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

No mention of the United States? This is concerning, if positive it would have been mentioned.

Highlighting "record ecommerce sales" in November but no mention of December suggests it dropped immediately back down. If this is an ecommerce business, it would be nice to have some ecommerce metrics (AOV, LTV, CAC), doesn't have to be specifics but are they up / down / better than industry average etc. Even a monthly revenue chart, compared to PCP would give us something.

Please no more mention of new management / strategy / directors profiles, MENA region, etc. Give us a real update on the business performance.

The company is burning cash, has taken on more debt (circa. $100k more since the last quarter), received a government grant of $73k (is this one-off?). It needs more capital to execute, but I'm not sure how anyone is expected to be interested or buy into the company on the back of an update like this.

We can't wait until next quarter, otherwise the company will be in administration or raising capital at an even more depressed price.