Ann: FOD receives first order for $2 million of hand sanitiser, page-119

FOD is trading very similar to HCT after they first made Coronavirus hand sanitiser announcements a few weeks back!

HCT was trading around .07c to .08c pre announcement, then bolted up to .115c, only to retrace back down to about .088c in the following days as traders took their profits and exited. Smart investors who could see the potential were loading up at .09c.
Then the next announcement and boom the share price bolted all the way up to .175c to come back and settle around .15c for a few more days.
Then the next big announcement and boom away she went to .23c...

Get the picture? The market slowly wakes up as more and more news is released, but smart investors see the potential early and load on weakness as the impatient traders sell, usually for a loss or a pittance. Those who get set early and hold tight through the ups and downs, go on to make the real profits once the real rerate kicks in.

Today was a buying opportunity!

For a Company the current size of FOD a $2 Million order that is going to be filled within 4 weeks is a big deal and the promise of further sales being imminent as mentioned by management is a big red flag to any investor.

A $58 Million MC for a Company that will have revenue well over $40 Million this year is chicken feed. The rerate is coming as the sanitiser orders roll in.....