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4.3¢ frugl group limited

The loan facility was a panic measure as they didn’t want...

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17

09/02/18

14:43

Post #: 30949186
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Originally posted by Gerrado ↑

My post was a question.

But nevermind.

If you want to know whats really happening read some announcements and piece it all together for yourself.

Start with the letter from the asx dated 20 november 2017. Continue through the subsequent loan and CR announcements and quarterlies and you'll get the idea of whats really going on in terms of planning, financing, etc.

Wgl has less than 6 months to get positive cash flow. Otherwise you can expect another CR and significant dillution - particularly if wgl has to use the loan.

Its nice you feel some positivity around things that you believe might be going on in the background, but it might be worth using a bit of critical thinking to assess where these feelings of yours come from. Is it hope?

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The loan facility was a panic measure as they didn’t want anything happening regarding a CR before the AGM and the ASX were asking questions.

I’m sure they just went for whatever deal they could get quickly, hoping that once the AGM was out of the way and they did the CR they wouldn’t need to draw on it.

Doesn’t sound like good financial planning to me. Especially if they do have to resort to using the loan.

WGL Price at posting: 1.1¢ Sentiment: None Disclosure: Held
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Last 4.3¢		Change -0.002(4.44%)		Mkt cap ! $4.511M

Open	High	Low	Value	Volume
4.5¢	4.5¢	4.3¢	$3.192K	74.15K

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No.	Vol.	Price($)
1	25000	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	10000	1

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No.	Vol.	Price($)
1	25000	0.041
1	100000	0.040
1	50000	0.038
1	100000	0.036
1	142000	0.035

Price($)	Vol.	No.
0.044	10000	1
0.050	107715	2
0.051	117333	2
0.060	50000	1
0.070	22222	1

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