Yes. Wonderful people. I met them in china at CBME. Really, very nice people. Lots of experience, but that was making cheap parkas for Kmart and dimmeys.
Was a failure at his own attempt selling infant formula for three years into china. Even when he was only making $0.50 per tin profit he couldn’t sell it.
ISDC needs $3m down payment for the WHA deal. And doesn’t have it.
And the prices ISDC have quoted in china for WHA at wholesale.......means WHA will make about $2 per tin.
That’s why WHA only talk about revenue.....never talks about the profit they make on that revenue, nor talks about the number of tins they will sell. That way no one can calculate the average revenue per tin (let alone th profit per tin).
I wish it was as good as they make it sound......but lift the covers and look what’s really underneath.
WHA Price at posting:
$1.39 Sentiment: Hold Disclosure: Held