First Global Data Ltd FGBDF

FGD is a scam.

[neliohd]

FGD was scam from the beginning. Andre Itwaru raised the money from investors based on their major business - which was the money remittance licenses. Misrepresentation of the revenue was to keep the buzz going. Once OSC caught up with that, they changed the Board and executives so many time that it is impossible to hold anyone accountable. Itwaru will acquire FGD major business - money licenses, for his new venture, business that has been acquired with our money but we will not see a dime of it. If FGD ever trade (which I doubt), without its major business it will worth nothing. The proceeds from the sale of assets will go to debt holders, the shareholders will be left to hold their d***s. The only way was to stop FGD from selling its assets and file a class action. May be we will be able to recoup some of our investments and screw Andre and the rest of BOD, so they would not be able to pull another scam like that. Hoping for FGD to recover or trade again at meaningful levels is futile.