exactly Mallcop, FOD are contnuing to demonstrate their ability to scale up a loss making business !!
beside the share price remaining lack luster at 2.4c after this announcment, the silence of Wise-Owl speaks volumes.
my take is that Wise-Owl cannot afford to bring any more of its 'members' (aka commodity in my eyes) to the FOD share register and have them risk capital and inturn Wise-Owl damage the reputation it so badly relies on with its 'members'
Tony's departure was pivotal IMO, and I beleive signalled deep issues at the Board level.
All of this going on alongside extended Victorian covid lockdowns, irrespective of whether FOD are "essential" and allowed to operate with Victoria and NSW in lockdown that's a couple of quite populated states without as many people in the aisles too.
FOD Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held
(20min delay)