Today they should have coughed up another $1m to the vendors today, so now all up paid is $5m.
Further $7m payments to go are -
Dec 31 19 $4m
Jun 30 20 $3m.
Plus they were talking of a new production line for lactoferrin of $3m-odd, but lets hope we can asset finance this or get a facility from our well connected director residing in PRC.
Its been 6 weeks since the announcement of this acquisition. We are overdue for some update on this acquisition.
HB
Ann: Acquisition of 70% of Australian Infant Formula Manufacturer, page-1048
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