Jacobs Financial Gr. Inc. (fka JFGI)

[Renee]

JFGI registration revoked:

https://www.sec.gov/litigation/admin/2019/34-87252.pdf

[Renee]

JFGI SEC Suspension for severely delinquent Financials:

https://www.sec.gov/litigation/suspensions/2019/34-86851.pdf

Order:

https://www.sec.gov/litigation/suspensions/2019/34-86851-o.pdf

Admin. Proceeding:

https://www.sec.gov/litigation/admin/2019/34-86850.pdf

[Ask$lapper]

JFGI Agree!!

[Aduke]

Dunno about the other trades reported, but those two 10,000 share trades were my GTC sell orders entered a week ago. Finally executed today. MMs gave me more than I asked for, executed on the bid. They were not intentional bidwhacks.

Gonna get greedy. I have cancelled my remaining sell orders. Looks like good times ahead here.

[Ask$lapper]

Whackers Gonna Be Sorry!!

[ToyotaMR2s]

JFGI .0117/NEWS/getting in the pet insurance industry looks like

http://archive.fast-edgar.com//20171013/AIKZV22CZ22562Z222262CZZ8UBJZZS22U92/

SECTION 2 - FINANCIAL INFORMATION
Item 2.01 Completion of Acquisition or Disposition of Assets

On October 9, 2017 the Registrant completed a transaction which resulted in the Registrant’s ownership of 10% of the common shares (non-voting) of BritAmerica Management Group, Inc., (BMG) is a closely held parent company with a 100% owned subsidiary, BMG Insurance Brokers Ltd., an accredited Lloyd's Broker. BMG is a specialist Managing General Agent and Wholesale Broker with a business focus offering international pet and equine insurance, operating from offices located in United States and United Kingdom.

The transaction was accomplished as compensation for consulting services in the placement of surety bonding for the benefit of BMG.
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.

JACOBS FINANCIAL GROUP, INC.



By: /s/ John M. Jacobs
John M. Jacobs, President
Date: October 13, 2017

[funnyG986]

JFGI 8k today explains recent insider buys

[Aduke]

JFGI looking good

[Dina]

This is new: https://play.google.com/store/apps/details?id=com.app_mytspguide528.layout&hl=en

[funnyG986]

JFGI no shares left in the float. 0.009 taken

[Dina]

A Bitcoin subsidiary is also possible here, company predicted it and liked Digital Wallets years ago:

https://jcbits.wordpress.com/2013/12/27/the-digital-wallet/amp/

Would be great if JFGI goes bitcoin, but so far could not find anything beside this link.

Bitcoin insurance would be perfect. There are not many companies which offer this, but of course this is pure speculation based on this link and interest in the sector.

[Aduke]

I wonder why Charles L. Stout keeps buying all these shares. Now owns 123,179,483 shares.

[funnyG986]

JFGI form 4 out. Insider buying more shares

[Dina]

New form 4, these are real buys in the open market.

Form 4 shows: 9/27/2017 P 100000 A $0.0074

And this was the volume:
JFGI 27.09.2017 0,0074 0,0074 0,0074 0,0074 110.000

And form 4 shows: 9/25/2017 P 100000 A $0.0065

And this was the volume:
JFGI 25.09.2017 0,0065 0,0069 0,0063 0,0069 255.000

https://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=14017&i=JFGI&pv=stock-chart&puv=110794

It´s not a lot $ volume, but there are also not many shares.

[Aduke]

That is just the opinion of otcmarkets.com. Stay tuned.

[Dina]

What do you want to tell us with your post about the meaningless stop sign? You see company filed 10-k already for 3 years and they paid over $400k for audit fees. The other filings will hit this year.

"Our independent registered public accounting firm, EKS&H LLLP, billed $60,000 and $55,000 for their audits of our financial statements for the fiscal years ended May 31, 2016 audit 2015, respectively."

"Our independent registered public accounting firm, EKS&H LLLP, billed $65,000 and $75,000 for their audits of our financial statements for the fiscal years ended May 31, 2015 audit 2014, respectively."

"Our independent registered public accounting firm, EKS&H LLLP, billed $75,000 and $106,654 for their audits of our financial statements for the fiscal years ended May 31, 2014 audit 2013, respectively."

You don´t see it often that a company with these fees for filings comes back after years, there should be a good plan.

[sandtrap246]

JFGI stop sign on OTCM

[funnyG986]

JFGI another two filings out today

[funnyG986]

JFGI 10k showing total asset of $11.8M.

[funnyG986]

JFGI paper thin. penny break possible today

[HallaDurg]

JFGI filings out. Could be the start for something new here. Such a thin trading ticker

[funnyG986]

JFGI ready to run. website looks amazing
http://www.jacobsfinancialgroup.net

[HallaDurg]

JFGi moving today!

