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Tiny MCap here still, if this gets going in China it will blow the roof off. Just hope, as the RNS says, that this IS complementary to the By-Health deal, we don't want to p!ss on their cornflakes.
market seems to like this update. Looks more than a pump before placing this time.
What it is, is the company complying with regulations, to report anything that is significant to the whole market. Anyone buying will know the need for funds, depending on the increased inventory necessary, the raise may be more than expected.
However, our own brand product expanded in to a gigantic marketplace has to be excellent news. Congratulations to Mr Ford for conducting this negotiation at a time when business travel hasn't been possible.
alfista - you are Ian Ford and I claim my £5 :)
Good to see they can sell FF+ now instead of waiting for the Bluecap.
"CBEC regulations enabling the Distributor to sell Fruitflow+ Omega-3 in China now, prior to the blue cap health claim which By-Health is seeking to secure."
I don't disagree with any of that Alf, this can only be positive news as the market has confirmed. I just hope the company had the courtesy and respect to make By-Health aware of what they were doing, before it was announced. No reason to think they wouldn't have, by the way.
First mover and hopefully increased margin prior to big by health launch
This all seems very odd. ByHealth are spending a lot of money for blue cap, would have thought in return they would have exclusive rights for China.
Is there any chance the distributor IS ByHealth but they don't want to announce that yet?
BoPulist - that was my first thought.........seemed very strange. Maybe this is an interim agreement prior to Bluecap and it's in ByHealth's interest because CBEC can help develop the market for ByHealth to reap future rewards if/when blue cap has been awarded
"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"
Sounds like a money up front deal?
Massive increase in stock levels were purchased recently (£90k) so can only assume the extra stock was anticipated for China. Could be a big first order for China but wouldn't like to guess how much profit per pack that would be.
Is it possible we could dodge the fund raise? at least temporarily until we find out how popular FF+ is.
Sounds good to me, Last time when the market in general was in pain, and Provexis share price shot up from 0.6p to 21p over 6 months as Coca-Cola showed interest in adding Fruirtflow to their products and then because they could not get the taste right for Coca Cola they pulled out of deal..
We all know Fruitflow does work and now the latest news is Fruitflow is to be available to all across China.
Which sounds good to me.
The Corona Virus attacks your blood flow by causing severe blood clots so to build up your immune system I recommend you advise all your family and friends to take Fruitflow which has been scientifically proven by the EFSA to improve blood flow and stop internal blood clotting .
"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".
"Fruitflow+ Omega-3 is currently available to purchase from the Company's e-commerce website www.fruitflowplus.com, Amazon UK and Holland & Barrett. Subscriber numbers on the fruitflowplus.com website have been growing steadily, and they currently stand at a further new all-time high level."
Sounds good to me.
Today was just a taste of things to come. I’m intrigued by the large number of small trades we had today - we also had some last week. Any good conspiracy theories out there ?
W$