Ann: Notice of FY21 Interim Results and Investor Briefing, page-23

It never stops to amaze me how people still bank on animal health market being the turbo charger for zoono revenues. Live animal markets are being disrupted by a perfect tsunami of factors that will decimate the whole industry: 1. Vegetarian movement 2. Climate change (live animals being the biggest contributors to carbon dioxide) 3. The biggest factor - innovation in plant based and cell grown meats. If you have not researched this area you should especially start ups in China.

God help Zoono if they bank on animal health in a big way. Could be similar to their masks offering too little too late in the cycle. And by the way I have 4 masks and they are shit. Vertical fitment is is not flexible for long faces or bearded faces. Nose stitches are not centred properly. Discolouration is also evident even before washing, makes it look tired after a few wears. Cheap Chinese creation marketed as some kind of premium product. Or and to return any product you'd have to send it back to NZ at your own cost. Should have stayed with surgical masks, much better fit.

Those who place hope on the live webinar next week, should ask PH about the Russian market and whether the contract is with proper third party or a related party under Australian / NZ accounting standards.