Ffg- fatfish blockchain limited
FOR THOSE WHO DONT KNOW - Take a look at this company these guys are one to watch in the Blockchain space and about to take off IMHO - DYOR
They also recently did a dual listing on OTC market in USA so now traded on both US and ASX
FATFISH have 27% of a CRYPTO EXCHANGE about to launch in Singapore run by the person who set up CHI-X and Instanet which sold to NASDAQ in 2005 - his name is Tony Mackay
FFG- have 51% of a crypto mining company called APAC CRYPTO MINING
FFG- they own 65% of ICANDY who have over 300 million subscribers and who also own NITRO which is a token ICO setup
1) OWNERSHIP
1) Fatfish own 192,500.001 million shares in Icandy (ASX: ICI) which gives them 70% ownership - ICI own Nitro /NOX token-NITRO - First Cryptocurrency Backed by a Public Company & Supported by Video Game Business With 348 Million Smartphone Users Announces ICO
Australian Blockchain innovators NITRO, a subsidiary of iCandy Interactive LTD, looks set to fast-forward the video game industry via their NITRO marketplace. NITRO offers details about their upcoming ICO, scheduled for late November.
http://www.icandy.io/
https://www.nitro.live/news.html
2) Fatfish (ASX:FFG) own 51% of APEC Crypto mining Startup
3) Fatfish (ASX:FFG) own 27% of KRYPTOS=X exchange (run by Tony Mackay -ex CHI-X founder and Chairman
there are other entities they own such as Ifashion etc but you can go to their website and see for yourself
2) NEWS and Information
Animoca Brands, iCandy Interactive and NITRO to co-develop and launch app based on globally renowned television franchise MasterChef - I think this is the major announcement for ICI our CEO was referring to but couldn't say much on Conference call that would be released to ASX
https://www.theaustralian.com.au/bu....051419cca434d1
Asia shapes as crypto capital in ‘biggest disruption since internet’
http://www.icandy.io/
https://www.nitro.live/news.html
https://www.ccn.com/nitro-ico-backed...try-desperate/
https://www.businessinsider.com.au/f...-listed-2018-1
This Australian tech investor will be the first ASX-listed company to mine cryptocurrencies
Fatfish Internet Group will become the first ASX-listed company to “mine” cryptocurrencies such as Bitcoin.
Unlike fiat currency which is issued by a central bank, Bitcoin is created or “mined” with high-powered computers and special software used to solve math problems.
Singaporean tech investor Fatfish is sinking $US1 million ($1.28 million) into a new Malaysia data centre set up to mine cryptocurrencies. It will start operation in two weeks.
Fatfish (ASX:FFG) would own 51 per cent of the business and receive its profits in cryptocurrency, said CEO Kin Wai Lau.
Fatfish was initially approached three months ago to invest in the business but only became interested after Bitcoin values surged in December, Mr Lau told Stockhead.
Bitcoin almost doubled in price to more than $US19,000 in December and now sits at about $14,000 — though the price fluctuates wildly.
“In the last two months there was a major upwards revision of Aussie cryptocurrency prices and that made the business look a lot more lucrative than it did a few months back,” Mr Lau said.
So far no other listed companies in Australia have ventured into the volatile — and expensive — space of crypto mining.
3) CONFERENCE CALL
1) KRYPTOS-X -
Launch in Singapore initially, follow by North America • Crypto exchange in highly regulated environment • Founded by Tony Mackay, founding CEO and Chairman of Chi-X Global, alternartive stock market
Its progressing well. Kin said we should have market update soon after working committee meeting this Friday 12th January 2018
KRYPTOS=X on track to be up and running in current quarter and will give us exposure in Singapore and SE Asia and other crypto currency ICOs can use our exchange - Run by Tony Mackay who was involved as Chairman of CHI-X
2) APAC CRYPTO MINING
Cryptocurrency mining going live in 2 weeks time - which we hold 51% ownership of. Kin talked about power consumption and mentioned Mongolia and Malaysia as hubs for reduced power consumption tarrifs compared to other countries -
Rewards in the form of transaction fees and reward coins are given out to computing provider that solves the mathematical formula at every block (10 minutes interval for Bitcoin and it varies for other coins). Mining refers to the business of providing these computing power over the internet and earn the fees and rewards.
