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iamthe walrus

01/12/23 11:53 AM

#40464 RE: Quikshft #40460

About M&A from the transcript of the last webcast: They said previously they
are looking for a company they said has revenue and i believe that would help our stock value.

There were a few questions regarding M&A activities, potential acquisitions. Over the past few months,
we’ve evaluated and pursued a few potential acquisitions. Unfortunately, those particular acquisitions
didn’t work out, primarily because of lack of strategic fit, or the return on investment didn’t meet our
criteria. We continue to review inbound opportunities, as well as conducting a proactive outreach to a
targeted list of candidates.

We had a question regarding activities in quantum dot and