I went to the AGM today and asked a couple questions.
1.Q What happens with the shelf life of stock on hand. A. Stock tested regularly- no deterioration- will be relabelled with new self life.
2. Q Seven million dollars in bank at end of last financial year, is that enough to carry us through to end of current financial year. A. Extra costs were involved in gaining manufacturing data required to answer 180 day list of questions. Outgoing cash flow has been reduced. Should be, could be, maybe enough to see us through to start of sales.
After inwardly digesting it all on the train trip home, I do not think sales will start before the second quarter of 2015.
I hope I am proven wrong.
Trevor.
TIS Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held