FGL 0.00% 1.6¢ frugl group limited

Sellers, page-14

  1. 400 Posts.
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    WGL is getting tiresome.
    My 5 figure investment (and I use that word loosely) is now worth pocket change so no point in selling. Why?
    The original management bought a shelf company called Vortex and looked around for something to stick in it. Bought tech they didn't understand, capitalized and went from there. Pretty much the opposite of most successful businessmen who has a product he understands and makes a company with it.
    Now we're stuck with a non- interesting product, little revenue and little prospect. Not zero but nothing to drive the MC. We're pretty much the corner bottle shop in a world full of Wollies, Coles and Dan Murphy's. Might make a living for the salaried personnel but that's all.
    What's in store now? You'll note that most every negative comment here has proven more correct than the positive ones. When it comes to share price, you can take out the qualifiers.
    For all my fellow Yanks out there, Happy 4th of July.
 
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