FGL 2.04% 5.0¢ frugl group limited

Ann: Appendix 3Y, page-2

  1. 12,520 Posts.
    lightbulb Created with Sketch. 1766
    So here we have a Director buying $14k of shares - at .001c. Whats the angle.

    In the meantime we see $400k appearing out of the sky, before expenses, to keep the company alive. From where - no one knows. Certainly would not be from a broker. So what is the deal with the expenses and how much is that going to cost.

    This is after announcing a cancelled consolidation followed by a cancelled share CR geared for existing shareholders.

    Why is Walker buying this token contribution at these share price levels with no revenue in sight for the shareholder family.

    What about the 3 Directors mortgaging their properties/assets, demonstrating a commitment to the business model , providing $3,000,000 in cash to the company and appointing a commercial manager to get this thing off its knees.

    Instead we get this cloak and dagger stuff, no knowing what in the hell is still to come out of the closet.

    How many more court cases, shelved products, management/directors/consultant changes, change of product focus, and general mismanagement can this public company survive.

    Millions up millions of shareholders dollars totally mismanaged, to be left with a shell of a company struggling to make an app saleable.

    Bloody disgrace.
 
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