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11.0¢ frugl group limited

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Gerrado

6,891 Posts.

1312

30/08/17

20:12

Post #: 26877399
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Originally posted by Sabbath ↑

There's been a lot, and there are still a lot of asx listed companies that exist only to transfer capital to owners from shareholders. It has almost become gameplay to see who can do this most efficiently before the house of cards collapses - it's becoming all too obvious.

But these so-called entrepreneurs had better be careful as nothing hits a sector harder than those to try to pull the wool over shareholders eyes and that will only be to the detriment of genuine start-up businesses.

I'll admit I've been burned by a few of these new technology type companies but I'm a relatively fast learner when it comes to loosing my money and I'm saying the whole sector is becoming off limits to me as it will to many others and them they will be starved of capital and drown in an environment of their own making, so the good ones had better start pulling the bad ones into line!

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Isnt that exactly the point of a stock exchange - to raise capital by offering equity? Believe it or not, the market doesnt exist for traders or investors to make money. It just happens that some have been successful doing so.

WGL Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 11.0¢		Change 0.025(29.4%)		Mkt cap ! $10.92M

Open	High	Low	Value	Volume
8.7¢	11.0¢	8.7¢	$7.403K	74.27K

Buyers (Bids)

No.	Vol.	Price($)
1	100000	9.1¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	389585	6

View Market Depth

No.	Vol.	Price($)
1	100000	0.091
1	20089	0.090
1	11459	0.087
1	100	0.086
1	20000	0.081

Price($)	Vol.	No.
0.110	389585	6
0.115	14409	1
0.120	165086	2
0.125	30793	2
0.130	208333	1

Last trade - 16.10pm 17/05/2024 (20 minute delay)

FGL (ASX) Chart