Where has all the stock on hand and previous sales commitments gone? Did they burn the stock ?
Am I correct in assuming based on current qtr sales that total sales for year ending June 2019 will be sub $1m ? And most of that is little innocents ?
Another $7m in outflows next qtr is that correct ?
The new organic range sounds good and they payed $3.5m for supply to who? Is it not a related party transaction ?
To management here is some free sales & marketing advise to close deals with tier 1 retailers in Australia (Coles / Woollies
Coles and Woolworths (and anybody else for that matter), will stock anybody’s range if they pay $3-5 million in advance for shelf space - it’s not a very difficult negotiation.
I also expect sell down of Directors interest and related party interests sell down once escrow period expires post March.
WR
WHA Price at posting:
97.0¢ Sentiment: Buy Disclosure: Held