FULL GLAUCUS RESPONSE

Glaucus intentionally cites misleading pricing data, again. See full "report:" https://glaucusresearch.com/wp-cont...sponds-to-TFS-Quintis-QIN-TFC-Mar_29_2017.pdf

Glaucus does not distinguish between Sandalwood types - which is highly material to pricing. They cite indiscriminate Indian import data as proof.

1) Publicly available prices for East Indian Sandalwood oil on Amazon (in US) imply $4,900 USD to ~$12,000 USD per kg depending on quantity (how could Glaucus claim $500?).

2) Sandalwood from Hawaii, Venatu, India and Australia all have vastly different prices. East Indian Sandalwood "Album" is the most expensive. That Indian import data would not have distinguished by type, let alone quality within each type. Quintis grows the expensive stuff.

3) Who trusts Indian import data?