CAI 0.00% 11.5¢ calidus resources limited

comments from the agm

  1. 26,756 Posts.
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    Scandal, attended the meeting on behalf of many shareholders in the pno meeting group, as its in perth and many of us cant attend.
    The meeting was very positive, and Jeffrey Edwards spoke well of the things they have done.
    Things are on track, and they are looking at another maufacturing facility, to minimise risk of disruptions.
    Sales are increasing, and the brand is starting to be recognised.
    Scandal, brought up last quarter 250k spent for 7k of sales, Mr palermo responded a lot off 1 off items re branding etc, and it has been addressed for the future.
    Scandal also brought up that as shareholders we have very positive comments to say about the product, however we feel that lack of timelines of future products etc needs to be changed.
    the company has employed someone with 20 years experience to look at the internal operations of the company, to streamline etc an assist. This is a great move by the company as we look to expand product range and possible licensing our products.
    John Palermo made mention of things that held them back, but have now been overcome.The pharmaceutical industry is a difficult one. we have passed all the tests now to actually get a product into the market, that has been very well received. This little ugly duckling will turn into a beautiful swan over time..
    All in all a positive meeting, and scandal came away with a sense that the future is good for the company and for us shareholders.
 
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