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Seven,
Whats your thoughts on whats going on with the slow order fills and low volume?
GM Vianna,
Will today bring good tidings from FFGO??? Let hope so
patiently waiting
Dich
Thanks, but I'll wait for an update, anyway I doubt that she is doing anything yet since record and ex-div dates have not been set.
GM Vianna, have you talked to the TA lately?, just wondering if she can confirm anything about working on the div.
Very interesting Lambshift, your thoughts seem to fall in line with some of mine as well as a few others. I've been wondering how HGLC might come back into play here, Do we know if FFGO still holds all their stock in HGLC? I also find it interesting that almost a mil shares of HGLC traded on the 16th (seeing that it is hopelessy Bancrupt and all).
I'm not sure what exactly will happen with FFGO after the divvy is done, but I'm betting it will be worth it to hang on to some of my shares. So I think I will, just to see what happens.
Dich
Assume for a moment FFGO did go into a reverse merg with a private company with valuable assets, and did bring their filings current. I would also expect to see a reverse stock split in concert with the reverse merger. Also assume that their stock goes up to, say over a dollar ps. So what would happen if the massive short position really exists as some here suggest. Is that how to get shorty??
Just curious
Yeah, I know. But that’s kinda what I mean. I have too many questions unanswered. There is however filings that talk about acquisitions and it is difficult to find out if the deals were ever finalized, and if they were what they did with it. It's the FFGO puzzle. lol
But if it's true, and there are assets being held by subsidiaries then a reverse merg is a possibility.
JMO
If Varmit is correct then I would expect to see a reverse merger in the not so distant future after the current deal is really completed.
I hope he is correct!!
FFGO has done alot to make themselves a clean shell company.
JMO
Reverse Merger with an OTC Shell -- How a reverse merger deal works
The public shell has existing public shareholders who may own 10% to 50% of the public company. The private company has substantial assets and business. The two companies merge to form one surviving public company with stock in public hands and substantial assets and business. This is called a reverse merger because the smaller public company is acquiring the larger private company. In an ordinary merger, the larger company usually acquires the smaller company.
Step by Step
You decide now to go public with an OTC shell in a reverse merger
You locate a clean public shell and negotiate with the seller
You sign a purchase agreement
Due diligence and accounting statements are prepared
Merger documents are prepared and the merger is consummated
The new company files with the SEC and NASD
If FFGO was to come out a say that western holds nothing else then ok, but I do not recall then ever stating that Western does not hold any other assets. Anyway, there is way to much ambiguity in all the 8k's issued by the company, and very little clear follow up info. When I look at all the PR's 8-k's etc. over the past 5 or 6 years it creates confusion, especially when the same stuff seams to be repeated and re-repeated at times. So I'm left with out a clear picture of what FFGO owns and what it does not. One thing for sure is that FFGO has had it's fingers in a lot of pies.
When I finally get my head wrapped around the whole business then I'll have done my DD. Until then, I choose to keep a positive view on the possibilities. Besides, as long as i own shares it can hurt to find out as much as i can.
JMHO
Varmit,
I'm on your side and I'm digging to find out all the goods to. Check out this PR from way back when. I don't know if that deal was ever finalized since HGLC went down.
I'll keep looking.
2007 (BUSINESS WIRE) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms the details of its disposal of the three Gold Mining Exploration Companies, to Hunt Gold Corporation (PINKSHEETS: HGLC).
BRIEF SUMMARY :-
- Sentinel Resource Holdings plc, Ambassador Gold Holdings plc and
Golden Eagle Mining Holdings disposed of to Hunt Gold Corporation
(PINKSHEETS : HGLC)
- Fortress Financial Group, Inc. receives 483,750,099 shares of Hunt
Gold Corporation Common Stock, representing 48% of the outstanding
stock in Hunt Gold Corporation.
- Fortress Financial Group, Inc. (formerly Great West Gold, Inc.)
stockholders, who were eligible for the Stock Dividends in December
2005 and in January 2006, receive 407,250,000 shares of Hunt Gold
Corporation Common Stock.
