Ann: Response to ASX Aware Letter, page-5

Points 11 , 12 and 13 are key here and the object of all the arguments on this forum.

I believe the answer is clear and makes sense and is also aligned with previous communication.

Glad we can go back to trading...


11.The Company has disclosed to the market on several occasions that:

a. investors should expect a lag between the execution of distribution, reseller or referral agreements, and those agreements generating unit sales and thus revenue; and

b. that such lag is due to the execution of such distribution, reseller or referral agreements being only the first step in a multi-step process to enable those partners to be able to sell Buddy Ohm product, as well as have inventory on hand.

12. In respect to disclosure of expected revenues under distribution, reseller or referral arrangements, following the execution of a relevant agreement, the Company is unlikely to be in a position to disclose expected revenues unless it (and/or it's partner) has had an opportunity to collate and test key information and undertake a fulsome analysis of such information. Accordingly, the Company will only disclose its expected revenue for a particular arrangement if such analysis has been sufficiently completed for the Company to have a reasonable basis to make such disclosures (refer to the Company's announcements concerning distribution, reseller and referral arrangements dated 23 August 2017, 3 November 2017 and 21 November 2017 in which no expected revenues were disclosed).

13. If the Company becomes aware of information that may lead it to hold a different view with respect to expected revenues from existing and new distribution, reseller and referral arrangements, it will make the appropriate announcements in accordance with its continuous disclosure obligations.