agree - that’s what I said in my other post. All the signs point to RTO prep// non exec director with history in RTOs buying larger (controlling?) stake// founder and management booted// attempt to sell off assets
they’re basically cleaning house and prepping the shell. We will be diluted severely in the process but at least we can get another bite.
I don’t like RTOs, and I know FGO was one. Good companies don’t need to go through the back door. I wonder what will become of this shell....
my guess is a health tech startup. There must be one about to list with all the covid stuff going on and a pathway to listing via RTO dies mean a quicker listing// strike while the fear is real.
New directions FGO, page-7
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