Ann: Trading and Sales Update, page-46

It’s an ok result.

Don’t forget MWR does not have a full bricks and mortar network yet.

Would have been better if JBH hadn’t minimised their initial inventory.

Gleneagle is the house broker so I wouldn’t pay much attention to their forecasts.

I would expect Harvey Norman and several other but smaller retailers to be announced prior to JBH exclusivity ending late Feb 19. Better distribution should = better sales.

The issue of convertible notes to Gleneagle’s clients has given them the opportunity to cash in their existing winnings and still participate in any big upside. Classic win no lose as they are not forced to convert their notes. Might account for some of the recent selling.

GLTAH