Ann: Appendix 3Y, page-8

2 years is a good indicator as to whether a business model will be a commercial success will or alternatively join the other skeletons in this domain.

Wangle/Family Insights track record to date as being commercially viable.

mircochip - fail.
VPN - fail.
Family Insights - fail


.....and now we are given another app that just appeared from nowhere - Frugl, created on a kitchen table with ongoing issues with the creator.

Then...

Firstly they have to get consumers to use the app.

Secondly, if that hurdle is overcome, then they have to sell it to major retail outlets for the data.

All on a shoestring budget whilst management and Circero are being paid handsomely on the journey.

.......in 12 months time who is going to come up with another private placement of cash.

Currently 2,500,000,000 shares with a share price of .001c, no revenue and the blood being sucked out of the company with salaries/consultants/fees/administration

....and I am a shareholder in this mess!!!!