Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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An admission of shares is a notifiable obligation. Unfortunately a trading update isn't.
I am not sure that I understand the reason for that RNS yesterday as it contains no information that wasn't already contained within the previous RNS Announcing the issue of new shares (to fund the purchase of inventory from DSM).
To be honest I am more than a little disappointed that the Company haven't issued a Trading Statement to present an overview of the results for Y/E 31/3/2024. I don't know what the AIM rules stipulate BUT I would have thought that our Income for the Year is in the region of £1.0M - £1.2M. This represents a minimum increase of 150% over the income figures for 2023 and, as such, I would have thought that this represented such a significant increase and such a significant change to the trading conditions of the Company that some form of Statement would have been a minimum requirement.
Having said that, I am not sure that the increased revenue will impact on the overall "Profit" situation yet. Whilst I do think that our General Trading Profits will have increased quite significantly, I am still projecting that the ongoing Royalty payments and the ongoing R&D Costs will outweigh these profits by a considerable margin. However a Trading Statement will, in my opinion, identify the current pace of upward travel.
Yes maybe I should forward it to DSMV
:)
There you go gixer
Many thanks both
XPub
As Gixer says, that was about FF as an ingredient rather than FF+.
If memory serves me right ( though it might have been a rival product ? ) I think we did some work on the shelf life of FF+ a few years ago which resulted in updated labels being stuck over the original date ? It's by no means impossible we could do something similar with the July 24 batch, I suspect though, given the likely small volume of July 24, if needs be it'll be more cost effective to sell it off at, say, £10 a packet as low shelf life stock and move on to a new batch.
fwiw - my gut reaction is that the main driver of the shelf life for FF+ will be the fish oils rather than the WSTC, but that is just guesswork.
The last we heard was in December.
"(ii) recent stability data which suggests that the best before dates could be further extended" but this was for Fruitflow stock from DSM and not Fruitflow + Omega-3
Never heard if the date could be extended did we ?
Hopefully we won't be left with too much stock that we either have to write off or sell at a large discount.
Given our total inventory of both FF and FF+ was ~145k at the end of Sept 2023 we can't be far off the end of the July 24 FF+ stock, so even if we had to write it off it'd be in the 10's of k
BB
Just got this months FF through.
Still expiry Jul 24
Whether it’s for erectile dysfunction, preconception or meat processing, you need a bit of Fruitflow in your sausage.
Hopefully they’ll order a few tons of ff for the sausages before blue hat !
Example 4, treatment with the composition of the present invention without water-soluble tomato concentrate can also significantly improve the sensory evaluation of beef pellet sausage, but the effect is obviously inferior to that containing Treatment of water-soluble tomato concentrates with compositions according to the invention.
All sausages need a bit of WSTC.
Slam, yes ff seems to be used for the meat preparation in sausages.
Ershang Meat Food Group seems to be a large state owned company so who knows how much sausage meat they are preparing annually.
Could be another bonus for Fruitflow.
The patent does say.
"The water-soluble tomato concentrate used in the following examples can be Fruitflow from By-Health Company."
Totally agree "but it didn't mention By Health/ Fruitflow
The whole point of Blue Hat is to clamp down on fake goods and unscrupulous companies .
So By Health invest millions in developing Fruitflow as an established and reputable western brand. Then use a non verifiable copy, which would destroy entirely the market attractiveness of a new product.
I say that is utterly nuts !
Knowing the Chinese a cheap copy 😆
"can be Fruitflow from By-Health Company."
Or maybe from Provexis.
Can be Fruitflow or is Fruitflow?
Yes, another great find Gixer.
What is quite interesting is that it seems that they have included WTSE as an ingredient because of its beneficial properties in the meat preparation AND NOT because of its health properties. Potentially this represents another completely separate and significant pathway to extend the commercialisation of the product.
Gixer,
Great find. So now it cascading to our daily life. Wonderful.
Patent Application
Assignee :- Beijing Ershang Meat Food Group Co ltd and China Meat Research Centre
Published 29-03-2024
"Abstract
The invention provides a composition for improving the quality of beef pellet intestines and a method for processing beef pellet intestines. The composition of the present invention contains papain, lipase, glutamyl transpeptidase, alkaline protease and water-soluble tomato concentrate."
"The water-soluble tomato concentrate used in the following examples can be Fruitflow from By-Health Company."