Ann: Impairment Update, page-6

  1. FY1
    370 Posts.
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    Based on the annual reports , Mr Schuessler has made over $1.5 million dollars plus service rights since July of 2016 and delivered:

    1-8 consecutive quarters of double digit Sales and Margin declines vs.prior years
    2-Claimed increased in distribution in all classes of trade but sales levels declined
    3-Unsuccessful Yowie launch in Australia
    4-Unsuccessful Yowie launch in Canada
    5-Unsuccessful Test of Yowie in the UK
    6-Unsuccessful launch of Discovery World brand
    7-Claimed successful launch of Yowie Bites with no data to support claim
    8-Significant inventory write offs
    9-Lowest level of Yowie stock price in the history of the company during the last 4 years

    Even with this performance, the latest annual report fails to provide updates on Sales in Australia,Walmart performance in the US,Status on legal case with Atlantic Candy and its potential risks etc.

    They claimed that the board decided not to pay bonus but for what? The bonus is only supposed to be paid when the objectives are achieved or overachieved and Mr Schuessler and his management team has delivered no sales growth to date!

    BASED ON THE ANNUAL RESORT THEY DO PLAN TO RECEIVE A BONUS AS THEY WILL RECEIVE 2 CENTS FOR EACH OF THE SERVICE RIGHTS THEY RECEIVED FOR DELIVERING NOTHING.
 
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