2018 ANNUAL REPORT KEY HEADLINES
1. Lower Sales results than 2017 even when sales base is not comparable
• 2017 One Brand, 3 months of sales in Australia market
• 2018 Two Brands, Yowie and Discovery world, Full year of Sales in Australian market, new sku’s, etc.
• Claimed Walmart inventory adjustments of previous 2 years used to justify decline for 2018 performance vs. 2017
2. Net Loss lower, driven by elimination of excessive overheads added by the Board in 2016.
3. Lower share price in the history of the company
4.Higher compensation for non-performance to executives.
5. Lowest market capitalization in 4 years
6. Accelerated cash burn levels
7.No mention on Walmart full year growth vs. 2017 or ACV TREND
8. Claimed market share growth for the US MARKET with lower sales and significant higher competition as reported by Nielsen?????
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Ann: 2018 Annual Report, page-2
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PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
Paul Rennie
MD & Founder
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