GetFugu (GFGU)

[VocalJustice]

The real problem is the business model. GetFugu just doesn't seem to have a real sense of self. The proclaimed that they were aiming to be the yellow pages of mobile apps, but when the real yellow pages just released an app themselves, and they've been doing it forever, where does that leave a company that doesn't have their team in place and solid to compete?

The issue is that if GetFugu really wants to compete and rise above the market, they will have to have a strong development and R&D team in place NOW. There are so many apps out there that are doing the same thing on all platforms and that are really successful. GetFugu has fallen short so far, and they just moved offices again, across the country, so they really need to pull it together.

Yes, they reported revenue, but they didn't really divulge where it came from or how they might duplicate in the future. They've lost so much at this point that it's a tough climb for them anyway. May be a start-up, but the financial statements and track-record of the business is a bad trend.