Page 3 - Gday Imports Dec2020 Investor Update

We’re very excited about the new formula and juice for Bombora which is now distilled 10 times instead of 7 from premium red and white grapes. The most recent grape crush (juice) we purchased exceeded all of our expectations. Tastings of experts and top mixologists throughout the world, agree. It’s a winning formula. Dealing with China’s production of our bottles has resulted in savings of more than 35%.
It has been a challenging process though and we have incurred issues and delays, but have worked through them. We have focused on using the best manufacturers which are 15% higher than the lowest priced man- ufacturers but come with a lot less problems. Our partners at Ace Causal are conducting on-site visits to the manufacturing facilities in China to inspect production and doing QC on our behalf.
The new Bombora 1L and 1.75L bottles landed in Q4 of 2019 and are gaining acceptance in the market. We believe our sales by Q3 2020 will be split almost equally between Bombora 750ml, 1L, and 1.75L.
Capital and Exit Strategy
The Board has voted to authorize an additional $2 - $5 million capital raise for marketing in Q3 of 2020 to be directed by our partners at VMLYR. We currently have an individual who has the first right of refusal on that $2- $5 million raise. The BOD will price the shares accordingly for this raise. G’day’s share price is currently $3.17 per share and we anticipate a $3.75 - $5 share price for this additional $2 - $5 million capital raise. We anticipate this will be our last raise before exit.
We currently have 53,000 shares left from our 2019 production raise at $3.17 per share. If you or anyone you know is interested in purchasing any or all of the remaining 53,000 shares, please email Dave at dfreyder@ gdayimports.com as we plan on closing these shares out in the next 60 days.
Our goal is to run up case volume and garner offers in the next 24 – 36 months from potential buyers. We have identified several potential exit strategies and need to increase case volume which we will be able to do with the increased inventory we are putting into place.
We plan on doing several Investor update meetings in February in St. Louis, KC, and NOLA to update investors and give an overview of our growth and new markets we will be adding in 2020 and 2021. Details on location and dates/times of these update meetings will follow.
In Closing
Thanks to so many of you who have been helpful in securing new accounts this year. It really makes a differ- ence. As an owner you can help by making sure you visit venues that sell your product, purchase your brands at liquor stores (grocery stores), and letting us know any good connections you have with any bars, restau- rants, and liquor stores so we can follow up and get our products cut into these venues. Please email Michele at mfreyder@gdayimports.com and she will make sure we follow up with these accounts.
As we move into the year ahead, we wish you a healthy, happy, and prosperous 2020. We thank you for your continued support of the brands, and look forward to increasing sales, distribution, and brand awareness in the new year.
Cheers,
Dave and the G’day Team
Happy Holidays! To:
From:
(And you thought I got you another fruitcake!)