Ann: Half Year Accounts, page-3

I think that once the tokens are generated things will become more clear on the CCA side. Initially the maths will be pretty simple as they will hold X amount of IVY at 10c, which is very likely to increase once listed . The raise is almost complete and will be at the auditors by March 6th I believe from the recent update, so not long now. As far as valuing the LLC I keep the tokens separate and just look at the tech and ask myself if the IVY platform was built, had agreements with banks and exchanges, and put out a prospectus for an IPO to list on the ASX what would be considered fair value ? We need to also consider this space is new and IVY is looking to be the first mover. Like anything there will be widely differing opinions but this through process is one I have played out. The other advantage of doing it this way for CCA is that pre $19m raise they owned 33% of a the LLC and post raise they still own 33% of the LLC, there is no dilution on the back of a strong raising that will fund the buildout and promotion of the entire business . I would also hazard a guess that in very likely event that this is a success it will open many more doors for CCA going forward to participate in future start ups using a similar model.