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18.0¢ first growth funds limited

CSE-FGF, page-161

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byyourside

733 Posts.

77

03/02/20

21:01

Post #: 42725513
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Originally posted by iReact: ↑

What price did the existing shareholders pay for Shares in Sqid?

As a guideline, I took this from the FGF prospectus.
The Company invoiced SQID $45,545.54 for advisory services provided from December 2018 to October 2019 andwas issued 151,515 Ordinary Shares of SQID in full payment.So that would mean FGF values the share price of Sqid at 45,545.54 divided by 151,515 which equals $0.30 per share.
So not expecting any existing shareholders to sell below $0.30
Besides 20,000 shares at $0.28 is only $5600.
I expect existing shareholders are also waiting for some bids with decent volumes.

It will be very interesting to see at what price and volume the first Shares are sold.

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Exactly - was going to say things look promising because there is a buy for $5,600?
People on here are more desperate than I thought!

FGF Price at posting: 18.0¢ Sentiment: Buy Disclosure: Not Held
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