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Ann: Trading Halt, page-14

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mattyedw

7,285 Posts.

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11/10/21

13:52

Post #: 56710634
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Originally posted by hopeful2 ↑

I wonder if the non-binding agreement is anything to do with this:

"The agreement with Mutiara only comes into effect on a positive outcome for the
trials and after Chinese regulatory approvals are granted. Mutiara is responsible for
importing Holista’s collagen into China and for obtaining all necessary approvals.
The testing, validation and licencing processes in China are expected to take several
months to be completed. Holista is not providing any financial support for the
approvals process as the Chinese SOE will fund it.
Subject to a successful outcome of the trials and Chinese regulatory approvals,
Mutiara will commit to purchasing the entire 48-ton annual production capacity of
Holista’s existing Collie Plant in Western Australia, over the following 12-months.
The minimum annual order requirement for Mutiara to retain exclusivity in China over
the five-year agreement increases to 144 tons in year two, 288 tons in year three
and 576 tons in years four and five.
Mutiara will pay a 50% deposit upon placing an order and the balance before Holista
facilitates delivery of the collagen.
The agreed price for Holista’s collagen is $75 per kilogram, Free On Board (FOB)
Perth, Australia. Holista can increase the price of its product by providing a 90-day
written notice to Mutiara.
The revenue Holista will receive under the agreement is sufficient to fund the
expansion of the Collie Plant, which will only be undertaken from year two onwards."

- May 2021

If so, then exciting times ahead. 576 tons in year 4 and 5 at $75 per Kilogram!! You do the Maths!

Yes, Holista is under an ASIC investigation but as the document stated: "There is no allegation in the proceedings that the Company has engaged in any misleading conduct or failed to comply with its continuous disclosure obligations
since July 2020. The Company remains focussed on executing its growth plans,
which were outlined in its AGM presentation released to the ASX on 30 July 2021.
The Company does not expect the litigation to interfere with its operations."

You would think, therefore, that everything they do from hereon in would be squeaky clean given the ongoing court proceedings. Anyway, GLTAH.

Expand

Subject to a successful outcome of the trials and Chinese regulatory approvals,
Mutiara will commit to purchasing the entire 48-ton annual production capacity of
Holista’s existing Collie Plant in Western Australia, over the following 12-months.

A “non binding” agreement would not coincide with that Ann, if the testing had been approved to move forward then that Ann says they would have to be bound by it not “non binding”

whatever their planning it has absolutely no concrete plans to start a run in the SP

HCT Price at posting: 6.0¢ Sentiment: Hold Disclosure: Held
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Ann: Trading Halt, page-14

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