Yeah, that 3-7 year old category. Saw that, they know exactly what chinese regulators are looking for.
They have high staffing costs, their sydney office is expensive and they are building the new factory. I have asked them how much it is costing them to build, they have just under 10 mil in the bank and lost 63,000 dollars this quarter. The staff cost are estimated to go up next quarter, not sure why, asked them about that too.
They have a New Zealand sales team and Kiwis are not the most aggressive or assertive sales people and their quarterlies are dry. Hope they hire some Aussie sales guys to the team who can push their sales and product line up and get them a infant formula licence in China.
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Yeah, that 3-7 year old category. Saw that, they know exactly...
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