Re: Questions for Peter

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Photis-Peter-Pascali

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Re: Questions for Peter

in response to

Questions for Peter

FTW101

posted on Oct 15, 2020 09:57PM

Dear FTW101,

Very busy here right now, but I broke away to quickly respond to your immediate questions. Please excuse the brevity of my responses:

Re:

1. Is the recent $5M bought deal related to the listing requirement for the uplist to the TSX or is this something separate?

I think it would be safe to say that this would seem to address the issue identified in an earlier press release on the subject. Beyond that I cannot comment at this time.

2. Is it possible that you can provide an update on how the torch contract negotiations are moving along. Do you still anticipate closing 1-2 deals in the next 2 months?

Nothing material has happened to change our view. If it had we would press release that change. Please also understand that as much as I would like to provide a status report on this and other matters time does not provide me with that luxury. All in all we are very happy as we were before.