FGL 12.5% 1.8¢ frugl group limited

This is the sort of company that would be a better investment at...

  1. 791 Posts.
    lightbulb Created with Sketch. 348
    This is the sort of company that would be a better investment at 10m market cap than 3m, provided the 10m was justified.

    IMO a 10m market cap is justified if they could actually prove they could get to breakeven with a nice trajectory from their revenue model. Until then it is a vehicle to raise more cash, a dangerous spot to be when capital markets tighten again.

    I like the concept, and am investor in a company with a similar model but for different sector. They make money off the e commerce platform built in. This company has no e commerce platform. , so no means to scrape revenue from users or vendors.

    I stay out. Good luck all holders.
 
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