Ann: Notice of Extraordinary General Meeting/Proxy Form, page-2

so many quotable quotes

It is generally recognised that the future of cannabis growing is going to be in indoor
controlled environments for quality control, risk mitigation and cost control. These are all
areas in which Algae.Tec has experience and that can be utilised in a strategic
relationship with a cannabis partner.

and

Algae.Tec developed its own solar collection system
along with the LED light panels. This was necessary to enable efficient sustainable
production of products and gives significant commercial advantages to any plant
growth in controlled environments. It was originally developed by Algae.Tec as a direct
result of Algae.Tec’s research and development into growing algae for the
development of bio-fuel. Algae.Tec’s original aim in that field was to provide an
artificial climatic growing process that was economically sustainable and viable.


did they ever meet their aim??? "process that was economically sustainable and viable"

then
wow some numbers compared to .... what?

Algae.Tec’s technology (as discussed in Section 1.7 above) has been shown to reduce
required power costs by up to 60% and is of interest to JDI (and now Auberna), who
wish to use the technology to reduce the significant power costs which are associated
with cannabis production.
Algae.Tec views the potential to earn royalty income from the application of its
technology to cannabis as a method of funding Algae.Tec’s continuing activities into
production of bio fuels and other plant-based production techniques and species.


whoaaaa.... more capital raising coming

The funding to increase the size of this
plant will be negotiated with the investment community over the next few months.
Initial talks have already been held.


Upon shareholder approval and completion of the Agreement the Company will invest
further funds in Auberna as required under the Agreement. These funds will be utilised to
increase the research and development and crops in Uruguay under the management
of Auberna.


start doing the maths

the step into production and marketing of algae products.
Algae.Tec’s spending in these areas is dependent upon the progress of the individual
projects and the various commercial negotiations (as discussed above) but should
involve a minimum expenditure by Algae.Tec of at least $10 million


Algae.Tec currently employs approximately 25 people, 23 of which remain full time on
the algae core business, with the remaining 2 spending part of their time overseeing the
cannabinoid project (and the remainder on the algae core business). Algae.Tec also
anticipates that 2 new full-time employees will need to be sourced for cannabinoid
projects in the near future.




well lots of motherhood statements and my memory must be giving out as .............welll lets see what they end up doing.