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Morning Traders 26/02/2020, page-242

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RestlessHobo

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26/02/20

13:00

Post #: 43162246
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Originally posted by kellbys ↑

Cheeky-charm.

just to set the record straight FOD is under new management with Mr Li who now holds 34% of the Company and is injecting $20 million into upgrading the Companies production facilities in Melbourne.

He also has extensive contacts in the lucrative Chinese marketplace , not to mention his contacts in Australia through his existing Company and also his extensive Daigou group who ship product directly into China!
Further the Company has now moved into the very lucrative hand sanitiser market with it's first order totalling $2 million with completion of order expected in about 3 weeks and money in the bank.

Further annual revenue is estimated at $40 Million and half yearly report due this week to confirm those figures. Management projecting 5 yr revenue to increase to $500 Million.

Have a go if you want but focusing on previous management failures has little relevance to the current FOD moving forward! It's like telling people to dump FMG because Twiggy once had a Company failure!

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u forgot to highlight parts so it looks like an infomercial
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