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Capital Financial Global, Inc. (CFGX)

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Capital Financial Global (CFGX)



http://www.capfiglobal.com/
 




THE BELOW INFORMATION WAS ADDED BY PENNY2DOLLAZ

   A/S  Per OTC Filings   = 2,000,000,000 a/o Sep 29, 2015

A/S (Common) per T/A    = 1,850,000,000 a/o Oct 23, 2015
    
     O/S Per T/A = 1,786,275,316 a/o Oct 23, 2015 


Float  Per OTC Markets  = 1,384,830,299 a/o Sep 29, 2015

 

COMPANY INFO

COMPANY FILINGS

NEVADA SOS ENTITY ACTIONS

CEO COMMENTARY

TWITTER FEED



********************LATEST PRESS RELEASES:********************


********************************



Capital Financial Global Cancels Off-Take Agreement with Noble Metal Kings, Withdraws from All Mining Related Business:

SALT LAKE CITY, UT / ACCESSWIRE / February 4, 2016 / Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has cancelled the off-take agreement to purchase gold bearing ore concentrates from Noble Metal Kings, LLC, originally announced on July 30, 2014.

“We’ve waited long enough for this relationship with Noble Metal Kings to be productive,” said Paul Edward Norat, CEO of Capital Financial Global, Inc. “We can’t afford to further speculate on mining related projects at the expense of our core finance business. It’s time for us to get back to what we know best and that’s finance. Therefore, effective immediately we are completely out of any mining related business. I don’t want anyone owning our stock with the idea that we are a mining company or that their investment will be tied to mining activity in any way – we are a finance company.”

In related a related action, CFGX has terminated its agreement with Quantum Refiners, Inc., which is controlled by our chief executive officer and principal stockholder, Paul Norat, to process ore acquired from Noble Metal Kings, Inc.

The termination of these agreements with Noble Metal Kings and Quantum Refiners marks CFGX’s official complete departure from purchasing and selling mineral materials.

CFGX continues to hold approximately $5.1 million in face amount of notes receivable that Gold Rush Refiners had issued prior to January of 2014, before it was acquired by Paul Norat and renamed Quantum Refiners. CFGX acquired these notes in March of 2014 in arm’s length transactions in consideration of the issuance of about 1.7 million shares of preferred stock. These notes were written down to $1.7 million based on concerns respecting the collectability of the notes in CFGX’s September 30, 2015 financial statements. CFGX now believes the notes are uncollectable and is attempting to resolve adverse impacts on the company by addressing the previous issuance of the preferred stock.

The Company plans to release an updated plan of operations in the weeks to come. Disclosures can be found on the Company’s website and its online disclosure portal at:

http://www.capfiglobal.com

http://www.otcmarkets.com/stock/CFGX/filings




http://www.otcmarkets.com/financialReportViewer?symbol=CFGX&id=150145



 

Company Profile

Capital Financial Global (CFGX) is a specialty finance company that provides asset-backed financing and loan advisory services.

Unlike traditional banking models, CFGX helps organizations obtain needed liquidity by using an asset-backed approach rather than a traditional credit approach to originating new loans, buying and selling existing loans, and converting distressed collateral into cash or trade-able form. We are the preferred alternative to traditional bank financing.

 

Mission & Vision

Mission:

To help organizations obtain needed liquidity by using a non-traditional, asset-backed approach to originating new loans, buying and selling existing loans, and converting distressed collateral into cash or trade-able form.

Vision:

Our higher purpose is to help restore global economic stability by adding only socially and economically responsible financial assets to the global financial system, by helping to rid the system of illiquid, toxic financial assets, and by being the positive change we want to see in the world as an organization.

 

Ethical Standards

In working with us, you will find that:

  1. We treat others as we would want to be treated, in every circumstance. This includes our clients, our investors, our creditors, our business partners, our employees, and the rest of the world that we may impact, directly and indirectly.
    We only do win-win transactions that benefit all parties involved, in some way.
    We do not take unfair advantage of others.
    We proactively provide clear and appropriate information to all our business constituents.
    We do not deceive anyone in any way.
    We respect and protect our economy and the world in which we live and thrive.
    We report those who violate our ethical and moral standards without exception, including our own upper management.
    We ensure that we are living up to these standards by implementing and maintaining an effective corporate governance strategy to monitor, audit, educate, and enforce them.

