First Global Data Ltd FGBDF

First Global Data Ltd is a Canada-based company. The Company is a financial services technology (FINTECH) company. The Company enables its strategic partners and clients around the world through its financial services technology platform. Its technology drives the convergence of compliant domestic and cross-border payments, shopping, peer to peer, business to consumer and business to business payments. The Company's two lines of business includes mobile payments and cross-border payments. The Company's FINTECH solutions include FirstGlobalMoney, Happytransfer, Vpayqwik and Payqwik.

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First Global Data Ltd

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Post by lilbuggeron Aug 21, 2002 11:47am

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Post# 5374543

Rats are jumping ship

After further review of the Company's financial statements I noticed another flaw. The Pioneer Canal 12-10 well which on a May 30 news release said they were going to increase their interest actually looks like it is being dropped. Note 3 part (b) "During the year ended May 31, 2002, the Company did not consent to the payment of rework costsof US$13,616. As a result, pursuant to the option agreement, the Company has relinquished its right to receive its porportionate share of up to $54,468 of future revenues. It seems to me that there was some misleading news releases being issued.......they changed their mind from increasing their interest to dropping it in one day and not bothered telling anyone. I now see why Jason jumped ship.

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