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Hopefully more info in the results , think you were right and they will be 29th , but with the extra time perhaps more news as we will be 10 months into the 20/21 year
I hope you are right and probably are but until we know who the Chinese distributor is and are selling ff I am trying not to get excited.
If the distributor are not going to market it properly then the whole deal is pointless , surely they already have a market through their e channels , it seems to me that if they do not promote ff+ they won’t sell any ,after saying that I do feel there is a ready made market in China , as IF said in the Rns , ff is particularly relevant to the Chinese and I assume eastern cultures , with the raise being so big I do feel they are trying to jump on the bandwagon of online sales at the moment in that part of the world . Bwtfdik
I hope there is something in the agreement to ensure adequate marketing by the distributor.
Fairly clear this’ll paragraph from the CBEC announcement .”The agreement announced today grants the Distributor exclusive rights to import, market and sell the Company's Fruitflow+ Omega-3 dietary supplement product in China through the CBEC channel, with immediate effect. The Distributor will purchase Fruitflow+ Omega-3 as required from the Company, and the Distributor will then market and sell Fruitflow+ Omega-3 in China through its existing network of e-commerce and other sales channels.“
Yes on a sunny day no better place. We use it a lot for eating out and I will be joining there darts team
Vine Tree’s beer garden in July, sounds an excellent plan ?
It may be ! but im not an expert on selling into new markets , I try to look at the basics and as our distributor seems able to do promotion / marketing and selling I think that cost will not be ours , it seems they will purchase ff+ from us as and when they feel they can sell it into the Chinese market , I feel our job will be to make sure there is a supply chain that can cope with much larger volumes than we have seen up to now . I wouldn’t have thought IF would raise so much if he wasn’t confident that he can sell this huge commitment (by our standards) . I am only guessing as we all are .
Think that's a skewed way of looking at it. Just because a company has more stock has no bearing on what sales are created. Launching in to a new market has varied extra cost, getting an established repeat buyer base would take a lot of promotion.. Costs come before rewards, often by quite a long way. Adding subscribers is key, and having some sort of advertising push will be required. The big problem these days is the plethora of routes to market, all of them costly but not guaranteed to work. Of course, in the case of USA there is an already established relationship with the Make Bezos Richer company, but there could be regulatory reasons to overcome before direct selling could be initiated.
I feel certain that the big extra capital raising is with a plan in mind.
So if they use £700k of that money for inventory and that equates to 31%cost , revenue from that investment equals about £2.25m . Will be interesting to see how long that stock takes to use up bearing in mind that our distributor will be paying upfront .
Yes, as far as I am aware, cost of sales is only related to FF+
Gixer correct me if I’m wrong , in the finals cost of sales was £35k ,against a revenue of £348k but the AA has all cost taken by DSM before we get our cut ! So cost of sales can only be cost of ff+ sales £115k , this works out at about 31% , so the £1m could go a long way if it is Used only for inventory !
We were told at the end of September that they had "recently completed a new production run for
Fruitflow+ Omega-3 resulting in a planned increase in inventory of approximately £90k" I would assume that would cover the initial stock for China so would depend on how close they are with the other international customers/distributors. In the past we have been told North America is on the cards.
"Further UK and international sales channel opportunities for Fruitflow® + Omega-3 are currently being
progressed, and the Company is actively seeking to launch the product online into wider international markets
to include North America."
Fruitflow with nitrates project/product will be on the cards as well I would imagine bwtfdik.
Wonder how much of the £1m will be used for stock ! How much would that translate to income ? .. “The funds raised will provide the Company with additional working capital to support its international revenue growth plans for Fruitflow+ Omega-3, particularly in terms of inventory, to include the Chinese CBEC distribution agreement for Fruitflow+ Omega-3 which the Company announced on 16 November 2020.”
My wife said we are going in June to the IOW not July so yes can meet you for a few beers. Just let me know closer to the time on meeting details
Crown/Alpine//Clothiers/Albert/Bear/Lodge, that brings back memories...
Amberley replacing Minch Youth Club more appropriate these days !!!!!!
Let's rally make it a pub crawl and add the black hourse and amberley inn
10p at the old lodge, the bear, followed by the reopened crown minchinhampton after 4 years. We can dream.
Kievsky
that’s a plan.
1p - @the Crown
2p - @Egypt Mill
3p -@Bear
5p- a couple at each
W£
Typical. I go to the Isle of Wight that day for 5 days. If your down any other time then yes would love a few beers and chat. We still have a few pubs left
5p would be good.
£110 mill for all the things FF can do for the world is cheap in my mind, but would take it !!!!!!
Just trading some for fun, usually manage to increase holding by a few thousand every now and then - I’m sure many others are doing the same.
5p would be nice.
I’m down in Stroud for a few days around 27th July this year, we should meet for a pint
W£
"It appears that our new and existing investors have not breached the 3% notifiable interest threshold"
I agree but as I stated before, SL must have added as he would have gone below 9% with the extra shares issued in the recent placing and would have had to notify.
Ok. Thought you meant 100 grand GBP. Was going to say fair play. But you will get a lot more than that soon. Bid and ask are all over place. Bid has not been above 0.71 today in real terms. Not as though I will sell any to there 5p +
£848