 


Management

 

Paul Edward Norat : Chairman, President & CEO:

Mr. Paul Edward Norat is Chairman, President & CEO, of Capital Financial Global, Inc. (OTC:CFGX), a specialty finance company. Mr. Norat was previously Chairman, President & CEO, of Capital Financial Services, Inc., a specialty finance company based in Salt Lake City, Utah and operating in the western region of the USA, from April 2000 to May 2010. Prior to 2000, Mr. Norat served as Chief Operations Officer, Vice President of Marketing, and Director of Marketing, respectively, at Equity First Marketing, LLC, a privately held nationwide financial services firm. Mr. Norat began his career as an Investment Analyst for USA Financial Security Corporation, New York, in 1992. Mr. Norat received his BS in Economics and Minor in Business at the University of Utah, and a Master of Business Administration at the David Eccles School of Business at the University of Utah.  Mr. Norat lives in the foothills of the Wasatch Mountains in Salt Lake City, Utah, USA, where he and his wife enjoy raising their four children in the active lifestyle that the mountainous area provides.

 

 
Board of Directors

 

Paul Edward Norat : Chairman, President

Mr. Paul Edward Norat is Chairman, President & CEO, of Capital Financial Global, Inc. (OTC:CFGX), a specialty finance company. Mr. Norat was previously Chairman, President & CEO, of Capital Financial Services, Inc., a specialty finance company based in Salt Lake City, Utah and operating in the western region of the USA, from April 2000 to May 2010. Prior to 2000, Mr. Norat served as Chief Operations Officer, Vice President of Marketing, and Director of Marketing, respectively, at Equity First Marketing, LLC, a privately held nationwide financial services firm. Mr. Norat began his career as an Investment Analyst for USA Financial Security Corporation, New York, in 1992. Mr. Norat received his BS in Economics and Minor in Business at the University of Utah, and a Master of Business Administration at the David Eccles School of Business at the University of Utah. Mr. Norat lives in the foothills of the Wasatch Mountains in Salt Lake City, Utah, USA, where he and his wife enjoy raising their four children in the active lifestyle that the mountainous area provides.

Curtis Rasmussen : CPA Independent Director

Curtis Rasmussen is President of Rasmussen & Associates, PC a full service Certified Public Accounting Firm located in North Salt Lake, Utah. Mr. Rasmussen has been working in the public accounting arena for the past eleven years. Prior to working in public accounting Mr. Rasmussen spent several years as a financial systems consultant with various Fortune 500 companies. Mr. Rasmussen received his Bachelors Degree in Accounting from Utah State University and a Masters Degree in Professional Accounting/Taxation from Weber State University. Mr. Rasmussen is a licensed Certified Public Accountant in both Utah and Nevada. Mr. Rasmussen lives in Kaysville, Utah with his wife and four children.

 

Advisors
 

Charles D. Roe, CPA : Advisor

Mr. Roe is an Audit Partner at HJ & Associates, LLC, with over 36 years of experience in public and private accounting. Chuck has experience with clients in professional services, manufacturing, distribution, software and mineral resources industries. He also has extensive experience in providing audit and related services to public companies dealing with the US Securities and Exchange Commission and other regulators.

Chuck graduated in 1976 from the University of Utah with a Bachelor of Arts in Accounting. Chuck is a Certified Public Accountant and is a member of the American Institute of Certified Public Accountants (AICPA) and the Utah Association of Certified Public Accountants (UACPA).

Chuck has 5 years of experience as a Chief Financial Officer for two public companies. He was also in management of a professional financial services company as well as practiced public accounting with an international and several local firms. Chuck holds a CPA license in Utah, Nevada, Texas and Wyoming.

Aldis Barsketis : Advisor

Aldis Barsketis has worked in the Insurance and Investment area for over 23 years. He started his career with Fidelity Investments as a retirement specialist, then as a Regional Vice President for Transamerica overseeing the sales and implementation of small to mid-sized company qualified plans in the Rocky Mountain Region. In 2004, he was a founding partner in a national insurance brokerage and managed the origination and implementation of over $250 million of premium financed life insurance and the purchase and sale of senior life settlements. Recently he has worked as a consultant for various organizations in the design and implementation of various insurance and investment products. Mr. Barsketis has a bachelor’s degree in marketing and a minor in finance from DePaul University.
 


 


 

THE ABOVE IMFORMATION WAS ADDED BY PENNY2DOLLAZ




 

 









 










 

