Australia's largest stock trading and investment forum Australia's #1 stock forum

FGF

0.00%

18.0¢ first growth funds limited

Nicely written champ! On the improve with your English. I don’t...

First 98 Last

Share
Profile

Follow
yehmate

1,350 Posts.

17

04/03/18

15:54

Post #: 31512895
Share

Originally posted by xindongzuitaohua ↑

I got call back from Barnes, day after FGF out halt, i voiced the extra $1m raised, i got told it will enable FGF to get more cash on hands to get deal done, and they have No intention to raise more funds...

Go check the last market Updates, in additions to those investnents which included Blockchain and ICO(which is Crypto related, be it BCG led plus the USA related), FGF still keep $1.5m as Working capital and contingence, plus the $1m placements at 2c, which FGF stated to enable them to pursue its goals...

So FGF is cashed up for a year at least and it still has 3 existing investments they can Cash up to free funds..

I just cant get why you implied here for further CR which is misleading and not logic at all after Options conversion, 2 placements which raised $11m and $2m worth investments....

If BCG not on board, i would worry for further rasing, but the fact is BCG put in $3.6m..

If FGF only got that $3.6m on hand, there is chance they might raise, but the fact is FGF raised $1m more on top of $9.8m and $2m existing investments..

BCG wont allowed for further dilution of their $3.6m Short term and they/ FGF will get sp out of these miserable level and rise huge before thinking about Further CR...

So please read companies Anns along with the investments strategy updates which have list things clearly, Blockchain acquisitions and ICO offering are Main games BCG on boards to assist FGF, so what they will do with how much funds required and allocated, no more CR short term....

@C Boy, sorry for some of my words might get you felt offensive, but the concern you raised is Way away from the lines and No substance in it....

1 last thing, why they only raise extra $1m at 2c because FGF got enough funds and to avoid more dilutions at 2c level so BCG will need get FGF to a substantial high level before thinking raise any then....

Expand

Nicely written champ! On the improve with your English.

I don’t understand why some here keep alluding to the CR price of 1.2 cents. I can’t see the share price hitting those lows as it wasn’t your standard CR to a broker who would sell at any price. It went to a Blockchain Global related entity. Unless the whole market collapses..

There wasn’t any dumps or quick flips for profit in DCC when BCG or a related co committed funds so why would it happen here?

DCC has held up well considering all the selling in world markets. Price has bottomed and is appreciating.. holding 24 cents well.

Bring on tomorrow

FGF Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

I88

Large fault structure and uranium anomalies picked up by Infini at Newfoundland play

29M

High-grade copper results provide some relief to 29Metals after earlier mine shutdown

PH2

Pure Hydrogen inks MOU for 5 hydrogen buses in Saigon – days after Twiggy's FFI reeled back in

Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

HBF to throw 10% vote behind NDC BidCo's buyout of Pacific Smiles Group

There are more pages in this discussion • 143 more messages in this thread...

First 98 Last

Add FGF (ASX) to my watchlist

Nicely written champ! On the improve with your English. I don’t...

Top Stories

Large fault structure and uranium anomalies picked up by Infini at Newfoundland play

High-grade copper results provide some relief to 29Metals after earlier mine shutdown

Pure Hydrogen inks MOU for 5 hydrogen buses in Saigon – days after Twiggy's FFI reeled back in

Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

HBF to throw 10% vote behind NDC BidCo's buyout of Pacific Smiles Group

Featured News