7 questions lodged at 2024 Curvebeam AI hybrid AGM

Q1. We raised $25 million from the public at 48c via Bell Potter in August last year and the stock closed last night at 10c giving us a market capitalisation of $40.6 million. During our 15 months as a public company, what are the two best and worst decisions that the board and management have made and what is your best theory on why the stock has performed so poorly?

Q2. The 5 most valuable US big tech stocks - Microsoft, Apple, Amazon, Alphabet and Nvidia - are together worth more than $20 trillion, largely because they have enormous pricing power and are over-charging customers the world over. Could the CEO comment on which of the big global technology companies we are most reliant on and what would we do if they suddenly put their prices up by 30%?

Q3. Have there been any material proxy protest votes on any of today's resolutions, including this remuneration report item. If so, do you know why? Best practice is to disclose the proxy position to the ASX along with the formal addresses ahead of the AGM to allow for a more fully informed debate. You didn't do this in 2023 or 2024. Will you commit to doing this at next year's AGM?

Q4. There was an 18% protest vote against two incentive grant resolutions at our debut AGM last year. Corporate voting is not a secret ballot in Australia. Do you know who voted against these resolutions and why and have you made any changes to our incentive structures as a result, including on this proposed options grant to Greg Brown?

Q5. There have been many substantial protest votes against resolutions seeking an extra 10% placement capacity this AGM season, so why are doing it? It is not good practice to allow a board to selectively place up to 25% of the company's shares to anyone they like over a 12 month period, diluting the existing shareholders without compensation for their lost property rights. From my point of view, you should never have requested it and I have voted against. If you need to raise capital, please do a renounceable pro-rata offer which treats all shareholders equally.

Q6. Our website includes videos of presentations that we've made at investor conferences but I couldn't find any copy of the webcast of last year's virtual AGM. The annual report says that we have over 1000 shareholders but less than 50 of them will be watching today's hybrid AGM live. Will you commit to publishing a full copy of the AGM webcast on our website? Also when's disclosing the poll results to the ASX, including on this proposed LTI options grant to Arun Singh, please include the data from Computershare on how many shareholders voted for and against so we can get a sense of retail voting sentiment, along with the chronically low retail voting rate for ASX listed companies.

Q7. This is the second consecutive year in which we've run a fully virtual AGM which is not best practice. The best governed ASX listed companies are now running hybrid AGMs with a traditional physical component, coupled with online participation which includes both voting and live written questions? Could board candidate Kate Robb comment on her view about virtual AGMs and will she and the chair commit to doing a hybrid next year. Also where are Kate and the rest of the board and management physically located for today's virtual AGM?

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