1.2 cents, page-23

Hi practisingaccountant,

Like i said, i greatly appreciate your input.

Thank you for taking the time to explain that; it makes a lot of sense

I am looking forward to the coming distribution agreement we are expecting. It will rerate the company from being focused on research without any sales to date to one receiving income from the sales. This is when the market cap of companies quickly increases

I like the company strategy. They want to take measured and careful steps to keep costs low and grow steadily.

This is by first getting sales and hence cashflow from Thermalife in Australia; secondly, distributorships in USA and other countries; thirdly, expand the range and utilise the distributorships that already exist for Thermalife by that stage.

For many companies involved in production and marketing, it is the marketing that is often the bottleneck to growth. As long as a company can get the sales, the manufacturing is easier to sort out.

The manufacturing of a cream allows for high volume production. By contracting out the distribution and production, costs are kept low, this allows more survival and income to come in gradually. Then with consistent cashflow, better knowledge of fixed and variable costs, the company is in a much better position to grow.

With the directors abilities to get large multinationals involved in their dealings with OBJ, it shows there is potential for PNO to get a large multinational on board for the distributorship.

It seems very promising and i hope for all of us it turns out well.

Bouzouki