Those who get allocated those 110m shares introduced by BCG, so they are not the types of mates deal like other life styles one...
I am on my phone right now so cant access Iress datas, but according to your logic, they sell at 1.9c and get back 1.3c, so given FGF have been trading several months above 2.5c, so how much they pay Initially to get those shares?? Can i say 2.6/2.7 c or above to be in pre BCG?
Given BCG just got mentioned back 1st January, and this rasing is for BCG related and introduced, so i doubt it is the case as you implid...
However, i do agree someone try took advantages of the 110m 1.3c along with crap markets to push sp down/sell high and get back low/break down the TA set up of systematical triangles etc...
sp can make a turn/reversal in a blink given BCG will get its clients nice profits and those 50m at 2c need to make money as well, so i am of oponion that downside risks is really minimial but upside is really substantial.....
Please be remember, market never closed down but those crap companies which have huge debts and less cash on hands, those with big boys on boards and big cash in banks are always the first to recover and rise....
I say again, the lower FGF got push down, the more undervalue it is because its attractive lower EV and the more money those who push down at first Can make..
Next week we might see some positive actions and sp reversal like last time...
