First Global Data Ltd FGBDF

RE:LAST WEEK WALK DOWN IS OVER

[fugazzi123]

Selfmade333 wrote: It seems.....

Slowly the bulls should be able to walk this back up to .30

I believe the reason for the sell off at the end of last week from .30 - .24 was either warrents coming in play as I beleive a batch has freed up around that day OR could be due to the legal issues with Fountain Asset Corp and FGD.... 

IMO FGD has this under control because Fountain asset corps CEO just resigned lol and from reading our lawyers statements FGD is ready to counter sue for 20 million. 

The company may have to buy the warrents back in the public market and then cancel them. So that could also be scaring the price down into a sell off.. Its all psychological. 

I think this slow and steady walk up is the only way people can build trust for it again after such a huge sell off

With all this said (if you made it this far) I know that before 2018 we should see the .30's again and maybe .40s and then as of 2018 when the news and revenues roll in, back to where we were trading earlier this year at a buck (At the very least)

So as Charlie Munger says Buy into weakness. Sell into strength 
.So i am loading up now while the waters are a bit more bumpy with all the legal news floating around

In a nut shell it is fountain that may be forced to buy back the 26,000,000 shares in the open market
and then would have to return them to FGD to be cancelled.

The warrents are what fountain is trying to collect on, from earlier deals made between fountain and FGD that forced FGD to hand over the 26,000,000 shares for the atempted forced purchase of LTP.