FGL 16.7% 0.5¢ frugl group limited

Unrealistic Expectations

  1. MI6
    232 Posts.
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    So many folk with unrealistic expectations and more than enough who appear to suffer from bi-polar disorder. Most of the negative posters appear to have been after a quick wealth injection and are bitterly disappointed it hasn't happened overnight after the launch.

    The product has barely been out a couple of weeks, the Android version is coming and there's still lots of added features to implement. The fundamental aspect is still looking the goods. User uptake will take time and everyone knew that revenue would be a minimum of 6-8 weeks from launch and would grow slowly. The quarterly showed enough funds to last at least the next 3 months during which time revenue should be increasing and marketing expenditure can decrease.

    The market isn't always right - that's how Buffet made his money. Sure WGL doesn't have a proven revenue stream etc, but it's got an exceptional product in the right sector.

    There was a lot of soaking at and below these levels. Lots of people are either still taking small profits or are just impatient. Literally nothing has changed fundamentally since this was above 2c prior to launch - other than the release of a functioning app.
 
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