Back to Basics, page-7

I am all for positive constructive thoughts regarding FFG.
My concern is those that do not read further than the headlines and why a profit was made etc. Hype up the stock to others on other HotCopper threads as what has just occurred and caused the current rise in the share price.
I am interested to know which subsidiaries were sold off.
I agree that iCandy is one of FFG flagship investments.

I have a few concerns - and do not try to shoot me down just because you disagree.
I have a lot of experience in startups - around Blockchain and financial services.

Globally, Australia is sitting very pretty as far economic recovery due to COVID-19
In ASIA, there is not the level of business economic support, especially to SMB that has been provided here in Australia.

Fatberry - Car or Motorcycle Insurance
A small fish in a very big pond. Currently, there are 23 insurance companies providing similar products.
Yes, it provided a profit - over six months up to December - revenue reaching $66,677.00 and we are lead to believe 180% increase in January = an estimate of $186,695.60 - They are going to have to reinvest back into the business and advertise, advertise, advertise to grow market share.

SmartFunding - I have posted the stats on this and again, this will be a long term venture. Again very much the same as FAtberry.
Positive I see is the Peer-to-Peer loans that are set up - my concern is the language used to potential investors.

Minerium - I have access to tools to validate the Bitcoin Blockchain hash data. No Miner identifier. Because of the computing power now required to generate Bitcoin and the overall cost - many miners are mining lessor valued crypto. Also because over 65% of Bitcoin is actually mined in China. The chance of resolving one of the 144 blocks that are mined per day is very low. Also, the Minerium website is out of date and many of the pages have not been updated since 2019. Also, we know that majority of the mining sites are not actually in operation based on FFG press releases.

Look at the FFG financials.... and this is not reflecting on Minerium but on what FFG currently hold...

Posted on 31 August 2020 -
Year ending 31 December 2019 - Crypto currency = $182,195.00 in value = best case scenario equates to 25.327374 Bitcoin at the time
Six Months ended 30 June 2020 - Crypto Currency = 178,647.00 in value = best case scenario equates to 17.495 Bitcoin at the time

Yes these are estimates - based on the financials of the value of the Crytpo at that time.