Ann: Appendix 4D and Interim Financial Report, page-8

Where is the Chief Executive Officer - Sean Smith - communicating with shareholders?

What about a webinar with shareholders- taking questions - and explaining how this company has reached this diabolical financial situation!

The marketing consists of minimal cost Facebook ads (eg same as Wangle/Family Insights)- which Frugl is paying a fortune for via an advertising/marketing group to do a "sophisticated' campaign.

It is a bloody grocery app for "real' people and it needs a face in the market place promoting the daylights out of it and doing collaborative deals with advertisers/data user groups and creating revenue.

Unless they place the remaining shares at 2 cents or announce a customer/s that will pay CASH to use their services, this listing his heading for another financial collapse like the previous business models managed by Waker/Wild and Smith.

The next announcement from the ASX will be suspension and "how do you intend to continue trading with no cash?"

Frugl was the fast track to shareholder value!

I now think it is now too late to salvage the commercial viability of the app.

It will probably finish up in another groups claws with certain board members involved, along with $2,000,000 raised at 1 cent or less - creating another scenario about the future.

The same cycle just continuing.

The ASX should stop the trading in this stock now and have the Frugl board justify the viability of this business model before more innocent investors do their hand earned cash.


IMO