RE:RE: SquidlyJonesAnd this.
Q8: With the stock price running as much as it has and with expectations of future profitable growth, it's reasonable to expect that FGD will have dilution from the exercise of options and warrants. However, with that dilution comes a cash inflow of $33 million, an absolute massive amount for a cash flow positive company with less than a $100M market cap. What do you plan to do with all that cash?
FGD plans to do more expansion - an opportunistic M&A spree to acquire companies that will bring value and intellectual property. FGD has and plans to stay ahead of the curve as a technology company. Blockchain technology was mentioned before and that is high up on the list of acquisition considerations. With the licenses that FGD already has, there is an opportunity to unlock synergies with any potential acquisition target.
Q9: Douglas Smith was a recent addition to the Board of Directors and has a very impressive resume, including being the former Assistant Secretary of the US Department of Homeland Security. Where do you think he will fit in to FGD?
A9: For this question, Andre pointed me towards Mr. Smith's quote in the December 7th press release: "It is indeed a privilege to be appointed to the board of First Global to help lead the FINTECH revolution currently taking place. It is my intent to reach deep into my rolodex to create opportunities globally and to maximize First Global's world class mobile payment technology as we cut a wide swath across the payments landscape". Andre emphasized the phrase "deep into his rolodex".