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2.3¢ frugl group limited

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622 Posts.

17

09/02/18

14:43

Post #: 30949186
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Originally posted by Gerrado ↑

My post was a question.

But nevermind.

If you want to know whats really happening read some announcements and piece it all together for yourself.

Start with the letter from the asx dated 20 november 2017. Continue through the subsequent loan and CR announcements and quarterlies and you'll get the idea of whats really going on in terms of planning, financing, etc.

Wgl has less than 6 months to get positive cash flow. Otherwise you can expect another CR and significant dillution - particularly if wgl has to use the loan.

Its nice you feel some positivity around things that you believe might be going on in the background, but it might be worth using a bit of critical thinking to assess where these feelings of yours come from. Is it hope?

Expand

The loan facility was a panic measure as they didn’t want anything happening regarding a CR before the AGM and the ASX were asking questions.

I’m sure they just went for whatever deal they could get quickly, hoping that once the AGM was out of the way and they did the CR they wouldn’t need to draw on it.

Doesn’t sound like good financial planning to me. Especially if they do have to resort to using the loan.

WGL Price at posting: 1.1¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 2.3¢		Change 0.000(0.00%)		Mkt cap ! $2.412M

Open	High	Low	Value	Volume
2.3¢	2.3¢	2.3¢	$518	22.52K

Buyers (Bids)

No.	Vol.	Price($)
1	1971	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	32184	1

View Market Depth

No.	Vol.	Price($)
1	1971	0.022
2	252526	0.019
1	200000	0.018
1	1000	0.015
2	318278	0.011

Price($)	Vol.	No.
0.024	32184	1
0.025	55000	1
0.026	41000	1
0.027	41000	1
0.030	133554	1

Last trade - 13.49pm 04/09/2024 (20 minute delay)

FGL (ASX) Chart