nearing 6 years the public has been able to trade VGW shares:
i don't think FFG's in the same universe as VGW: based on my analysis of FFG's 4C, the company is close to insolvency with only $1.2M cash left because it's burning $0.5M+ from operations alone each quarter & total net assets are only $0.62M (exactly $621,792 net assets according to Appendix 4E as at 31/12/23):
then i also consider FFG's debt of $6M maxes out the $6M financing facility that's in place, but $2.8M is subsequently owed for the dodgy AIGC acquisition in cash/services; how's that going to be paid, & i think $8M cash repayment due next quarter to convertible note holders, on 27 August 2024.
i think FFG has been committing to spend money it doesn't have, or am i missing something?
regarding Modo.us; it's impressive & the real deal, operating a Sweepstakes social casino model which is (currently still) legal in most US states, but not many other places; it's not legal in Australia for example. comparing Hibur & Modo, is like comparing chalk & cheese. i think Rhys is playing FFG, because what i've seen of Hibur it's a joke so far
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1.2¢ |
Change
0.001(4.55%) |
Mkt cap ! $16.17M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $12.07K | 1.05M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 5404846 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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13 | 5404846 | 0.011 |
37 | 11339432 | 0.010 |
10 | 3325222 | 0.009 |
8 | 1260000 | 0.008 |
1 | 200000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 100000 | 1 |
0.013 | 2615248 | 11 |
0.014 | 1040000 | 2 |
0.015 | 1493111 | 6 |
0.016 | 1814029 | 7 |
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