the personnel and trivia to keep up morale.
Shareholders can be fickle. Please drip-feed them with information to maintain their confidence in your efforts.

I wish you and the Biotron team a merry xmas and best wishes for 2019.

A shareholder