Did some research on this stock. Company bought 40%CollTech and plan to increase this to 100%. Plan to install a production facility to produce Collagen from sheep. Presentation released by the company on 13/8/03 is worth reading and outlines the project phase. CSIRO approval granted. Seems to have good prospects. I spoke to the MD about the project and raising of $3-$4M to establish production facility and schedule. Comment made is they are similar to Chemeq but obviously different product. This will be a real business as there is a demand for Collagen and if the company can implement it strategic plan then this may be worth while researching.
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