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Bullboard - Stock Discussion Forum 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... see more

GREY:FGBDF - Post Discussion

First Global Data Ltd > Massive losses
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Post by LeapedGryphon on Jul 17, 2019 5:17pm

Massive losses

If you lost that much I would not let them get away with it. There has got to be some way to put Itwaru behind bars and other corporate officers. Fortunately I did not lose very much at all. I would never put anything over say 1,500-2,000 USD in a OTC penny stock, but thats not the point. If you have that much money to put into OTC stocks, you have enough money to make Itwaru face what he deserves, which absolutely is jail time. It seems to me Canada has a real problem with penny stock scams. This basically turned out to be Saint Jean Carbon but much much worse. Fortunately for me, I used Saint Jean Carbon and First Global Data only for trial and error learning purposes. I learned that no matter how attractive a penny stock seems, DO NOT INVEST. When it comes to these types of securities, the officers can lie and manipulate and not a thing will happen to them. It makes the likeliood of failure almost assured every single time. My advice in general from now on, don't invest in OTCs and don't  invest in Canada because their regulatory bodies for securities are pretty much superficial and almost entirely symbolic in nature.
Comment by PennyScrapePat on Jul 19, 2019 9:32am
i'm sure for about 10K you could have his legs cut off and for another 5K  they will bring you his legs right to your door.
Comment by shooter300 on Jul 19, 2019 11:33am
Not worth it he should go behind bars
Comment by shooter300 on Jul 19, 2019 11:34am
My worst nightmare came true.
Comment by PennyScrapePat on Jul 19, 2019 3:22pm
I know it’s not worth it but what a nice thought...
Comment by BuyNowTrends on Jul 19, 2019 7:09pm
This post has been removed in accordance with Community Policy
Comment by HobbyDigger2 on Jul 30, 2019 6:40pm
agree,  Co still trying something. What to expect next time. DoC - Dead of Co ? Working Capital ? Anyone to that point ? Tks  HD 
Comment by LeapedGryphon on Aug 06, 2019 3:36pm
The company is not trying ANYTHING. Its over. IT IS OVER. You have lost ALL OF YOUR MONEY. You have been scammed thoroughly in a neat and clean fashion. Have a good day and stay away from penny stocks. 
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