Investing US$1m for 51% of APAC Mining Corp.
• APAC Mining to launch in Malaysia with 4,500 trillion hashes per second (TH/s)
• 2 sites in Malaysia, with electricity capacity and tariff secured
• Future site in Mongolia
APAC Mining’s focus is to mine Bitcoin Cash (BCH) and Ethereum (ETH)
• It will have ability to mine other cryptocurrencies and will take a optimised switching approach
• Initial Capacity:
• SHA-256: 4,5000 Trillion Hashes / second (TH/s)
• EtHash: 8500 Million Hashes / second (MH/s)
In terms of power usage / cost Kin said it equates to 10% to 15% electricity cost so return was in vicinity of 80% net revenue to the company ( first year in 2018 $400,000 USD per month) and expected to grow 3 fold in coming years so $1.2 million USD per month which is excellent . Its all in the announcement and presentation slide show
3) ICI ICandy
deal soon to be complete and Kin said he will advise shareholders via ASX shortly - finally come 22 Feb !! this will provide us with additional value on current share price as per investment report on company website ! Think we looking at 16-20c share price range once this comes out of suspension -
4) Philip Lord-
currently doing investor roadshow this week in Brisbane/Sydney and heading to east coast of USA next week to talk to Funds and his connections as he was previously involved in major banking sector in America and Japan from memory so has some large contacts ( big opportunity)
5) Kin Wai Lau
admits and quoted as saying FFG share price is very cheap compared to similar companies abroad in America and Europe
6) DCC
was mentioned and cant remember what was said exactly but not a problem for us in terms of getting to their market cap of 110 million based on the above and future revenue streams / opportunities - we currently around 40 million market cap
7) OUR INTERNATIONAL LAUNCHPADS
STOCKHOLM - Source of innovation, talent - Leading tech hub of Europe - Friendly jurisdiction for cryptocurrency
SINGAPORE - Source of capital - Market access - Leading tech hub of Asia - Friendly jurisdiction for Fintech
NEXT 12 MONTHS MISSION: BUILDING A STRATEGIC ECOSYSTEM PLAY FOR THE CRYPTOCURRENCY REVOLUTION
Anyway there was so much conversation and he explained about Blockchain technology and where we are headed to become a GLOBAL name !!!!! BOOM !!!!
Watch this SPACE is all i can say - those who think this should be below 10c are completely mistaken - we are in massive upscale growth pha
He said - "We also bringing on some of the Wall street executives " to bring the whole international expertise to the crypto currency space- this could tie in with Philips US visit this weekthats all I have on the subject
Kin- Wai also mentioned on the call that there is a major transaction in the pipeline happening as we speak which he would release to ASX as soon as they complete- investing across the entire crypto currency sector and not just one sector- and he believes we are very well placed to be able to look at things like rising ICO's etc..... as they can list them on their Singapore Exchange as they have influence over the exchanges they have invested into - he also said the exchange would have industry experts involved who have the necessary regulatory industry compliance understanding which is very important !!!!!!
very smart if you think about it - they invest in ICO's like the one announced last week and we can get them onto our KRYPTOS-X exchange because we own 27% of it and 51% of the crypto mining stock - brilliant !! we get to control where these ICO's list
He said that as we hit these many milestones the share value will increase and to consider that we are at the beginning of this crypto revolution so in strong position for multiple value in share performance
He said on call that he firmly believes strongly FFG are in the top 10% of public companies and in terms if institutionalised investment - he said and i quote "we are definitely at the forefront - they been getting calls from fund managers last week -
And believes the underlying value of FFG is much bigger market cap in the future - And is keen to provide regular updates but said ASX are now regulating the over promotion of companies which recently changed so they will update as much as possible
For the record He also said ICANDY updates including a major transaction coming very soon which he will report to ASX- if i heard him correctly
DYOR
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