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18.0¢ first growth funds limited

Phew, so you won’t be back then? SF

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spanishflare

2,579 Posts.

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19/09/18

15:02

Post #: 35700914
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Originally posted by rogerr14 ↑

I've been watching this stock for some time and agree with you soothsayer... I'm pretty convinced (and I may be missing something) that the only people that will make money on this one are the management. Their 4E didn't read real good. There were only $7,500 of trade receivables, the balance of the revenue figure was change in market value of investments. Yet directors fees increased almost double and travel by over 4 times, payments to employees and suppliers neary doubled, made a loss on net trading investments, raised $9.9mil for the year and have a total of $8mil in cash... and they have burned through $55mil of shareholder money... Junket city!

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Phew, so you won’t be back then?

SF

FGF Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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