Fatfish InternetGroup (FFG) has the right ingredients for share rise but yet is behaving the opposite by dropping 16% in the last 2 days. It just raised about $5.4 million at 5 cents per share from sophisticated investors. It is investing US one million in Crytocurrency Exchange in Singapore (trading Bitcoins and other virtual currency etc which is the current talk of the town in the investment community). The Crytocurrency Exhange is run by Tony Mackay, who made his Big name developing Chi-X Europe & Global stock trading platforms that disrupted securities across Europe, Australia, Canada and Japan.
FFG also has 50% subsidiary in ICandy Interactive Limited (ICI) which just bought 318 mobile casual games from another company which generated 325 million gamers on Android and IOS based smart phone tablets to-date. This will make ICI’s gamers network one of the most powerful gamers community internationally. One of the reasons for the price drop could be the sophisticated investors selling out the shares usually closer to the end of trading day at around 6 cents which they can still make a 20% profit as shares were issued to them at 5 cents per share.
Is that the reason or is it because the company's activities are not as yet well known to the investment community???
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No Reasons for FFG shares to drop in price unless. . .
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Mkt cap ! $14.06M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 200000 | 1.2¢ |
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Price($) | Vol. | No. |
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1.1¢ | 1359515 | 2 |
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No. | Vol. | Price($) |
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2 | 400000 | 0.012 |
2 | 1681818 | 0.011 |
4 | 5878517 | 0.010 |
14 | 3293021 | 0.009 |
14 | 3112531 | 0.008 |
Price($) | Vol. | No. |
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0.011 | 1359515 | 2 |
0.012 | 3737485 | 14 |
0.013 | 571450 | 2 |
0.014 | 1399737 | 5 |
0.015 | 320000 | 2 |
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