QIN 0.00% 29.5¢ quintis ltd

Important Question for AGM attendees, page-21

  1. 3,053 Posts.
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    50ml here, 1kg there, pretty soon you'll have to get a shopping trolley!

    QIN had inventory of 2850kg, and couldn't sell it to anyone except young living, with whom they already had an agreement to buy at $4500kg over the next few year. To get them to take more they had to discount the product 33%, extinguishing the next few years of supply at that price.

    If they could have sold it at even USD2000/kg, they should have done so - because Young Living would have paid 4500/t next year - so a tonne at $2k plus a tonne at $4500 is a blended price of $3250/tonne.
 
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