| Followers | 15 |
| Posts | 1279 |
| Boards Moderated | 0 |
| Alias Born | 12/02/2009 |
Sunday, June 10, 2012 3:18:21 PM
FFGO Company Profile & FAQ pages from ex-website
Company Profile
Fortress Financial Group, Inc. ("Fortress") has for some time now held a minority interest in two Gold Properties, namely "Bouse" and "South Copperstone". These two assets are currently in the process of being sold to another public company. The terms in respect of the sale of these assets has been agreed upon and will be executed imminently.
For this reason the recent press release issued on June 2, 2010 specifies that Fortress Financial Group, Inc. is considered to be a 'Value and Breakup Play'. Contrary to popular notion, this does not mean that the company is dismantling. This description is due to the Company's stock trading at a market value below the value of the Company's assets. Upon the execution of the sale transaction, the Company has already indicated in separate press announcements that it will immediately be declaring a single Extraordinary Dividend to distribute the entire proceeds from the sale of the Company's assets to the shareholders of record as at this Dividend "Record Date". The company has further specified that the value of the dividend will be no less than $0.003 per share of its Common Stock and this being based on the historical April 2010 gold price of $1050/ounce. Since that time the price of gold has risen dramatically with the unfolding of uncertain equity markets and the debt crisis in Europe. The value of this single Extraordinary Dividend will be increased accordingly based upon the current trading price of Gold being in excess of US$1,230/oz.
Since the announced dividend value is at a 30 to one value over the current trading price of the Company's shares of Common Stock being at US$0.0001 per share, the Company is now considered a 'value and breakup play'. This means that disposition of the assets will bring its shareholders value massively above the current market price for the Company's shares of Common Stock. This is the result that Fortress Financial Group, Inc. has worked to bring about for the shareholders. Upon the execution of the sale transactions, the dividend date will be set with FINRA and subsequently the company may consider further acquisitions and developments once we are trading :"ex Dividend".
FFGO Investor FAQ (Updated 9/8/2010- 9:43 AM)
The various subjects covered in this section are in response to the most pertinent questions being asked by our stockholders. We are of the opinion that we have covered all of the various topics of interest and will add to this list as additional topics become relevant:
Additional Questions and Answers Concerning the Sale of the Company’s Gold Interests and the proposed payment of an Extraordinary Dividend
Fortress Financial Group, Inc. (“Fortress”) has now successfully concluded on September 8, 2010; the sale of the company’s gold interests to North American Gold & Minerals Fund (“NMGL”) for Preferred Series “A” and Preferred Series “B” shares of NMGL stock.
This update is intended to address many of the questions that our shareholders have asked concerning this transaction, the future dividend process and the eventuality of receiving cash in respect of this dividend.
It is an unfortunate consequence of this process that no matter how much information we communicate to the shareholders, there will inevitably be still more questions that come up. This update is conclusive in that the answers that we provide herein summarize the status of the sale process and the proposed dividends up to this point in time.
Since the company is ceasing to operate, there will be no further updates and the shareholders must rely solely on regulatory filings and company emails as they come forward in the course of events in order to receive any further insight into the dividend payout process. This will take some time, and we cannot at this time say how long it will take.
The company and its majority shareholders have taken the view that however long it takes to receive the NMGL Preferred Series “A” and Series “B” share dividends and for those dividends to be converted into a cash payout, it will have been well worth the wait when that time comes. This is the reason that Fortress has issued so much guidance as to the likely value of the cash payout in respect of the proposed extraordinary dividend.
Clearly any investor in this day and time would consider an investment yielding several multiples of the money invested would be an investment worth waiting for. This is the result that Fortress has labored to achieve for all of our shareholders, large and small. Our labors are now concluded and now we only await the dividend distribution and subsequent conversion of the assets by the purchaser, into cash.
Question: In layman’s terms how does this benefit us all?
There are several major benefits to shareholders that apply.
The structure of the final deal has taken care of many previously insurmountable hurdles concerning the eventual disposal of the assets. Quite simply, how do you dispose of something that you only own a portion of? The purchaser has taken that problem off the table as they will be purchasing the entirety of the assets so they can be readily disposed. In addition, the purchaser has sorted through many of the problematic contractual details that were absolutely vital in order to dispose of the assets.
The issuance of the NMGL Preferred Series “A” and “B” shares is an excellent vehicle for this purpose as it guarantees the holders of these Preferred shares that only they will benefit from the disposal of the assets. Preferred shares are commonly issued by major corporations for special classes of investment that are designed as maximum protected for the holders of those Preferred shares.
The purchaser is designed to become a highly qualified institutional quality organization. Though there is little information available in the public record at this time, this will become much clearer as time goes by.
The NMGL Preferred Series “A” and Series “B” Preferred shares will be tradable at such time as a Registration Statement is filed by NMGL with the SEC in respect of these instruments and such Registration Statement has become effective.
What about historic dividends versus the FFGO common stock dividends?
Some shareholders have received dividends from their stock holdings in 2005. Those shareholder accounts are kept in the company records and the DTC lists of the stock registers for the historic shareholders. Fortress filed a Form 8-K detailing the apportionment of shareholdings pertaining to historic shareholders versus current shareholder of Fortress shares of common stock. The details of that apportionment can be viewed on the company web site www.fortfinancegroup.com under ‘investors’ -> ‘dividends’ -> historic dividends.
All shareholders will become shareholders of NMGL Series “A” Preferred and NMGL Series “B” preferred shares if they are stockholders of Record when Fortress announces this Dividend. This is a necessary step in the process of cleanly apportioning a cash distribution should NMGL be successful in obtaining a cash buyer for these assets.
NMGL intends to purchase 100% ownership of Bouse Gold, Inc. and South Copperstone, Inc. This is imperative if they are to sell these Gold assets for cash going forward. NMGL has not however provided us with any timeframe as to when they intend to acquire the additional shares of Bouse Gold, Inc. and South Copperstone, Inc. and NMGL will clearly continue to follow their own business plan and will only complete all of these transactions as and when it fits into their own business plan. This NMGL policy very clearly extends as well to their purchasing shares from historic stockholders from 2005 who received shares of Bouse Gold, Inc. and of South Copperstone, Inc.
What about the share price guidance given by Fortress to Shareholders?
The share price guidance given by Fortress to shareholders is quite simply the most basic and rudimentary means to convey what the company believes is the value of the assets in terms of the value of the shares that each shareholder owns. This guidance is useful in that it guides not only what the shareholders might reasonably expect to receive in compensation for their patient investment, but also guides the company and the purchaser as to what value they should expect to receive for disposal of the assets.
Some shareholders have expressed disappointment that the extraordinary dividend was not at least a partial cash dividend. Hopefully from the foregoing commentary one can glean the enormous challenges in arriving at a final cash distribution for sale of the gold interests. Fortress has made enormous progress to bringing that reality about by all of the preparations for this forthcoming dividend.
Hopefully even those who see themselves as an “unsophisticated investor” who do not fully understand this transaction can now see that the way has been prepared to achieve the fruition of their investment. How could Fortress issue a cash dividend for an asset that it has not yet been disposed of? How could it dispose of an asset that it only partially owns? If even a partial cash dividend had been made that would have multiplied the complexity of making a final cash disbursement to shareholders and put the entire sale process at risk. NMGL effectively came in as a “White Knight” to rescue this deal. NMGL receives a mere 5% fee upon their concluding a cash sale of the assets coupled with any excess in the event of the assets being sold at an amount exceeding the face value of the NMGL Preferred Series “A” and Series “B” shares. Had NMGL not rescued Fortress, the Loan Note Holders would have bankrupted Fortress and Searchlight Exploration, LLC would have exercised its legal rights and seized the Company’s Gold interests without delay.
There have been several questions directed at nuances of the valuations for the preferred shares such as the 3% dividend, the possibility of more value than the estimated valuation given based on Gold prices, etc. and the payment of fees to North American Gold & Minerals Fund. Our response to all of these questions is basically the same one, there will be no further guidance given other than that which has already been specified by the regulatory filings and shareholder updates issued to date. These questions are nuanced details that are far and away overshadowed by the eventuality of the actual completion of the asset disposal and subsequent cash payments. We do not wish to trivialize these matters, but our company will not debate detailed logistical points about minor expenses in the costing of effecting this outcome and we certainly will not offer undue instruction as to the form and format of the entire process which has yet to be determined other than what has already been outlined and which will conclude through an agency outside of our direct control.
What assurance is there that in the event of the mines being sold, shareholders will not simply be given more shares?
Fortress has no ability to make any guarantees, because the purchaser (NMGL) of the gold interests takes the control of this issue out of the hands of Fortress. However, it must be said that the interests of all of the majority shareholders of FFGO and the interests of minority shareholder are perfectly and equally aligned. Why would the majority shareholders want to indefinitely receive distributions of illiquid shares that do not result in a positive return for our investments? All of the shareholders want to realize a significant return on their investment. That is why this transaction has taken place in the manner that it has and why we are now saying that the stage is set for the ultimate return to be realized in due course.
We believe that this transaction is the final step to the ultimate realization of a monetary return for your investment. It may take several months and even more than a year to realize that return in full. Whatever the case, the return will be well worth the wait if you are a believer in the price of Gold maintaining its price in excess of US$900/oz over that time period. The majority shareholders of Fortress are long term investors that have invested their money in the Company for the ultimate return to be realized from the eventual disposal of the gold interests. The idea that somehow the majority investors have benefited from the sales of Fortress shares of common stock at a huge discount to the anticipated value of this return is ludicrous and our shareholders should completely disregard any speculation that suggests otherwise.
