you are the one posting with emotion, buddy. the company did not make a clear enough announcements for me. BCG now only has a $1.4M investment, which includes 21M shares for underwriting they did not do. their average price is now around 1 cent.
FGF is loaded with cash & i imagine BCG might now earn "consultancy fees" from FGF
your post is utterly ridiculous about "performance". who are you to lecture others about "performance" when this has dropped from 2.2 cents to 1.7 cents due to the announcement that BCG won't be exercising the 157M options?
this whole investment for many was based on the impression of the original announcement that BCG would exercise up to 50% of the options
that has not occurred
on 1/1/18, this company, FGF, had only $1M in cash and around $1M in small investments
then BCG came along & cashed the company up by giving incentive to option holders to exercise at 2 cents
further, BCG gave incentive for people to buy on market, which allowed the director to exercise options & sell the shares
the director sold every single option exercised plus some shares
the director started the year with 102,700,000 Ordinary Fully Paid Shares plus 28,000,000 Ordinary Fully Paid Shares plus millions of options and today has 100,000,000 Ordinary Fully Paid Shares plus 28,000,000 Ordinary Fully Paid Shares
who are you kidding buddy, saying I made a mistake?
BCG invested $1.4 M and were, in early January, possibly exercising 217,307,098 options, which would have been a total of $5.7M investment
can't you see what has happened here?
based on the expectations of the announcement of 2/1/18, this company has raised $10M yet BCG only has a 9% shareholding
- Forums
- ASX - By Stock
- FGF
- Ann: Half Year Report and Appendix 4D
Ann: Half Year Report and Appendix 4D, page-170
-
- There are more pages in this discussion • 71 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)