FGF 0.00% 18.0¢ first growth funds limited

Ann: Suspension from Official Quotation, page-3

  1. 6,463 Posts.
    lightbulb Created with Sketch. 357
    I think I can pinpoint why the asx suspended it

    Fgf have acquired 100% LincD from Harris technologies which was announced in jan 19
    It said that the deal will be voted by shareholders
    In early May.

    Then the other announcement with ypb has signed Hoa with lincD as lincD will assist ypb
    In listing a token
    However it says deal between lincD and ypb
    Will be finalized mid April
    How can that be if shareholders need to vote on May 4 2019 to complete lincD acquisition from
    Harris technologies
    IMHO it’s purely technical timing difference
    As lincD is still not owed by fgf at this miment
    It will be after shareholders approve it in early May
    LincD can do deals with ypb but I feel
    Fgf can’t really announce yet until May

    The good thing is company has marked it as non price sensitive

    It is very trivial not of much importance financially and I say again fgf is gone up
    Because of crypto market is starting to heat up again

    Cheers
    Please do y o r
 
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