Will North American Gold & Minerals Fund provide Investor Relations support and interact with the holders of its Preferred Series “A” and Preferred Series “B” Stock?
No, NMGL will not. It is NMGL policy not to comment whatsoever outside of its Regulatory Filings. NMGL is being created to be an “Institutionally Held” Mining Investment & Finance Fund and it will conduct its business in the normal course of events as do all other substantial quoted corporations.
Fortress was unique in its information flow to stockholders. Since NMGL does not have retail investors or small stockholders, it operates its business in a very different manner. NMGL has made it very clear that it will not respond to questions of whatsoever nature and that it will only provide information in its filings with the SEC.
Fortress stockholders are reminded that they are the recipients of NMGL Preferred Series “A” and Series “B” shares. These instruments are nonvoting and not convertible into shares of NMGL common stock under any circumstances. Only holders of NMGL shares of common stock would be in a position to (a) vote and (b) discuss matters with NMGL Management.
Will Fortress continue to provide Investor Relations support, issue Press Releases and continue day to day communication with its stockholders?
No, the Investor Relations support currently being provided will cease in and during September of 2010. This extends to incoming E Mail and telephonic messages. At such time as the Dividend dates are set, stockholders will be advised by E Mail and through a Form 8-K Filing by Fortress.
Fortress has no cash; its Lenders are ceasing financial support, as previously announced. This means that any such support simply cannot be provided to stockholders. Fortress will now become dormant and no deal is likely to emerge to change this status, primarily due to Fortress being a delinquent filer with the SEC and is therefore an extremely unattractive “Reverse Merger” Candidate. In any event, Fortress cannot and will not entertain any deals of any nature until the dividend process is completed at a future date. In short, Fortress has now become dormant.
There is absolutely no doubt that at some point, the SEC will move the listing of Fortress from that of the OTC Pink Markets, Inc. to that of the “Grey Market” as it is a delinquent filer and does not qualify to become a “Non Reporting” Company due to the size of its stockholder base.
Does Fortress hold any other assets of whatsoever nature?
No, it does not. Its sole assets were its shares of Bouse Gold, Inc. and South Copperstone, Inc. common stock; now disposed of to NMGL. These shares were held by Western Diversified Mining resources, Inc. (“Western”), a wholly owned subsidiary company of Fortress.
Western (and Fortress) now only hold the NMGL Preferred Series “A” and Series “B” shares. These will be distributed in full as a dividend to stockholders on the Record Date in due course. Certain of these NMGL Preferred Series “A” and Series “B” shares owned by Western/Fortress will be transferred at face value to Sloane Investments, Inc. to settle all debt owed by Fortress/Western to Sloane Investments, Inc.
The shares of Hunt Gold Corporation common stock owned by Fortress were written off as irrecoverable over a year ago as detailed in our Form 8-K Filings. There appear to be many of whom are of the opinion that these shares of Hunt Gold Corporation has some value. They are sadly mistaken and indeed delusional. Hunt Gold Corporation has no assets whatsoever, extensive liabilities and is not even worth placing into bankruptcy. It lost and forfeited each and every Mining asset that it ever had any claim to. It is quoted on the “Grey Market”, has no Management, is dormant and its shares of common stock are completely worthless.
Those who continue to assert that Fortress holds other assets despite numerous regulatory filings to the contrary are living in fantasy land and their comments stating that other assets exist should be ignored.
Are there any known substantial short positions in Fortress shares of common stock?
Not in our opinion as there is not a shred of evidence to substantiate these wild theories. Those who are true believers in supposed “forced covers” and “bear squeezes” are way off base in our opinion. This type of speculation should be treated as pure fantasy on their parts.
Are there any prospective buyers for either “Bouse” or “South Copperstone” at this time?
According to NMGL, there are no serious buyers with cash at this date. Offers that were made to date were not acceptable to NMGL as they involved stock in other quoted corporations.
How foreseeable or under what circumstances could there be or is there to be a partial liquidation of the NMGL Preferred Series “A” or Series “B” shares?
This not a likely event insofar as the current strategy of NMGL is to acquire a 100% interest in Bouse Gold, Inc. and South Copperstone, Inc. and to dispose of these two corporations and utilize the proceeds to redeem the NMGL Preferred Series “A” and the Series “B” shares. WE cannot comment on behalf of NMGL but we would caution stockholders not to rely upon partial any liquidation whatsoever of the NMGL Preferred Series “A” and Series “B”.
Would NMGL ever consider a conversion of the NMGL Preferred Series “A” and the “Series “B” shares into NMGL shares of Common Stock?
Absolutely not; and under no circumstances would this ever happen. The NMGL Preferred Series “A” and Series “B” shares are not convertible whatsoever and have no voting rights whatsoever.
What is the opinion of the Company in respect of the Internet Stock Chat Forums at this time?
Fortress’s Management, Advisors and Investor Relations have absolutely no interest in the various comments posted on these Internet Stock Chat Forums and do not even feel the need to view any of the same. Those who allow themselves to become agitated by postings on these Forums on a daily basis will no longer be in a position to seek constant reassurances from Fortress or its Investor Relations.
NMGL’s Management, Advisors, etc. have no interest in these Internet Stock Chat Forums and have advised ourselves in no uncertain terms that they are completely oblivious to these types of investor discussions as they are not interested in retail investors or their opinions at this time.
What assurances do holders of NMGL Preferred Series “A” and Series “B” shares have that if the mines are sold, that NMGL will not accept stock in another corporation?
There are no guarantees. That is an NMGL decision going forward. However NMGL has stated that if they were to accept stock it would only be in a large corporation with freely tradable liquid shares of common stock.
Does the price of Gold affect the holders of NMGL Preferred Series “A” and Series “B” shares?
In our opinion, it does not. However should the price of Gold decline dramatically prior to NMGL disposing of Bouse Gold, Inc. and South Copperstone, Inc. then the NMGL Preferred Series “A” and Series “B” shares would be worth less than their face value.
Are there any plans to develop either “Bouse” or “South Copperstone” if they are not sold soon?
No. NMGL has not expressed any interest in developing these Mines as they have stated that at this time, they are merely “warehousing” both “Bouse” and “South Copperstone” on behalf of the holders of the Preferred Series “A” and Series “B” shares. NMGL has their own business plans which are solely the business of the holders of NMGL shares of common stock and not the business of Fortress stockholders.
However it is possible that NMGL may change their strategy in respect of these Mines. They have not provided any guidance to ourselves whatsoever in this respect.
Upon the payment of the Dividend, will the NMGL Preferred Series “A” and Series “B” be delivered in Certificate Form?
No, they will not be delivered in certificate form if stockholders hold their Fortress shares of common stock in a brokerage account. Those whom are named on the Fortress stockholder register at the Record Date of the Dividend would receive their dividend in certificate form.
This Dividend will not be declared until NMGL has (a) acquired the balance of the Bouse Gold, Inc. shares of common stock giving them 100% ownership of Bouse Gold, Inc. through the issue of additional NMGL Preferred Series “A” shares (b) acquired the balance of the South Copperstone, Inc. shares of common stock giving them 100% ownership of South Copperstone, Inc. through the issue of additional NMGL Preferred Series “B” shares (c) audited both Bouse Gold, Inc. and South Copperstone, Inc. (d) NMGL will be required to file a “Super Form 8-K with SEC upon their obtaining control of both Bouse Gold, Inc. and South Copperstone, Inc. (e) filed a Registration Statement with the SEC in respect of the NMGL Preferred Series “A” and Series “B” shares (f) such Registration Statement has become effective (g) obtained a CUSIP Number and a Trading Symbol for both the NMGL Preferred Series “A” and the Series “B” shares and (h) admitted the NMGL Preferred Series “A” and Series “B” shares for trading on a recognized exchange.
NMGL has set these “ground rules” as stated above and they are not negotiable. NMGL refuses to enter into any discussions or debates of whatsoever nature in respect of these transactions, as is their right.
If the mines sell for more than the existing price, will the increase be given to the Preferred Shareholders?
No. The face value of the NMGL Preferred Series “A” is US$16.00 per share and the face value of the NMGL Preferred Series “B” is US$2.20 per share. Should there be any excess over the face value of these Preferred Series “A” and Series ”B”, it will be solely for benefit of NMGL and their holders of shares of common stock.
How can I calculate the value of my historical dividends?
Guidance has been given for the value of the historical dividends in the aforementioned website page titled ‘historical dividends’ under the ‘dividend’ section of the “Investor” page at the website: www.fortfinancegroup.com.
When NMGL elects to purchase the shares of Bouse Gold, Inc. common stock and South Copperstone, Inc. common stock from those stockholders who received these aforesaid shares of common stock through the 2005 Dividends, it will do so at the same pricing per share as announced and through the issue of additional NMGL Preferred Series “A” and Series “B” shares. NMGL has given no undertakings as to when it intends to purchase these aforesaid shares.
I have shares held in a brokerage account that either no longer exists or has been changed. My account information has changed and I want to verify my holdings.
Unfortunately there is a limit to the ability of any Company as to what we can possibly achieve on behalf of our shareholders. A suitable metaphor would be “Imagine that you purchase a car from Ford Motor Company. The car starts to run poorly when you put straight leaded gasoline into it despite the fact that the user’s manual indicates that premium unleaded gas is required for proper operation. Would you then expect Ford Motor Company to clean your engine for you?”
