MFB - My Food Bag

**winner69** · 12-10-2021, 06:23 PM

A 120 close

Media reports that most analysts still value it above 180

**Balance** · 12-10-2021, 06:34 PM

Originally Posted by Getty

Looks like someone hit the panic button, or did they get a fly in their soup, or is there a falling knife in the kitchen?

$1.20, -5.5% so far today, on $514K t/o

Name change coming for MFB to MPB - My Puke Bag.

NZX should hang it’s head in shame - its one IPO for 2021 and it cannot even get it right.

**Muse** · 12-10-2021, 06:43 PM

Originally Posted by Balance

Name change coming for MFB to MPB - My Puke Bag.

NZX should hang it’s head in shame - its one IPO for 2021 and it cannot even get it right.

My puke bag lol

**Lola** · 13-10-2021, 06:38 AM

Originally Posted by Balance

Name change coming for MFB to MPB - My Puke Bag.

NZX should hang it’s head in shame - its one IPO for 2021 and it cannot even get it right.

Forget the NZX. This is a job for the FMA right now.

**bottomfeeder** · 13-10-2021, 08:00 AM

'MADE' price increase by a buck a tray. About 7% . Will likely see some reduction in demand.

**Balance** · 13-10-2021, 08:30 AM

Originally Posted by Lola

Forget the NZX. This is a job for the FMA right now.

Forget about the FMA as well. Took no action whatsoever with the ‘wink wink nudge nudge’ we will beat the forecast profit comment from the CEO during the IPO. ASIC would have pulled the IPO in the interim or issued a warning & fine.

Prospectus is filled with disclaimers & qualifications so chances of taking MPB (My Puke Bag) to task will be a waste of time.

**Muse** · 13-10-2021, 10:32 AM

Originally Posted by Lola

Forget the NZX. This is a job for the FMA right now.

On what basis - for a falling share price / an overpriced float? So far (operative words!) prospectus forecasts have been met and no downgrades.

I dont think its useful or appropriate to imply the fma should get involved as its a substantial accusation you are making.

**mikeybycrikey** · 13-10-2021, 10:42 AM

Originally Posted by Fiordland Moose

On what basis - for a falling share price / an overpriced float? So far (operative words!) prospectus forecasts have been met and no downgrades.

I dont think its useful or appropriate to imply the fma should get involved as its a substantial accusation you are making.

i think you’re right. They did over-price their offer and heavily market it to their naive customers, but beyond that what have they actually done? I’m aware it could still go downhill further from here but still…

**Balance** · 13-10-2021, 10:46 AM

Originally Posted by Balance

The stags who gathered were all slaughtered and rendered into venison.

Stags were efficiently and superbly gathered and shot by Jarden, Craig & Forbar with prime cuts reserved for the principals and unit holders of Waterman.

If I may write so, writing was on the wall post IPO & listing.