Buying has been moving stock from large holders (ex board members) into insto names via a Melbourne based broker.
Wayne held a telecon last night that was very positive and spoke to a more near term international expansion than had previously been discussed. Intl expansion via well established dual function manufacturers and distributors was discussed with Puerto Rico given as an example of the initial geographies discussed and Coca Cola Company given as an example of the types of partners who are making inbound calls, nothing announced so far but YOW involvement would be provision of the capsule and toy, while the partner would be responsible for manufacture/ distribution etc. Eg lower revenue but very low risk, very good terms, high cash flow.
The breakfast presentation to Morgans was also the first full admission that Safeway has gone national with the only holdup in announcing "all stores" being that they have purchased (absorbed) another small chain who have not yet fully converted and thus can not announce "all store" in the manner they did with Wal-Mart.
Walmart sales figures are apparently exceeding internal and external expectations.
Enjoy $1.20 while it lasts, further positive news to come and free float stock drying up. Insto's now control 25% with management controlling a lot of the rest.
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