In a similar manner the Company can make no representation as to the capability of any third party brokerage house with respect to their proper handling of share accounts. If you have been a victim of some improper handling of your share account by a third party brokerage house, this is a matter to be taken up with the securities enforcement division of the proper oversight agency for the jurisdiction your account is held in.
If you are holding shares in certificate form and you would like to redeem those shares once the dividends are issued, you need only await the distribution of the dividends. Once the dividends issuance is completed, your new certificates will be mailed to you at the address on record. If your address of record has changed in the interim please notify the Transfer Agent to Fortress by letter stating the name on the certificate and inform them what the address of record was and what the address of record should now be. You may find the transfer agents mailing address at the website www.fortfinancegroup.com under Contact”.
If you are holding shares of Fortress common stock in an active brokerage account, the actual delivery of share dividends must occur through the Depository Trust Corporation (DTC) which is the independent agency responsible for the handling of all transfer of stock held in brokerage accounts for United States publically traded stocks. This agency holds all account records for shares held on deposit in accounts for US issuers. When a dividend is issued the DTC will automatically deliver the correctly apportioned share amounts to each shareholder of record directly to their brokerage account.
In respect of the 3% annual dividend, what is the mechanism that triggers this event?
NMGL cannot pay a dividend to its own stockholders of its common stock from any profits derived from either Bouse Gold, Inc. or from South Copperstone, Inc. until the 3% dividend for that year has first been paid to the holders of the NMGL Preferred Series “A” and Series “B” shares.
The NMGL Board of Directors would presumably declare the dividend for a fiscal year once the earnings for that year, if any, were calculated and audited. So it would be payable annually, if this was ever to apply. We have absolutely no guidance from NMGL whatsoever in this respect.
Would NMGL be entitled to cancel these transactions for any reason?
NMGL is entitled to cancel these transactions should they deem these transactions to be of reputational risk to themselves. The agreements provide for such termination by NMGL in the event of any litigation against Fortress or Western or any regulatory actions against Fortress. Damaging and libelous statements publicly leveled at NMGL, its Directors, Advisors and controlling stockholders could also trigger such termination. In the event of NMGL terminating these agreements, Fortress and Western have been advised by Searchlight Exploration, LLC that Searchlight Exploration, LLC would in likelihood exercise its rights and remedies to terminate its Agreements and reclaim all of the Bouse Gold, Inc. and South Copperstone, Inc. properties as it is legally entitled to do so.
Furthermore, Searchlight Exploration, LLC amended the critical terms of its agreements with Bouse Gold, Inc. and South Copperstone, Inc. to facilitate a sale of these properties by NMGL. These amendments by Searchlight Exploration were subject to both Bouse Gold, Inc. and South Copperstone, Inc. being owned by NMGL and that Fortress was no longer a direct stockholder in either corporation. If NMGL was to cancel this transaction for whatsoever reason with Western / Fortress, it would be in a position to do so up until the date that Fortress declared the dividend distribution of these NMGL Preferred Series “A” and Series “B” shares.
How are the holders of the NMGL Preferred Series “A” and Series “B” shares protected from an NMGL Bankruptcy?
The designations, preferences and rights that exist in the NMGL Preferred Series “A” and Series “B” shares protect the holders of those instruments in the event of a bankruptcy of NMGL as both Bouse Gold, Inc. and South Copperstone, Inc. are held by NMGL for the benefit of those holders of the NMGL Preferred Series “A” and the Series “B” shares. The Preferred stockholders get first rights over these assets in the event of a bankruptcy and enjoy privileges in respect of Bouse Gold, Inc. and South Copperstone, Inc. That is not a privilege extended to the holders of NMGL shares of common stock.
No NMGL Preferred Series “A” and Series “B” shares may be redeemed prior to January 1st, 2011. What is the process by which shares may be redeemed after that date and can shareholders elect to redeem a percentage of shares?
On or after January 1, 2011, NMGL may at its sole and absolute discretion redeem all or part of either of the Preferred Series “A” shares or the Preferred Series “B” shares for cash. This is at the discretion of the NMGL Board of Directors and there is absolutely no possibility that NMGL has any intention whatsoever of considering any such actions at that time. NMGL, at this time, considers these transactions as a mere “warehousing” exercise, their intention is to obtain 100% ownership of both Bouse Gold, Inc. and South Copperstone, Inc. over a period of time, to then use their best efforts to dispose of both Bouse Gold, Inc. and South Copperstone, Inc. and if successful, NMGL would then redeem the Preferred Series “A” and the Preferred Series “B” shares for cash and at their face value.
OUR RESPONSE TO CLAIMS MADE BY TUFFNELL LTD (OTC BB: TUFF) IN RESPECT OF CLAIMS ADJOINING INTERESTS HELD BY BOUSE GOLD, INC.:
Where is Tuffnell Ltd's "Little Butte" property in relation to the Bouse Gold property?
The Bouse Gold property is comprised of 18 unpatented lode mining claims. The mining claims cover the Little Butte Mine, the Arrastre Mine and Flat Fault Mine. The Little Butte Claims were located in September 2004. The Arrastre and Flat Fault Claims were located in 2004 and relocated in September 2009. Some additional in-fill claims were also located in September 2009. The 18 Bouse Gold claims were intended to cover all unpatented ground where past drill holes by Homestake and others had encountered gold mineralization.
In October 2009 Minquest, a company led by a geologist who had previously drilled the property for Homestake, staked 47 unpatented mining claims surrounding the Bouse Gold claims. According to Tuffnell Ltd, it has acquired an option to purchase the Minquest claims plus 5 additional patented claims. Tuffnell Ltd has also stated that it has located an additional 26 unpatented lode claims.
The Company believes that the actions of Minquest and Tuffnell Ltd are to be expected given the stature and reputation of the Bouse Gold property. It is very logical for other mining companies to look for gold "next door" to an attractive gold deposit.
The Company's claims were located before Tuffnell Ltd's claims and are senior to them if there is any overlap. In particular, neither Tuffnell Ltd nor Minquest has any rights in the Little Butte Mine. The Company's attorneys are sending a "cease and desist" letter to Tuffnell Ltd demanding that they cease to call their property the "Little Butte" property as they have no mineral rights in the Little Butte Mine or the Little Butte Claims.
MY STOCKHOLDING IN FORTRESS FINANCIAL GROUP, INC. IS HELD IN MY BROKERAGE ACCOUNT, HOW DO I RECEIVE THE UPCOMING SINGLE EXTRAORDINARY DIVIDEND?:
Once the Transfer Agent to Fortress Financial Group, Inc. has set the “Record Date” and the “Payment Date” with FINRA for the upcoming single Extraordinary Dividend, those whom are stockholders as of the “Record Date” will automatically receive their Dividend on the “Payment Date”. If your stockholding in Fortress Financial Group, Inc. is held through a Brokerage account, the Dividend Payment is automatically credited to your brokerage account on the “Payment Date”. This function is carried out by the DTCC.
ON WHAT DATE DO I NEED TO HOLD SHARES OF FORTRESS FINANCIAL GROUP, INC. COMMON STOCK IN ORDER TO QUALIFY FOR THE UPCOMING SINGLE EXTRAORDINARY DIVIDEND?:
In order to be eligible to receive the upcoming single Extraordinary Dividend, you have to be a stockholder of record on the “Record Date”. The “Record Date”, once set by the Transfer Agent to Fortress Financial Group, Inc. with FINRA, will be published by ourselves after their approval of these dates. We will not be providing any advance warning as to the possible Dividend Dates but will simply advise our stockholders by E Mail as to the “Record Date” and the “Payment Date” once these dates are approved by FINRA.
Stockholders have received sufficient updates, progress reports and details over the past months and now that this process is drawing to a close, with the imminent execution of the sale agreements in respect of Fortress Financial Group, Inc.’s entire stockholdings in both Bouse Gold, Inc. and South Copperstone, Inc., to be very clear on this point, our policy is that the “Record Date” and the “Dividend Date” will be set with FINRA without any further updates or notices to our stockholders or to the market in general.
WILL FORTRESS FINANCIAL GROUP, INC. CONSIDER A "REVERSE SPLIT" OF ITS OUTSTANDING SHARES OF COMMON STOCK?:
Absolutely not. No purpose will be served by such an Action. The Company considers a "Reverse Split" of its shares of Common Stock to be destructive to stockholder value and will, under no circumstances, consider such an action. The Company has completed its deal to sell its interests in both Bouse Gold, Inc. and South Copperstone, Inc. to the Purchaser, and has fixed the payout ratio to its stockholders based upon those proceeds from these asset sales. Fortress Financial Group, Inc. is now a "Break Up and Value Play", it has no absolutely need for any Corporate Actions of this type.
IS FORTRESS FINANCIAL GROUP, INC. CONSIDERING A "REVERSE MERGER" AT THIS TIME?:
No, absolutely not. Upon the completion of the payment of the single Extraordinary Dividend to its stockholders, Fortress Financial Group, Inc. may consider offers, deals and all other proposals. Until such time as Fortress Financial Group, Inc. is trading "Ex Dividend", no such transactions will be contemplated whatsoever.
IS IT A REQUIREMENT BY THE PURCHASER THAT BOUSE GOLD, INC. AND SOUTH COPPERSTONE, INC. BE AUDITED PRIOR TO EXECUTION OF THE PURCHASE OF FORTRESS FINANCIAL GROUP, INC.’S STOCK IN THESE CORPORATIONS?:
No, it is not a requirement as the Purchaser is not acquiring control of either Bouse Gold, Inc. nor of South Copperstone, Inc. by acquiring the stock in those Corporations held by Fortress Financial Group, Inc.
