Expect around $540k gross profit from the rice crop. Hopefully...

Expect around $540k gross profit from the rice crop.
Hopefully things are going to start moving from here on.

In the 4th March announcement they announced the $700k placement agreement with Mr Wu, plus another $300k convertible note issue with him, which will convert to shares at 6cps, after AYB shareholder approval.

They mentioned they were raising a minimum of $3m, so will be interesting to see what the final figure is.

With the desire for the Chinese to get supply of Dairy and meat products such as lamb at the moment, AYB should be in the right place to take advantage of this growing demand.

Regards
Dabru

DYOR/IMO