Ann: Conversion of Class C Performance Shares, page-75

FOD trading at 2x book value ($25m) with $7m of debt
1H Revenue of $18.2m for a healthy 31% GP margin
Revenues only up 24% vs pcp
1H EBITDA (profit) of $2.2m for the half
1H NPAT $32k

BUT.....

They are doing a great job of marketing to shareholders and investors! Today’s announcement provides an update as to the take up of their new product at Coles and also showcases one of their new products in development to which it is in discussion with in terms of distribution channels.

We have some promising products in the NPD pipeline at Keytone including the Nootropics Energy Drink range as well as the Functional BCAA range. I’d love to see Management showcasing these perhaps along with an update to the uptake of the Tonik range in a similar style announcement.