Ann: Appendix 4E and FY21 Financial Report, page-3

Great to see them paying their creditors 50% quicker than last year. Also, I note the QVC cash came in after cut off.

The midkine royalty income hope from Lyramid gives me no confidence at all. It appears there were no royalty payments from PEB at all this year....so I wonder what measures of monitoring have they put in place to check on the integrity of the revenue from the mob in the Caymans?

As for the US market - that is a complete disaster and they should drop them completely. For 2 years in a row the US operation has delivered losses in excess of their revenue...not to mention the forex losses. Cut them loose - they are a basket case and given they seem close to a civil war over there - it doesn't look like they will be returning to normality any time soon.