Ann: Acquisition of Trienpont International Co LTD, page-2

Interesting milestones for escrowed shares.

So can anyone tell me what happens when they don't meet the $2.5 million target in the next 5 or so months? I like the optimism but is it achievable?

Trienpont will be committed for Frugl to survive, actually work as an e-commerce platform and bring in good revenue. It also appears they have the knowhow to achieve what's stated in the announcement, although finer business details are still sketchy as always. An update to tie all these developments up would be great.

I guess management will do a webinar when more details are to be released as to advertise FGL's "potential" turn around.

I guess in simple terms, Frugl management will supply clients for the e-commerce platform built by Trienpont and at this point in time they all must agree that they can do it, or maybe Trienpont was just floundering and can get access to cash through FGL!  With only $866,660 annual revenue, still better than FGL's... well, I'm really not sure what FGL's revenue actually is, so the whole team will need to prove up to meet the first milestone of $2.5 million in the next few months. They must be nearly ready to launch the platform in the Middle East to achieve this figure???




Who owns Trienpont? Who are the shareholders?






https://www.trienpont.com/about-company/











Acquisition based around 1.8c/share valuation?

Am I reading this correctly?

FGL share price should rise to 1.8c, IMO....







https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02761534-6A1189297





AIMO.


Cheers,

Jocko.