Another tried pump and failure with this Ann....ASX asking for additional info as normal the details were left out from HCT's inadequate Ann.
Testing to take 3-6 months(we all know HCT's time scales are proven to be way off)
Plant needs upscaling to meet potential demand from the getgo(they say 4 months for this)
Plant to be paid for by HCT cash balance and the 50% deposit on first order(so, min 6months testing results then contracts signed then deposit paid then refurb the plant.....min 12-18months from now to start supplying)
With a patent ending in 2023 it will be copied and sold for half the price elsewhere(no matter if they said they will apply for strengthening of what they have)
9. Holista’s patent expires in 2023 and the Company is in the process of extending and strengthening the patent with a view to filing additional patents around the original patent.
CR almost certainly needed and with the voting rights our DOC has he can get whatever money he likes through..
The whole company is dogshit and finding different ways to keep extracting cash from mum AND DADS and all the while voting for millions of free shares to be cashed in on more pumps...
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Ann: Collagen Market Update - Further Information, page-8
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