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As I understand it, BH have developed a wide range of products based on FF. Their own brands will get first dibs on them, then all others will be available for their customers to buy. BH have then said that they have agreement from a large number of multi-national food/drink & VDS companies to commercialise FF. BH having agreement from companies for their products have then developed those products and submitted to SAMR for approval. Therefore I expect the initial BH order to not only be fulfilling their own initial product launch, but also some of their business customers too, whoever is ready to go. When BH order they will likely pay upfront the same as other customers do. PXS can use that money to fulfil the order for BH and buy their own stock too with the profit. Perhaps they will use their cash in the bank too, depending on the forecast. I suspect that China approval may unblock some of the customers that PXS/DSM have lined up too, where they are looking to sell in multiple territories. We just need this SAMR approval which is now due. I am hoping that there are maybe 12 - 15 products approved (for 5 years) and BH and their customers are loaded and ready to fire. Does anyone else agree, or am I just too optimistic?
Https://www.tomatonews.com/en/major-global-markets-and-chinese-tomato-products_2_2267.html
BB,
You could be right and that's another possibility.
I would have thought that an RNS might have been required for such a "substantial transaction" but that could be classed as "in the ordinary course of business" so maybe not.
As alfista pointed out, until we get an update or the Y/E results its all pretty much guesswork.
Gixer
We only had 145k's worth of inventory ( both FF+ and FF ) left at the end of Sept 2023. It seems unlikely to me that that stock would have taken us through to the end of the FY so I think we'll probably have bought more stock of FF from DSM between Oct 2023 and Feb 2024 ... which would have reduced our cash position.
It's possible our cash position is still healthy, but I doubt very much we're saving it for a big order.
BB
Yes, when BH put in a large order with PXS, PXS will need to put an order in with the manufacturer. PXS will want to order their stock for other customers as part of that order, as the large volumes will reduce the production costs, greatly increasing profits going forward. The PXS deal with DSM gives them stock at a good price, they don’t have to give any actual money, DSM don’t end up stuck with FF they can’t use, and it allows them to keep going until the large volume orders come in. Everyone’s a winner.
Fully agree that this would be the ideal scenario, but unfortunately our mushroom status leaves us guessing rather than informed in our speculations. I really can't see why, I think there is excessive secrecy at this stage of the company's history.
Only a personal opinion.
"there'd have been no need for a shares for Fruitflow stock deal"
I prefer to think that we had the cash to cover this but decided to keep it in the bank till we need to buy new stock from the manufacturer.
Just a word of caution sphinx.
If breakeven was being achieved, there'd have been no need for a shares for Fruitflow stock deal.
Just saying.
And they go better. Strange. ISA buying
Seller still about rather annoyingly.
I just paid 58 for 500k
Yes of course , but as they didn’t inform the market when they sold I wouldn’t hold your breath
I was just thinking about a holding RNS from DSM 🤣🤣
I thought we deserved one last week as I cannot see how we are not at least at break even .!Not Monday I hope just transferred the last of my shares into my new isa , don’t want volatility whils that’s going on .
Dare I say that we should get an RNS next week 😯🤫
Https://www.provexis.com/shareholder-information/major-shareholders/
Ah! Didn't think of that. 👍
That will be the other side of the trade Gix imo so yes.
Nice one xpub.
Is that your after hours 500k as well?
I buy through various spread accounts but also hold in ISA’s and Stock.
Some of these accounts can see the RSP’s and also work with MM’s.
That’s the way to beat the spread.
X Pub,
I saw both trades reported - one as an unknown trade and the other as a reported Sale.
I use the Hargreaves Lansdown Platform and the best quote that I could get yesterday was .64 (ish).
Well done and I will keep my fingers crossed for you (and all of us for that matter)
I bought 500k yesterday at 60 which had been worked for a while and I just got another 500k at the same level from SCAP who seem to be the seller.
If anyone wants, that may be the place to be.
I’ve got a delivery on it’s way , I’ll let you know .
Wonder what the "use by" date will be on the new batch? Suspect we might get one more delivery of the July 24 batch on our subscription deliveries, then we'll see after that.
Thanks for your thoughts guys , does seem to be in the same ballpark as I’m thinking .
For what it is worth:
1) We do know that the inventory held at Year end 31/3/2023 was worth £328K and the inventory held at 30/9/23 was worth £146,000 BUT we don;t know the split of that figure between FF + Omega (tablets) and SD II (Raw ingredient).
2) We do know that the approximate cost of producing £100K worth of sales of FF+omega 3 is £33K. We do not know the production costs of The Raw Material but could assume that it is lower than the cost of the tablets so lets assume £25K per £100K of sales.
3) This level of Inventory held at 31/3/2023 would appear to support sales of somewhere between £1.1M and £1.4M during the 2023/24 financial year - This is also supported by the sales figures quoted in Gixers post.
On this basis, the new inventory would support a similar level of sales in 2024/25.
Of course, these figures could be complete rubbish in the event that the Company also commissioned a new production run of raw product during 2023/24 - WTFDIK.