Ann: Chair's Presentation to Shareholders, page-2

Overall good initiatives - nice to see they’re continually improving. I’m not too worried re timing of revenue - suspect it’s more that they now can deliver super quick so distributor doesn’t want the product until they need it (presumably in lead up to US summer). I just hope the product is actually getting used and not channel stuffing, I can smell a we charge at low price x if you guarantee to buy quantity Y - and it hasn’t quite hit the mark. Obviously to keep manufacturing costs low you need volumes… no one wins if the stuff isn’t actually used/ends up in product on the shelf. Guess we’ll have to wait and see in Q3.

I can’t attend - but would love it if someone could clarify the alusion numbers and if they’re behind the massive revenue jump in Europe for 1st half. (Suspect so)