The Purchaser has advised ourselves that their external Auditors will be auditing both of these Corporations prior to their increasing stockholdings in both of these Corporations through additional purchases of stock in both Bouse Gold, Inc. and South Copperstone, Inc. as they will be taking their holding to 100% of both of these Corporations. This has no bearing whatsoever on their initial transaction in the purchase of the stock held in these Corporations by Fortress Financial Group, Inc.
PAYMENT OF THE SALE PROCEEDS BY WAY OF A SINGLE EXTRAORDINARY DIVIDEND:
Upon completion of the sale agreements, the proceeds will be paid by the Purchaser to Fortress Financial Group, Inc. The Transfer Agent to Fortress Financial Group, Inc. will then set both a “Record Date” and a “Payment Date” with FINRA to distribute the sale proceeds in full to our stockholders.
In order to qualify for this Extraordinary Dividend, one would have to be a stockholder of record as at the “Record Date”.
I HOLD MY STOCK IN FORTRESS FINANCIAL GROUP, INC. WITH MY BROKER, HOW WILL I RECEIVE THIS SINGLE EXTRAORDINARY DIVIDEND?:
The Company’s Transfer Agent sets a “Record Date” with FINRA. This is the date upon which you need to be a stockholder in order to qualify for the single Extraordinary Dividend. A “Payment Date” for the Dividend is set at the same time; this is the date upon which the Dividends are actually paid, usually ten days after the “Record Date”. If your stockholding in Fortress Financial Group, Inc. is held in a brokerage account, the DTCC distributes this Dividend for credit to your Brokerage account upon the “Payment Date”. You do not need to do anything to receive this as it is automatically credited to your Brokerage account.
THE PINK OTC MARKETS, INC. PLACED A “CAVEAT EMPTOR” SYMBOL ON OUR COMPANY’S STOCK, DOES THIS IMPACT THESE TRANSACTIONS?:
The Pink OTC Markets, Inc. have insisted that in order to have this “Caveat Emptor” symbol removed, the Company would either have to (a) become a “Non Reporting Company” with the SEC or (b) bring its delinquent filings up to date. This is not possible at this time.
The Company was prepared and ready to file an Information and Disclosure Statement with the OTC Pink Markets, Inc, pay them the relevant fees and the Attorneys to the Company had advised them that the required Attorney’s Opinion Letter would be filed in accordance with their guidelines. The OTC Pink Markets, Inc. advised the Company’s Attorneys that this would not be sufficient to remove the “Caveat Emptor” symbol.
This has absolutely no effect whatsoever on these transactions being completed by the Company as we have now become a classic “Sale & Breakup Play”. The “Caveat Emptor” is now irrelevant to the Company and to its stockholders.
THE COMPANY’S REQUIREMENTS TO ABIDE BY THE RULES GOVERNING THE DISSEMINATION OF EITHER “INSIDE” AND/OR “PRICE SENSITIVE INFORMATION":
Stockholders are asked to appreciate that your Company’s Management cannot, will not and are not permitted by Law to provide any stockholder or any other party whatsoever with any information that is not already in the “Public Domain” through Company filings with the SEC or through Company Press Releases. Regretfully, we will continue to decline stockholder (or other) requests for information where we consider such requests to contravene the dissemination of “Price Sensitive” or privileged information. In certain circumstances, your Company’s Management has entered into Non Disclosure Agreements and in those cases, cannot respond to requests that would constitute a breach of such Agreements.
Within the next few weeks, all information will be in the public domain and this inability to deal with certain stockholder questions will be a moot point.
ONCE THE COMPANY TRADES “EX DIVIDEND”, WHAT ARE THE PLANS FOR THE COMPANY?:
At this point, no decision has been taken and we will at that time, entertain any offers that are made to ourselves but not implement any changes whatsoever until such time as the payment of the single Extraordinary Dividend to our stockholders is completed.
WHY DOES THE COMPANY’S STOCK TRADE AT SUCH A HUGE DISCOUNT TO ITS “BREAK UP” VALUE?:
The lack of credibility of delinquent filers amongst the investment community coupled with the fact that this Company has not made this fact widely known and that this Company has historical credibility issues, are the primary reasons.
WHAT IS THE “FREE FLOAT” OF THE COMPANY AND IS IT LIKELY THAT THIS WILL DECREASED?:
The number of the outstanding shares of our Common Stock does not represent the “free float” of our Company. No less than 5 billion of our outstanding shares of our Common Stock are restricted and are therefore not free trading. A single new stockholder already holds 16.9 billion of our shares of Common Stock. We are aware that this new stockholder could acquire no less than an additional 15 billion shares of our free trading shares of Common Stock from identifiable stockholders, should it so wish, as these stockholders will not dispose of any of its stock in our Company at current market prices.
Should this new substantial stockholder continue to increase its stockholding in our Company, the “free float” will be decreased accordingly.
We do not wish to speculate on the size of the “free float” but can categorically state it is not greater than 34 Billion shares of Common Stock; in all likelihood, it is substantially less than that number. Any attempt to accumulate a sizeable position in this Company’s shares of Common Stock through purchases in the market, would result in hugely increased trading price in the shares of our Common Stock.
WHAT IS THE STATUS OF THE COMPANY’S OUTSTANDING LOAN NOTES?:
The Company has outstanding long term loan notes payable in the amount of US$455,981.65 plus accrued interest. This amount will deducted from the sale proceeds of the Company’s Gold Interests. However, Bouse Gold, Inc. and South Copperstone, Inc. collectively owe an amount of US$810,000 to Fortress Financial Group, Inc. This amount will be repaid to Fortress Financial Group, Inc. by the Purchaser of the Bouse Gold, Inc. and South Copperstone, Inc.
In and during 2010, the Company reduced its outstanding long term debt by an amount of US$3,829,874 plus interest in the amount of US$150,126.
HOW MANY SHARES OF THE COMPANY’S STOCK ARE ISSUED AND OUTSTANDING?:
The Company has an amount of 74,813,049,643 shares of outstanding Common Stock.
WHY DID THE COMPANY INCREASE ITS AUTHORIZED SHARE CAPITAL AND WILL THE COMPANY ISSUE ANY ADDITIONAL SHARES OF ITS COMMON STOCK?:
The Company, at the request of its Transfer Agent, increased the Authorized Share Capital from an amount of 75,000,000,000 to 85,000,000,000 shares of Common Stock. This was required by law to cover the Transfer Agent and in respect of replacement of historical and future lost or stolen stock certificates.
The Company will not issue any additional shares of its Common Stock. The final dividend amounts have been calculated and are now, as far as we are concerned, “set in stone”.
WHAT IS THE COMPANY’S STOCKHOLDING IN BOUSE GOLD, INC. AND IN SOUTH COPPERSTONE, INC.?:
The Company holds:
1,030,421,001 shares of South Copperstone, Inc. Common Stock, representing 46.84% of their shares of outstanding Common Stock.
510,923,545 shares of Bouse Gold, Inc. Common Stock, representing 23.22% of their outstanding shares of Common Stock.
ALLEGATIONS OF NAKED SHORT SELLING OF YOUR COMPANY’S STOCK:
Your Company’s Management is very aware of the numerous allegations of Naked Short Selling, a common complaint from “Penny Stock Bosses”. Despite numerous requests from our stockholders for your Company’s Management to address this issue, we take the view that these allegations of Naked Short Selling are unfounded and that there is absolutely no proof of Naked Short Selling in your Company’s stock. A function of any orderly market is to permit proper “Short Selling” of stocks. Your Company’s Management is unaware of the extent of any (if any) short positions in your Company’s Stock. We are not however, in a position to disprove the allegations of a “Short Position” in your Company’s stock.
NO INSIDER SALES OF THE COMPANY’S STOCK:
Your Company’s Management can confirm that no Officer of your Company has disposed of any shares of your Company’s Common Stock whatsoever; and continue to hold their shares of your Company’s stock in restricted form and “on book” with the Company’s Transfer Agent.
Any sales and/or purchases of your Company’s stock by Company Officer, Insiders and Affiliates would need to be disclosed and filed in the prescribed manner and time frame.
COMPANY MANAGEMENT’S VIEW ON THE VARIOUS POPULAR INTERNET STOCK CHAT FORUMS:
Your Company, its Management and its Advisors have for a long period of time been subjected to attacks on the popular internet stock chat forums. We, like all other Public Company representatives have resented and rebelled against these attacks, particularly if untrue or extremely personal in nature. However, your Company’s Management has realized that these internet stock chat forums serve a valuable purpose in the facilitation of the exchange of information; and of free and frank discussions between Company stockholders and others interested in a Company’s stock.
No longer will your Company’s Management view these Internet Stock Chat Forums with disgust and horror. Our policy, going forward, will be one of, “no comment”, to those who contact ourselves begging that we do something to prevent these attacks upon their Company. Whilst we have enormous sympathy for our stockholders as they watch their investment in their Company being damaged by various members of these Internet Stock Chat Forums, we as your Company’s Management will be responsible for delivering upon our promises thus negating these attacks upon your Company.
Those stockholders who are outraged by what they view as a relentless, vicious and damaging campaign against our Company on these Internet Stock Chat Forums are reminded that this Company has honored its promises to its stockholders, is executing the sale of its gold interests and distributing the proceeds therefrom as a single Extraordinary Dividend. The Company’s detractors and their views, to which they are entitled, have now become irrelevant in our opinion.
We wish to remind our stockholders that there are many supporters of your Company, who loyally express their support and share their information, often the results of extensive due diligence; for your Company on these Internet Stock Chat Forums.
