STI stirling products limited

Here is an email (I`ve put few post from here together) I sent...

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    Here is an email (I`ve put few post from here together) I sent first to John Diasinos (company secretary) and then to PB as I haven`t received any reply from Mr. Diasinos at first.

    THIS A BIT LONG SO SORRY GUYS FOR THAT.


    OK EMAIL TO PB AND JOHN DIASINOS:

    "Good morning Peter,

    I apologise if this will be a lengthy type of an email, but would appreciate if these concerns would be addressed.

    1. Is there a reason John Diasinos' email address is from zodiac, if he was appointed by Stirling? Or is he a company secretary for both companies?

    2. Is the Canadian Pharma plant alreasy been approved, or are you just getting ahead of yourselves? This is from the front page of http://www.stirlingpharmainc.com/ "At our Health Canada-approved facility we employ cGMP standards and advanced technology to ensure you and your customers receive high quality products, right-on time."

    3. There are some discrepancies with Prelim. Final report from yesterday and from last year (regarding year ended June 2009 - see bellow) the Preliminary final report for the year ended 30 June 2010 and the previous corresponding period for the year ended 30 June 2009.


    30 June 2010 30 June 2009 % Change 30 June 2009
    2.1 Revenue from continuing operations 451,063 678,004 (33) 571,277
    2.2 Loss from continuing operations after
    income tax expense. (5,322,624) (5,084,168) (5) (5,452,512)
    2.3 Total loss attributable to members of
    Stirling Products Limited. (5,322,624) (5,084,168) (5) (5,452,512)



    4. Just a few announcements that still leave me with a few questions on the transparency of Stirling.

    STIRLING PRODUCTS TO LAUNCH GENERIC PHARMACY RANGE
    FOR IMMEDIATE RELEASE
    23 December 2009
    Stirling Pharma to launch in Australia in March 2010
    National Australian Sales Representation in Place
    Establishment of Relationship with Major International Pharma

    TB AND HIV CLINICAL TRIAL AND MARKETING
    AGREEMENT FOR NIGERIA
    FOR IMMEDIATE RELEASE
    18 November 2009

    NORTH AMERICAN LAUNCH UPDATE
    FOR IMMEDIATE RELEASE
    21 October 2009
    Australian healthcare company Stirling Products Limited (ASX:STI) advises that the
    Companys first shipment of bulk botanical product arrived in Canada overnight and
    is now awaiting Bond clearance.

    STIRLING REPORTS INCREASE OF SALES IN MONGOLIA
    FOR IMMEDIATE RELEASE
    16 November 2009
    Australian healthcare company Stirling Products Limited (ASX:STI) is pleased to
    advise that the sales of the Companys products through its test marketing initiative
    in Mongolia have continued to steadily grow.
    The Company has been advised by its Network Marketing partner in Mongolia that
    total sales for Q2 and Q3 of 2009 were (in AUD) $120,944 and $201,002 with net
    profit for the respective Quarters being $17,879 and $42,876.

    IMMUNOXEL APPROVED IN SOUTH AFRICA
    FOR IMMEDIATE RELEASE
    26 May 2009
    Approval allows for Immunoxel sales as a TB and HIV treatment adjuvant
    Australian healthcare company Stirling Products Limited (ASX:STI) is pleased to announce
    another milestone in the expansion of the licensed (pending joint venture approval) botanical
    products to markets outside of Ukraine. Immunoxel (Dzherelo) has been granted approval in
    South Africa. This approval will allow immediate sales of the phytoconcentrate as an immune
    adjuvant for TB and HIV treatment.

    Reading back through the announcements, Immunoxel was granted access to the South African market and sales would begin immediatly. I wonder what has happend, South Africa is a huge market for this type of drug????????? at this time we already had sales in Mongolia.

    We don't need projected sales anymore, we need actually products and sales to move the SP.

