TFL - TasFoods (was ONC - On-card International)

[steve fleming]

Looks interesting.....

m/cap @21c = $4.4m

Cash 30 June = $5.3m

Net assets 30 June = $4.7m

Yesterday announced the acquisition of an artisan Tasmanian premium dairy and cream products:

http://www.meandervalleydairy.com.au/

Announced appointments to the ONC board of:

Rob Woolley - longstanding BAL chairman
Roger McBain - husband of longstanding BAL CEO - Laura McBain

Hugh Robertson rounds out a very impressive board for a $4m m/cap company.

New directors/execs to put in funds at 21c and 42c.

Read more about BAL/ Mcbains / Woolley :
http://pubacct.org.au/chinese-export-bonanza/


They have quickly turned BAL into a $600m company, (branded, organic baby food products), wonder what they can do with this cashed up little $4m company in terms of monetising premium "branded" Tasmanian dairy products??