We must remember that one of the United States of America’s most cherished and enshrined Constitutional rights, is that of Free Speech, guaranteed by the First Amendment.
Company Profile
Fortress Financial Group, Inc. ("Fortress") has for some time now held a minority interest in two Gold Properties, namely "Bouse" and "South Copperstone". These two assets are currently in the process of being sold to another public company. The terms in respect of the sale of these assets has been agreed upon and will be executed imminently.
For this reason the recent press release issued on June 2, 2010 specifies that Fortress Financial Group, Inc. is considered to be a 'Value and Breakup Play'. Contrary to popular notion, this does not mean that the company is dismantling. This description is due to the Company's stock trading at a market value below the value of the Company's assets. Upon the execution of the sale transaction, the Company has already indicated in separate press announcements that it will immediately be declaring a single Extraordinary Dividend to distribute the entire proceeds from the sale of the Company's assets to the shareholders of record as at this Dividend "Record Date". The company has further specified that the value of the dividend will be no less than $0.003 per share of its Common Stock and this being based on the historical April 2010 gold price of $1050/ounce. Since that time the price of gold has risen dramatically with the unfolding of uncertain equity markets and the debt crisis in Europe. The value of this single Extraordinary Dividend will be increased accordingly based upon the current trading price of Gold being in excess of US$1,230/oz.
Since the announced dividend value is at a 30 to one value over the current trading price of the Company's shares of Common Stock being at US$0.0001 per share, the Company is now considered a 'value and breakup play'. This means that disposition of the assets will bring its shareholders value massively above the current market price for the Company's shares of Common Stock. This is the result that Fortress Financial Group, Inc. has worked to bring about for the shareholders. Upon the execution of the sale transactions, the dividend date will be set with FINRA and subsequently the company may consider further acquisitions and developments once we are trading :"ex Dividend".
FFGO Investor FAQ (Updated 9/8/2010- 9:43 AM)
The various subjects covered in this section are in response to the most pertinent questions being asked by our stockholders. We are of the opinion that we have covered all of the various topics of interest and will add to this list as additional topics become relevant:
Additional Questions and Answers Concerning the Sale of the Company’s Gold Interests and the proposed payment of an Extraordinary Dividend
Fortress Financial Group, Inc. (“Fortress”) has now successfully concluded on September 8, 2010; the sale of the company’s gold interests to North American Gold & Minerals Fund (“NMGL”) for Preferred Series “A” and Preferred Series “B” shares of NMGL stock.
This update is intended to address many of the questions that our shareholders have asked concerning this transaction, the future dividend process and the eventuality of receiving cash in respect of this dividend.
It is an unfortunate consequence of this process that no matter how much information we communicate to the shareholders, there will inevitably be still more questions that come up. This update is conclusive in that the answers that we provide herein summarize the status of the sale process and the proposed dividends up to this point in time.
Since the company is ceasing to operate, there will be no further updates and the shareholders must rely solely on regulatory filings and company emails as they come forward in the course of events in order to receive any further insight into the dividend payout process. This will take some time, and we cannot at this time say how long it will take.
The company and its majority shareholders have taken the view that however long it takes to receive the NMGL Preferred Series “A” and Series “B” share dividends and for those dividends to be converted into a cash payout, it will have been well worth the wait when that time comes. This is the reason that Fortress has issued so much guidance as to the likely value of the cash payout in respect of the proposed extraordinary dividend.
Clearly any investor in this day and time would consider an investment yielding several multiples of the money invested would be an investment worth waiting for. This is the result that Fortress has labored to achieve for all of our shareholders, large and small. Our labors are now concluded and now we only await the dividend distribution and subsequent conversion of the assets by the purchaser, into cash.
Question: In layman’s terms how does this benefit us all?
There are several major benefits to shareholders that apply.
The structure of the final deal has taken care of many previously insurmountable hurdles concerning the eventual disposal of the assets. Quite simply, how do you dispose of something that you only own a portion of? The purchaser has taken that problem off the table as they will be purchasing the entirety of the assets so they can be readily disposed. In addition, the purchaser has sorted through many of the problematic contractual details that were absolutely vital in order to dispose of the assets.
The issuance of the NMGL Preferred Series “A” and “B” shares is an excellent vehicle for this purpose as it guarantees the holders of these Preferred shares that only they will benefit from the disposal of the assets. Preferred shares are commonly issued by major corporations for special classes of investment that are designed as maximum protected for the holders of those Preferred shares.
The purchaser is designed to become a highly qualified institutional quality organization. Though there is little information available in the public record at this time, this will become much clearer as time goes by.
The NMGL Preferred Series “A” and Series “B” Preferred shares will be tradable at such time as a Registration Statement is filed by NMGL with the SEC in respect of these instruments and such Registration Statement has become effective.
What about historic dividends versus the FFGO common stock dividends?
Some shareholders have received dividends from their stock holdings in 2005. Those shareholder accounts are kept in the company records and the DTC lists of the stock registers for the historic shareholders. Fortress filed a Form 8-K detailing the apportionment of shareholdings pertaining to historic shareholders versus current shareholder of Fortress shares of common stock. The details of that apportionment can be viewed on the company web site www.fortfinancegroup.com under ‘investors’ -> ‘dividends’ -> historic dividends.
All shareholders will become shareholders of NMGL Series “A” Preferred and NMGL Series “B” preferred shares if they are stockholders of Record when Fortress announces this Dividend. This is a necessary step in the process of cleanly apportioning a cash distribution should NMGL be successful in obtaining a cash buyer for these assets.
NMGL intends to purchase 100% ownership of Bouse Gold, Inc. and South Copperstone, Inc. This is imperative if they are to sell these Gold assets for cash going forward. NMGL has not however provided us with any timeframe as to when they intend to acquire the additional shares of Bouse Gold, Inc. and South Copperstone, Inc. and NMGL will clearly continue to follow their own business plan and will only complete all of these transactions as and when it fits into their own business plan. This NMGL policy very clearly extends as well to their purchasing shares from historic stockholders from 2005 who received shares of Bouse Gold, Inc. and of South Copperstone, Inc.
What about the share price guidance given by Fortress to Shareholders?
The share price guidance given by Fortress to shareholders is quite simply the most basic and rudimentary means to convey what the company believes is the value of the assets in terms of the value of the shares that each shareholder owns. This guidance is useful in that it guides not only what the shareholders might reasonably expect to receive in compensation for their patient investment, but also guides the company and the purchaser as to what value they should expect to receive for disposal of the assets.
Some shareholders have expressed disappointment that the extraordinary dividend was not at least a partial cash dividend. Hopefully from the foregoing commentary one can glean the enormous challenges in arriving at a final cash distribution for sale of the gold interests. Fortress has made enormous progress to bringing that reality about by all of the preparations for this forthcoming dividend.
Hopefully even those who see themselves as an “unsophisticated investor” who do not fully understand this transaction can now see that the way has been prepared to achieve the fruition of their investment. How could Fortress issue a cash dividend for an asset that it has not yet been disposed of? How could it dispose of an asset that it only partially owns? If even a partial cash dividend had been made that would have multiplied the complexity of making a final cash disbursement to shareholders and put the entire sale process at risk. NMGL effectively came in as a “White Knight” to rescue this deal. NMGL receives a mere 5% fee upon their concluding a cash sale of the assets coupled with any excess in the event of the assets being sold at an amount exceeding the face value of the NMGL Preferred Series “A” and Series “B” shares. Had NMGL not rescued Fortress, the Loan Note Holders would have bankrupted Fortress and Searchlight Exploration, LLC would have exercised its legal rights and seized the Company’s Gold interests without delay.
There have been several questions directed at nuances of the valuations for the preferred shares such as the 3% dividend, the possibility of more value than the estimated valuation given based on Gold prices, etc. and the payment of fees to North American Gold & Minerals Fund. Our response to all of these questions is basically the same one, there will be no further guidance given other than that which has already been specified by the regulatory filings and shareholder updates issued to date. These questions are nuanced details that are far and away overshadowed by the eventuality of the actual completion of the asset disposal and subsequent cash payments. We do not wish to trivialize these matters, but our company will not debate detailed logistical points about minor expenses in the costing of effecting this outcome and we certainly will not offer undue instruction as to the form and format of the entire process which has yet to be determined other than what has already been outlined and which will conclude through an agency outside of our direct control.
What assurance is there that in the event of the mines being sold, shareholders will not simply be given more shares?
Fortress has no ability to make any guarantees, because the purchaser (NMGL) of the gold interests takes the control of this issue out of the hands of Fortress. However, it must be said that the interests of all of the majority shareholders of FFGO and the interests of minority shareholder are perfectly and equally aligned. Why would the majority shareholders want to indefinitely receive distributions of illiquid shares that do not result in a positive return for our investments? All of the shareholders want to realize a significant return on their investment. That is why this transaction has taken place in the manner that it has and why we are now saying that the stage is set for the ultimate return to be realized in due course.
We believe that this transaction is the final step to the ultimate realization of a monetary return for your investment. It may take several months and even more than a year to realize that return in full. Whatever the case, the return will be well worth the wait if you are a believer in the price of Gold maintaining its price in excess of US$900/oz over that time period. The majority shareholders of Fortress are long term investors that have invested their money in the Company for the ultimate return to be realized from the eventual disposal of the gold interests. The idea that somehow the majority investors have benefited from the sales of Fortress shares of common stock at a huge discount to the anticipated value of this return is ludicrous and our shareholders should completely disregard any speculation that suggests otherwise.
