The Froggy Channel.

Originally posted by Yowie21: ↑

Team HC FGR,

@Whatsamadoovie @1for1 @Bigglesworth @HCuser3 @shodd @Eqz @sle @Futurist88 @superlib11 @tylermax @Stevious1 @drchips @Dungaa @Cashtrain@waltavoc

Once again more self set milestones have come and presumably gone without the presence of accountability, my position has been clear for years and I hope a few more of the longer term holders start to see what has been obvious for the longest time. Yes investing is emotive and yes people like to be right but beware the curse of comfirmation bias, the failure of FGR management to make good on the potential is not your failure! you have all individually seen the potential as have I.

I have for many years campaigned publically and privatley for a change at the top of FGR my prefered method would of been for strike two to occur and for a spill motion to go to vote. My efforts have seen my ability to post on the FGR forums restricted and after much effort WG has recently been successful in determining my identity, what will come from that remains to be seen. It is obvious that WG in particular has rallied the elements of the register required to shore up support as evidenced by the last 2 AGM results, but what is the cost of that support?

Now this is just opinion but I will point out opinion supported by fact. Twynam FGR's largest individual holder and close associate of WG sold heavily into the may/june spike nailing the absolute top of the run and evidenced by their sub holder notice once they exercised their options as per the last T20 notice plus 3 million options on top (anyone want to guess where they aquired these extra 3 million options?)

For those that aren't aware the far right of the table is the number of shares, sells in brackets and buys out of brackets, ignore the one next to it as it is the total sales price which has been incorrectly stated, if you do the math Twynam sold all those shares in june for 16.5c each while the shareprice ranged from mid 20s to 32c.

Why would a company like Twynam be selling at a time when the company had stated that NICNAS was the key to unlocking multiple sales contracts?

A backlog of customers waiting to buy upon NICNAS? yet those close to WG were selling into the hype, fast forward to the AGM and he can't remember stating timelines to breakeven? give me a break. Last year AGM it was posters on HC, this year its other social media posters that are to blame all I can say is don't let them get away with it anymore. Some have stated that the SP is at the same level it was two years ago which isn't really true, while the number might look the same the number of shares on issue are much different. Three years ago when I lost confidence in the management team you only needed a shade of 10million shares to have 5% and call for a spill, today you need more than double that.

I have so much more but would encourage everyone to spend the weekend going over the last four years of executive pay, credit raises and projections. Also look at options issues to management and share transfers no matter the type and the disclousure that went with it. Look at the AIM listing and ask yourself who made the decision not to list on AIM, FGR of someone else?

You are all part owners of the company, act like it.

For those that care to do the math based of the FGR SP VWAP for the period Twynam was selling I will tell you I calculated that they made over 500k plus ended up with 3 million more shares than where they started

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The one bad part of the AGM? All the statements made about potential customers are easily dismissed or denied in the future.

SupremeSAT sat? Engage Marine? Give it enough time and they won't recall Newgen was ever a partner.

What about the re election and the issue of 3 million options each? They were pretty bad and the issue of those options is the only thing that's been done in an expedient manner since the last issue of freebies, they couldn't even wait an hour to get them locked away.

Breakeven, what breakeven.

But hey to be a true player you got to know how to play.