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18.0¢ first growth funds limited

Ann: Company Update, page-40

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Daning

6,018 Posts.

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14/02/18

06:05

Post #: 31036366
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Originally posted by PinkDiamonds ↑

Great update, this company is more exciting than I released. Quite a bit of news flow to come in 2018, it should be a good year of growth and establishment for FGF.

This bit indicated to me that no CR will happen in the near future:

Cash and Shareholdings
The Company currently holds $1.39m in available cash. As indicated earlier FGF retains $700k of early stage investment in convertible notes between Pearl Global and Cloud Lumen both awaiting ASX listing. The company anticipates exciting returns on these investments, in particular Cloud Lumen where it will hold approximately 18.5% of the company post completion of IPO. FGF has also been a long term large shareholder in FYI Resources (FYI.ASX). Supporting FYI from a placement in 2016 and currently holding 2.5m ordinary shares.

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Not too mention the conversion of oppies and BCG which will equate to approx 8m in cash

FGF Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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