Ann: FGL Company Update & Appendix 4C - June 2020, page-3

They spent $2,193,000 on administration and corporate costs/research & development -

whilst spending $16k on marketing.

......I suppose when you do not have any cash, it becomes a survival mode until you can get customers. But, how do you get customers if you have no funds to get the word out and market the product?

It just seems that the last CR was a pittance in relation to what they should have raised. They are now penny-pinching to keep the operation afloat when it should be firing on all cylinders.

The Frugl idea is excellent but I am concerned about the restrictive vision of those in charge to implement the concept.

The existing CEO to date has no runs on the board in terms of generating revenue - surely if the same situation prevails in 12 months time the issue must be addressed. He has been with the company for 3.5 years and produced no revenue - surely by June next year 4.5 years if still no revenue of value has been achieved, something needs to be done in this area. Changes must be made in the interests of the shareholders.

As a shareholder, I do not want to see another golden opportunity squandered due to poor implementation.