Ann: Half Year Report and Accounts, page-3

The company financial ate not a pretty read.

The difference between the sales revenue and cost of goods to sell is about $30k.

And they spent about $900k to achieve this.

Sorry. But that is pathetic.

I was in them based in what I expected to be strong retail wine growth.

With TMall customer 'like' numbers dropping relatively significantly lately and spending on marketing being stripped away, it's obvious they are going down the 'significant investor' and wholesale sales approach.

If theyull it off, then the company will grow much bigger and more rapidly than they could have with just retail.

If it doesn't come to fruition, then it's a company in big trouble, with funds required soon and sales not meeting expectations.

I feel it's a far more risky proposition now and I'm none too impressed with the last quarter or so.

Milesy