They’re forecasting sales only around $2 million based on the current rollout, I don’t see this stock as a pump up as their products are just over the counter items and yes the branding is clean but it certainly won’t do the 42 exit.
42 had a sweet spot in the market that the majors hadn’t tapped where this is a rugby player earning a fee and I’m sure they will seek good press to support the brand where possible.
I purchased just under .13c as a medium term hold maybe 20c over the coming two years gives 25% PA bit let’s all wait and see if they manage to pick up more distribution channels to boost revenue
I made good money with FTB a few years back - didnt have the nerve for ecoya or moa though... I do tend to be wary of All Black endorsements (like Weet Bix...)
I will pass on it now there’s no value when they’re trading at the same level and given the rights issue not long after listing they might drop further
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