FGL 2.17% 4.7¢ frugl group limited

Bounce on Monday?, page-53

  1. 5,209 Posts.
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    Monetisation and promotion prior to solving the outstanding issue would be commercial suicide so the choice to hold off and test the app with a smaller group who as mentioned will predominantly be shareholders makes sense. The data retention is standard, if you read the terms and conditions of basically any app that you have installed the same clause will exist. Connectivity yes some users are having issues and this is what I expect will be consuming the majority of the technical teams resources at present so I am happy enough to accept that they might be a bit slow in getting back to queries. I would prefer that the team focus on rolling out mass improvements rather than addressing individual concerns at this stage in the game.

    As for expectation around the share price, it's simple really, if more than half of investors believe that the app has a future then the price goes up, last week the SP fall reflected that less than half of investors were satisfied, lets see how this week goes as I would expect a few more fixes which will almost certainly get us up over the 50% belief. One update or bug fix is IMO all this will take at present.

    If the next update can solve say 20% of investors issues and convert them to believer then we can expect to see the SP direction change quite rapidly
 
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