DETAILED ANALYSIS OF TRANSACTIONS :-
1. Hunt Gold Corporation is acquiring the entire Issued Share
Capital of Sentinel Resource Holdings plc ("Sentinel"), being
2,200,000,000 Ordinary Shares of 1p each from Fortress Financial
Group, Inc. (being the majority stockholder, through its wholly
owned Investment Company, Western Diversified Mining Resources,
Inc.) and the other stockholders of Sentinel.
Sentinel, through its wholly owned subsidiary company, owns the
rights to the "Mockingbird" Gold Exploration properties.
Hunt Gold Corporation will be issuing 1 share of its Common Stock
for every 4 Ordinary Shares of 1p, in Sentinel.
Hunt Gold Corporation will be issuing an amount of 550,000,000
shares of its Common Stock to acquire 100% of Sentinel.
These shares are being issued as follows:-
268,750,055 shares of Hunt Gold Corporation Common Stock to
Western Diversified Mining Resources, Inc. (a wholly owned
Investment Company of Fortress Financial Group, Inc.)
54,999,945 shares of Hunt Gold Corporation Common Stock to
Searchlight Exploration, LLC, the Mining Partner to Sentinel and
beneficiary of royalties on future mining production.
226,250,000 shares of Hunt Gold Corporation Common Stock to other
minority stockholders of Sentinel, these being beneficiaries of a
Stock Dividend paid by Fortress Financial Group, Inc. (formerly
Great West Gold, Inc.) to its stockholders, those being eligible
on that Stock Dividend Record Date, being November 14, 2005.
2. Hunt Gold Corporation is acquiring the entire Issued Share
Capital of Ambassador Gold Holdings plc ("Ambassador"), being the
2,200,000,000 Ordinary Shares of 1p; from Fortress Financial
Group, Inc. (being the majority stockholder, through its wholly
owned Investment Company, Western Diversified Mining Resources,
Inc.) and the other stockholders of Ambassador.
Ambassador, through its wholly owned subsidiary company, owns the
rights to the "Ambassador" Gold Exploration properties.
Hunt Gold Corporation will be issuing 1 share of its Common Stock
for every 10 Ordinary Shares of 1p, in Ambassador.
Hunt Gold Corporation will be issuing an amount of 220,000,000
shares of its Common Stock to acquire 100% of Ambassador.
These shares are being issued as follows:-
107,500,022 shares of Hunt Gold Corporation Common Stock to
Western Diversified Mining Resources, Inc. (a wholly owned
Investment Company of Fortress Financial Group, Inc.)
21,999,978 shares of Hunt Gold Corporation Common Stock to
Searchlight Exploration, LLC, the Mining Partner to Ambassador
and beneficiary of royalties on future mining production.
90,500,000 shares of Hunt Gold Corporation Common Stock to other
minority stockholders of Ambassador, these being beneficiaries of
a Stock Dividend paid by Fortress Financial Group, Inc. (formerly
Great West Gold, Inc.) to its stockholders, those being eligible
on that Stock Dividend Record Date, being January 2, 2006.
3. Hunt Gold Corporation is acquiring the entire Issued Share
Capital of Golden Eagle Mining Holdings plc ("Golden"), being the
2,200,000,000 Ordinary Shares of 1p; from Fortress Financial
Group, Inc. (being the majority stockholder, through its wholly
owned Investment Company, Western Diversified Mining Resources,
Inc.) and the other stockholders of Golden.
Golden, through its wholly owned subsidiary company, owns the
rights to the "Golden Eagle" Gold Exploration properties.
Hunt Gold Corporation will be issuing 1 share of its Common Stock
for every 10 Ordinary Shares of 1p, in Golden.
Hunt Gold Corporation will be issuing an amount of 220,000,000
shares of its Common Stock to acquire 100% of Golden.
