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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Comment by NYX2017on May 02, 2018 3:06pm

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Post# 27972009

RE:RE:RE:RE:RE:RE:RE:Halted

The best post I've seen here recently. Everything you said is exact.

Other posts here trying to scare people are just noise and useless.

Caliaccel wrote: A "revenue recognition" isssue is an accounting issue.

The new IFSR rules mean that revenue has to be accounted for differently than GAAP, before they can be included in year-end financial statements.

This means that all of FGD's current and future contract revenue just needs to be split up into deliverables to be recognized under the new IFSR rules.

FGD the company, their financial statements and the principals of the company have been investigated and vetted by every U.S. state in which they have already received their licenses.

TenPay has also done their due diligence on their partnership with FGD.

The point: ALL the contracts that FGD have are still legally valid contracts.

FGD is a profitable company and will continue to receive revenues from all of their contracts.

This is only an accounting issue.

It also explains why 2 insiders of the company were buying FGD shares in the .20 cent + range, in the open market - before being advised that FGD has to conform with the new IFSR rules.

If anything, the pending announcement that insiders cannot temporarily transact in FGD shares means that they cannoy BUY company shares cheaply of which they had already paid 2-3 times the current share price for.

Given this, the current share price is extremely undervalued and will rapidly increase, especially considering the 2.3 million shorts that need to be covered.