What is the likelihood of this falling further down into 70s tomorrow?
From what I gather from the announcement, FOD is going to distribute the Hand Sanitiser through Careline. There is a good potential that they may not secure a big order and are used to fill little gaps (I hope not). There is a lot of hype around Coronavirus and any listed company that has shown some interest or involvement in it, their stock prices have gone off the roof.
What could be the size of the order we might expect here, I hope it is in a few million and not a meagre 500k. There is "unprecedented demand" stated in the notice, this will be a good test of whether the message delivered to the shareholders translates into orders.
Unprecedented demand does not necessarily convert into Deals / Orders / Contracts etc. I hope I am wrong and proven so tomorrow or whenever the next announcement comes out relating to this.
Good luck all!!
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Ann: FOD to produce hand sanitiser under the Sanicare Brand, page-95
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