1. CEO is now our #1 Shareholder having accumulated and bought on market to do so. Owns just over 5% of the company. Closest to the ground when it comes to knowing where we are headed. Took Foreo from start up to $180m in turnover in six years. He’s two years in at Wellfully.
2. Directors have been buying on market
3. Reduit is growing revenue at about 20-25% MoM. Momentum is growing as is distribution.
4. OEM is growing also. Recent $700k opening order from Bork with forecasted revenue of $2m between now and September 2022. New deals very very likely and IMO will be much bigger than this.
5. Swisswell brand about to launch. Could be massive if gets traction.
6. Host of interesting and potentially massive products set to launch over next 12 months including Suncream, Cannabis Cosmetics, Hygiene devices.
This with a $13m MC....for now.
WFL Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
(20min delay)