profit down, margins down, page-2

justbob you seem to have an interest here given you have no shares according to your disclosure. regarding the dividend payment and the reduction in cash on hand - I mentioned that in my post of 27/08/13 re: Investor presentation. Therefore I believe the market has already factored that in their pricing. Next dividend should be supported by the Eli payment due. And I am not too sure about your comment "that the dividend is not supported by the profit". My take is that previous dividends were held down and should have been higher from the previous payments provided by Eli and I assume this was done to determine cashflow requirements. The company has now determined they do not require all that cash so have paid it as a dividend. we are aware of competition and that is an issue but its the lack of other income streams as compared to costs that is the issue IMO - and not really profit margins. We need more income streams or remuneration and other costs need to be reviewed - its the royalty from Eli that is supporting the costs. all IMO only so DYOR.