Hi Bread,
Extra product needed for
1. Japanese pharmacies
2. Japanese salons
3. Japanese concept stores
4. Australian pharmacy range expansion.
5. Possible early onset of Fukangren China Deal part 2
6. Possible QVC deal in China
7. An initial target of 10% of 2500 stores in the US. I think Ulta would be included in this group.
8. Expansion in sales at existing outlets as feedback and returning customers build.
Extra cash needed for:
1. Developing the Fillerina distribution in NZ and Australia.
The sales people still have to be familiarised with the product so there will be some training going on.
Suspect this may have something to do with the slight decline in the 4th Quarter.
2. Developing, manufacturing and distributing a range of new products through the gradually building and expanding existing network. Eyelash, eyebrow, Uv protector, dry shampoo.
CDY Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held