Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-12

Thanks $tockfella! I just add some brief comments here.

Without exception, someone tries to work out profit/loss from a 4C release every time (4C is just a cash flow document). I have given up to even try to explain.

The entire e-commerce sector is suffering ever since 2021, every one of them – Kogan, Temple and Webster, Adore Beauty, Redbubble and Mydeal etc. are all down by huge amount regardless of if these companies are growing or profitable. The sad truth is you cannot do much about this. The winter is upon on this sector. We holders will have to wait to winter is over and of course hope HT8 keeps all the business fundamentals right such as positive cash flow and improvement on profitability. Right now, HT8 has turned from cash flow negative to positive which means there is not likely be a CR. Good for us.