    5. from a Progress Report 3 May 2010
    Trials:
    The Influenza trials in the Ukraine and the AIDS and TB trial in Nigeria are all
    progressing well and will be updated during the course of the next 4-6 weeks.
    Stirling also advises that the Companys South African Animal Products JV last week
    commenced a two month Feedlot Trial of the Companys patented animal growth
    promotion agent at the University of Pretoria. A total 80 beef cattle are being used to
    investigate the potential of the Companys beta agonist as an alternative beta-agonist
    to improve growth and efficiency of feedlot steers, as well as the related carcass and
    meat quality attributes.

    6. Major Partnership with Kidney
    Health Australia
    FOR IMMEDIATE RELEASE
    25 May 2010
    Pharmaceutical and Healthcare Group, Stirling Products Limited (ASX:STI) Is
    pleased to advise the Company and Kidney Health Australia have entered into an
    exciting national partnership.
    Mr. Neil Covey, Sales and Marketing Director of Stirling Products, concluded: We
    are honored, as a small pharmaceutical group to have been included in the
    formalities at Admiralty House during the launch of Kidney Health Week by Her
    Excellency the Governor-General. We also very much look forward to the
    forthcoming finalisation of a number of product marketing initiatives with Kidney
    Health Australia, the first of which we expect to be able to advise the market of during
    the course of next month.


    7. This is a view from a poster from a stock forum:
    " Are we in for some exciting times?
    Sale of offices in Sydney this week.
    On going trial of Telemedcare units in England results due in about 40 days.
    Opening of Canadian Factory soon and commencement of production expected by end of September
    Expected monthly sales of $4m with about a 40% profit margin.
    Possible third contracts
    Result of US Civilian Research & Development Foundation funded doubleblind, placebo-controlled clinical trial of its botanical immunomodulator ImmunoXel due by year end.
    Operational Protype of drug delivery platform due Q1 2011
    And some other items that I may have missed.

    I still have a concern with funding but surely with the above they should be able to arrange funding to cover cost until the money starts rolling in"

    8. here is other view from another poster:
    "I have so many questions flying about at the moment regarding past announcements by this management. More specifically, if you look at previous management, there are similarities. I'd like facts, not the same projections with a different colour paint.

    I also questioned where we were going with the Cipla/Stirling branded generics in Aus, we really only have Rose Hip and Aden and Anais at the moment that we are marketing. Yet statements have suggested we should have Stirling branded by now.

    If you understand Telemedcare you would also question Clinical use of the unit. I am not entirely satisfied that it will be successful with boots eg for patients to monitor their health they have to go into a Boots clinic and pay a fee to monitor their health. Tele health is based on the fact that you can monitor your health daily at home instead of going to the doctors. Not to count healthcare as such is free in the UK through your local GP.

    Why state that we are in discussions with 3 major pharma's for the drug delivery platform? sounds like a pump really.

    Why state we have grants of 3.5 million in the pipeline? do we?

    Why state over 12months ago we earnt $$ in mongolia from immunoxel, then state that we have been granted approval in Sth Africa and would focus on sales......then nothing!

    Also Peter reported to the media we are planning to have 25 scientists at the pharma plant and staff up to 150, yet we are going to try and sell Stirling branded painkillers in a tough market to begin with.

    Geez, even the website is taking it's time. And we had to raise 50,000 this week through the issue of 5,000,000 shares to pay a lease from past management.

    cash burn is the biggest prob atm

    and the fact that Peter has committed STI to a massive increase in share volume if all his plans get approval as per AGM required

    at the top of my head - locking in some not yet disclosed items,deducting realised sales yet to be done - we may get a 50-60% dilution on issued shares

    this is why I want some more answers as they're not in the just released ann.fin.

    Hinting at "insto interest" is all well and good - but first we need that cash and then look at dilution and long term viability
    (as I said before: if you pick up too many items in a fire sale, beware of not becoming a fire sale yourself)"

    I would like to thank you again for your time and looking forward for your reply.
 
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