Australian Equities Day Presentation 2nd December, page-40

I believe that the BOD acted selfishly when they put forward the Resolution for Incentive Performance Shares before NZS actually commencing any meaningful trading. The annual sales of ling maw were close to $2m at the time of the IPO in May 2019. It is now 18 months later and we are still looking at a similar turnover.
We have read many positive announcements, but in reality there appears to have been no growth.

Both Winton and Andrew talked about growth by more acquisitions rather than organic growth. That is what I find to be a major concern.

Maybe we will see some growth in the Mar Qtr 2021 with Chinese New Year. If that is not evident, shareholders have a major cause for concern. NZCS is supposedly a commercial operation, rather than a cottage industry.