multiple things have landed us here:
- lack of updates on Wellness Shots progress in the market place
- absence of a FY21 guidance (which was received in 2020 on the 10th of June last year), it is now only 7 days out from actual EOY, so surely something could be offered as an update ?
- Careline appearing as it it is possibly competing against Eridani, whilst at the same time there being no other updates as to Eridani progress either
- the Board have not delivered upon their own action plan to establish a review of the Board roles and responsibilities and appoint independent Directors stemming out of the Tranche 5 fiasco (Novemebr 2020)
- no updated progress on penetration into the Petrol / Convenience sector
- is carbonated Juice still a thing for FOD ?
I also think that the visibility of almost $250K in Related Party payments to both Careline (Norman) and Healthy Generation / One A Pty Ltd (Matt Bailey) is hard for long suffering shareholders to accept too.
I for one want to see the broom put through the Board Room, like the Board themselves have agreed is needed. Actually isn't it an ironic failing of them collectively in fulfilling their duty to shareholders to not have already actioned that plan as communicated on the 25th of February , being 4 months ago now ?
25-11-2020 - Quarterly Activities announcement
25-02-2021 - FOD Audited Results announcement
GLTAH for sure ! $244K in related party payments ? {shaking head in disbelief}
(20min delay)