Interesting I did not know they had a sales area in a different part of St Lukes, sounds like they did end up with too much inventory.
Any idea on this?
Also I do not think their cash position is just due to over purchase of inventories, Maybe lumpy payment terms to suppliers?? how does $4M extra inventory = $14M in extra payments to suppliers?? They also paid $5.2M in tax (HY15 $4.2M) and tax bill for HY16 was only $2.7M.