Ann: December 2017 Quarterly Report and Appendix 4C, page-34

Concern is that US is stagnet. People bought at first but havnt come back in growing numbers only growing stores.
Australia roll out has been a joke.

The US is a tough one as it’s expensive but it’s on the back of old person marketing (CEO )
Australia was and still is just poor management from that CEO, no idea

So Wal-Mart and Walgreens etc I believe shall not stop selling as it’s at least constant. Surely 15000 more stores will at least get this company cash flow flat.

New Management can not be greedy like the last lot as they know they will be sent to retirement by the shareholders.

Australia will grow .

So off the back of all this I’m saying that at this price there is not a lot of risk , the Company doesn’t seem like it’s going to collapse , but it’s just not that expenential growth that we once thought.

There is still a chance at some point it all takes off at school , kids demand a yowie across the globe because YOW get the toys right and kids go crazy on that for a while (shopkins)

Just a longer ride (once right management in place)