Ann: Quarterly Activities Report June 2020, page-4

Pfff, Pathetic result in my opinion.
I am not seeing what all the back slapping is about.
For anyone that has any idea, we shockingly still managed to squander 5 million for the year, even though this quarter resulted in significantly less expenditure. If it hadn’t of been for the COVID downturn this would have resulted in a record FY cash burn for FGR, probably the most to date.
Supposedly, had sales of 8t announced throughout the year but yet only managed to take 310k from supposed paying customers.
Looking into FY21 we will have to pay the deferred wages and exec entitlements from this FY, more employees to pay, more advertising costs. All this is all well and good but the current revenue from paying customers just ain’t going to cut it going forward unless you are happy to be tapped for woking capital year after year.

All I can say is, that is one very dismal result after standing at the AGM and saying break even had been pushed back by 6 months plus all the other broken promises. My sentiment has not changed. But change is still needed.