Ann: Half Yearly Report and Accounts, page-51

“Golden Koala would continue to distribute infant milk formula toChinese consumers which was heavily dependent on GoldenKoala to successfully obtain the Chinese Food and Drug Administration (CFDA)license in China”

If you say JAT acquired poor businesses and generating positive cash flow, how about BUB and WHA creating poor business and negative cash flow. Bear in mind, BUB and WHA have been in IF industry for much longer time.

However, I believe they all are good businesses and good products. Just that they have been held back by SMAR. Even BAL.

 

“During the reporting period, Jatenergy completed two substantialacquisitions, adding significant revenue (means consumers love it notpoor quality) to its trading activities of selling fast moving consumergoods (FMCG) to China.”

Now we know what have been contributing to the high growth revenue in the last Q, now we know it was not Golden Koala, as expected and no surprise, due to SMAR. JAT has diverse business markets and still able to grow the revenue significantly without Golden Koala IF, once we got SMAR, likely will be additional revenue from GK. GROWING WHILE WAITING. Not like peers with purely rely on SMAR.

There are GREEN FOREST AND SUNNYA

 

It proven that JAT is heading to the right track by expanding Neurio production by building a new plant in Sydney.

 

JAT’s directors have been honest with the shareholders that GK is not doing well, due to SMAR (not poor quality), which in line with peers. Nothing wrong with that. Likely they see Chinese regulation change and quickly acquire GF and Sunnya. Smart move I would say.

 

Shareholders shall read the report in detail and not just listening to the naysayers.