Ann: Market Update - Q3 September 2021, page-29

People keep saying the product is good, but Pet has sold very little for many years outside China, which was a mirage. The proof is in the pudding. Either there is a problem with the product, or the pricing is wrong. I suspect it is not very good on large water bodies with regular inflows. It is good on small ponds or canals with controlled access, but that is a limited market. Making 50% margin on a product that is not selling does not earn you much. I do not know the answer, but the company needs to be upfront rather than blame fraud, covid and shipping costs. Something is not right and never has been.