Great to see the founder of Healthy Mummy starting her new...

Great to see the founder of Healthy Mummy starting her new business after walking away with $millions from a deal that is question by so many, while us shareholders are still here counting our losses.

Halo board valued the business based on approx 4.1 multiples of FY21 upfront EBITDA. How can the board approve this valuation and pay out based on one financial year, especially when the EBITDA was not in line with the previous years?

According to Smartcompany website, Sydney entrepreneur Rhian Allen has been working over the past 18 months to sell the business.

Allen says she has been approached by potential buyers on multiple occasions over the years, but when Halo Food Co got in touch 18 months ago, she immediately felt the partnership would be a good fit.

Why did the deal take 18 months? Why was profit and sales significantly higher than the previous years especially in the FY21 when they were 'negotiating'

Did the board complete proper due diligence?

Deals like this are why people are reporting this company to the ASX especially when the 'highly profitable' acquisition like this and Omniblend are not positively contributing to the cashflow.