Pump and dump just like Feltex.
But that company actually had some assets not just a brand and a mail list.
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For sure .. perhaps intending IPO's should publish a worst case scenario Statement of Estimated Position
with their filings, should things not fly well & wind in a tangled heap not far down the road .. ;)
A List of Fire Sale valued Assets may wake up most intending punters well in advance .. ;)
Noticed an increase in advertising and special offers (some to existing customers, some to new) since the IPO. Assume looking to boost revenue and report a good result. Hello Fresh also spending up on attracting new customers.
https://www.stuff.co.nz/life-style/f...-spinach-curry
MFB ‘cheat’ recipe for the week - kinda appropriate given how they ‘cheated’ retail punters off millions of dollars with sleek advertising, promotion and marketing to participate in the over-priced overhyped IPO?
Those curries just keep coming..
Indigestion and trouble at the other end seems likely at some point..
It's a haloumi and spinach curry that uses both haloumi and spinach as ingredients, how much of a "cheat" can it be? Hardly ground breaking or innovative.Quote:
Originally Posted by Balance;876817 [url
MFB has been through a few years years of its business transition to get it to a point of inflection. Market is currently waiting to see the results of that bear fruit before re-rating it even higher
March year end - better than expected result announced in May and an upgraded F22 outlook
In the meantime expect the announcement of the launch of of the My Pet Bag concept to take advantage of a fast growing multi billion pet products market.
I take it you havent cut your losses and run then ?
I think there is still a business here and a profitable one. Reality is though it's a long way off being a buy for me. Maybe around a dollar it will start to look about right.
Some people on this forum far to negative, it does actually turn a profit after all.