FAM 0.00% 3.1¢ family insights group limited

Welcome to the FAM., page-18

  1. 7,374 Posts.
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    Amusing.
    Launched on the 23rd Oct 2017 and they are still trying to work out how to get it functioning correctly it would seem
    Its been launched, relaunched, changed, relaunched

    Decimated shareholder value and still trying to get the platform right - so when you take the original development concept, its probably taken nearly 3 years with millions spent on "development" and revenue of $2K

    The app consultants/developer must be licking their chops - who is making the app and consulting.

    Will need another CR after everyone has taken their cop to pay for the "marketing ramp up" as they call it.

    What else can one say, the evidence suggests this is the case.

    I think the flick of the switch to go global , actually flicked the switched the wrong way and turned the lights out

    Last years spend.
    Research and development costs, materials and consultants (1,654,874) Directors’ fees, salaries, superannuation and consulting costs (1,600,648)
    Last years spend totals $$3,255,522.

    The total loss for last year was $(6,009,508)
 
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