7.30 Report., page-23

I did a bit of digging into Frugl this morning to see exactly what we got for around 1b shares.

Looks like there was around 15 people working for them back in 2017-18 and then around July 2018 everybody left.... founders, developers, CTO, marketing team... everyone!

According to LinkedIn there is currently only a 'virtual CFO' left - whatever that means.

There is no app available, only the Frugl site which has been left running with no one looking after it. All the videos on the site are down so it looks like they are trying to save costs running it still.

So in summary, we paid our CEO $15k to go out and buy an old website that no one has touched for 6 months for around 1b shares.