Trying to capitalise on tecent A2M, BAL, KTD and BUB moves so timing is good. A concern is in 2016they had $476k in sales of which $383 was to a related entity. another concerb is the 200k write off of obsolte inventory, which represents almost 50% of total sales in 2018. Poor inventory management or planning or not enough uptake of their product. Further i havent heard of their brand and cant seem to easily find info doing a google search. I will not be investing at IPO but will be watching closely when it lists due to competitor success which may provide a nice leg up
Application form, page-15
Currently unlisted. Proposed listing date: 3 APRIL 2019 #