Investor Call 9 August 2024, page-28

Key points for me ...

State and federal governments in discussions re helping ramp up manufacturing in Perth = Either a credit facility or manufacturing grant or export subsidy Ausrade.

Waiting for catalyst which will open credit facilities to not require a JV partner = we could end up owning the Wall On Call entity in a particular location .... say New Zealand or UK where by funding the machines and start up costs we'd own 100% of the profits.

Waiting for a positive catalyst for a share consolidation probably as early as next few months = order for first 20 machines.

The reason we're keeping first lot of manufacturing in house is to keep the OEM'S honest. We need to know the blue prints inside out so OEM can't offer unreasonable pricing to build HX110'S.

SAT will take 2.5 hours to complete = expect it any day now.

Slabs are down ... just a matter of slotting into the builders schedule = Builders in USA operate differently to Oz ... here we have land developers who sell you a block then you find a builder who builds you a home ... in US the builder either owns or controls through options the land and you choose a design and they tell you on which block that design will be built.