Will North American Gold & Minerals Fund provide Investor Relations support and interact with the holders of its Preferred Series “A” and Preferred Series “B” Stock?
No, NMGL will not. It is NMGL policy not to comment whatsoever outside of its Regulatory Filings. NMGL is being created to be an “Institutionally Held” Mining Investment & Finance Fund and it will conduct its business in the normal course of events as do all other substantial quoted corporations.
Fortress was unique in its information flow to stockholders. Since NMGL does not have retail investors or small stockholders, it operates its business in a very different manner. NMGL has made it very clear that it will not respond to questions of whatsoever nature and that it will only provide information in its filings with the SEC.
Fortress stockholders are reminded that they are the recipients of NMGL Preferred Series “A” and Series “B” shares. These instruments are nonvoting and not convertible into shares of NMGL common stock under any circumstances. Only holders of NMGL shares of common stock would be in a position to (a) vote and (b) discuss matters with NMGL Management.
Will Fortress continue to provide Investor Relations support, issue Press Releases and continue day to day communication with its stockholders?
No, the Investor Relations support currently being provided will cease in and during September of 2010. This extends to incoming E Mail and telephonic messages. At such time as the Dividend dates are set, stockholders will be advised by E Mail and through a Form 8-K Filing by Fortress.
Fortress has no cash; its Lenders are ceasing financial support, as previously announced. This means that any such support simply cannot be provided to stockholders. Fortress will now become dormant and no deal is likely to emerge to change this status, primarily due to Fortress being a delinquent filer with the SEC and is therefore an extremely unattractive “Reverse Merger” Candidate. In any event, Fortress cannot and will not entertain any deals of any nature until the dividend process is completed at a future date. In short, Fortress has now become dormant.
There is absolutely no doubt that at some point, the SEC will move the listing of Fortress from that of the OTC Pink Markets, Inc. to that of the “Grey Market” as it is a delinquent filer and does not qualify to become a “Non Reporting” Company due to the size of its stockholder base.
Does Fortress hold any other assets of whatsoever nature?
No, it does not. Its sole assets were its shares of Bouse Gold, Inc. and South Copperstone, Inc. common stock; now disposed of to NMGL. These shares were held by Western Diversified Mining resources, Inc. (“Western”), a wholly owned subsidiary company of Fortress.
Western (and Fortress) now only hold the NMGL Preferred Series “A” and Series “B” shares. These will be distributed in full as a dividend to stockholders on the Record Date in due course. Certain of these NMGL Preferred Series “A” and Series “B” shares owned by Western/Fortress will be transferred at face value to Sloane Investments, Inc. to settle all debt owed by Fortress/Western to Sloane Investments, Inc.
The shares of Hunt Gold Corporation common stock owned by Fortress were written off as irrecoverable over a year ago as detailed in our Form 8-K Filings. There appear to be many of whom are of the opinion that these shares of Hunt Gold Corporation has some value. They are sadly mistaken and indeed delusional. Hunt Gold Corporation has no assets whatsoever, extensive liabilities and is not even worth placing into bankruptcy. It lost and forfeited each and every Mining asset that it ever had any claim to. It is quoted on the “Grey Market”, has no Management, is dormant and its shares of common stock are completely worthless.
Those who continue to assert that Fortress holds other assets despite numerous regulatory filings to the contrary are living in fantasy land and their comments stating that other assets exist should be ignored.
Are there any known substantial short positions in Fortress shares of common stock?
Not in our opinion as there is not a shred of evidence to substantiate these wild theories. Those who are true believers in supposed “forced covers” and “bear squeezes” are way off base in our opinion. This type of speculation should be treated as pure fantasy on their parts.
Are there any prospective buyers for either “Bouse” or “South Copperstone” at this time?
According to NMGL, there are no serious buyers with cash at this date. Offers that were made to date were not acceptable to NMGL as they involved stock in other quoted corporations.
How foreseeable or under what circumstances could there be or is there to be a partial liquidation of the NMGL Preferred Series “A” or Series “B” shares?
This not a likely event insofar as the current strategy of NMGL is to acquire a 100% interest in Bouse Gold, Inc. and South Copperstone, Inc. and to dispose of these two corporations and utilize the proceeds to redeem the NMGL Preferred Series “A” and the Series “B” shares. WE cannot comment on behalf of NMGL but we would caution stockholders not to rely upon partial any liquidation whatsoever of the NMGL Preferred Series “A” and Series “B”.
Would NMGL ever consider a conversion of the NMGL Preferred Series “A” and the “Series “B” shares into NMGL shares of Common Stock?
Absolutely not; and under no circumstances would this ever happen. The NMGL Preferred Series “A” and Series “B” shares are not convertible whatsoever and have no voting rights whatsoever.
What is the opinion of the Company in respect of the Internet Stock Chat Forums at this time?
Fortress’s Management, Advisors and Investor Relations have absolutely no interest in the various comments posted on these Internet Stock Chat Forums and do not even feel the need to view any of the same. Those who allow themselves to become agitated by postings on these Forums on a daily basis will no longer be in a position to seek constant reassurances from Fortress or its Investor Relations.
NMGL’s Management, Advisors, etc. have no interest in these Internet Stock Chat Forums and have advised ourselves in no uncertain terms that they are completely oblivious to these types of investor discussions as they are not interested in retail investors or their opinions at this time.
What assurances do holders of NMGL Preferred Series “A” and Series “B” shares have that if the mines are sold, that NMGL will not accept stock in another corporation?
There are no guarantees. That is an NMGL decision going forward. However NMGL has stated that if they were to accept stock it would only be in a large corporation with freely tradable liquid shares of common stock.
Does the price of Gold affect the holders of NMGL Preferred Series “A” and Series “B” shares?
In our opinion, it does not. However should the price of Gold decline dramatically prior to NMGL disposing of Bouse Gold, Inc. and South Copperstone, Inc. then the NMGL Preferred Series “A” and Series “B” shares would be worth less than their face value.
Are there any plans to develop either “Bouse” or “South Copperstone” if they are not sold soon?
No. NMGL has not expressed any interest in developing these Mines as they have stated that at this time, they are merely “warehousing” both “Bouse” and “South Copperstone” on behalf of the holders of the Preferred Series “A” and Series “B” shares. NMGL has their own business plans which are solely the business of the holders of NMGL shares of common stock and not the business of Fortress stockholders.
However it is possible that NMGL may change their strategy in respect of these Mines. They have not provided any guidance to ourselves whatsoever in this respect.
Upon the payment of the Dividend, will the NMGL Preferred Series “A” and Series “B” be delivered in Certificate Form?
No, they will not be delivered in certificate form if stockholders hold their Fortress shares of common stock in a brokerage account. Those whom are named on the Fortress stockholder register at the Record Date of the Dividend would receive their dividend in certificate form.
This Dividend will not be declared until NMGL has (a) acquired the balance of the Bouse Gold, Inc. shares of common stock giving them 100% ownership of Bouse Gold, Inc. through the issue of additional NMGL Preferred Series “A” shares (b) acquired the balance of the South Copperstone, Inc. shares of common stock giving them 100% ownership of South Copperstone, Inc. through the issue of additional NMGL Preferred Series “B” shares (c) audited both Bouse Gold, Inc. and South Copperstone, Inc. (d) NMGL will be required to file a “Super Form 8-K with SEC upon their obtaining control of both Bouse Gold, Inc. and South Copperstone, Inc. (e) filed a Registration Statement with the SEC in respect of the NMGL Preferred Series “A” and Series “B” shares (f) such Registration Statement has become effective (g) obtained a CUSIP Number and a Trading Symbol for both the NMGL Preferred Series “A” and the Series “B” shares and (h) admitted the NMGL Preferred Series “A” and Series “B” shares for trading on a recognized exchange.
NMGL has set these “ground rules” as stated above and they are not negotiable. NMGL refuses to enter into any discussions or debates of whatsoever nature in respect of these transactions, as is their right.
If the mines sell for more than the existing price, will the increase be given to the Preferred Shareholders?
No. The face value of the NMGL Preferred Series “A” is US$16.00 per share and the face value of the NMGL Preferred Series “B” is US$2.20 per share. Should there be any excess over the face value of these Preferred Series “A” and Series ”B”, it will be solely for benefit of NMGL and their holders of shares of common stock.
How can I calculate the value of my historical dividends?
Guidance has been given for the value of the historical dividends in the aforementioned website page titled ‘historical dividends’ under the ‘dividend’ section of the “Investor” page at the website: www.fortfinancegroup.com.
When NMGL elects to purchase the shares of Bouse Gold, Inc. common stock and South Copperstone, Inc. common stock from those stockholders who received these aforesaid shares of common stock through the 2005 Dividends, it will do so at the same pricing per share as announced and through the issue of additional NMGL Preferred Series “A” and Series “B” shares. NMGL has given no undertakings as to when it intends to purchase these aforesaid shares.
I have shares held in a brokerage account that either no longer exists or has been changed. My account information has changed and I want to verify my holdings.
Unfortunately there is a limit to the ability of any Company as to what we can possibly achieve on behalf of our shareholders. A suitable metaphor would be “Imagine that you purchase a car from Ford Motor Company. The car starts to run poorly when you put straight leaded gasoline into it despite the fact that the user’s manual indicates that premium unleaded gas is required for proper operation. Would you then expect Ford Motor Company to clean your engine for you?”
In a similar manner the Company can make no representation as to the capability of any third party brokerage house with respect to their proper handling of share accounts. If you have been a victim of some improper handling of your share account by a third party brokerage house, this is a matter to be taken up with the securities enforcement division of the proper oversight agency for the jurisdiction your account is held in.
