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BlueAnt

10/28/21 7:28 PM

#214 RE: twaflyer1 #213

I can now confirm ,

The $5.00 , $2,500,000 and $231.75 in the table below are all values in regards to the registration fee only and have absolutely no relevance to the ADR market price .

The 40 to 1 at this point is the likely ratio , meaning an estimated $15 USD ADR share value . As I previously stated the object was not to be considered a penny stock , I would also imagine if for any reason we see an increase in the ASX share price prior to mid to late Q4 the ratio maybe reduced to remain around the $15 USD mark .

As per the announcement extract below , HSBC to buy all 50 million shares required for the ADR’s on the ASX market . A new HSBC Custodial account will soon appear on the register . The shares held in this account will not be available to those who seek supply for shorting purposes .

Integrous Communications and BRN management are committed to the success and growth of the ADR program , they have every expectation to see the HSBC Custodial A/C become very prominent within the top 20 .

The inclusion of the top 20 shareholders list in the quarterly report will become standard , with a new updated list provided with each report .

I hope this clears up any misconceptions with the ADR program .