Ann: Quarterly Activity Report and Appendix 4C, page-8

AJX sales sit very early in the supply chain so they would have been the first to feel the effects of decreased consumer confidence. Bedding manufacturers were delaying product launches and probably getting rid of inventory. That being said, March/April months were the slowest and they are seeing improvements from there so we’ll see.

Yes there was some decrease in staff, admin cots etc, surely they’d be tightening the belt, at the same time there was quite a big increase in IP costs under investment activities. Colinton just bought 3Mil shares on market so they have a lot to gain from the company doing well.

4 new customers for body armour with another 30 prospective, surely this should be a big hit given the perfomance improvements to the wearer, the recovery time difference (from fatigue) for a first responder or soldier is night and day

Assuming March/April were the worst months, and with the new sales expected in 1H FY23 the available debt facility will increase.