FGL 6.67% 1.4¢ frugl group limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2

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  1. 12,652 Posts.
    lightbulb Created with Sketch. 1814
    Revenue $21K for the year - whilst spending $1,995,000 on an app.

    Pet Food company seems to have disappeared into obscurity.

    Looks like a CR every 10 months of around $1m to pay the wages and consultants.

    Could do this for another 9 years before another share price consolidation and come up with another app.

    The culture of self-preservation seems entrenched.
 
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