Interested in yet another possible pending train wreck mate but I can't access the link ? Says permission for referral from sharetrader refused ?
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
I think this means serious discussions between management and the auditors and a few late nights too boot. Code for the auditors are not too impressed ?
Fully expect that Comvita will come up with a write-off but it's all good as it's 'non-cash'!
Coincidentally, I met up with a Northland beekeeper whose manuka honey inventory has been rendered non-manuka honey grade due to the stringent standard now imposed by MPI.
He is not taking this development lying down and a group of them are in 'discussions with MPI.
Interesting read for those who could be bothered :
Just been in an upmarket supermarket in Shanghai - (relatively) big Comvita display with staff member there for the hussle. Had some big containers of honey 1 for 750 or 2 for 799!
Interestingly, had a big display of Zealong tea that looked very good.
Just been in an upmarket supermarket in Shanghai - (relatively) big Comvita display with staff member there for the hussle. Had some big containers of honey 1 for 750 or 2 for 799!
Interestingly, had a big display of Zealong tea that looked very good.
delayed financials .. this is bad auditors must have flagged something as not acceptable?
Highly unusual and will most likely result in a qualified audit report. Probably a very bad sign that the only independent party scrutinizing the books and systems doesn't believe the "story".
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Fully expect that Comvita will come up with a write-off but it's all good as it's 'non-cash'!
Coincidentally, I met up with a Northland beekeeper whose manuka honey inventory has been rendered non-manuka honey grade due to the stringent standard now imposed by MPI.
He is not taking this development lying down and a group of them are in 'discussions with MPI.
Interesting read for those who could be bothered :
I hear that alot of east cape Manuka is in the same boat.
The MPI standard is BS, they just came up with it because they 'politcally' couldnt adopt what UMFHA was doing. Theres was perfect either but better than what they have now...
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