Ann: Initial Felix product sales update, page-25

Held pretty well considering the volume..... buyers did swoop and still some 460,000 to buy at 10.0 whilst the 20,000 seller didn't come down a pip.

Dare say some in the know of the roller coaster game took up the chance of cheap shares, may even be some churn.

Chinese expansion in the wind. So what some say? They have a population problem over there. True. Not enough births means aging population without enough to pay the taxes for the oldies.

This is their growth rate:-


Source: https://www.worldometers.info/world-population/china-population/

Now Xi Jinping is aware of the problem and China has gone to 2 child policy but it is not working because as the Chinese get more affluent they have less kids.

Some mention copying the technology. I dare say they could copy anything but as far as jumping hurdles go it isn't that easy especially for them outside of China. I have emailed Alison to inquire about IP protection in China just in case they do copy. I'll keep you posted on that.

One last thing, 26,000 cartridges at $100 margin is $2.6 million .... at $50 margin $1.3 million but not sure what they'll charge for the Felix device and how many units they intend to sell a year. This is the beginning, a delay and a door opened.

Merry Xmas all.