Email from Company26 Jan 2023 13:04
Dear Lloyd
I am conscious of the current share price and the difficult volatile markets that are being experienced by many micro cap companies, particularly those heavily impacted by sector sentiment. However, I am afraid one thing the board have absolutely no control over is the share price. They are however, like me, also very conscious of it and are progressing things as quickly as possible.
In the meantime, I would have hoped that the company’s interim results, released on 20 December 2022, provided a good summary of where the company is at and the substantial progress that has been made. I am afraid aspects of the company’s business, such as the Sandbox application, involve a process with regulatory authorities who take a very dim view on companies providing a running commentary whilst the process is ongoing, so this is not something we can do.
In simple terms we are very aware of the market’s desire for further news and additional announcements will be made as soon as appropriate.
Kind regards
Tim
Tim Metcalfe
IFC Advisory
Managing Director