I dont want to rain on anyones parade here but the news is all great until you scratch a bit deeper.
So far we are waiting on CFDA approval ( it may or may not be granted ) some think this is 100% ( I think we will get it but that is just a guess).
The announcements of supply into India and Macau are great until you research the companies making the purchases, lets face it these are no big global suppliers. (The last company I saw do stuff like this was Quintis selling sandalwood into china - not saying that WHA is in the same boat though).
Now we have a term sheet signed with ISDC 3 guys in Melbourne with his son in Guangzhou selling three brands into China.
If anyone can enlighten us how much product they are shipping etc that would be great - my quick search did not turn up too much.
Anyway I hold a few WHA but can not add to my holding at present because the good news is just too thin at present. I congratulate the company on the positive news flow but we need a bit more substance ( well at least for me to add to my current position).
WHA Price at posting:
$2.17 Sentiment: Hold Disclosure: Held
