Blockchain: 2018 Disruptor of the Year, page-140

FGF is NOT a bitcoin miner and FGF do NOT hold bitcoin.

Also, regarding ICO investment, mgmt has a good enough safety plan in place.


(From the Ann on 28/02/2018)
Management of volatility and liquidity

1. The Company acknowledges and understands that investments in digital currency (such as via ICOs or pre-ICOs) are highly volatile and amongst things face illiquidity risks.

The Company intends to limit the volatility exposure of any investments in ICOs and pre-ICOs by liquidating into fiat currency as soon as practicable and upon such liquidation taking place the funds would be reinvested. It is not the Company’s strategy to directly hold a particular digital
currency long term and speculate on the value of that currency in the long term.

Rather, the Company’s strategy is to seek to invest part (maximum of 20%) of its funds at a pre-ICO stage if possible (or ICO stage) and then liquidate its investment as soon as practicable after listing on the exchanges.

This is consistent with FGF’s existing approach to investing in unlisted
entities to achieve a liquidity event and increase value for shareholders.

Additionally, if any
tokens/coins are received as a ‘bonus’ by FGF in a blockchain business, those tokens would also be sold as soon as practicable once the token/coin is listed on the exchanges.

This is the strategy the Company intends to use to manage market volatility in this asset class.

2. Mr Manzoori is skilled in rebalancing a digital currency portfolio during periods of uncertainty in the market including moving Digital Currencies to Fiat Currency (AUD or USD) and moving
Digital Currency across exchanges (within minutes) providing fast access to liquidity and management of volatility.

3. FGF plans to convert its tokens to Fiat Currency as soon as its Digital Currency from the ICO is made available in the exchanges.

4. There are US$ Billions worth of transactions per day on Digital Currency in exchanges.

FGF intends to initially invest a maximum of $250,000 per ICO and does not expect to have liquidity challenges.

FGF acknowledges that some Digital currencies do go through periods of liquidity bottlenecks due to a number of reasons including high transaction volumes, network congestion, supply and demand, to name a few.

FGF believes it will overcome this risk by:
a. There are over 1500 Digital Currencies and growing. This provides a big market to
select multiple trade pair pathways to lead to fiat currency.

b. FGF can also break down its holding of a Digital Currency into smaller parcels across multiple exchanges and also chose multiple trading pairs that lead to fiat currency.

......

I like the FGF portfolio, all businesses seem to have a good potential to grow, not to mention booming blockchain tech opportunities.


I think I would allow FGF for min 2years to see the progress of the portfolio (all seem pretty safe bet)

Maybe 10c end of 2019?
PG1 and Cloud Lumen looking great, plus upcoming blockchain investment might bring some nice return too?

If you hold 10M FGF shares ($130,000) now could be $1M in 2019 ^^

Why not? FGF hit 4.7c early this year with massive volume.


All IMO DYOR.