Informed estimate of cash position, page-3

Hi Kicks

That time again. Another quarterly with estimations based on accounting precedence and of course, past and recent disclosure.

Nice summary. I have a different number for incoming receipts, that being 8250 units at ave SP of AUD 307 per unit. So an additional AUD 1 m.

Just to qualify, I don’t believe any of the Boost revenue will feature. Suspect they will stick with the previous convention of only invoicing these on despatch with the cash flow sitting in a suspense account, pending that despatch / invoicing. Therefore will show in the Q2 2018 quarterly.

IMO, this quarterly is key in terms of the level of traction on IQ buds. Still believe the Return Poicy has undermined their early performance ie has had a material impact.

Rokewa