It was always going to be a clarification revolving around that 48% statement.
Although I don't think they managed to clarify much!!
They have tripped over their tongues so much its almost unreadable.
I think they are still saying 48% of their mattress sales products are due to Bio Cool.
We still dont know what figure that 48% is attached to only based on passed performance. ie is it transferred from other sales within that sector or is it new sales or a combination of both. And now I have confused myself as well. Hence, I stand by my original thesis is this announcement should never have been made in the first place. Let the 4C do the talking or present actual sales figures.
Otherwise, just get on with the job.
Anyway, at least there's a hint of the possible . My suspicions of a cap raise are still there however.
Those who look at my holding for full transparency, I sold my position after 8 years on this announcement but intend to buy back in at a lower price.
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