Hi Peter. That paragraph from PAC Partners should not have been...

Hi Peter. That paragraph from PAC Partners should not have been posted to an open forum as it was provided with the following handling caveats.

• DISCLOSURE: PAC Partners was Joint Lead Manager to the December 2022 Placement raising $1.5m and received fees on commercial terms for its services. Inaddition, PAC Partners received options in the Company detailed in the announcement 2 Dec 2022.
• The information contained in this report is provided by PAC Partners to Wholesale Investors only.
• The information contained in this report is to be read in conjunction with other important disclosures at the end of this document.

I see you also left out the parts where PAC forecast ArchTIS would be cashflow negative and running a statutory loss through FY23, FY4 and FY25. Why did you leave that part out? Seems relevant.