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18.0¢ first growth funds limited

FGFL Monthly Reports, page-14

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TongkatAli

506 Posts.

47

17/05/21

14:32

Post #: 53224395
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Originally posted by iReact: ↑

Monthly Report from May 6th 2021 can be found here.
https://webfiles.thecse.com/20210505_FGFL_Apr_Form_7v2.pdf?DyPRaz75Ev7R.62AO_OvPq9wEJjLm699

During the month the Issuer increased the consulting fees paid to Dalext Products
Pty Ltd, a entity related to Director Mr Athan Lekkas from A$90,000 to A$150,000
per annum. Mr Lekkas has been spending considerable more time on First Growth
Advisory business unit including managing First Growth Funds mining
investments.

Acquisitions:
During the period, the Issuer invested US$100,000 into a put option arrangement
to acquire interests in Dotz Nano Limited (ASXTZ) and H2Blue Tech, an Israeli
company that hold Rice University rights for the hydrogen and gas capture
technology. The Put Option expires November 1, 2021.

Dispositions:
During the period the Issuer realised:
• A$18,629 proceeds and a gain of A$5,250 from the sale of its 75,000 shares held
in Great Western Exploration Limited (ASX:GTE), and
• A$46,993 proceeds and a loss of A$8,325 from the sale of its 277,500 shares hled
in AGC Limited (ASX:AGC).

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why does this matter when the shares are not tradable at all?

it is a write-off in any sense

FGF Price at posting: 18.0¢ Sentiment: Sell Disclosure: Held
1 Upvote

0 Great analysis

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