Ann: Supply Agreement Additional Information, page-2

This is certainly fascinating reading, indeed! Not only was there more information in an interview with the press, but it took two whole days to provide any detail on the agreement. No doubt they are on the ASX's radar.

Some interesting observations;
> the agreement starts in August, yet they have not concluded the supply arrangements. Must be able to make, ship and invoice beer through magic!
> they advised there's no immediate need for additional working capital. Seriously, the cash management track record is appalling. Surely they would have learned the lesson by now. Alas not - definition of insanity? (doing the same thing and expecting a different result).
> no indication of NET impact. We get it - they're a good sales channel, but how much more is this agreement going to deliver, over and above what they already sell? (just a % to the closest whole number would be appreciated)
> sale of Sorrento - yet further follies with shareholder cash. How can you, in good conscience, build it, hype it, then abandon it? If they escape with the value of a depreciated fit-out in return for the lease it would be a good result.
> Ballarat got a mention. Best leave that one unspoken, but no, let's add more mustard. Not only is it going ahead (soon), but it's also going to be even bigger!

Comedy-caper continues. Can't wait for the next chapter,