We knew that sales were continuing to fall just from looking at the forecast costs from the last 4C. I mean it dropped from a forecast 3.9million AUD in Q3 to $890k USD in Q4 ($449k actual).
If its any consolation, the cost forecast costs for next quarter are expected to be 1.5 mil which should mean a corresponding increase in sales. However you do wonder if there's any timing issue and that difference between that $890k and $449k has just been pushed back to Q2 2019. Hard to tell. Still means an increase though.
Anyway it's clear there's been a hard reset on all their existing sales and contracts. Here's hoping that we start seeing some improving numbers soon.
Also adding a new complementary cornerstone intiative to be announced at AGM? I know they say Alexicool targets have been met but can we see the $$$ first? Having said that if Dr Bob and his team have come up with some new formulation then I'm all for it.
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