Normally love playing with the charts but need to work some FA in there too for good measure
A few quick calcs on FGF current position before their Quarterly comes out this week.
seem to have 2 major deals among a few others on the table
ACU
listed Aug 25th
sales so far
Aug: 9.984M
sept: 346.535M
oct: 844.352M
total: 1.2B odd traded so far..
FGF holding @ Aug 25 was $10M @ 0.005 = 2,000,000,000
assuming ACU was holding the rest they would be holding $40M @0.005 = 8,000,000,000
someone is obviously offloading a few here either way we should see some positive news from this either.
FGF having sold and converted into $$ or
ACU are off loading quite a few and getting us close to if not hitting our fees bonus for them selling their first $1M worth of shares.. which = $250K for FGF
@ avg sale price of .0075 (very conservative) ACU would only have to off load 133.3M tokens to trigger our first fees bonus
Second fee bonus comes when ACU sell $5M = approx. 666.6M @ .0075.. which = $312.5K for FGF
Either way we could be looking @ $250K in fees + whatever we have been able to sell ourselves..
I dont know how quickly they get onto moving the tokens but if your main point is to help a company set up and part of your fee is tokens you would be moving them off pretty quickly to open up further funds to move onto newer project and more clients not be holding to acquire some sort of portfolio IMO
Their other deal is with CryptoData Vault were FGF was given 15.56% of SOVC on listing = $3.89M
Currently trading @ 20% above listing price = $4.67M.. provided nothing has been sold.
should be looking @ approx $778K in the green currently
Also not taking into account FGF also has a 50% stake in CDV's 30% holding which =
$7.5M on listing. Currently up 20 % = $9M = $4.5M for FGF also provided nothing sold.
probably not likely that they haven’t sold any, however whatever CDV have sold FGF are making an make 6% on for fees.
Market cap still quite low @ $20M … SP = 1.3… well below 52w high of 4.7
Should be a decent quarterly here.. maybe a bit soon for news from the SOVC sales but if they can announce some good profits and follow up with some good news re. SOVC soon. could see SP start to move quite rapidly.. IMO
(20min delay)
