GetFugu (GFGU)

[patchman]

Generic, since you keep asking, I will answer. I wouldn't touch this stock with a ten foot pole.

1. There is nothing that supports their claims of how far they will reach out in their apps. i would suggest that you do some research on other apps and see what kind of a reach they get and then, what kind of usage they get.

2. The manner in which GetFugu spends money and allocates money and shares to insiders is disturbing. It is your a-typical pump and dump. Their burn rate (Nearly $3 Million/quarter) does not support their business as software design is not that expensive. Their filings also show that they paid consultants a hefty fee to raise capital and that fee almost equalled the capital they raised. Much of those going to payment to insiders.

3. GetFugu partnered with very strange companies. Vanity events has zero revenues and outside of business with Spongetech, does nothing else. They had $1,000 in the bank and were allowed to invest. SpongeTech is a con as I have well described. Health matrix is a con web site with no business product. Their site re-directs you to other platforms and I have confirmed they receive no revenue from those platforms. so what does Health matrix do and how and why did they invest in GetFugu before they even had a business? What I found was that the CEO of Health matrix has his own checkered past and has a lien filed against him (2007),his partner, and his two hedge funds for non-payment.

These are not exactly top notch investors that they sought out here. And then you have Carl Freer and his prior involvement in a pump and dump failed business. It all adds up to trouble ---- and ZERO revenues.