[HallaDurg]

Adding some .003s JFGI will have its day. I'm loaded here.

[HallaDurg]

Surprised not to see more volume, we should see more from the company after today's filing.

[funnyG986]

yeah, JFGI very positive news to me. Considering the note retirement news last month, they have retired all the default NOTES

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10095791

[HDOGTX]

JFGI Merger

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10869136

[funnyG986]

JFGI very positive 8K imo.

[HallaDurg]

JFGI likes to run to .02

[funnyG986]

JFGI 0.0048 8K OUT

On August 5, 2015 the Registrant completed a $1,600,000 transaction which resulted in its acquisition from certain of the Registrant's note holders of 49.3% ($1.725 million face amount) of the outstanding senior promissory notes comprising part of a $3.5 million financing dating from 2008, together with interest accrued thereon. The notes representing the $1.775 million balance of this financing (together with accrued interest) had been acquired by an affiliate of the Registrant in July 2014. The entire issue of senior promissory notes had been in default. Upon closing of the acquisition, the collateral securing the senior promissory notes was released to the Registrant.

[HallaDurg]

JFGI .0036 due for a damn bounce!

[HallaDurg]

Thoughts on 10K? 2 MIL market cap VS 8 MIL in Assets according to filing... Am I missing something or is this heading for .02?

[HallaDurg]

Thoughts on JFGI 10K ChitownMike?

[Doc18]

Is it finally alive....?

[HallaDurg]

10K Out - JFGI HUGELY UNDERAVLUED

[Jahvik]

Did you see the news on JFGI???? Me either.

[Jahvik]

Some poor guy just bought a mil at 5!!

[Jahvik]

Def need some patiece

[Fugu]

Patiently waiting and adding what's given. When news hits were gonna fly.

[ChitownMike]

It'll be quite until news hits

[Sobek]

Sure got quiet here, bid still holding. Hopefully the calm before the run!

[ChitownMike]

This is why I originally got in. From the 7/15 8k

"The financing was a product of the Registrant's ongoing efforts to restructure its balance sheet to position itself to take advantage of business opportunities."

I'll hold out to see what these business opportunities are all about.

[ChitownMike]

Great point. Nobody in a rush to sell.

[Sobek]

Oh yeah, I remember the millions of shares poster. If he really wants to help and turn those millions of shares into real money, he can just hold and learn to sell small blocks on the ask instead of dumping on the bid thinking he's saving on commission lol. This trades so thin its like floating on air!

[HallaDurg]

Also was encouraging to see that 1mil bid not get hit.

I thought our friend a few weeks ago was posting about trying to unload his "millions of shares"

[ChitownMike]

Two things we know; they are getting current and someone was bidding large Friday. Think next couple weeks could be interesting

[Sobek]

Excellent point. They mention working with AXA ( us.axa.com )on their website. That would be something if AXA was eyeballing them for a buyout or a merger.

[ChitownMike]

Merger. No way you're going through all that just because. They haven't filed in over a year and they certainly wouldn't get audited fins if there wasn't something going on.

[Sobek]

The first 8-K sounds like JFGI fired their old PA saying that when Malin Bergquist & Company merged with BKD in 2013 they got put on the back burner. Also that Malin was ok with it so it was a clean and legal separation. Thing is, they have always been late on their filings. There's one NT after another in their filing history.

Question is... so why the concern now????

The next 8-K says they hired EKS&H as their new PA and their first piece of business is "the immediate audit of the Registrant's financial statements and schedules supporting the financial statements which will be included in a proposed Form 10-K filing for the fiscal year ended May 31, 2013." Because it says May of 2013, it sounds like they are doing a catch up 10-K before do the 2014 filings.

Their last filing was from April of 2013 then another NT in August with no follow up report. Supporting the reason they changed PA firms.

Also EKS is a much smaller PA firm. Which would mean more hands on for quicker services.

So why does JFGI need to get caught up right now? Is it for something that came up and the bigger firm couldn't do it in the time frame they need it done by?

But then there's the 8-K from July 15th, "On July 9, 2014 the Registrant completed a $4,500,000 financing. In effect, a subsidiary of Registrant borrowed the funds at 8.00% interest with principal repayments on a ten year schedule. Proceeds of the borrowing were applied (i) to purchase from certain of the Registrant's note holders 50.7% ($1.775 million face amount) of the outstanding senior promissory notes comprising a $3.5 million financing dating from 2008, together with interest accrued thereon and the associated collateral, which senior promissory notes have been in default,
(ii) to pay in full delinquent tax liabilities owed to the Internal Revenue Service and State of West Virginia, (iii) to pay an outstanding judgment, and
(iv) to pay certain other current liabilities. The financing was a product of the Registrant's ongoing efforts to restructure its balance sheet to position itself to take advantage of business opportunities."

So I guess the next question is, what is their next move?

[ChitownMike]

I think you're right