Fortune Bay Corp (FOR)

[wshaw14]

Beware, these folks have supposedly had, for years, a fully permitted gold property with nearly a million ounces of gold. They claim that it is a very low cost of infrastructure to develop this mine, yet they are still chasing other opportunities. It looks to me like they are not interested in developing anything for mining other than other peoples pockets.

[levi]

25 you can do it!

[wshaw14]

I seew these folks are still mining nothing but investors pockets. They have a fully permitted, feasible gold property, and rather than mine it they are off exploring for uranium. Why would they not concentrate on what they already have, get some cash flow and then do other things? I also see they keep giving them selves more stock also? What a scam.

[wshaw14]

Wow, no surprise here. These scammers are still doing the same exploration they have been doing for years. They are still mining shareholders $$$.
This has been nothing but a scam since they were spun off.

[ernie44]

Nuthin much goin on today --Boys

[wshaw14]

They keep doing private placements for exploration money. I have not seen any assays or exploration results. The property has been mine approved for years an supposedly has large open pit reserves. Why do dilution for exploration $. There is something very wrong here. It seem they are mining only investors pockets. JMHO

[wshaw14]

No news other than stock options and dilution since the creation of the company. They have a feasible and fully permitted gold property they have been sitting on for years (since before the creation of Fortune Bay) Yet they seem content to increase payroll, draw fat paychecks and do nothing.
My advice is STAY AWAY

[wshaw14]

These scammers have been drawing big paychecks for years on nothing but failure. Award them selves bonuses and raise $ to pay them selves while touting a property where they have already been turned away and know they cant get permitted to mine. All the while they have a proven property that has fully approved to mine for years, on which thy have not turned a shovel. It seems to me these folks want money for nothing and have no interest in shareholders value. I know for a fact they were made a good offer on the mining approved property long ago and turned it down. The name of the game here seems to be to preserve paychecks for the scammers.

[wshaw14]

These jokers are still scamming along to get those paychecks.

[wshaw14]

They keep mentioning the Ixhuatán Project located in the Chiapas State of Mexico and forget to mention that permitting has already been turned down on that property. This thing has turned out to be just another scam. They do have one property that is permitted and ready to go, but they dont seem to be at all motivated to do anything but draw pay checks and employ their friends. Since the spin off they have increased nothing bu payroll.

[wshaw14]

They must have soaked up most of the money and now are selling more shares to keep collecting their pay.
The following is garbage.
"The gross proceeds of the Offering will be used to fund ongoing operating costs and the maintenance and further exploration at Fortune Bay's Goldfields Project and Ixhuatán Project."
The Goldfield project is already explored, approved and ready to go, and the Ixhuatán Project can not be permitted. They will do ZERO exploration.

http://www.4-traders.com/FORTUNE-BAY-CORP-16030542/news/Fortune-Bay-to-complete-non-brokered-private-placement-25851568/

[wshaw14]

These folks are content to sit there and bleed the company dry. I could be wrong, but I doubt we will ever see any movement here.

[geopic]

We may need lots of patience...

[wshaw14]

I truly wish you good luck with that. I am still holding a few.

[geopic]

Added today. A small holding. I can wait a little.
g.p.

[wshaw14]

No update from these folks in a year and a half.

[wshaw14]

Wow, all the news FOR is putting out.

[wshaw14]

We will eventually hear something. When they have gone through the cash, they will be wanting more to pay them-selves. What a pitiful excuse for a company.

[wshaw14]

I guess if one does not mind a group of slouches sitting around collecting paychecks for doing nothing while sitting on a valuable already permitted gold project then this position is OK. I do know they had at least one excellent offer on the project.

[geopic]

Not so sure about that. Still have a few shares of both FOR and KSI and can't really complain.
g.p.

[wshaw14]

Companies like Fortune Bay are what give pennies a bad name.

