I have no idea who is controlling this listing and to be honest have lost complete interest.
The listing imo is a recycling vehicle for "operators" to raise cash, pay themselves consultancy/directors fees and salaries using half baked business models with no commercial value. It is all completely legal, that is the system.
Thought the quality of communication may have changed but it continues to deteriorate, with clerical errors, uncertain assumptions/predictions re the future, unsubstantiated claims, the Frugl app IMO is irrelevant to the consumer requirements and there is revenue from the existing mob that no one understands.
I misjudged the quality of the board/mangagement of this listing over the years.
A diabolical performance track record of people walking in and out the door is an understatement.
The only positive is the tax loss which helped offset other successful investments.
The future, well once again they ripped into existing shareholders left in this mess with another massive consolidation. Seems to be a vehicle for the bottom end of town to legally do what they do.
"Used car salesmen" the lot of them - actually that is probably being disrespectful to those in the car industry.
They will raise more cash to brokers/backers/insiders - pump it up on all the bull..... sell, then leave another mess behind them.
I would not even bother trading the stock on a pump - its track record clearly indicates red flags at every turn.
It is a shocker.
FGL Price at posting:
1.6¢ Sentiment: None Disclosure: Held