These shares are being issued as follows:-
107,500,022 shares of Hunt Gold Corporation Common Stock to
Western Diversified Mining Resources, Inc. (a wholly owned
Investment Company of Fortress Financial Group, Inc.)
21,999,978 shares of Hunt Gold Corporation Common Stock to
Searchlight Exploration, LLC, the Mining Partner to Golden and
beneficiary of royalties on future mining production.
90,500,000 shares of Hunt Gold Corporation Common Stock to other
minority stockholders of Golden, these being beneficiaries of a
Stock Dividend paid by Fortress Financial Group, Inc. (formerly
Great West Gold, Inc.) to its stockholders, those being eligible
on that Stock Dividend Record Date, being January 4, 2006.
The total amount of Hunt Gold Corporation shares of its Common Stock being issued; to acquire Sentinel, Ambassador and Golden is in the amount of 990,000,000.
Fortress Financial Group, Inc. (through its wholly owned Investment Company, Western Diversified Mining Resources, Inc.) will control an amount of 483,750,099 shares of Hunt Gold Corporation Common Stock, equating to approximately 48% of Hunt Gold Corporation's shares of Common Stock.
Fortress Financial Group, Inc. does not intend to retain all of its stock in Hunt Gold Corporation and intends to distribute the majority of its stockholding in that Company, to Fortress Financial Group, Inc. stockholders, as a special Stock Dividend, in the near future. Stockholders will be advised accordingly.
Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) stockholders who were eligible for Stock Dividends in Sentinel (November 14, 2005), Ambassador (January 2, 2006) and Golden (January 4, 2006), will be receiving a total amount of 407,250,000 shares of Hunt Gold Corporation Common Stock.
All of these terms and conditions have been agreed upon by all of the parties and are effective as of today. This will be the Effective Date, upon which date the shares in Sentinel, Ambassador and Golden are exchanged for shares of Hunt Gold Corporation Common Stock.
Within three business days, from the Effective Date, the Stock Transfer Agent to Hunt Gold Corporation will issue the shares of the Company's stock to all of the stockholders of Sentinel, Ambassador and Golden. All stockholders will then be notified, in writing, by the Transfer Agent, as to the amount of stock that they hold in Hunt Gold Corporation.
The current Board of Directors, of Hunt Gold Corporation, will be resigning within three business days from the Effective Date. The details of the incoming Board of Directors, of Hunt Gold Corporation, will be announced shortly. Hunt Gold Corporation is preparing a new Corporate and Investor Relations web site, www.huntgoldcorp.com and it is expected that this will be launched shortly.
Hunt Gold Corporation effected a "Reverse Split" of its outstanding stock on a 3,000 for 1 basis, which was from Friday November 30, 2007. Hunt Gold Corporation now has an amount of 138,147 outstanding shares of its Common Stock. An amount of 58,616 of these outstanding shares are "free trading" and not restricted. This amount of outstanding shares in Hunt Gold Corporation will be increased by the Company's issue of its shares of Common Stock to acquire the entire Issued Share Capital of Sentinel, Ambassador and Golden. All of the stock in Hunt Gold Corporation, held by Fortress Financial Group, Inc. (through its wholly owned Investment Company, Western Diversified Mining Resources, Inc.), as well as other stockholders that are classed as "Affiliates" and "Insiders" will receive restricted shares of Hunt Gold Corporation Common Stock. These restrictions are in force for a period of two years from the date of issue by Hunt Gold Corporation.
These stock restrictions do not apply to the other stockholders in Golden, Sentinel and in Ambassador as they are neither affiliates nor insiders of Hunt Gold Corporation. They have held their stock in Golden, Ambassador and Sentinel for a period of two years, as the Stock Dividends were paid to them by Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) two years ago, being in December, 2005 and in January, 2006.
Fortress Financial Group, Inc. continues to hold the majority interest in the "Bouse" and "South Copperstone" Gold Mining Exploration properties and expects to dispose of these interests, shortly, to a quoted Gold Mining & Exploration Company. Stockholders will be briefed, shortly, in respect of this transaction. This is an unrelated transaction to that of Hunt Gold Corporation.
Varmit,
Scratch Moneyworx, inc. and Fortress Card Solutions inc. both subsidiaries were written off as per an 8K back in 2008.
Good Morning Vianna,
Don't know if you saw may posts from yesterday evening or not. In case not, don't worry about me I'm stll holding strong, as I've told you before I'm in for the long haul. Although, if FFGO makes a nice run before the record date I might re-consider, I could stand to free up some cash. If not, We'll see what happens down the road.
BTW, I can no longer use my personal e-mail during the day, I'm behind a fire wall now at work.
Dich
Indeed he does..and very enthusiastic too!!
Vianna,
FYI..I'm holding strong..but a nice run might convince me to sell off a few million just to make myself whole.
waiting to see.
Varmit,
Keep digging...and you might find the golden egg!
I hope you do, I do think there is more to come with FFGO..if nothing else it should either be a very exciting ride..lol or a very boring one. either way, Lets hope share holders get a few scraps along the way.
Rock on FFGO!!
Varmit,
All I really know is what has been reported by the company. They have stated that once their gold interests have been sold and the divvy distributed then they will no longer hold any assets and the company will become dormant. They qualified that with statements which leave the door open for other corporate actions, but nothing has been indicated.
The problem I have with all that is this. We know based on prior filings, PR's Emails etc. that FFGO is the corporate parent of at least two wholly owned subsidiaries. Nothing has ever been stated about those companies being sold off or dissolved. We have Western Diversified Mining Resources, Inc. or is it Western Diversified Mining Resource Holdings plc (apparently two different companies owned by Lumb), Unitrust Capital S.A. Group, and then there is Moneyworx inc.
There have been a lot of deals outlined in 8-k's about acquisitions of other interests and it would seem that all those purchases have been shuffled off to these other subsidiary companies. Other wise, where are they now?
I read on another forum about the possibility that FFGO subsidiaries could amount to FFGO being worth some where in the neighborhood of .15 to .25 per share.
In truth, I don't know how much any of it might be worth if any at all.
Anyway, I find it interesting spending a little bit of time looking into the possibilities.
As always anything I have said is is just my speculation and or opinion...
Thanks Puppy, Don't take this the wrong way, but I really hope your wrong.
By the way..in case anyone is wondering why I posted about ancient history of FFGO it's simple....I am just trying to determine if there is any potinetial future value for this POS. As things are, it still stands that we might get this restricted share div. which may or may not be worth anything. Other than that, it appears dead. So if there is a hidden honey pot in the mix, as some have speculated in the past, then, I want to know about it before I try to sell off my shares if I can.
Anyone have insight from their DD?
Thanks
Is it? it may be, but, how do you know this?
I have pasted a press release from "Great West Gold" from back in 2007, in it announces the completed acquisition of Unitrust Capital S.A. Group". According to another site, Western Diversified Mining Resources, Inc. operates as a subsidiary of Unitrust Capital S.A. In the press release it states that certain assets have been moved to two separate private companies. One we know is Western. What is the name of the other??? What other assets are they sitting on?? Is there a hidden value in FFGO that none of us realize simply because of the maze of companies that seem to be involved here? There seems to be a whole lot of stuff not meeting the eye right now. I mean look back through the 8ks of great west..Theres all kinds of acquisitions that supposedly were completed but are nowhere to be found at FFGO. What is FFGO sitting on that me as a shareholder will or could benefit from if FFGO does a reverse merger with one of their wholly owned subsidiaries???
GroupGreat West Gold, Inc. -- Completion of Acquisition
Company Completes Acquisition and Restructures Its Stock
NEW YORK, May 3, 2007 (GLOBE NEWSWIRE) -- Great West Gold, Inc. (Pink Sheets:GWGO) announced on May 2, 2007 that it had acquired the Unitrust Capital S.A. Group, subject to the completion of certain legal formalities; this company being engaged in the issue of and the marketing of prepaid debit and credit cards. This Company is also engaged in various payment solution enterprises. This acquisition has now been completed.
Great West Gold, Inc. in the processing of changing its name to that of Fortress Financial Group, Inc. with immediate effect. and will be obtaining a new CUSIP Number and Trading Symbol. Stockholders will be advised accordingly.
The Company, will, with immediate effect, now be exclusively focusing on its recently acquired Payment Solutions business.
The Company had stated that it was reviewing its share capital structure. It has been decided that in order to restore credibility, for the Company, to substantially reduce the substantial "float"; a "roll back" of the outstanding shares of Common Stock was imperative. The Company has therefore filed its Notice of this Reverse Split with the NASD, it will be effective for Stockholders of Record on May 10, 2007 and the Payment Date is May 14, 2007, the ratio of this Reverse Split is on the basis of 1 for 2,000. The Company intends that it will no longer trade as a "sub penny stock", this in our opinion, has proven to be of little use nor benefit, to our stockholders. This Reverse Split will be effective prior to the Company trading under its new name and Trading Symbol.
A completing new corporate web site is being completed; it will be available to stockholders next week. This web site will focus exclusively on the Company's new business whilst retaining details on the Mining portfolio. Please be advised that corporate E Mail and contact address will be changed on or before that date, being May 14, 2007. Stockholders will be kept advised. The new Management team will be announced on that new corporate web site. Mr. Peter J. Bezzano, the President of the Company, will remain as the Company's President. Mr. Peter J. Bezzano's experience as a practicing British Solicitor will bring his considerable legal, negotiating and commercial skills to the new Company.
Mr. Peter J. Bezzano, the President of the Company has stated that he considers this acquisition to be a very exciting and dynamic challenge for the Company; and needless to say, will be a very positive deal for the Company. After a year of research, it has been enormously gratifying to have secured a highly efficient, superbly managed prepaid debit and credit card programe, backed marketed and managed by a substantial world class organization.
Mr. Peter J. Bezzano stated that the exhaustive and very successful due diligence conducted upon the Company and its products; resulted in our being convinced that we have now secured a product that is flawless in its execution and in respect of the level of support provided by its Issuers. He is particularly gratified by its low cost overhead structure, the operations being based in a very low cost, yet first class, jurisdiction. The use of Internet marketing to acquire customers is of enormous benefit, given the cost savings in the use of Internet, when compared with the huge costs associated with that of traditional marketing campaigns.
The benefits to our Company are innumerable, the monthly recurring income stream, access to the global market, the ability to offer these unique offshore card products, the day to day interface with world class management. Perhaps most importantly, the positioning of the Company in one of the fastest growing market sectors in the world, with the possibility of synergistic links with other financial service providers, and globally. The ability to drive our growth through the Internet, offer enormous challenges, it is our intention to grow and expand upon what is in our opinion, a very successful entrenched marketing model.
I must stress that stockholders will not in any way, be prejudiced by this restructure of the Company, as indeed, the Company's Mining Portfolio continues to hold a very significant value for the Company and upon our realization of its true value, even further benefits will accrue to our loyal and supportive stockholders.
The mining exploration companies controlled by Great West Gold, Inc. will remain as Company assets until they are distributed to stockholders, in full. It is intended that these assets be placed in two separate quoted companies under independent and experienced mining management teams. The Mining Assets in question, are : Great West Gold, Inc.'s stockholding in : Bouse Mining Holdings plc, Ambassador Gold Holdings plc, Golden Eagle Mining Holdings plc, Sentinel Resource Holdings plc, Copperstone Mining Holdings plc; and the "Bonanza" Gold Project, the only wholly owned company of Great West Gold, Inc.
The Company can confirm that the "Bouse", "South Copperstone" and the "Golden Eagle" Mining Exploration Projects are being transferred into a separate Company. The Company has now appointed management to this Company.
Furthermore, the "Mockingbird", "Ambassador" and the "Bonanza" Mining Exploration Projects are being transferred into a second separate Company. Management for this Company has not as yet, been agreed upon.
"Bouse", "Mockingbird", "South Copperstone", "Ambassador" and "Golden Eagle" are controlled by the new company but have significant outside stockholders though previous stock dividend distributions to Great West Gold, Inc. stockholders.
In the interim, these Mining assets will be retained as "portfolio" assets on the Company's books.
The stock and interests in the above-mentioned mentioned six Mining Exploration Projects will be distributed in full, to eligible Great West Gold, Inc. stockholders. No stock issued pursuant, and pertaining to the acquisition of the Unitrust Capital S.A acquisition, will be eligible for these Stock Dividend distributions of the Company's Mining portfolio.
Great West Gold, Inc. has relinquished its interests in the below-mentioned Mining Projects and cancelled the corresponding Convertible Loan Notes and debt associated therewith, thereby leaving the Company completely debt free, as follows :-
"Treasure Kingdom", "Monstro Verde", "Copper Mountain Mining", "Yaba" "Storm Cloud", ""Starlight", "Venezia", "Federal", "Buffalo Lime Cap", "Red Cloud", "Gladstone Lookout", "Copper Mountain", "Swansea", "Tip Top" and "Mineral Mountain".
The Company will continue to distribute the outstanding dividends to eligible Great West Gold, Inc. stockholders, a process to be managed "in house" with immediate effect, and not by Computershare Trust Company, Inc. All enquiries in the respect are to be directed to angela@greatwestgold.com.
As previously stated, the Company is now appointing a new Auditor; this is a condition of the acquisition of the Unitrust Capital S.A. Group. This will result in outstanding filings being brought up to date; and hopefully see a speedy return to the OTC BB Market. This process is being overseen by the incoming management, who will appoint an auditor of their choice.
About Great West Gold, Inc.
Great West Gold, Inc., www.greatwestgold.com, was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company now retains these Gold Mining Exploration interests as portfolio assets. In and during May of 2007, the Company will effect a name and Trading Symbol change to that of Fortress Financial Group, Inc. and will then, be solely engaged in the issuing and marketing of prepaid debit and credit cards, on a global basis; as well offering various other payment solutions. The Company will from May 10, 2007, be operating from a new, more pertinent corporate web site, reflecting the Company's change in the nature of its business.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
CONTACT: Great West Gold, Inc.
investor@greatwestgold.com
+ 44 845 127 4051
Metals and Mining
Western Diversified Mining Resources, Inc.
SnapshotPeople Company Overview
Western Diversified Mining Resources, Inc. holds stakes in Bouse Mining Holdings plc, Ambassador Gold Holdings plc, Copperstone Mining Holdings plc, Golden Eagle Mining Holdings plc, and Sentinel Resource Holdings plc. These companies provide gold and copper, exploration and mining services. Western Diversified Mining Resources, Inc. is based in London, the United Kingdom. Western Diversified Mining Resources, Inc. operates as a subsidiary of Unitrust Capital S.A. Group.
44 Molyneux Street
London, W1H 5JD
United Kingdom
Phone:
44 20 7016 7793
Fax:
44 20 7900 6723
Key Executives
Western Diversified Mining Resources, Inc. does not have any Key Executives recorded.
Recent Private Companies Transactions
Type
Date Target
Merger/Acquisition
August 11, 2010 Copperstone Mining Limited
Merger/Acquisition
August 11, 2010 Bouse Mining Holdings plc
Merger/Acquisition
December 9, 2009 46.8% of Copperstone Mining Limited and 18.6% of Bouse Mining Holdings plc
So no one has any input on my question...I'm not suprised, but I would have thought that the longs here would be clammoring about this since they are the ones thaat stand to benifit or be scr#$@d.
Yes, I think..I'm not a long, but if I'm correct. The divy to FFGO shareholders at that time was to recieve shares in both gold companies, but they never recieved them, and ever since FFGO has reported that they have the list of share holders of record on file. They are now suposed to recieved the old div, plus a div for current holdings of FFGO if they still have any. I'm just curious if there has been any actiiviity along those lines.
