For those who wanted a recap on conference call here it is - and please also go and download the powerpoint presentation up on FFG website for confirmation and more detail as he went through this on last nights call www.fatfish.co
A very good conference call with lots of insight - I would have thought more here would have joined the call but there are a lot of traders among us so they not interested in company activity, more so charts and indicators lol - there was around 129 million traded yesterday with a high of 11.5c and VWAP of 10.5c so in good health and still undervalued - should see it push 12c today as Kin Wai Lau said they have been receiving calls today from Fund Managers which means they are seriously looking at us and couldn't really state that they were buying in but i suspect they are now just getting on board which spells higher prices in days and a decent re-rating IMO
i for one was highly impressed with the detail from conference call and Kin Wai Lau and how personable he was and straight up / honest and has shareholders best interests at heart. He said there will be more of these conference calls and Q and A's to keep shareholders well informed - everything that is happening now for FFG and what you see in announcements is all on track and from last night conference call some bullet points:
1) KRYPTOS-X -
Launch in Singapore initially, follow by North America • Crypto exchange in highly regulated environment • Founded by Tony Mackay, founding CEO and Chairman of Chi-X Global, alternartive stock market
Its progressing well. Kin said we should have market update soon after working committee meeting this Friday 12th January 2018
KRYPTOS=X on track to be up and running in current quarter and will give us exposure in Singapore and SE Asia and other crypto currency ICOs can use our exchange - Run by Tony Mackay who was involved as Chairman of CHI-X
2) APAC CRYPTO MINING
Cryptocurrency mining going live in 2 weeks time - which we hold 51% ownership of. Kin talked about power consumption and mentioned Mongolia and Malaysia as hubs for reduced power consumption tarrifs compared to other countries - Rewards in the form of transaction fees and reward coins are given out to computing provider that solves the mathematical formula at every block (10 minutes interval for Bitcoin and it varies for other coins). Mining refers to the business of providing these computing power over the internet and earn the fees and rewards. Investing US$1m for 51% of APAC Mining Corp.
• APAC Mining to launch in Malaysia with 4,500 trillion hashes per second (TH/s)
• 2 sites in Malaysia, with electricity capacity and tariff secured
• Future site in Mongolia
APAC Mining’s focus is to mine Bitcoin Cash (BCH) and Ethereum (ETH)
• It will have ability to mine other cryptocurrencies and will take a optimised switching approach
• Initial Capacity:
• SHA-256: 4,5000 Trillion Hashes / second (TH/s)
• EtHash: 8500 Million Hashes / second (MH/s)
In terms of power usage / cost Kin said it equates to 10% to 15% electricity cost so return was in vicinity of 80% net revenue to the company ( first year in 2018 $400,000 USD per month) and expected to grow 3 fold in coming years so $1.2 million USD per month which is excellent . Its all in the announcement and presentation slide show
3) ICI ICandy
deal soon to be complete and Kin said he will advise shareholders via ASX shortly - finally !! this will provide us with additional value on current share price as per investment report on company website ! Think we looking at 16-20c share price range once this comes out of suspension shortly - could be sooner than we think based onKin Wai Lau's comments last night
4) Philip Lord-
currently doing investor roadshow this week in Brisbane/Sydney and heading to east coast of USA next week to talk to Funds and his connections as he was previously involved in major banking sector in America and Japan from memory so has some large contacts ( big opportunity)
5) Kin Wai Lau
admits and quoted as saying FFG share price is very cheap compared to similar companies abroad in America and Europe
6) DCC
was mentioned and cant remember what was said exactly but not a problem for us in terms of getting to their market cap of 110 million based on the above and future revenue streams / opportunities - we currently around 40 million market cap
7)OUR INTERNATIONAL LAUNCHPADS
STOCKHOLM - Source of innovation, talent - Leading tech hub of Europe - Friendly jurisdiction for cryptocurrency
SINGAPORE - Source of capital - Market access - Leading tech hub of Asia - Friendly jurisdiction for Fintech
NEXT 12 MONTHS MISSION: BUILDING A STRATEGIC ECOSYSTEM PLAY FOR THE CRYPTOCURRENCY REVOLUTION
Anyway there was so much conversation and he explained about Blockchain technology and where we are headed to become a GLOBAL name !!!!! BOOM !!!!
Watch this SPACE is all i can say - those who think this should be below 10c are completely mistaken - we are in massive upscale growth phase
(20min delay)