Fortress Financial Group fka FFGO

[haveaniceday]

Most interesting posts by Gertrudegold, part I

Not interested in supposed non producing Mines with no proven value, Bouse which this Company owns is of great value. We have done our homework. Stephen Lumb is highly respected with Investment Bankers, I worked as part of a deal team on a deal with an Investment Group controlled by him. He is certainly not a con man nor has he ever been convicted, never mind ever charged with a crime. I know this for fact, my former employer does serious due diligence before accepting a client. Stephen Lumb's involvement here interests us because he only invests in sure things when it comes to Mineral rights. Agreed, this is nothing to him but given commodity prices , we are betting that he may want Bouse and will pay to get it.

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Further facts on Bouse : In 2008, FFGO repurchased and cancelled large of numbers of its own stock. To assist in the cost of these repurchases, FFGO exchanged a total of 519,497,456 shares of Bouse Mining Holdings plc. This means that FFGO parted with no less than 26% of Bouse to third parties. Who are those third parties? This data was obtained from FFGO 8-K filings. Searchlight owns another 9.99% of Bouse, a known Lumb associate. It looks like Lumb (I stress, possibly) is now well positioned to get ownership of Bouse. His people would know where to get the stock in Bouse if he wanted it. This means that FFGO's stake in Bouse could mean that Lumb will bid for the Company to get 100% of Bouse, we think that this all serves to make FFGO a value play. With Gold at these levels,coupled with Lumb consolidating his Mining Interests and the cheap stock price of FFGO; it makes sense.

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Bahamas? Stephen Lumb and Alan Santini are domiciled there for tax reasons, Lumb has a home there. Nothing new in that. Partners in my old firm used to go there to meet with Stephen Lumb, was a choice assignment, he lives very well, great entertainment for my former bosses. Alan Santini never struck me as being interested in business, in any meeting that I sat in. I read that Lumb was promoting Santini in Los Angeles as a film star? Those records showing Santini as a Company Officer must be out of date. I could be wrong though, it was a while since I worked at that firm. Forget all that, I am really only interested in this Company's assets and the true value of this Company. If this is not of interest to Lumb or ome other predator, it is time to move on and find other Company that is dirt cheap. Not enough hard facts here, just a lot of nonsense about Lumb and Santini who could care less about anybody except themselves and making profits. Would rather follow Lumb and his ilk elsewhere if this company is a write off. Come on guys, any hard facts out there so that we can value this Company?

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HURASU - I HOPE THAT YOU ARE WRONG! We looked into that deal filed by Fortress. That Hurasu Shell is DEAD. There is no value in that, I think? Ron Lowenthal was President of Hurasu. He is now President and IS THE Head Honcho of Lumb's New Gold Fund. He is, by the way, a very serious guy. Lumb's Mentor for years, only voice of reason in Lumb deals, when we acted for Lumb. I hope that I am right and that he is going to run all Lumb Mining operations through this new Fund.If I am right, then Hurasu is dead, is is very strange that Fortress has not denied (on filings) that the Hurasu deal is dead. That is why one must remain very careful here until actual facts emerge. I do not see any value in a deal with this Hurasu, I may be wrong but that is the way that I see things. I am out of the loop (on Lum deals) for a while but Leopards do not change their spots. Lumb trusts Lowenthal like nobody else, it makes sense to consolidate his Mining interests under Lowenthal in that Fund. Why would Lowenthal head up the Fund & this Hurasu? No sense in that. Seriously, I hope that you are wrong here. Lumb may have moved on from Fortress & this Hurasu deal could be alive without Lowenthal & Lumb, God forbid.

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I really do not have any insight of these old Dividends, to be honest I am looking at this as Value Play because of Stephen Lumb involvement. The price of Gold has changed the dynamics, a lot of "dead" stocks may suddenly be next plays. Knowing the scale of Lumb deals, this is small change but he may be interested in Bouse, it is valuable, not so sure about this Copperstone project. FACT : He is consolidating Mining interests in a new Fund. FACT : He has stated that he is only pursuing Private Equity & Leveraged Deals from now on and delegating Mining interests. FACT : He has an historical interest (maybe control) of Fortress. The Gold Fund is going to be worth billions, of that I am very sure (I cannot elaborate of that, sorry). No merger here, LOL. However, why would his Gold Fund not buy Bouse if he has an interest here? BE CAREFUL, he is shrewd, his Advisors are sharp, he will not overpay unless he sees value, I do see value here (and I worked for his principal Advisors), they MUST have told him that Bouse needs to be addressed, by now. He is ruthless but actually not unfair and very dispassionate, that may be a huge shock to you guys, he seems to be your pet hate from what I have read. In all seriousness, these comments (if he even knew!) would not affect his business logic, he is realistic (BUT I am VERY bemused by this Company's history, not Lumb logic at all, seems very weird to me having worked on the guy's deals but then my Firm never worked on Fortress for him, far too very small, it is almost as though he wanted to use this Company as some sort of financial services vehicle). Anyway, lets focus on toda! Is this stock a value play? Looks like it is. My opinion is (a) Find out outstanding stock number b) What stake does Fortress hold in Bouse (c) What is that stake worth d) Does Lumb plan to get his hands on it. Get the answers to those questions, we may have a Value Play here. No filings by this Company are very unhelpful and bloody irritating but remember that it may be deliberate, definitely not ethical, if that is the case. Do not let him steal this asset, force some sort of disclosure by this Company (Bezzano is an Attorney, he will not like lawsuits with his name attached). Lumb will hate that (He will scream & threaten) but he will be advised to up his bid, he will follow that advice; if there is a bid on the table.

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