March 2016 is supposed to be a new beginning right?
From Scottrade 10Q - Thoughts? this may a good time to buy in
On July 21, 2015, we raised 1.6 million dollars through private placement. Using the proceeds of this offering, we resumed ginseng beverage production in October 2015, and applied a new reduced size ginseng beverage (40 ML) in January, 2016. We estimate that it will be approved by SFDA by March, 2016.
We believe that we will be able to improve our sales on ginseng juice in 2016 through 1) online shopping platform that has already started to develop since October 2015 which will provide customers with easy and convenient access to our products; 2) rebuilding our distribution network; 3) starting to establish our own nationwide store to sell ginseng beverage. However, assuming those changes having taken place, there is no assurance that our sales of ginseng beverage will meet our expectation as the market conditions may change.
Meanwhile, in order to enhance overall revenue of the Company to generate profit, we are going to establish a new business, which is eyes-health care center under our subsidiary Jilin Huaxia in March, 2016 and we expect that we will generate the revenue from this business in May,2016. However, there is no assurance that such sales will meet our expectation as the market conditions may change.
