Investor Call 9 August 2024, page-110

Andrew thats one opinion. On here you will get many. Question all and make your own mind.

For me I know people who won't buy at present due to high shares on issue. Consolidation sorts that. Others here will sell on consolidation because it scares them and they have provided their reason.

If done when business is success and if it helps reach new markets then I have no problem but that's me and I will be here with new names.

As far as FBR are concerned and my biggest concern is dilution through poor cap raises and share incentives. At some point it will be to much for me and I will leave unless we see change over next year or two. The last cr was pathetic at 3.8c >20% discount it shows people are not lining up to buy in. In saying that we have a timeline of events which could be the catalyst for change and even if they are not I dont see how the SP won't rise. So it's a good hold.

Consolidation or not you end up owning same % of company until further dilution.