Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3

Is that what it means? Its confusing to me.

It sounds like the US$202,000 from an asset sale was the sale of Indonesian assets: "US$202,000 was received in Q2 2023 from sales of assets identified as surplus as part of the restructuring of the Company’s plastic waste processing and pallet production."

Later it states: "the ASX has advised itconsiders the qualified audit report prevents any asset sale to a related party, regardless of value, underits Listing Rule 10.1." This implies that the ASX is preventing a sale of the Cairns assets to Jenkins as he's a related party.

"The cost of unwinding the Cairns transaction and funding the carrying costs of thepilot plant for the past months (and until resolved), and of holding an EGM to approve the sale is greaterthan the value of the assets." This sounds like RAN ignored the ASX and made the sale anyway (or at least refuses to reverse the sale) ... but then if the sale of Cairns assets to Jenkins was made, where is the AU$140,660 on the cashflow?


RAN needs to be put out of its misery, and shareholders need to get a realisable capital loss ...