Ann: Director Resignation, page-34

First 34 Last

Share
Profile

Follow
ghostnz

471 Posts.

29

01/07/20

11:01

Post #: 45561319
Share

Originally posted by mallcop: ↑

Pecc, I have also emailed Tony highlighting a number of problems surrounding the transparency of the company and asked several questions myself. None have been answered, so you are not alone. I suspect that the next set of results + 3 year business plan will answer the many questions that we all have. Importantly, from all the emails sent, Tony knows that shareholders are furious with how the business has been managed previously and the large concerns regarding related party transactions and Careline.

When I say hand in the Cookie Jar, I do not infer anything illegal, simply some very very concerning business practices. I have done a pretty deep dive on researching FOD so my comment isn't a throw-away statement.

As per my previous post I get the sense that the new management and Matt Bailey is making a very concentrated effort to put some distance between FOD, the Chairman and Careline.

The proof will be the margin received for the sanitizer sales to Careline. We know that sanitizer is a high margin business, so if in fact the business is unprofitable or is operating on razor-thin margins then we know that Norman has had an unethical amount of influence in negotiating the contracts. Especially as when Norman came on board originally with Careline shareholders were guaranteed that all FOD Careline contracts would be negotiated at market rates.

I can almost guarantee that if the Chairman has not been fair in his dealings, the new CEO will cut out Careline going forward. Outside of the Chairman's influence and shareholding, there is nothing binding FOD to Careline. To add to that, given Tony is hiring new executives such as the new Commercial Director Nick Stoikos it tells me that FOD is in fact wanting to build a business that is not solely reliant on Careline. I believe the team have seen the opportunity presented and believe that they can do just as good a job as Careline

Regarding the timing of results, FOD has historically reported at the end of August using the full two months allowed to publish its accounts. Given that the firm does not produce a quarterly, we may have to wait a little while longer

Expand

Would it be possible that fat Norman inflenced the board to hire the new ceo? In that case why would the new ceo turn around and bite norman?

FOD Price at posting: 5.2¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

IMA

Issues emerging as Australian companies tackle critical minerals challenge

There are more pages in this discussion • 10 more messages in this thread...

First 34 Last

Add OJC (ASX) to my watchlist

(20min delay)
Last 18.0¢		Change 0.000(0.00%)		Mkt cap ! $53.32M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Ann: Director Resignation, page-34

NRW Holdings inks $109M deal with BHP for works at Jimblebar

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Defence MOU for propulsion systems pushes Aurora Lab shares higher

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Cauldron Energy reports "excellent" uranium assays in latest drill run

Issues emerging as Australian companies tackle critical minerals challenge

Featured News

Featured News

Ann: Director Resignation, page-34

Top Stories

NRW Holdings inks $109M deal with BHP for works at Jimblebar

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Defence MOU for propulsion systems pushes Aurora Lab shares higher

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Cauldron Energy reports "excellent" uranium assays in latest drill run

Issues emerging as Australian companies tackle critical minerals challenge

Featured News

Featured News