Most people know that companies hawking “wellness” products are mainly in the business of selling dressed-up bull****.
But from the looks of it, ASX-listed penny stock Wellfully can’t even muster the courage to disguise its turds in a little glitter.
Take a whiff of the $2.3 million placement Wellfully launched in early October, led by Perth stockbroker CPS Capital. A subsequent announcement noted that, as part of the placement, Wellfully had signed up a new contractor, Dyamond Trading and Consulting, which it had tasked with ensuring “a robust monitoring of social and business media forums, and where appropriate, correcting any misleading or inaccurate statements made on those forums”.
For this job, which appears to be wholly constituted of lurking on gruesome online forum HotCopper, Dyamond will receive 5 million fully paid ordinary Wellfully shares.