Full Alliance Group Inc
Full Alliance Group Inc has released news suggesting they have acquired huge assets from Grupo Richard. Previously they announced the same thing under the ticker symbol BHGI but the deal fell through citing geopolitical reasons. FAGI is currently reporting zero revenue, a $2200.00 cosmetics company for assets, with approx. $500k in debt after 3+ years of operation.
Outstanding: 40.7M (as of Jan 25 2018)
Issued and outstanding is 40,386,330
Free trading is 12,379,888.
FAGI is also one of the Very Few companies that has come off the Grey Sheets.
Current OTCM Tier Level: Current
Riedel Report Valuation of Full Alliance:
By my calculations. 286.1M divided by the OS of 35M gives a Book Value of: $8.17/Share
Update: As of Jan 25 2018, Realistically FAGI is only worth its value as a shell company which is $1.5M - 500K in debt = $1m/41M shares approx or .024/share. Dilution ongoing due to debt converting at 0.0025/share with zero new assets reported since 2014. There is NO EVIDENCE the Riedel Report above (Created in 2016 for BHGI) was based on verified numbers, only information supplied by Grupo and BHGI therefore it is not a useable report also as evidenced by the market response to it.
Full Alliance Group, Inc. (OTCPK: FAGI), Announces the addition of Henry Tacsan Ruiz to the Board of Directors
LOS ANGELES, Jan. 29, 2018 (GLOBE NEWSWIRE) -- Full Alliance Group, Inc. (OTC:FAGI) ("Full Alliance Group" or the "Company"), a multi-faceted holding company, is pleased to announce that Henry Tacsan Ruiz has joined the Full Alliance Group Board of Directors.
Mr. Ruiz is a partner with T&S Associates S.A., a prominent accounting and consulting firm located in Costa Rica. Henry holds a master's degree in business administration and has worked previously as an auditor / inspector for both the Bank of Costa Rica and Deloitte & Touche
FAGI management is very excited to add Mr. Ruiz to the board of directors. He will bring additional knowledge of the Latin American marketplace, and accounting acumen to Full Alliance Group, as we proceed with our strategic plan to expand our point-of-sale (POS) banking operations from Mexico to other countries in Central and South America.
We expect to announce another addition to the Board of Directors shortly, along with anticipated operational updates.
Chairman of the Board / CEO
Full Alliance Group Inc. (OTCPK: FAGI) Releases A Letter from Ramon Richard, CEO of Grupo Richard.
Los Angeles, CA -- January 10, 2018 -- InvestorsHub NewsWire
With the objective of making the collection and payment of taxes more efficient, transparent and expedited for its citizens, On Comercio CEO, Ramon Richard states: "On Comercio will begin a pilot program in the Mexican state of Sinaloa in 2018with a subsequent rollout to other states." The first phase of transactions to be processed via the On Comercio platform includes motor vehicle related transactions, drivers licenses, registration related charges, letters of no criminal records, birth certificates, and property taxes, etc.
On Comercio is facilitating payments via its mobile and agile platforms and will be available in government offices and other conveniently located establishments to maximize the number of people who can take advantage of On Comercio's services. All transactions processed via the On Comercio platform are cost free to users.
In addition, On Comercio management is already in negotiations with other states and municipalities to be incorporated as a platform to handle the collections and payments of other various government agencies and services such as water, gas, electricity, and the recharge of cell phone minutes. Mexico's population was over 123 million in 2017, making it the 11th most populous nation in the world. Mexico also has the world's largest Spanish-speaking population, and is the second most populous nation in Latin America.
CEO / Grupo Richard
Accounting Firm: BDO International