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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.


GREY:FGBDF - Post by User

First Global Data Ltd
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Comment by Teflon2Hypeon Nov 16, 2018 7:16pm
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Post# 28988125

RE:RE:RE:RE:RE:RE:RE:RE:Class Action Lawsuit?

RE:RE:RE:RE:RE:RE:RE:RE:Class Action Lawsuit?
"New to investing and got caught up in FGD when stock halt was placed … Is this time frame ie from MAY an extremely long period for a halt?"



FGD is not under a Halt. It has been issued a Cease Trade Order.


The majority of the time a  stock is halted when there is an imbalance or to prevent an imbalance of information regarding the company. This is done to keep everyone on a level playing field and when that information is make public to the masses, then the stock resumes trading. This by it's nature is very temporary.

A stock under a cease trade has been found for what ever reasons to not be fit to publicly trade. This by it's nature alone can be permanent if there are no available remedies or if those remedies are not enacted in an acceptable way.


 

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