FGF 0.00% 18.0¢ first growth funds limited

From what I understand, there are four entities at play here:-...

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    From what I understand, there are four entities at play here:

    - SQID,
    - Shareholder of SQID,
    - FGF; and
    - FGA

    • FGF has purchased shares from a shareholder of SQID
    • FGF have not invested money into SQID
    • If SQID performs, FGF will pay more for the shares based on the performance milestones
    • FGA is advising SQID at the same time. SQID will be required to pay FGA with the condition that SQID hits the performance milestones outlined in the announcement. 
    • The bottom line... If SQID reaches all its milestones, FGA will make $550,000 upfront fee + 2 x $550,000 = $1.65m revenue.
     .

    Last edited by cryptoking777: 01/03/19
 
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Currently unlisted public company.

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