That mish mash of businesses made 31 million dollars last half yearly.
It overstretched itself in Europe and in marketing of it's brand products, where it doesn't have the capacity to promote on a global scale.
This resulted in the writedown of 24 million which has seen its sp plummet from 45 -15 c in 12 months.It still has a NTA of 37 cents.
It's contract business is a profitable business.It has a valuable connect to pharmacy outlets for it's speciality products and programmes such at the Impromy weight loss programme.
The company just needs to reign in it's expenses and cut is bleeding ulcers, which seems to be the company's intent.
I am expecting a much brighter 6 months report than the previous 6 months.
We will soon see.
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