Ann: FOD Investor Presentation, page-39

I’ll eat my shorts if it’s 40c by June.

Let’s assume FOD is trading on a somewhat traditional price to earnings multiple of 14. A pe multiple of 14 would be mean 2-3c per share. That is, they would be able to pay dividends of that much.

that cannot happen in the next 4 months because they are just starting to get their house in order.

This however is not taking into account that the market is an irrational mess. So sure, it could get to 40c but the market would be wrong to push it up so high without the promise of 2-3c EPS within the next 12 months from June. But even that would be wishful thinking at this stage.

I’d be more realistic and say I think this can form a base around 15c by June, if we get some more hand sanitiser orders, and we get our gel and powder products out the door to careline.