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Bullboard - Stock Discussion Forum 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... see more

GREY:FGBDF - Post Discussion

First Global Data Ltd > Shareholders, let's contact the OSC now!
View:
Post by NYX2017 on May 19, 2019 7:19am

Shareholders, let's contact the OSC now!

Not only the sale of the US assets to former FGD CEO doesn't smell well, but since they've sold the international operations, AND the US operations, AND they've laid off all the employees - they've literally LIQUIDATED the company!

There is NOTHING left, no real assets.

In my opinion, there should have been a VOTE! Shareholders should have been given the opportunity to vote for or against the sale. The price paid is ridiculously low! They are giving it away for only $1M - the other $4M paid as a 8% royalty is a joke! It's such a bad deal!

I'm going to make a complaint to the OSC, and I think all shareholders should do the same: https://www.osc.gov.on.ca/en/contactus_index.htm
Comment by shooter300 on May 19, 2019 8:03am
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.
Comment by shooter300 on May 19, 2019 8:53am
It's over with FGD,they're playing a game with shareholders.we should not let Andre Itwaru get way with it.A class action should be brought against All former directors- CEO-CFO.
Comment by jkonstan on May 23, 2019 2:29pm
OSC investigation # 20190523-30780 Now let's start a class action. Any suggestions??? I'm in
Comment by Slabber on May 23, 2019 3:15pm
I am out tens of thousands in this company. Can someone tell us how the class action suit would work? How would we re-coup our $$ and where would the money come from? Are all shareholders automatically included it the CALS?
Comment by jkonstan on May 23, 2019 5:16pm
Comment by ThexxxInspector on May 19, 2019 1:48pm
I think if enough people complain they may do something. The squeaky wheel gets the grease.
Comment by formosataiwan12 on May 20, 2019 8:43am
In my opinion there should be a vote ? I'm going to file a complaint with the OSC ? You are a moron ..... the facts are this was a pump and dump and your money is gone.... face the facts.... or try filing a class action lawsuit with some lawyers from the USA..... it's scary how dumb some investors on this board are...
Comment by shooter300 on May 28, 2019 9:09am
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