Not vested. And how will the current floods in Thailand affect them ?
Profit WarningThe board of directors (the ‘‘Board’’) of Asia Cassava Resources Holdings Limited (the “Companyâ€) wishes to inform the shareholders of the Company and potential investors that, based on the information currently available to the Board, despite that the revenue of the Company and its subsidiaries (collectively the “Groupâ€) for the six months ending 30 September 2011 will record a satisfactory increase over that for the six months ended 30
September 2010, it is expected that the profit of the Group for the six months ending 30 September 2011 will record
a significant decrease as compared to that for the six months ended 30 September 2010.
To the best knowledge of the Board, the expected decrease in profit of the Group is primarily caused by the fact that, as previously stated in the Group’s annual report for the year ended 31 March 2011, amidst the rising Consumer Price Index in the mainland China,
the rise in domestic price level of corns was controlled. Thus, the Group was
not able to set its selling prices with reference to the international cassava chips prices and fully pass on the rise in procurement cost to its customers, which results in a decrease in the Group’s overall gross profit margin.
http://www.hkexnews.hk/listedco/listcon ... 930713.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"