FFG 7.69% 1.4¢ fatfish group limited

in response to @jakierussell's remark "If this is a p&d"...

  1. 1,914 Posts.
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    in response to @jakierussell's remark "If this is a p&d" (https://hotcopper.com.au/posts/73772288/single), look at the data:

    284% pump in one month; 22 Dec 2023 (1.3 cents) to 23 Jan 2024 (5 cents)

    https://hotcopper.com.au/data/attachments/6163/6163098-5e2387d52a27b767c0a4073fd5795d0f.jpg

    then there's a 48% dump in just the next 2 weeks; 23 Jan 2023 (5 cents) to 6 Feb 2024 (2.6 cents)

    https://hotcopper.com.au/data/attachments/6163/6163095-f6ee0b1f9401b80c9a975b81f0dd624b.jpg

    on 4 Jan 2024, mid pump, ASX detects abnormal trading activity & FFG replies, 'nothing to see here'

    https://hotcopper.com.au/data/attachments/6163/6163104-230736adf1446f3a9c57870394eef0e4.jpghttps://hotcopper.com.au/data/attachments/6163/6163107-c7dac2c00a3d4e2df4c978802f7f6f1c.jpg

    however, one week after the ASX correspondence on 11 Jan 2024, FFG announced that "AI Lab" established with "initial Investment up to A$8 million over 3 years"

    https://hotcopper.com.au/data/attachments/6163/6163101-d1ab64382d61d3ef60b6f0d35f7e739a.jpghttps://hotcopper.com.au/data/attachments/6163/6163092-21588547ee261a6d662b0d134dc03669.jpg

    then, just another 2 weeks later (24 Jan 2024) Rhys Campbell appointed/Hibur

    https://hotcopper.com.au/data/attachments/6163/6163089-80b5c0b54d63482c179b1590c8663988.jpg
    https://hotcopper.com.au/data/attachments/6163/6163086-67e118765eca346a49ddf5e08d2dfecc.jpg

    284% pump, now 72% dump, in 4 months:

    https://hotcopper.com.au/data/attachments/6163/6163141-bd8823ed4fbf485e915b5a49a06a20c3.jpg

    the trading activity leading up to & including the 11 & 24 Jan announcements, followed by swift dumping (23 Jan to 6 Feb) doesn't look like regular market activity or coincidence to me, especially considering the volumes?

    FatFishyGroup

    any other analysis?
 
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