Ann: Quarterly Activities Report and Appendix 4C, page-4

Shareholders need to question why the BOD are rewarding the fat cats for destroying shareholders wealth.
The HY ending 31 Dec report shows the fat cats were rewarded with:

• On 1 July 2023 and 19 October 2023, the board exercised its discretion to allocate 6,100,000 options and 500,000 options respectively to employees, under the company's employee share plan. The option awarded in recognition of the performance of key staff throughout the year.
• On 22 August 2023, the Company issued 568,333 options to executives under the Company's Post IPO option plan to reward the diligent execution of the corporate strategy and to ensure retention of the key talent

The current Q ending 30 June shows:

• 1.1 Receipts from customers $1,079,000
• product manufacturing and operating costs ( 1,286,000)
• advertising and marketing, staff costs & administration and corporate costs totalling ($ 1,268,000)

For every $ received from customer, it cost $1.286 to produce, and $1.268 in cat feed. Just have to wonder how the BOD is going to reward these tallented performance?