LIke I said way way back. A2 doesn't have immediate stocks that's readily available. They said they can allocate 1M can till November.
That's 3 months away and cannot be done straight away because of lead time and logistics and probably staff shortages in manufacturing and raw materials that's happening everywhere.
FDA wants NOW! Stock availability to supply.
BUB and Care A2 have lots of stocks in their warehouses because they're not SELLING here. Their sales revenue is low. You can see them most of the time on discounted prices and full stocks in CW and Cole or Woolies.
What it means A2 is selling well in China.
Wait and see the FY report. The writing is on the wall.
It's probably the reason they mentioned "It will takes some time to resolved".
DYOR
Deferral is not rejection! This looks like a pause whilst they clean house, page-44
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Last
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.87 | $6.78 | $8.532M | 1.250M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2151 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 27162 | 5 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |