Author Topic: FGE.to - Fortress Paper (formerly FTP.to)  (Read 825543 times)

alertmeipp

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Re: FGE.to - Fortress Paper (formerly FTP.to)
« Reply #2720 on: October 12, 2019, 08:54:52 PM »
Anyone see values in common or the convertible bond?
or it's a wipe out?
Chad is selling out so I assume no way common will have any value?


SharperDingaan

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Re: FGE.to - Fortress Paper (formerly FTP.to)
« Reply #2721 on: October 13, 2019, 06:29:39 AM »
At best, they've been burning 2.5M of cash every 21 days, & why they have shut down. They have enough cash left to maintain the assets while they are on the block, but it's an 'orderly' liquidation. To make a $ now is to trade it, not invest in it.

SD


Liberty

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Re: FGE.to - Fortress Paper (formerly FTP.to)
« Reply #2722 on: August 11, 2020, 11:48:35 AM »
At best, they've been burning 2.5M of cash every 21 days, & why they have shut down. They have enough cash left to maintain the assets while they are on the block, but it's an 'orderly' liquidation. To make a $ now is to trade it, not invest in it.

SD

Well, the market cap is now $220k CAD, so you can probably buy it whole and run it how you think it should run.