Is Inviro Animal Health Products your leading health products importer in SA?
Go to the South African Yellow Pages and search for Inviro Animal Health Solutions. The web address is: http://www.yellowpages.co.za/iyellow/
Will it surprise you if you are not able to find this leading importer and distributor of animal health products in the yellow pages search? What premise do they operate from? Do a search on the internet and see if you can find their website? Cant' find it - probably doesnt have one!
Inviro Animal Health Solutions, the great white knight incorporated that came to the party just-in-time for the 2004 capital raising. Again the great white knight incorporated came to the party just-in-time to satisfy the 30 September 05 sale covenant dateline!
And what happened to that $1.5M order? The approved pilot plant capacity is 2TPA and if you believe Melrose words - that's $2M products! What was the sale receipt for FY ending June 05 - $41,000. And part of this $41K was to NZ and not to our friendly White Knight Incorporated!
Very convenient and odd when you consider:
16/7/2004 CMQ in trading halt pending announcement on the same day as Inviro Animal Health Solutions was incorporated in South Africa.
18/7/2004 CMQ announced “Access to SA Poultry Market”.
27/8/2004 CMQ announced $1.5M SA sale contract.
08/3/2005 CMQ announced the $1.5M contract was due for shipment before 30/6/05 but customer indicated willingness to accept late delivery.
20/4/2005 CMQ announced “Chemeq will now commence fulfilling its existing AU$1.5 million sales contract in South Africa”
04/8/2005 CMQ newsletter – ‘we expect that the $1.5M contract signed last year will be fulfilled in the second half of the year’.
23/9/2005 CMQ announced $1.4M sale contract and ‘orders for the FY now exceeds 2000 units’.
Uh Ha A sale is a sale is a sale! Will it be reflected in sales receipts? You can draw your own conclusion!
CMQ Price at posting:
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