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First Trust Dow Jones Global Select Dividend Ix Fd V.FGD


Primary Symbol: FGD

The investment seeks investment results that correspond generally to the price and yield before the funds fees and expenses of an equity index called the Dow Jones Global Select Dividend IndexSM. The fund will normally invest at least 90% of its net assets including investment borrowings in the common stocks and depositary receipts that comprise the index. The index is an indicated annual dividend yield weighted index of 100 stocks selected from the developedmarket portion of the Dow Jones World IndexSM. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index.


ARCA:FGD - Post by User

First Trust Dow Jones Global Select Dividend Ix Fd
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Post by Caliaccelon Jun 04, 2017 7:08pm
359 Views
Post# 26322633

44.7 Million Shares and Warrants Issued at .20 Cents a Share

44.7 Million Shares and Warrants Issued at .20 Cents a ShareThe reason the share price is continuing to sink is the announcement that the company will be issuing a total of 44.7 million shares at .20 cents a share. A lot of cheap paper! No re-negotiation! If the company had improved so much, why could they only get .20 cents a share? Why not .50 cents a share? No mystery why the share price will continue to sink. This is in addition to the company having to pay out a total of $2.1 million of its cash. Revenues are still a long, long, long way from a descent multiple no matter how pumpers try to spin it and then dupe and sell their shares to gullible investors. Although the debt is erased, it is the shareholder who now has to suffer the overhang of cheap paper for many more months to come of the increase of 44.7 million shares at a paltry .20 cents a share.
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