Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-98

Hi Steve

Suspect your Receivables number at AUD 0.5m relates to FY2021. The Trade Receivables number @ 30 June (end FY2022) was AUD 2.704 m.

Does not necessarily diminish the point you are making. Someone on *** commented that the argument or reasons put forward by the Company which defends the difference between ACV and actual Revenue is wearing a bit thin. My view, it has worn thin. Surely the Company have the message by now. I guess we will have to wait to see whether they act in order to fix this or stubbornly choose to ignore the investment community's concerns.

Rokewa