Ann: Share Purchase Plan Offer Document, page-19

Hi S,

You may be right about recovery but I'm pretty hopeful that you will be wrong.
My plan is to hang in untill the dust settles in the accounts and I can properly analyse the potential profitability of the International Only strategy.
Given that the factory is worth more than the market cap at current prices the downside risk is very low.
We are told there are much higher margins on international sales and given the blurb in the capital raising initiative of the UK distributor leasing is extremely lucrative and the potential market is apparently there.
Once we know the gross profit margin and average unit selling price of international sales it will become clear if we are on a freeway to profitability or still traveling along the same bumpy track.
Given the tangible asset backing I think its still a buy with huge upside if the International Market embraces the product offering.