New Risk • Nov 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 309% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-UK£832k). Shareholders have been substantially diluted in the past year (309% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£2.13m market cap, or US$2.78m). Minor Risk Share price has been volatile over the past 3 months (9.9% average weekly change). Announcement • Aug 13
Fragrant Prosperity Holdings Limited Announces Board Changes Fragrant Prosperity Holdings Limited announced the appointment of Nicholas Gregory to its Board of Directors as Non-Executive Director, with immediate effect. Nicholas Gregory is a Trained Software Engineer and Experienced Technology Thought Leader with a Breadth of Experience in the Fintech Sector. From 2016 to 2024, He Served as the CEO of Commerceblock, Where He Built the Mercury Layer, the First Bitcoin Statechain Implementation, Until He Engineered an Exit for the Business. His Technical Expertise Includes Programming Across Multiple Languages, Building Compute Grids, Machine Learning, and Bitcoin Development. He Has Held Management Roles At Wall Street Banks, Founded an Asset Management Fund, and Served on the Boards of Commerceblock Ltd, Jacobi Asset Management (Holdings) Ltd. and Nukkleus Inc. Nicholas Replaces Danny Reshef, Who Has Resigned from the Board with Immediate Effect, in Order to Facilitate Greater Depth of Fintech Expertise on the Board. Danny Has Served on the Board of Fpp for Several Years and Has Contributed Greatly to the Business. Nicholas Gregory Currently Sits on the Board of Gregory Nico Ltd. and in the Last Five Years Has Held the Position of Director for Commerceblock Ltd, Nukkleus Inc. and Jacobi Asset Management (Holdings) Ltd. New Risk • Jul 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (70% average weekly change). Negative equity (-UK£739k). Revenue is less than US$1m. Market cap is less than US$10m (UK£709.3k market cap, or US$951.8k). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). 
