Well 2018 will begin with some news tomorrow for FGF on their strategic placement due to be released before trading tomorrow. From brokers i have asked none have been offered or know of a broker offering a placement for FGF which suggests this is not a sophisticated investor placement and is going to a strategic partner. I have inquired if any placement is available and have not had anyone able to offer this so suggests we could see a strategic investor here or whoever is doing this placement is being very quiet and had it covered very quick which would be unusual . The binding term sheet for investment and development of a digital currency exchange announcement on the 27th November stated the possible budget for commercialisation and ongoing support at 2 mill so i expect a move to raise these funds is on the way plus more. Current cash sits at 1 mill but i believe this is a substantial raise to move FGF at a rapid rate into the digital currency exchange while also having a cash balance available for other investments into the blockchain area. 2018 i believe will be a big year for FGF with a rapid move as soon as 2018 kicks off starting tomorrow.
FGF Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
