FGF (ASX) Tic Toc Tic toc

Originally posted by Mr.Red ↑

must admit that seems a little desperate for FGF to sell HT8 shares only a week prior to todays announcement... sold some of their holdings for a measly $30K+, today would have got over $100K for the same shares... lucky they didnt attempt to dump the lot, still have a 14%+ holding in HT8 which now heading to a worth of $2million...

seems some one is out of touch with whats going on at HT8 on the FGF forefront...

come on FGF management get your act together...

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Ive been thinking about FGF's sale of HT8 shares... something smells very fishy...

I would be interested to see who the individual was that bought them live on market, do they know anyone at the company by any chance?...

hypothetically speaking, have a think about it... this is such a random thing to happen just prior to HT8 jumping over 200%... not to mention such a random amount of shares just dumped... what could be the advantage of this to a individual? easy...

how could a MD/CEO take advantage of such a transaction????...

1. knows HT8 is about to have a massive rerate...
2. the company has a huge holding in HT8 shares, decides to offload on live market to a "random buyer", but really the buyer is related or a friend..
3. sells some of the companies holdings (our shares by the way) at a discounted price... FGF gets over $30K mean while the potential mystery friend or relative managed to get a chunk of shares as the seller of the FGF shares knew the HT8 shares were going to re-rate..

Im not saying this happened... but it could easily have happened... FGF management do not have a good reputation obviously... even the ASX dont trust them... someone just made a easy 200% from our shares of HT8

something stinks here at this company... If what I said even has a inclination of truth in it, then that is a jail term as insider info would have been released... the ASX/ASIC could easily pin this transaction if looked into... who got our 1,674,779 shares of HT8? .... we are allowed to question the motives and moves of FGF management, after all we own part of the company too.. like I said, this is a hypothetical, but Im now going to watch more closely how FGF handles themselves... management are still getting paid you know, meanwhile our shares are stuck in limbo because they couldnt adhere to the ASX due to breaking the rules... taking forever to get listed again, wheres our Canadian listing??????

food for thought, not a accusation more a concern and observation... but something seems adrift..

thoughts any one?????