Ann: FOD beverage & functional juice business growing at 25.9%, page-26

Agreed, restructuring the debt will be the quickest way to sustainable profitability as the current interest payments simply burn through operating profit. Given the strategic investment from a couple of weeks ago there should be plenty of scope for FOD to pay down some of the outstanding debt and still fund future growth initiatives, I am hoping that in next weeks 4C the company will articulate better the future planned use of some of the capital raised in the last 6 months and specifically if any debt has been paid down so far. Accountability on this point is key as there was no accountability for the funds raised via Norman Li a couple of years ago.

Accountability and transparency is essential in order to regain the trust of shareholders and possibly get some new institutional investors on the register. Management needs to prove that things are now different! I think this 4C will be pretty key for the company to demonstrate that transition.