Ann: Transaction Update, page-4

The share price consolidation is irrelevant, it’s the details on Page 8 and the new market cap upon relisting that matter to all existing shareholders. How much of the company existing shareholders will own post the raise.

Do the math with your current cost price x 20 and that will be your new breakeven, unless you are prepared to average down in to the re IPO (at 1.5c in the old money). What you need to think about is what the market capitalization of the company will need to be in order to reach your new cost price and what the new business will need to deliver in order to achieve that valuation from the market.

There are a couple of questions I have for the business around the proposed transaction, the Safeshare sale to Cyber5 and the value being added to the business from the Joint Lead Managers and Corporate Affairs group to justify their proposed fees.

Iam a believer in the data global business and think it will be well received by the broader market, thanks to the decent track record from Wolfgang. The share price re rating will occur when Wolfgang and the team deliver on contract wins outside of Germany and show there is genuine demand beyond this region.