FGL 0.00% 1.6¢ frugl group limited

Ann: Closure of Shortfall Placement Fully Subscribed, page-7

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  1. MI6
    232 Posts.
    lightbulb Created with Sketch. 6
    Shares on issue whilst not pretty isn't *that* big of a deal. Given the MC, cash on hand and product potential, you would think they'd have at least 9+ months to make something of it all.

    If they can get their costs under 1m per quarter, I think they'll be in good stead. Don't need many subscriptions/partnerships to generate enough to break even. I'm very keen to see what savings in expenditure they have made given the last company update mentioned 'significant' savings to be seen over the coming quarters.

    Short term I'd love to see an announcement regarding the UI updates, the desktop version and international release. A partnership would be a bonus, but I think the product has great potential in overseas markets - particularly Asia where culturally parents are very involved with their children and do what it takes to see them succeed in life.
 
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