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.
LOL, one of the FFGO mods blocked me from sending him PMs. Only ever sent him/her 1.
I guess everyone wants to put on blinders and ignore everything going on around them.
LOL, lumpskull got banned again from FFGO thread. Not so funny, Derbenski is banned as well.
There was a question about FFGO dividend and record date. Since I cannot post there because my posts are apparently of no value and off topic, here is the response. Believe me, no one knows divies better than I do;
record date in general is totally meaningless, unless of course it is restricted shares that will never be registered with the SEC, then a company can get away with only a record date because they are issuing shares that are basicly worthless.
The important date to know is the ex-dividend date. On pinkies the ex-dividend date can be days, weeks, or months after the record date, especially in cases where the dividend is significant.
The reasons for this are twofold. The first reason is that the transfer agent needs time to gather up all the money or shares to issue them. The second reason is that the company may issue the dividend, but it can't actually be issued until the shares are registered with the SEC.
To be honest, the longest delay I've ever seen from record date to ex date was about 8 months.
So, what happens in the 8 months between record date and ex-date? Well, you are buying and selling your stock with due bills. Despite having been a shareholder of record, on the record date, every share you sell also sells away the dividend and the buyer gets the right to the dividend.
I gues that is it in a nutshell. Many OTCBB and pinksheet companies have gone bust not understanding the rules, and I think there was a PR from FFGO stating that they had some problems understanding these rules.
Alternate stock discussion thread precedents, dunno why FFGO can't have an alternate discussion thread;
http://investorshub.advfn.com/boards/getboards.asp?SearchStr=cmkx
http://investorshub.advfn.com/boards/getboards.asp?SearchStr=yhoo
There are probably others but I gave up looking randomly after 3 minutes
Well I guess I missed the bulk of it. I suppose most of the messages were deleted and no one that wasn't there will ever know what was said.
Nah, its turned into nothing but an ass kissing party, he hasnt answered one serious question yet.
It is indeed...
very strange posts. He doesn't even seem to know who he is talking to
he's fucking drunk. this should be fun.
damnit, you beat me. I guess he forgot how to use spellcheck during his pison time.
Posted by: stephenlumb Date: Thursday, August 07, 2008 9:37:35 PM
In reply to: ThePennyGuru who wrote msg# 35480 Post # of 35561
I am out o0f jail, Vib, I will need some nourishments ASAP, very hot and like hell in there! Who provided the South African journaist with the information, From IHub, whilst knowing that what they were attempting to create? Disillusionment? Simply, more doubts for long suffering stockholders? Put them out of their misery. That is your philosophy.
Dear Madam, you know who you are are (DEBRINSKI), And I most certainly now have prrof; this Article was posted this on your Forum withiin Minutes of Money Web's going live with this totally inconsquential article? Makes one think does it not! My cooments at the end of this article say it all. YOU CONTACTED THIS JOURNALIST, GOT IRT WRITTEN and then asked VIV to post the same aricle at the top of the Forum Page!
Does this affect FFGO stock price performance? NO.
Does this hurt Alan who works tirelessly for his stockholders? MO.
Does this hurt or even put the slightest dampper on my persoal business dealings? NO.
Who benefits from this "Cheap Trick"? Well only those of whom are hell bent on keeping a stock down; either for money, greed, jealousy or because you are a "sad little peron" and; you are very clearly failing in your quest.
Leave it alone now, I am big boy, as you are all of you.You may feel free to judge me based upon articles on my private and public life now placed in front of you. I accept that; that is your right.
Do your own homework, stock trading is not an exact science; but in my books, Alan's doing a pretrty good job for all of you; to date.
P.S. I itend to remain very calm, answer only sensible questions, without treading on Alan's toes and hopefully we even become a family "of "believers" or "informed prople" by morning. eom.
I am no saint, definbitely a sinner; but not a crook or a conman. If you can see fit to address questions to me in a civilized fashion, I shall extend the curtesy of answering these questiuons in a similair fashion.
Ahhh, clarification PRs, my favorite.
"we didn't know what the hell we were saying the first time around, and it seems no one else did either. At this time we would like to clarify that what we said yesterday was complete and accurate."
Well, I took as more of an HGLC PR than an FFGO PR. I'm there will be a clarification PR tomorrow though, lol.
FFGO had a PR today. It didn't make a whole lot of sense, but that is normal
Its too bad those couldnt have made it into that article today, lol
Well, they sure have been quiet with the PRs all of the sudden, I dont see that as a good thing.
I have copies of most of them...
http://investorshub.advfn.com/boards/profile.asp?user=130414
Most of his really bad ones were deleted
I don't ban, I don't delete. I live and let live.
Ya know, it's kind of a funny story. Matt, that's Ihub Matt, was over here for a BBQ. Very nice of him to do a side trip to my part of France just to see me.
So anyway, we get talking about scams and I said to him that I saw the funniest thing last Thursday or Friday. Was some stock that suddenly came into $500 million and decided that they didn't need all that money so they were going to give $400 million out to shareholders. Told him I couldn't reacll the name of the company or the ticker, but did recall that it was around 0.0002 at the time and that there seemed to be a lot of people selling at 0.0001
He laughed, I laughed. Who could have guessed that 5 days later I would be banned from the FFGO thread.............
damn...I missed post #1...I'm slowing down in my old age
lol. Well you broke my board rules. I think you were like post #2
~~~~!@#$%^&*()_+==+_()*&^%$#@!~~~~
I am NOT a licensed investment advisor
~~~~!@#$%^&*()_+==+_()*&^%$#@!~~~~
My upgrades and downgrades are
for entertainment purposes and
my own reference only !~!~!
