7 August 2018Nutritional Choice Australia Pty LtdAs announced...

7 August 2018Nutritional Choice Australia Pty LtdAs announced previously, Golden Koala Group Pty Ltd which is 51% owned by JAT, has a manufacturing agreement with Nutritional Choice Australia Pty Ltd (“NCA”) under which NCA produces dairy products for sale to China.As announced on 29 June 2018, a receiver was appointed to NCA on 5 June 2018. The JAT directors understand the receiver was appointed for reasons other than insolvency.On 31 July 2018, the receivership was terminated.JAT and NCA are continuing to trade as normal and the JAT directors expect NCA to meet its obligations to JAT under the manufacturing agreement in full and on time.Anthony CrimminsManaging Director

We all new ages ago NCA had issues other than insolvency.
Now if NCA used JATs money to stay a float JAT wouod have to act quickly if it takes 2.8 million to run their plant for 1 year.
Still think we will end up with a processing plant, and probably have much better sales strategy for moving 52 containers of milk formula amd deeper pockets than a company that is just scapping by not honouring their contracts.