FOD seem to exist to pay management and Related Parties, for example the recent round of KMP options at just 3.5c for Managers simply to deliver profits which is inherent in the very role of being a manager on a 6 figure salary, is extermely similar to the culture of 2016 where the Board / Managers rewaded themselves with significant performance options. And then not long after that Matt Bailey tried to offload a wellness food brand onto FOD shareholders that was first voted for by the board and then revoked by the same board.
Once you do your research of the Top 20 shareholders, and deep dive their backgrounds, including prior relationships on other boards with other Top 20s, you'll get a bit of a view on some of those involved.
The recenlty lodged substantial holder update from Batman Holdings dropped in another piece of the puzzle actually.
connect back to these dots : Deloites / Photon and you'll see it too.
on the business side - so delayed to eventually do carboted juice cans, delayed to deal with Greensill debt arrangemnet, grow revenues to still not achieve cash flow positive, wellness shots delayed and when they do come out sitting pretty for Mojo and others to simply compete alongside of, doubt there was even a trademark over the flavour names and I recalled seeing a Mojo with an identical flavour name, Eridani ?? what happened to that, where's all the benefits that Chairman Norman Li was to bring to the company, whilst his own Careline brand competes at a lower price point in the same collagen space.
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