First Global Data Ltd FGBDF

remember

[bfinley]

Sorry to cut and paste, but this was part of a release or was posted a while back. It's hard to tell what a company is really doing, or if anything they are doing is really helping, but here was FGD a few days/week ? ago, and if you are just letting a company go down the tube, you don't do this stuff, not even to buy another few days (what for?). So, I think they are going to do something "in the nick of time" as they say. And whoever is selling these 4 cent shares right now, I wonder what they paid for them. So for them, FGD is also a losing proposition, and I can understand, why wait to see what happens if you've already lost that much?

Mr. Akerfeldt provided the following update statement: "To enableFirstgold to buy time for a positive restructuring process to takeplace, Firstgold has completed some interim financing with existingstakeholders in the Company. It has secured approximately $500,000 incapital for the Company. $300,000 came in as new capital and another$200,000 reflects compensation converted to debt in lieu of pay forstaff and directors.