Ann: Collagen Market Update - Further Information, page-11

This is what I mean when I say the market can pull products even if management are useless at pushing them. Someone had knocked on their door and told them they want their collagen and will do all the hard work from their end to make it happen. Government grants are not given without some diligent scrutiny, though not air tight, the process and controls are sufficiently robust. Simply securing any funds from the government is a small confidence boost in any case.

I must say the ASX would have let the original Ann stand if it was any company other than HCT. I’ve read far less detailed Ann from other companies this week alone that were not questioned. I don’t overly see this as a negative thing as it benefits share holders. Heck.. if only the federal budget was treated with this level of scrutiny...