Thank you for pointing this out @ Pcatar. Yes, agree, time is needed.
Interestingly, most of the above posters have pointed out their issues with Management performance and the Quarterly Report. Yet, until Pcatar, not one poster commented (on either Announcement threads) regarding the ZOONO signs distribution agreement with China Animal Husbandry Group?
Quite a significant announcement too.
Of note, an initial 5-year term?
Just in case you missed reading this announcement, I have provided a brief summary.
Zoono Group Limited (Company) (ASX: ZNO) is pleased to advise it has entered into an exclusive distribution agreement (Agreement) with China Animal Husbandry Group (CAHG). CAHG is a Chinese, State-Owned Enterprise specialising in all things regarding animal health in China. This is the first time Zoono has signed a strategic agreement with a China Central Government owned enterprise and believe this is of great significance for the Company and will lead to more, similar agreements now that the Chinese Government is aware of Zoono’s technology.
The primary focus will be on dairy, poultry and pigs; Under the Agreement, Zoono and CAHG will work in close collaboration to aggressively expand the use of Zoono in the dairy, poultry and pig markets. CAHG are currently arranging for regulatory approvals, estimated to take 3 to 6 months, with the expected rollout commencing on receipt of these approvals. Negotiations with CAHG commenced in Q1 last year. CAHG tested Zoono-Z71 in local laboratories against common pathogens found in this industry and, based on the results, has entered into the Agreement with Zoono.
CAHG is heavily invested in New Zealand companies having invested several hundred million dollars in New Zealand companies over the years. Zoono is very pleased to have finalised this agreement with CAHG.
IMO, management do appear to be working hard (and as Pcatar pointed out - time and patience) is needed.
GLAH
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