It seems Mr Market is as about as uninformed as the the average forum troll!
Since the launch of the program on 6 Jan, (verifiable on social media) there has been a spike in downloads in Malaysia, which would be strong indication the program is achieving traction.
As a keen FRX follower, I'm sure you would would be aware the MAS deal will also be distributing SIMs to airlines code sharing with MAS. I don't know for sure, but I'd believe that China would be one of the major travel destinations for Malaysians.
Interestingly, FRX has ranked in the Top 500 (Android Travel store rankings) for the last 8 days in a row, and about 12 of the last 20 days. This has never happened before.
Impossible to say this is a direct result of the MAS deal, but it seems likely that is has contributed.
Either way, the Chinese App stores are now the largest in the world, so if FRX continue to achieve good performance there, it highly likely we'll see an impact in the quarterly receipts.
If FRX continue growing and producing record quarterlies and cash inflow, it is likely Mr Market will start to take notice. If not, they can always pay a dividend or acquire a competitor.
FRX Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
