Forbidden Foods Ltd (AU:FFF) has released an update.
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Forbidden Foods Ltd has announced the transfer of 10 million unquoted options to a former corporate advisory group in exchange for services, a move designed to preserve the company’s cash balance. CEO Alex Aleksic facilitated this transfer to maintain a stable balance sheet, which the board believes aligns with the company’s best interests. The transaction completes the company’s engagement with the advisor without affecting the balance sheet.
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