Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-37

"... and tend to deplore the bashing this company has received."

Perhaps another way of interpreting that comment is that the alleged "bashing" is equated to fair questions at odds with a pro-company position. A position that seems to set aside rational analysis.

Is it considered bashing or a fair question when the company has millions of dollars of shareholder funds sitting in a bank account and produces revenue of 82k for the quarter?

Is it considered bashing or a fair question when the company has millions of dollars of shareholder funds sitting in a bank account and watches 422k walk out the door in a quarter?

Is it considered bashing or a fair question when the company has millions of dollars of shareholder funds sitting idly in a bank account? At the same time, those very shareholders have their holdings diluted in acquiring the funds that were, it seems, not required.

The questions above could go on, and on, and on, and on, and on.

However, I wonder if you could highlight for shareholders and bashers alike a quarterly report (pick AGV, QBL, or CGB) where they have ever received a commercial return for the millions of dollars invested. That would provide some basis to your bashing claim and, I think, reflect a capacity to analyse the situation rationally.

As for the ridiculous sector comparisons, one or two posters often sing that catchy tune. The fact is, shareholders did not invest in the 'sector'. They invested their hard-earned dollars in CGB. They were advised that their dollars would contribute to a transformation of the company and a few other things that have failed to eventuate.

How does the revenue of 82k transform anything of substance? FYI - the average wage in Australia in 2022 is $67,860

Why not return the money to the shareholders and reduce the bank balance ($9.2 million)? This might go some way to compensating them for the devastating loss of their capital and the 5-year average ROE of -53.96%.