If you are holding shares in certificate form and you would like to redeem those shares once the dividends are issued, you need only await the distribution of the dividends. Once the dividends issuance is completed, your new certificates will be mailed to you at the address on record. If your address of record has changed in the interim please notify the Transfer Agent to Fortress by letter stating the name on the certificate and inform them what the address of record was and what the address of record should now be. You may find the transfer agents mailing address at the website www.fortfinancegroup.com under Contact”.
If you are holding shares of Fortress common stock in an active brokerage account, the actual delivery of share dividends must occur through the Depository Trust Corporation (DTC) which is the independent agency responsible for the handling of all transfer of stock held in brokerage accounts for United States publically traded stocks. This agency holds all account records for shares held on deposit in accounts for US issuers. When a dividend is issued the DTC will automatically deliver the correctly apportioned share amounts to each shareholder of record directly to their brokerage account.
In respect of the 3% annual dividend, what is the mechanism that triggers this event?
NMGL cannot pay a dividend to its own stockholders of its common stock from any profits derived from either Bouse Gold, Inc. or from South Copperstone, Inc. until the 3% dividend for that year has first been paid to the holders of the NMGL Preferred Series “A” and Series “B” shares.
The NMGL Board of Directors would presumably declare the dividend for a fiscal year once the earnings for that year, if any, were calculated and audited. So it would be payable annually, if this was ever to apply. We have absolutely no guidance from NMGL whatsoever in this respect.
Would NMGL be entitled to cancel these transactions for any reason?
NMGL is entitled to cancel these transactions should they deem these transactions to be of reputational risk to themselves. The agreements provide for such termination by NMGL in the event of any litigation against Fortress or Western or any regulatory actions against Fortress. Damaging and libelous statements publicly leveled at NMGL, its Directors, Advisors and controlling stockholders could also trigger such termination. In the event of NMGL terminating these agreements, Fortress and Western have been advised by Searchlight Exploration, LLC that Searchlight Exploration, LLC would in likelihood exercise its rights and remedies to terminate its Agreements and reclaim all of the Bouse Gold, Inc. and South Copperstone, Inc. properties as it is legally entitled to do so.
Furthermore, Searchlight Exploration, LLC amended the critical terms of its agreements with Bouse Gold, Inc. and South Copperstone, Inc. to facilitate a sale of these properties by NMGL. These amendments by Searchlight Exploration were subject to both Bouse Gold, Inc. and South Copperstone, Inc. being owned by NMGL and that Fortress was no longer a direct stockholder in either corporation. If NMGL was to cancel this transaction for whatsoever reason with Western / Fortress, it would be in a position to do so up until the date that Fortress declared the dividend distribution of these NMGL Preferred Series “A” and Series “B” shares.
How are the holders of the NMGL Preferred Series “A” and Series “B” shares protected from an NMGL Bankruptcy?
The designations, preferences and rights that exist in the NMGL Preferred Series “A” and Series “B” shares protect the holders of those instruments in the event of a bankruptcy of NMGL as both Bouse Gold, Inc. and South Copperstone, Inc. are held by NMGL for the benefit of those holders of the NMGL Preferred Series “A” and the Series “B” shares. The Preferred stockholders get first rights over these assets in the event of a bankruptcy and enjoy privileges in respect of Bouse Gold, Inc. and South Copperstone, Inc. That is not a privilege extended to the holders of NMGL shares of common stock.
No NMGL Preferred Series “A” and Series “B” shares may be redeemed prior to January 1st, 2011. What is the process by which shares may be redeemed after that date and can shareholders elect to redeem a percentage of shares?
On or after January 1, 2011, NMGL may at its sole and absolute discretion redeem all or part of either of the Preferred Series “A” shares or the Preferred Series “B” shares for cash. This is at the discretion of the NMGL Board of Directors and there is absolutely no possibility that NMGL has any intention whatsoever of considering any such actions at that time. NMGL, at this time, considers these transactions as a mere “warehousing” exercise, their intention is to obtain 100% ownership of both Bouse Gold, Inc. and South Copperstone, Inc. over a period of time, to then use their best efforts to dispose of both Bouse Gold, Inc. and South Copperstone, Inc. and if successful, NMGL would then redeem the Preferred Series “A” and the Preferred Series “B” shares for cash and at their face value.
OUR RESPONSE TO CLAIMS MADE BY TUFFNELL LTD (OTC BB: TUFF) IN RESPECT OF CLAIMS ADJOINING INTERESTS HELD BY BOUSE GOLD, INC.:
Where is Tuffnell Ltd's "Little Butte" property in relation to the Bouse Gold property?
The Bouse Gold property is comprised of 18 unpatented lode mining claims. The mining claims cover the Little Butte Mine, the Arrastre Mine and Flat Fault Mine. The Little Butte Claims were located in September 2004. The Arrastre and Flat Fault Claims were located in 2004 and relocated in September 2009. Some additional in-fill claims were also located in September 2009. The 18 Bouse Gold claims were intended to cover all unpatented ground where past drill holes by Homestake and others had encountered gold mineralization.
In October 2009 Minquest, a company led by a geologist who had previously drilled the property for Homestake, staked 47 unpatented mining claims surrounding the Bouse Gold claims. According to Tuffnell Ltd, it has acquired an option to purchase the Minquest claims plus 5 additional patented claims. Tuffnell Ltd has also stated that it has located an additional 26 unpatented lode claims.
The Company believes that the actions of Minquest and Tuffnell Ltd are to be expected given the stature and reputation of the Bouse Gold property. It is very logical for other mining companies to look for gold "next door" to an attractive gold deposit.
The Company's claims were located before Tuffnell Ltd's claims and are senior to them if there is any overlap. In particular, neither Tuffnell Ltd nor Minquest has any rights in the Little Butte Mine. The Company's attorneys are sending a "cease and desist" letter to Tuffnell Ltd demanding that they cease to call their property the "Little Butte" property as they have no mineral rights in the Little Butte Mine or the Little Butte Claims.
MY STOCKHOLDING IN FORTRESS FINANCIAL GROUP, INC. IS HELD IN MY BROKERAGE ACCOUNT, HOW DO I RECEIVE THE UPCOMING SINGLE EXTRAORDINARY DIVIDEND?:
Once the Transfer Agent to Fortress Financial Group, Inc. has set the “Record Date” and the “Payment Date” with FINRA for the upcoming single Extraordinary Dividend, those whom are stockholders as of the “Record Date” will automatically receive their Dividend on the “Payment Date”. If your stockholding in Fortress Financial Group, Inc. is held through a Brokerage account, the Dividend Payment is automatically credited to your brokerage account on the “Payment Date”. This function is carried out by the DTCC.
ON WHAT DATE DO I NEED TO HOLD SHARES OF FORTRESS FINANCIAL GROUP, INC. COMMON STOCK IN ORDER TO QUALIFY FOR THE UPCOMING SINGLE EXTRAORDINARY DIVIDEND?:
In order to be eligible to receive the upcoming single Extraordinary Dividend, you have to be a stockholder of record on the “Record Date”. The “Record Date”, once set by the Transfer Agent to Fortress Financial Group, Inc. with FINRA, will be published by ourselves after their approval of these dates. We will not be providing any advance warning as to the possible Dividend Dates but will simply advise our stockholders by E Mail as to the “Record Date” and the “Payment Date” once these dates are approved by FINRA.
Stockholders have received sufficient updates, progress reports and details over the past months and now that this process is drawing to a close, with the imminent execution of the sale agreements in respect of Fortress Financial Group, Inc.’s entire stockholdings in both Bouse Gold, Inc. and South Copperstone, Inc., to be very clear on this point, our policy is that the “Record Date” and the “Dividend Date” will be set with FINRA without any further updates or notices to our stockholders or to the market in general.
WILL FORTRESS FINANCIAL GROUP, INC. CONSIDER A "REVERSE SPLIT" OF ITS OUTSTANDING SHARES OF COMMON STOCK?:
Absolutely not. No purpose will be served by such an Action. The Company considers a "Reverse Split" of its shares of Common Stock to be destructive to stockholder value and will, under no circumstances, consider such an action. The Company has completed its deal to sell its interests in both Bouse Gold, Inc. and South Copperstone, Inc. to the Purchaser, and has fixed the payout ratio to its stockholders based upon those proceeds from these asset sales. Fortress Financial Group, Inc. is now a "Break Up and Value Play", it has no absolutely need for any Corporate Actions of this type.
IS FORTRESS FINANCIAL GROUP, INC. CONSIDERING A "REVERSE MERGER" AT THIS TIME?:
No, absolutely not. Upon the completion of the payment of the single Extraordinary Dividend to its stockholders, Fortress Financial Group, Inc. may consider offers, deals and all other proposals. Until such time as Fortress Financial Group, Inc. is trading "Ex Dividend", no such transactions will be contemplated whatsoever.
IS IT A REQUIREMENT BY THE PURCHASER THAT BOUSE GOLD, INC. AND SOUTH COPPERSTONE, INC. BE AUDITED PRIOR TO EXECUTION OF THE PURCHASE OF FORTRESS FINANCIAL GROUP, INC.’S STOCK IN THESE CORPORATIONS?:
No, it is not a requirement as the Purchaser is not acquiring control of either Bouse Gold, Inc. nor of South Copperstone, Inc. by acquiring the stock in those Corporations held by Fortress Financial Group, Inc.
