Ann: Admission to Official List, page-12

Gross Profit Margin has fallen from circa 50% (2015,2016) and 67% in 2017 to 40% in 2018. That is not a great sign.

VC fund invested around $1.6 - 2.0m at a valuation of around $4m less than a year ago and now it is $15m plus (pre capital raise). If I was holding I think i would sell into the possible "china" hype that is likely to come, then maybe sit back and look for a much lower entry point in 12 months time, if I believe in the story. But selling dairy products to China is not easy or plain sailing in my view.