Something strange is happening at OLI. Seems like they have gone to ground and aren't letting the public in on what is going on.
- They missed their reporting deadline and have been suspended from ASX trading.
- The "Investor" section of their website has not been updated. Still quotes an ASX share price and references their ASX listing.
- Still a few recent posts on their Facebook page and Instagram of the shameless self-promotion type.
- Their website is now predominantly all about "Oliver's Market", their online sales channel for coffee beans, muesli, etc.
- The physical store component of the business appears to have taken a backseat based on observations of their website. You have to scroll to the bottom of the page and click on the small "Store Locator" link to see anything about the Oliver's Real Food outlets.
- I called into the Goulburn store this weekend and made some small talk with the manager who said he isn't sure what is going on.
I wonder if they are throwing in the towel and are now trying to gear the business to be a predominantly e-commerce operation???
Just my observations. Lack of info breeds distrust, and this company has lost a lot of trust already.
Happy for anyone else to share what they have seen or heard.
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- Oliver's Real Food - have they gone into liquidation???
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