FGL 2.17% 4.7¢ frugl group limited

Ann: Wangle Investor Roadshow Presentation, page-16

  1. 1,452 Posts.
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    Hey I really appreciate that mate and I admit I let a few too many loose words (insults) fly when I've been getting frustrated. Cheers

    Oh No! I can't claim the crystal ball, haha!! Wish I had one!

    Good question. Since yesterdays announcements all I can assume is that WGL have some solid announcements on app performance or company deals coming in the very near future. Otherwise why would anyone take up the offer?! And obviously if no one takes it up then the $500k they have raised to this point wont get them far. So all I can think is they already have something in the pipeline or they are super confident with what they can achieve with $500k (but that would seem a bit silly if uptake at this point is mediocre).

    If I don't hear something quite positive before the offer uptake date I can't invest any more coin. I know its slightly self defeating because it doesn't support my existing investment, but I've hit my investment limit on this one as it stands right now. (I've been caught in bad situations before throwing extra money at companies that are dying and it just adds to my losses. Besides, its not like my small contribution makes a big difference).

    So I live in hope, which I've come to understand is a terrible investment position, haha. I recommend against it! But given what was announced yesterday I think there is a strong chance of seeing some positive announcements quite soon.

    Cheers
 
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