Dear Antony
We are very happy with the Varm Cosmo deal and it is proceeding on track. We will not be advising the market or our shareholders every time we get a receipt or revenue from contracts in our Derma or Pharma businesses. Moving forward this will be in our quarterlies.
The Board and Management fully understand the interest in this specific issue of the Varm Cosmo contract and deposit. We are very confident this binding contract is only the first of 3 we will be completing with Varm Cosmo, per our previous ASX releases.
Thanks for your support as a shareholder.
Regards,
MGC Pharmaceuticals Ltd
reply from MXC regarding deposit., page-225
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