FGL 0.00% 8.1¢ frugl group limited

Ann: Wangle Enters Agreement with Parent Platform SkoolBag, page-54

  1. 7,161 Posts.
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    IMO @hoofa is acting out exactly how a lot of retail holders act out when their investments have tanked. Denial, desperation, despair, hope, blame, etc.. Usually when they are overweight on a stock going through the motions... I was one of these posters and was well under water with WGL when I sold out at 1.1-1.4c range ~ 7M shares. Can buy these back at a 80% discount right now if I want but current cash flow and potential for a huge dilution = minimal chance of a re-rate. 3B shares = $30M market cap at 1c which is 10x current market cap but only 3x SP.

    I feel for retail holders who do not have stop losses and get dragged down into some dark depths when companies aren't able to deliver on expectations.

    Might be able to get 0.003 to 0.005-0.006 on news or a pump but will alas have major major resistance. Good luck all.
 
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