The Purchaser has advised ourselves that their external Auditors will be auditing both of these Corporations prior to their increasing stockholdings in both of these Corporations through additional purchases of stock in both Bouse Gold, Inc. and South Copperstone, Inc. as they will be taking their holding to 100% of both of these Corporations. This has no bearing whatsoever on their initial transaction in the purchase of the stock held in these Corporations by Fortress Financial Group, Inc.
PAYMENT OF THE SALE PROCEEDS BY WAY OF A SINGLE EXTRAORDINARY DIVIDEND:
Upon completion of the sale agreements, the proceeds will be paid by the Purchaser to Fortress Financial Group, Inc. The Transfer Agent to Fortress Financial Group, Inc. will then set both a “Record Date” and a “Payment Date” with FINRA to distribute the sale proceeds in full to our stockholders.
In order to qualify for this Extraordinary Dividend, one would have to be a stockholder of record as at the “Record Date”.
I HOLD MY STOCK IN FORTRESS FINANCIAL GROUP, INC. WITH MY BROKER, HOW WILL I RECEIVE THIS SINGLE EXTRAORDINARY DIVIDEND?:
The Company’s Transfer Agent sets a “Record Date” with FINRA. This is the date upon which you need to be a stockholder in order to qualify for the single Extraordinary Dividend. A “Payment Date” for the Dividend is set at the same time; this is the date upon which the Dividends are actually paid, usually ten days after the “Record Date”. If your stockholding in Fortress Financial Group, Inc. is held in a brokerage account, the DTCC distributes this Dividend for credit to your Brokerage account upon the “Payment Date”. You do not need to do anything to receive this as it is automatically credited to your Brokerage account.
THE PINK OTC MARKETS, INC. PLACED A “CAVEAT EMPTOR” SYMBOL ON OUR COMPANY’S STOCK, DOES THIS IMPACT THESE TRANSACTIONS?:
The Pink OTC Markets, Inc. have insisted that in order to have this “Caveat Emptor” symbol removed, the Company would either have to (a) become a “Non Reporting Company” with the SEC or (b) bring its delinquent filings up to date. This is not possible at this time.
The Company was prepared and ready to file an Information and Disclosure Statement with the OTC Pink Markets, Inc, pay them the relevant fees and the Attorneys to the Company had advised them that the required Attorney’s Opinion Letter would be filed in accordance with their guidelines. The OTC Pink Markets, Inc. advised the Company’s Attorneys that this would not be sufficient to remove the “Caveat Emptor” symbol.
This has absolutely no effect whatsoever on these transactions being completed by the Company as we have now become a classic “Sale & Breakup Play”. The “Caveat Emptor” is now irrelevant to the Company and to its stockholders.
THE COMPANY’S REQUIREMENTS TO ABIDE BY THE RULES GOVERNING THE DISSEMINATION OF EITHER “INSIDE” AND/OR “PRICE SENSITIVE INFORMATION":
Stockholders are asked to appreciate that your Company’s Management cannot, will not and are not permitted by Law to provide any stockholder or any other party whatsoever with any information that is not already in the “Public Domain” through Company filings with the SEC or through Company Press Releases. Regretfully, we will continue to decline stockholder (or other) requests for information where we consider such requests to contravene the dissemination of “Price Sensitive” or privileged information. In certain circumstances, your Company’s Management has entered into Non Disclosure Agreements and in those cases, cannot respond to requests that would constitute a breach of such Agreements.
Within the next few weeks, all information will be in the public domain and this inability to deal with certain stockholder questions will be a moot point.
ONCE THE COMPANY TRADES “EX DIVIDEND”, WHAT ARE THE PLANS FOR THE COMPANY?:
At this point, no decision has been taken and we will at that time, entertain any offers that are made to ourselves but not implement any changes whatsoever until such time as the payment of the single Extraordinary Dividend to our stockholders is completed.
WHY DOES THE COMPANY’S STOCK TRADE AT SUCH A HUGE DISCOUNT TO ITS “BREAK UP” VALUE?:
The lack of credibility of delinquent filers amongst the investment community coupled with the fact that this Company has not made this fact widely known and that this Company has historical credibility issues, are the primary reasons.
WHAT IS THE “FREE FLOAT” OF THE COMPANY AND IS IT LIKELY THAT THIS WILL DECREASED?:
The number of the outstanding shares of our Common Stock does not represent the “free float” of our Company. No less than 5 billion of our outstanding shares of our Common Stock are restricted and are therefore not free trading. A single new stockholder already holds 16.9 billion of our shares of Common Stock. We are aware that this new stockholder could acquire no less than an additional 15 billion shares of our free trading shares of Common Stock from identifiable stockholders, should it so wish, as these stockholders will not dispose of any of its stock in our Company at current market prices.
Should this new substantial stockholder continue to increase its stockholding in our Company, the “free float” will be decreased accordingly.
We do not wish to speculate on the size of the “free float” but can categorically state it is not greater than 34 Billion shares of Common Stock; in all likelihood, it is substantially less than that number. Any attempt to accumulate a sizeable position in this Company’s shares of Common Stock through purchases in the market, would result in hugely increased trading price in the shares of our Common Stock.
WHAT IS THE STATUS OF THE COMPANY’S OUTSTANDING LOAN NOTES?:
The Company has outstanding long term loan notes payable in the amount of US$455,981.65 plus accrued interest. This amount will deducted from the sale proceeds of the Company’s Gold Interests. However, Bouse Gold, Inc. and South Copperstone, Inc. collectively owe an amount of US$810,000 to Fortress Financial Group, Inc. This amount will be repaid to Fortress Financial Group, Inc. by the Purchaser of the Bouse Gold, Inc. and South Copperstone, Inc.
In and during 2010, the Company reduced its outstanding long term debt by an amount of US$3,829,874 plus interest in the amount of US$150,126.
HOW MANY SHARES OF THE COMPANY’S STOCK ARE ISSUED AND OUTSTANDING?:
The Company has an amount of 74,813,049,643 shares of outstanding Common Stock.
WHY DID THE COMPANY INCREASE ITS AUTHORIZED SHARE CAPITAL AND WILL THE COMPANY ISSUE ANY ADDITIONAL SHARES OF ITS COMMON STOCK?:
The Company, at the request of its Transfer Agent, increased the Authorized Share Capital from an amount of 75,000,000,000 to 85,000,000,000 shares of Common Stock. This was required by law to cover the Transfer Agent and in respect of replacement of historical and future lost or stolen stock certificates.
The Company will not issue any additional shares of its Common Stock. The final dividend amounts have been calculated and are now, as far as we are concerned, “set in stone”.
WHAT IS THE COMPANY’S STOCKHOLDING IN BOUSE GOLD, INC. AND IN SOUTH COPPERSTONE, INC.?:
The Company holds:
1,030,421,001 shares of South Copperstone, Inc. Common Stock, representing 46.84% of their shares of outstanding Common Stock.
510,923,545 shares of Bouse Gold, Inc. Common Stock, representing 23.22% of their outstanding shares of Common Stock.
ALLEGATIONS OF NAKED SHORT SELLING OF YOUR COMPANY’S STOCK:
Your Company’s Management is very aware of the numerous allegations of Naked Short Selling, a common complaint from “Penny Stock Bosses”. Despite numerous requests from our stockholders for your Company’s Management to address this issue, we take the view that these allegations of Naked Short Selling are unfounded and that there is absolutely no proof of Naked Short Selling in your Company’s stock. A function of any orderly market is to permit proper “Short Selling” of stocks. Your Company’s Management is unaware of the extent of any (if any) short positions in your Company’s Stock. We are not however, in a position to disprove the allegations of a “Short Position” in your Company’s stock.
NO INSIDER SALES OF THE COMPANY’S STOCK:
Your Company’s Management can confirm that no Officer of your Company has disposed of any shares of your Company’s Common Stock whatsoever; and continue to hold their shares of your Company’s stock in restricted form and “on book” with the Company’s Transfer Agent.
Any sales and/or purchases of your Company’s stock by Company Officer, Insiders and Affiliates would need to be disclosed and filed in the prescribed manner and time frame.
COMPANY MANAGEMENT’S VIEW ON THE VARIOUS POPULAR INTERNET STOCK CHAT FORUMS:
Your Company, its Management and its Advisors have for a long period of time been subjected to attacks on the popular internet stock chat forums. We, like all other Public Company representatives have resented and rebelled against these attacks, particularly if untrue or extremely personal in nature. However, your Company’s Management has realized that these internet stock chat forums serve a valuable purpose in the facilitation of the exchange of information; and of free and frank discussions between Company stockholders and others interested in a Company’s stock.
No longer will your Company’s Management view these Internet Stock Chat Forums with disgust and horror. Our policy, going forward, will be one of, “no comment”, to those who contact ourselves begging that we do something to prevent these attacks upon their Company. Whilst we have enormous sympathy for our stockholders as they watch their investment in their Company being damaged by various members of these Internet Stock Chat Forums, we as your Company’s Management will be responsible for delivering upon our promises thus negating these attacks upon your Company.
Those stockholders who are outraged by what they view as a relentless, vicious and damaging campaign against our Company on these Internet Stock Chat Forums are reminded that this Company has honored its promises to its stockholders, is executing the sale of its gold interests and distributing the proceeds therefrom as a single Extraordinary Dividend. The Company’s detractors and their views, to which they are entitled, have now become irrelevant in our opinion.
We wish to remind our stockholders that there are many supporters of your Company, who loyally express their support and share their information, often the results of extensive due diligence; for your Company on these Internet Stock Chat Forums.
We must remember that one of the United States of America’s most cherished and enshrined Constitutional rights, is that of Free Speech, guaranteed by the First Amendment.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