[geopic]

Partly agree, but then, so many are like that.
Here's what TD shows for KSI:
'Kneat.com Inc, formerly Fortune Bay Corp, is a Canada-based software company, which develops and markets the Kneat Gx software platform. Kneat Gx software platform enables an end-to-end paperless process for all validations, commissioning and qualification, production execution and quality document management. The platform Kneat Gx allows users to electronically create, approve and execute all deliverables, manage any exceptions and post approve final deliverables in a controlled FDA 21 CFR Part 11 compliant platform. Users with correct permissions can see everything in real time. Customer case studies are reporting productivity improvements in excess of 100% and a higher compliance standard.'
It also shows a book value of .18 ....
g.p.

[wshaw14]

No real news from them either. No one in their right mind invests in companies that dont keep investors up to date. These idiots seem to be sitting on their hands and drawing a paycheck on the investors money.

[geopic]

There is still a connection with KSI (Kneat.com) that could help.
g.p.

[wshaw14]

Looks like nothing was imminent. Wish they would just sell the property they are sitting on. They are obviously not going to do anything with itIt seems they will be content to draw their checks until the $ run out.

[wshaw14]

That would be nice, but not holding my breath.

[geopic]

Perhaps, something is imminent?
Good close, yesterday.
g.p.

[wshaw14]

Other than dealing stock options to them selves and making the acquisition of Kneat.com Fortune Bay has done nothing since the sale of Black Fox. What are these idiots doing to earn their pay? NOTHING

[wshaw14]

Nice to be kept up to date on company events. Or should I say non events.

[wshaw14]

Not much of a company here

[wshaw14]

Just checking in to report no news.

[wshaw14]

Still no new from these idiots, but the share price is going up? They do have good assets, but seem to have very poor management.

[wshaw14]

Wondering why this went up today (though on low volume) with no news?

[wshaw14]

Maybe we will get some kind of news by this time next year.

[wshaw14]

Still no news. These folks seem to be sitting and drawing their income with no desire to do anything.

[wshaw14]

Still no news. No real news since June. These folks are real winners.

[wshaw14]

I wish these idiots would just sell the project if they are not going to do anything with it. A good project permitted and ready to go, just sitting there while these jokers are wasteing the cash on unnecessary payroll.

[wshaw14]

I like the looks of the chart on this page. I wish it was fortune bays.

[wshaw14]

Not a bad deal. I hope they now become a little more investor friendly.

[geopic]

From my old FOR holdings (also small), got one new
FOR for every two and one KSI for every 3.
Currently, that's about a $1.35 value for .$0.95.
g.p.

[jsc52033]

so you have some connections in the mine business great

[wshaw14]

I have steered another company toward Goldfields project as a prospective buyer. If Fortune Bay is not going to do anything with it maybe somebody else will.

[jsc52033]

same way I got mine. There are way better lower risk PMs right now.

[wshaw14]

Finally an update. http://ih.advfn.com/p.php?pid=nmona&article=71721183
I got these shares via the Brigus Gold Primero mining deal. I dont have many either. I really like the Goldfields project in Sask. It is permitted and ready to go. I at one time had plans to greatly increase my position here, but am sure glad I did not. I would not bet another cent on these clowns. They dont respond to e-mails or phone calls, and dont see fit to keep shareholders informed.

[jsc52033]

which was it to be a sale or a merger? I have a very small position in this animal. Sometimes I make mistakes.

[wshaw14]

Here it is June 4 2016. These folks still dont thin shareholders deserve an update. They sure have turned out to be DUDS. I guess shareholders are very fortunate they decided to sell Black Fox.

[wshaw14]

Well here we are in May and still no news about the merger? I am wondering if there is a problem?

[wshaw14]

Looks like the deal will be finished up around the middle of April.

[wshaw14]

Anybody know when this deal is to be completed?

[wshaw14]

Well, at least some news. I dont know about good though. http://ih.advfn.com/p.php?pid=nmona&article=70318130