~~~~!@#$%^&*()_+==+_()*&^%$#@!~~~~
Any post but mine will be deleted
and you will be banned. LOL
~~~~!@#$%^&*()_+==+_()*&^%$#@!~~~~
yep thats all i have. pennies aint gonna be hot until early 09 if not later
shithead...I never saw that till now...now I'm gonna cry
I bet you do.
http://investorshub.advfn.com/boards/board.aspx?board_id=9575
..................effin canadians
well this rsing is enivitable. when and how much are the only questions.
I hope you get BANNED...
wait I said shitpiled the posst before that so am in direct violation of this boards standards. Are you going to ban me?
I have the lotto ticket in case it takes off FFGO, just no confidence in it actually happening
I dont know. Just looking at L2 today it appeared that there was alot of sells going through, you would never know if those are actually sells or buys until a 13D is filed. Most of the stuff he posted both nights was total BS. I asked him if he planned on R/S the stock and he said it sounded like a challenge to him. And yet, he has nothing to do with the day to day dealings of the company? Yeah right. IMO, he's nuts.
when the bottom drops it will be hard but I have seen some REAL pos's run and this could but ....
Hell QBID took the HELL OFF !~!! probably more of a pos then this one. but odds are VERY slim that this actually goes and the markets sucks
they exist soley for the benefit of mankind. Didn't you get that yet?
gimme his profile link. I scanned em awhile back but did not read into them much. Just remember thinking he sounded like a dipshit.
so with 35B shares and the GoldCo. interest being bought out by "private equity" for .025 per share thats $875,000 million almost a billion bucks going to FFGO shareholders right? rotf
you said screw. You have to wait 3 more posts before using another vulgar word.
Yes he kept talking the first and second night about how he was going to manipulate the stock price. Not sure if that is what he is doing now.
Well, exactly!!! I dont understand why people think that a company is going to give them the moon and the stars.....just because. I probably should have held out a bit, but the PRs and all the 8ks freaked me out so much that I expected the bottom to drop out very quickly.
yep. amazing sobs like lumb, winnick, etc. get to continue.
Screw the DD. If I have learned one thing about trading it is anything that sounds to good to be true ... is .... to good to be true.
I think he just enjoys the publicity, whether its bad or not. You can kind of tell he has a big ego just from his postings on IHUB.
Yea, I saw that. The last part is most interesting of all. Guy doesn't give a shit about the stock
I did own, until they put out the corny PR about an Extraordinary Dividend.
Um, so how does the recent DD make you feel about your holdings?
I own some as well. Very strange that Ihub bans me from talking about it
Sounds Good, did we all see the article that was written about Lumb and his scandals today?
Banned SA director causes stink in US
Serves time in message board "jail" after a bitter exchange with Pink Sheet investors.
Julius Cobbett
07 August 2008 16:32
Colourful South African penny stock boss Stephen Lumb is making waves in the risky world of tiny US public companies, or Pink Sheets. Lumb, or someone purporting to be him, was suspended from an online investing forum after his jousting with sceptical investors became a little too enthusiastic.
One cannot blame US investors for being sceptical of companies associated with Lumb: the man has a chequered history.
Lumb rose to notoriety in 2001 when he was CE of since-failed JSE-listed stock Igaming. He was wrapped on the knuckles after the company failed to comply with listing requirements.
Lumb went on to the UK where he was banned as a company director until 2010. His company Hanover Capital Group was booted off the UK's junior Alternative Investment Market after failing to comply with exchange rules and company law. Hanover was ostensibly a mining investment company.
Companies associated with Lumb have resurfaced in the US and, again, his recent actions are making him a poor ambassador for South Africa.
The same mining assets that were housed in Hanover group have been transferred from one Lumb-related company to another. This has left a bewildering trail of transactions that has not resulted in much tangible benefit to minority shareholders.
The latest scheme involves a company called Fortress Financial Group, currently quoted at five ten thousandths of a dollar ($0,0005) per share. This might sound cheap, but it is worth bearing in mind that the company has 35bn shares in issue.
There has been some hype created in the company regarding the announcement of an "extraordinary dividend" of $400m, which works out to $0,0124 per share, a tantalising offer to investors. However, the dividend will not be paid in cash, but in stock of a yet to be named company, known as "Goldco".
There has been much scepticism among investors on online investing forum Investors Hub. When he became aware of the pessimists, Lumb, or someone purporting to be him, felt obliged to respond. The exchange got heated and many of the posts were deleted and are no longer available. However, an observer says he "totally lost it in a posting rampage in support of Fortress Financial Group".
Contacted by Moneyweb, Lumb neither confirmed nor denied that he was responsible for the posts. "I have no comment to make; nor do I need to," he replied.
Moneyweb sent this article to Lumb ahead of publication. His response follows:
Your facts are incorrect. No surprise to me. I could care less what you publish, the more inaccurate, the better.
You have absolutely no clue as what I own, nor what I even do; that is obvious.
I am [not] even involved in any day to day dealings of that Company; that is the biggest joke of it all.
http://www.moneyweb.co.za/mw/view/mw/en/page91?oid=218974&sn=Detail
I actually have some FFGO shitpiled (3rd message rule)
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |