Kristy Carr after Q3 results in the Q3 conference call:
"We saw an increase in new users"
"We are not expecting a sudden drop off in demand"
"Our forecast is for a continued growth trajectory across the different retail channels"
Kristy Carr yesterday:"We were racing to supply that demand ... we saw mothers in all three (key) markets having ... weeks of supply in their pantries, bought up during that quarter. So we were expecting the (June) quarter to have a drop off in sales."
So yesterday's statment is effectively an outright lie or Q3's was an outright lie whichever way you look at it. They either were or weren't expection a drop in sales.
How can anyone have comfort that their ongoing growth projections are worth their salt, especially given the current challenges they are facing including Daigou demand? And if they can't operate profitably with their existing products how does adding a new vitamin product help in the short to medium term with the associated cash drain of establishing a new product range. I can see another cash raising being an almost near certainty.
And will they report on like for like sales? It's all well and good adding new outlets which increases overall market share but where do you go from there if market share isn't being increased organically through real increased sales?
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- Ann: FY20 Q4 Activities Report and Appendix 4C Cashflow Statement
Ann: FY20 Q4 Activities Report and Appendix 4C Cashflow Statement, page-63
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