Ann: Market Update and Appendix 4C Comment, page-79

I would like to see a revised investor presentation which steps out more clearly the Zoleo global growth plans / opportunity. All they have said is a vague Asia and Europe next.

- So like are they in discussions with European retailers?
- will it be next few months?
- what leads are they gettting off the back of the US outdoor retailer award?
- when will they be restocking Amazon? (He has stated they can scale up manufacturing but is supply an issue short term?)
- the 14 or so smaller aus retailers I have posted on here none have been released to market, they can’t do each one individually but I think as a package there is enough to talk about in a broader distribution update
- I would like to see them setting some decent targets. They should be aiming for 50k units this year and 100k next year. I think they have been so stable for so long with existing business they need to shift to an aggressive growth mindset to seize the opportunity.

I do ask Micheal questions anyway and he’s pretty responsive but it is a better use of his time this week if your going to follow him up I’ll leave these with you. Let us know how u go.