FGL 0.00% 3.6¢ frugl group limited

Ann: Wangle Suspension Update, page-296

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    If you were to read and comprehend the company communication then you would know that there were issues identified with the app, the fixes were implemented and subsequently the revised version submitted to Apple for approval. The approval was not granted due to the data retention issues identified. The company were then left with the choice to persist with the app that had several known issues or to remove the app and await approval of the revised version.

    Management IMO made the correct choice to withdraw the app with known issues.

    While progressing the issues further improvements were made hence we are now up to 1.50 or perhaps later. The team have improved their test environment as well as infrastructure which gives me confidence that the next version we see will significantly outperform the initial MVP that the trolls have decided is the be all and end all of Wangle.

    With management navigating both the Australian govt and the Apple policy's over the holiday period when most govt officials are on forced leave some delay is understandable albeit somewhat frustrating, if we relaunch this week without an updated app to test I agree that there is likely to be some selling, if management have managed to get approval during a very unproductive time of year then hats off to them.

    Keep in mind also that one of the key issues being resolved is the implementation of an Apple approved payment platform which obviously strongly hints towards rapid monetisation.
 
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