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18.0¢ first growth funds limited

Agreed! If they don't get the SP well over 2c by December and...

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littlebicys

162 Posts.

17/11/17

11:40

Post #: 28887416
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Originally posted by Oscar09 ↑

FGF is in a very comfortable position relative to its EV value, positioning itself in a very hot sector (Blockchain) which they have been looking at for over a year (not chasing a fad), and having other listed investments that add value to the company bottom line. (not to mention $8 mill or so from option conversion coming up as someone reminded us ).
This halt gives them valuable free time to get their information together relative to the market and this acquisition finalisation without the noise of a gyrating SP. I have no problem with it in that it takes the pressure off everyone to a certain extent.

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Agreed! If they don't get the SP well over 2c by December and keep it up, the oppies won't be exercised in Feb-18 and they'll miss out on $8.6m....rather good motivation in my opinion!
And if they don't pull off something special soon they may as well take their bat and ball and go home!

FGF Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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