First Global Data Ltd FGBDF

Wake Up!

[Caliaccel]

You all know that there are some major shareholders of FGD. Between Lacey, Price and Wieler, they own a combined 38.7 million shares of FGD. First Global is getting an aggregate US $5.0 million (CDN $6.7 million) for the U.S. state licenses. If major shareholders are happy with this and the new direction, perhaps you should be too. I think the shorters on this board are trying to agitate because when this eventually starts to trade again, the share price could shoot up. Since January 2019, First Global has been in transition. It started with the resignations of its long time CEO and COO as well as the entire board that had run the Company for several years. A group of shareholders and senior creditors, along with senior management, resolved to stabilize the organization and prepare for the next phase of the Company. A new board was appointed, featuring a majority of independent directors who bring diverse experiences, corporate governance know-how, business acumen and fresh perspective. To pursue its new initiatives, the Company understands and anticipates that a major round of funding and capitalization will be required in the near term. As such, the Company is currently considering options such as a significant debt-for-equity conversion program. Read between the lines and take the hint: Consider; If the major shareholders (38.7 million shares) are on board with the new direction and debt holders agree to debt for equity conversion and a major round of funding happens, its probably a good thing. Take the hint.