Ann: Trading halt, page-162

no, unlikely imo. That would kill shareholder confidence. I don’t believe cash is the directors personal motivation. The introduction of escrow conditions into the constitution recently highlighted this.

Their motivation is for business growth and this is clearly highlighted in the multiple interviews. CRO has attracted enormous interest of late and we know there are pending bolt on acquisitions in the pipeline that would facilitate accelerated customer growth.

Shareholders would and should also routinely expect that the recent card scheme tie-ups would require increasing debt guarantee top-ups to facilitate the increase in ARPU that’s been flagged on the horizon.

Cash on hand is not necessarily an issue as we know, if they wanted to go slow with standard growth, that’s sustainable... Capital Raise for growth acceleration is positive thing - as long as the shares fall into the hands of institutional long term investors.

For example, 10% MC dilution today is worth much more than that in growth over the 12 months and then much much more in compounded accelerated growth longer term.

all in my opinion