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FGF - nice tip Malaga, cash burn also low Compared to peers only...

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spongebobby

1,894 Posts.

48

17/05/18

10:46

Post #: 33156754
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Originally posted by Malaga ↑

STTCOMP FGF FA Long
First Growth Funds Listed investment fund focus blockchain and crypto
Mkt Cap $16 m
Cash and Assets $12 mil
Last traded price 1.1 cent
SOI approx. 1.2 bil

FGF anns crypto wallet deal 15 days ago and traded 1.9 cents been a slow grind down on lack of follow up news. Today a 6 mil seller dumped from 1.4 cents and started a panic sell which led to 22 mil shares trading and low of 1 cent. Sam Lee of BCG has put in $ 2 mil of his own money to crypto wallet and cash and holdings easily disposable of $12 mil. Either the panic sellers will stop and bargain hunters come in, or another dump from over weight retail with drive it down more.
News could come any time on acquisitions or investments. Not for the feint hearted and short term could suffer more pain.

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FGF - nice tip Malaga, cash burn also low
Compared to peers only 130K / quarter

XAO Value at posting: 6,191.4
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