FGL 2.17% 4.7¢ frugl group limited

19/02/2019

  1. 3,639 Posts.
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    Why is this date significant you ask?

    From the announcement this afternoon:

    "5,000,000 Class D Performance Shares, each of which converts into one Fully Paid Ordinary Share upon the Company (or an entity controlled by the Company) having 1,000,000 paying users of the Group’s Technology publicly available in the Google Play or Apple App store within 3 years from 19 February 2016"

    1,000,000 users x $50/year subscription = $50,000,000 (company's figures not mine)

    Is anyone willing to have a stab at market cap at 19/02/2019 if we are earning those sorts of dollars???
 
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