FGL 43.8% 2.3¢ frugl group limited

Ann: Wangle Lodges Third Patent for New Behaviour Profiling Tech-WGL.AX, page-132

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    ...........and management have got a few months up their sleeves to pick up a few more bucks to swing it!

    4.2 Minimum subscription

    The minimum subscription in respect of the Entitlement Offer (and amounts raised under the Shortfall Offer by the Entitlement Offer Closing Date) is $370,000 (Minimum Subscription). No Securities will be issued until the Minimum Subscription has been received. If the Minimum Subscription is not achieved within 4 months after the date of issue of this Prospectus, the Company will either repay the application monies to the Applicants or issue a supplementary prospectus or replacement prospectus and allow
    Applicants one month to withdraw their application and be repaid their application monies.

    There is no minimum subscription to the Cleansing Offer

    4.7 Shortfall Offer

    Any Entitlement not taken up pursuant to the Entitlement Offer will form the Shortfall Offer. The Shortfall Offer is a separate offer made pursuant to this Prospectus and will remain open for up to three months following the Entitlement Offer Closing Date. The issue price for each Share to be issued under the Shortfall Offer shall be $0.003, being the price at which Shares have been offered under the Entitlement Offer, with New Options being issued on the same ratio as offered under the Entitlement Offer.

    Eligible Shareholders can apply for Shortfall Securities by following the instructions set out in the Entitlement and Acceptance Form and in Section 4.4 and investors who are not Shareholders can apply for Shortfall Securities by completing a Shortfall Offer Application Form and provide the Company with payment for those Shortfall Securities in accordance with the instructions on the Shortfall Offer Application Form.

    The Directors reserve the right to issue Shortfall Securities at their absolute discretion including to reject any application or to allocate any applicant fewer Shortfall Securities than the number applied for. Any application monies received for more than your final allocation of Shortfall Securities will be refunded.

    The Company will only issue Securities under the Shortfall Offer where the Directors are satisfied, in their sole discretion, that the issue of the Shares will not result in a person’s voting power increasing above 20%.

    A little confidence may go a long way with this one...........

    Jocko.
 
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