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CFGX News: Current Report Filing (8-k) 12/21/2016 04:19:52 PM
PostSubject
#32997  Sticky Note CEO Norat is the one involved in an 1manband 10/10/16 07:15:34 PM
#32329  Sticky Note CEO Paul Norat began his career as an penny2dollaz 09/10/16 02:18:21 PM
#31310  Sticky Note Here we go, again. malc stone 02/15/16 05:58:33 PM
#29005  Sticky Note Mining lies. ObviousJoe 08/06/15 06:08:47 PM
#33869   That is unequivocally false. You have to pay waterchaser 02/24/17 05:55:13 PM
#33868   Except that OTCMarkets and the SEC both back 1manband 02/24/17 04:44:41 PM
#33867   No one will agree with your statements. penny2dollaz 02/24/17 04:42:25 PM
#33866   Again, that site is not "official" in any 1manband 02/24/17 04:38:46 PM
#33865   No company pays the OTC markets if that penny2dollaz 02/24/17 04:33:41 PM
#33864   Edgar is where the filings are made but penny2dollaz 02/24/17 04:23:56 PM
#33863   The OTC market is the official site that penny2dollaz 02/24/17 04:13:33 PM
#33862   Stinky pinkies submit disclosures to the pay-to-play for-profit waterchaser 02/24/17 04:08:55 PM
#33861   One more time. Those are NOT "filings". Filings, 1manband 02/24/17 04:07:37 PM
#33860   Norat is being defended because there is nothing penny2dollaz 02/24/17 04:07:36 PM
#33859   Filings can be found here; http://www.otcmarkets.com/stock/CFGX/filings not sure penny2dollaz 02/24/17 04:04:32 PM
#33858   Ah, so yet another of your arguments have BNP31 02/24/17 03:57:06 PM
#33857   according to the filings 1manband 02/24/17 03:55:23 PM
#33856   I would hope Paul got as much as penny2dollaz 02/24/17 03:51:21 PM
#33855   Anything associated with Norat is bad for business BNP31 02/24/17 10:30:26 AM
#33854   Bad for business.....lol Benwahsauce 02/24/17 10:28:51 AM
#33853   premium for this right now is 0.0001! we BNP31 02/24/17 10:10:25 AM
#33852   Lol I meant they have to buy our Benwahsauce 02/24/17 09:51:32 AM
#33851   lol, it's as exciting as this board gets. BNP31 02/24/17 09:07:29 AM
#33850   Ahahhahah. Hell if nothing let's just make Benwahsauce 02/24/17 08:40:21 AM
#33849   ahahahahaah......norat should get a special award, for CE(N)O BNP31 02/24/17 08:29:03 AM
#33848   I'm willing to bet it was the majority BNP31 02/23/17 08:14:38 PM
#33847  Restored If we have them everybody would win! That is Benwahsauce 02/23/17 06:34:53 PM
#33846   Good question, I do not know. It wasn't penny2dollaz 02/23/17 05:04:27 PM
#33845   As it gets older? How much of it BNP31 02/23/17 04:52:35 PM
#33844   I highly doubt Norat handed over large sums penny2dollaz 02/23/17 04:16:02 PM
#33843  Restored Actually you have a good point but I penny2dollaz 02/23/17 04:10:36 PM
#33842  Restored I posted no real debts I guess I should Benwahsauce 02/22/17 03:10:29 PM
#33841   No debts lol... Prove it. malc stone 02/22/17 02:40:42 PM
#33840   I won't go as far as saying a BNP31 02/22/17 12:40:56 PM
#33839   That's what I'm thinking. It really is Benwahsauce 02/22/17 12:24:34 PM
#33838   i won't argue that......I'd actually prefer that, rather BNP31 02/22/17 12:22:24 PM
#33837   This is actually a great candidate for a Benwahsauce 02/22/17 12:18:38 PM
#33836   why is the blame always falling on everyone BNP31 02/20/17 07:19:02 PM
#33833   It's really not about accepting and agreeing. Will penny2dollaz 02/20/17 03:31:56 PM
#33832   Well back to sleep . STOCKPRO72 02/19/17 09:02:40 PM
#33831   Right. Norat thinks everyone should just embrace malc stone 02/19/17 12:39:47 PM
#33829   From what I understand, Norat believes posters on waterchaser 02/19/17 11:05:21 AM
#33828   Old news is we still have no business BNP31 02/19/17 10:50:30 AM
#33827   Round and round we go. Fact is no penny2dollaz 02/19/17 10:22:55 AM
#33826   Because it was a SCAM FROM INCEPTION. malc stone 02/19/17 09:26:21 AM
#33825   Because norat was supposed to do due diligence BNP31 02/18/17 07:03:08 PM
#33824   Yes, intentional. Norat is the CEO of a 1manband 02/18/17 05:32:31 PM
#33823   "Intentional" wow out there. Lol too fun. penny2dollaz 02/18/17 04:16:47 PM
#33822   You got friends in OTC lol who doesn't? penny2dollaz 02/18/17 04:11:41 PM
#33821   Not sure what you mean. penny2dollaz 02/18/17 03:49:29 PM
#33820   Norat is a lying and scamming CEO. There 1manband 02/18/17 03:34:20 PM
#33819   Many pos CEO's out there and you guys penny2dollaz 02/18/17 03:31:49 PM
#33818   Hahahaahahaha norat is doing good? Hahahaaaha we can BNP31 02/17/17 11:50:04 PM
#33817   When has become any good...5+ years and counting ajackson1204 02/17/17 07:11:59 PM
PostSubject