"100% right. a Microcap can’t swallow large capex like...

"100% right. a Microcap can’t swallow large capex like Synlait."

I don't think you understood my point but OK.

Perhaps the bigger issue is that they were meant to be providing 100k units or $2.5M worth of Future formula, a figure which, if real and was actually required, would more than utilise their full capacity at the facility. As you keep saying, it is a very small, bespoke facility. The fact that they have production capacity to offer up over a three year period suggests they don't have very high hopes for an increase in demand for their existing products.