SOI: 1.459b(114.5m among this SOI are Excowd for 12 months)
MC: $22.8m
Cash: $11m
Investments: PG1, FYI both listed ASX, another one Cloud Lumen, going to listed on Q2 2018, total value around$1.5m, USA Crypto development...
BCG ( Blockchain Global) which is the backer of DCC(made 8 baggers) is the Top investor for FGF and Solely assist FGF for Blockchain acquisition and ICO token Offering without Cost upon completion of Placement.
A director being appointed to FGF board who is a Blockchain/ICO experts By BCG.
one thing is need to point out, a 282m at 1.3c Placement have been completed which is led by BCG and this is the Prerequisite for BCG officially on board which already the case, and among this 282m, 114.5m excowd by BCG and another 89m went to BCG related Mr Dong Bo, so only 79m cheap hang, these shares issued on 1st March and imo, If all those 79m cheap wanna out with pips(i doubt BCG introduced aiming for pips), majority of them are already out.... given the rest FGF holders Break even are Way over 2c+( it run from 1.4c to 4.7c and changed hands big at middle 2c since november to February, plus 270m options have been converted at 2c since December 2017)
the 1st snapshot is from Commsec because Iress not show the trade history back 1st March so i had to post it in addition to the other 2 trade history from Iress...
as you guys can see, there is a 1.4c low on 15th March, the fact is it is done by Bots and the average for that day is roughly 1.57c and only several 100s/200s units done at CXXT at 1.45c )
in addition, FGF had done a 50m at 2c placements to assist acquisitions.
so all in all;
FGF has been in discussion with BCG since beginning of January and as an Investment Vehicles and cashed up cow which going to do Blockchain Acquisiton and ICO token offering, Blockchian/Crypto expert director from BCG, got sold down and Bot played, 1.6c/1.7c is a good entry point (if you not aiming for 1 nor 2 pips) and a ST hold should see strong reversal...
TA wise.
i am not TA guy but FGF seems drew out substantial supply and in a bottom range and waiting to rise up in due course....
compared with DCC $130m MC and $7m cash on hands, FGF offers substantial Upside with BCG helps and assistance.
(20min delay)