Even though it is a better quarter than usual, they still are spiraling down the sink hole and is there a plug to slow it. Maybe the Kiwi Fruit super juice is it, but it certainly won't be their flagship product, unless they have a significant reduction in prices.
A couple of things that will be of interest when the annual report is actually done will be:
- How much the directors are owed at the end of year. They are obviously not paying themselves because of critically low cash levels
- very low possibility of significant capital raising, so will be interesting who the Top 20 are. LDA capital seems to have taken their losses and run as they weren't in the last Top 20. Would be interesting to see how (or if) the company explains this debacle seems it expired with only 1 drawdown.
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