My guess is they have finally done what they should have done years ago, and axed the man who promised China and delivered absolutely nothing. China hasn't worked, get rid of both of the oh so connected ones, and move on. They should also be recovering the $5.4m he owes them.
When Covid started, Fod announced they were setting up a new brand and were going to be selling sanitiser and disinfectant. Somehow, that turned into Fod supply Careline, and Careline distributing sanitiser under its own brand. Not sure what happened to the disinfectant - another product announced with zero follow up. Then there is Eridani. Trialed in Priceline in Sydney, no follow up. Supposedly selling in China, no update since the first order.
Daigous? Zero.
All the China roadshows? Zero. Sinopec? Zero. The Chinese retailers? Zero.
The Australian business is good. The Company should be worth far more than its market cap. Hopefully cutting the fat will give it a reset.
My guess is they have finally done what they should have done...
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.91M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.5¢ | $54.70K | 352.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39709 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 490479 | 2 |
View Market Depth
| Last trade - 15.33pm 29/07/2024 (20 minute delay) ? |
| OJC (ASX) Chart |