FGL 0.00% 1.8¢ frugl group limited

Ann: Wangle Family Insites Update & Launch Plan, page-81

  1. 7,161 Posts.
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    What people don't seem to realize is not "just 4 weeks".. it is $210k+ of R&D funds wasted, it is $20k to Sean, it is the other $70K+ of wasted admin/marketing expenses.. so now we will have $1.8mil for marketing.. or 15% less in the kitty and this is minimum.. who is to say this cluster f of a tech team even get to launch late October for a commercially viable product??

    Remember they will need to spend multiples of revenue first to start making money so this is going to restrict things... they will have to cut marketing corners now surely for cash preservation??

    The tech team has no vested interest in getting this too market on time.. the cto is getting more performance shares... for the worst leadership of a tech roll out on asx imo.. what has actually been achieved???

    How will wgl get to over 2.5c to unlock options money??? How the hell will Sean get this to 10c+++ to unlock his 10mil options lol.... by AUGUST 2018???

    I think the options clause is just bs all together..
    Last edited by ryobal: 27/09/17
 
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