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1dmg1

07/30/12 8:25 PM

#6578 RE: Hoozyrdadi #6575

'h' you do have a valid point, and as most on this board would agree, Wang and group have some explaining to do. I am not a fan of Wang as many of my posts indicate, but I do feel he has been getting direction (finally) from others who can give better direction. I am clearly not an expert, but working with an fcpg type of company when i was a hell of a lot younger, the quiet indicates action behind the scenes and we just have to wait it out. Safe to say any missed deadlines and all bets are off. most posters here have pretty strong business backgrounds as you probably do. I don't think we would call ourselves optimists, but cautiously optimistic. The rub for many is our backgrounds force frustration to come out. For the sake of this board it would be interesting to see what solutions one can present for fcpg moving forward. Each of us knows what is wrong at the current time, but every problem needs a solution. I call it constructive corrections. Since I am asking for suggestions, I'll go first. I want to see fcpg move to a electronic platform that offers those with contracts to order online and eliminate middleman and associated costs. If they can achieve this, Pbm style of landscape can be implemented and off shoot business developed. Your suggestion please. Regards, David

novicetrader1

08/01/12 7:00 AM

#6592 RE: Hoozyrdadi #6575

Good morning all,

Hoozyrdadi, I wanted to attempt to provide an answer to your question. This was taken from the Nov 11 PR:

As the Chinese government increases pharmaceutical spending per capita, its objective will be to provide as much as it can for the money spent. With gross profit margins in the range of 4% to 8% the company will continue to focus on increasing sales volume. The Company is also in the process of applying for an import license so that it will be able to import and distribute higher margin drugs that are available in the West but not yet available in China.


I believe one of the 10Q's stated it may take up to a year to obtain this license.