Has any of the longs that FFGO reported to be holding shares of Bouse and S. Copperstone for been contacted by NMGL for the purchase of their holdings? I'm guessing not.
I believe several 8ks stated that the buyer was going to purchase thise shares as well.
Just curious if anyone knows anything new on this.
Good Morning Vianna, long time no see. I'm still here watching the posts but dont have alot of time to add my .0002 cents. Hope we get the record day set soon.
GLTA!!!
I guess you can prove that by calling the BLM or the FBI or the CIA or the USDA or some one else!!
Go for it.
Newbies!! Beware!!! Do your own DD. Some of our concerned posters love to spin words that have nothing to do with the deal..for example...Mr. Fire lane just stated..
FFGO OWNS NO GOLD MINING CLAIMS AT ALL
this has been proven and confirmed with the BLM
LOL..I do believe that was the idea... :)
Good Morning Vianna!! I've been away for a while. Hope you have been well.
AlanC, Good morning to you as well, I wanted to throw another possibility at you..After the "penny+ divi" FFGO will own zero assets, nothing, nadda. zip..thats all folks....So where is the value then???...wellll according to what I have heard, they will then be in a position to reverse merg with their private "wholly owned sibsidiary" mystery company...which is believed by some to be worth a lot of $$$. If that is at all true, coupled with a reverse split of their common stock...FFGO would then be in a position to get current with the SEC and re-apply to the OTCBB..which they have stated in prior 8k's not so long ago as something they were going to do.. So it may well turn out that holding on to your shares after the divi would be a smart thing.... anyway..I heard this some where a month or so ago. It may be simply a very far fetched opinion, or maybe.......$$
JMHO
Dich
GO FFGO!!!
No..if you currently own shares or buy in now then you will get the Div. just dont sell till after the x date.
Stockholders of Fortress Financial Group, Inc common stock will also receive a dividend over and above the historical dividends that have already been allocated as outlined in the company's 8K finiling dated April 23, 2010.
Alot of DD has been done on FFGO, I would ask that you look at te Ibox, and also look at posts from Texan77 there is alot of info from him that provides some property valuation..as to it being factual or not is soley based on how you hold the sources... I have done my own est. of the dividend and have come up with a possible value of .009 + per share. That might be a wild quess but the numbers seem to work based on the information available...Vianna our Mod is another valuable source of ino.
Thanks for playing
Dich
YEEEHAAA!!!!!! and I hope it is in 3-D...I kept my glasses from when I saw Avatar..lol
GO FFGO!!!
Hey texan...lol...I see you have attracted all the finest of IHUB LOL..The Billion $$$ Question..is NMGLE the one we have been looking for??
Mr. L is a long time friend and business associate of Mr. Lumb...and you can bet that they want as much of the div proceeds to go no where else but in their own pockets. The tiny bit of shares we hold is nothing compared to the billions they are bank rolling for themselves. They are in the business for no other reason than to make money, and money is exactly what they are going to make when this deal closes. and so will we.
IMHO!!.
.009/.012 CASH!!! Go FFGO!!!!!
Why yes...I did see that...hence why I put reverse merger in my last post....and if it should happen our shares will be worth alot in the future..of course I would expect to se and RS at some point. So I might just hang onto mine after the div.
A pretty good assessment of the perceived facts. So based on your assessment 12 positive 7 negative..you have a 58% buy...
Go FFGO
This is only my opinion of course, but you may want to consider that the company has as much as said in PR's that the PPS would be adjusted proportionally to the current price of gold. Many here including myself believe it will be much much more than .0035. (.009/.012) some have speculated even higher. (Lotto play??)
Also, after the company is trading post div. They state that they will have no assets what so ever, so look for new corporate actions that could/should have a positive effect on the PPS. This could be new acquisitions, or a reverse merger.
Dich
This post by Colorado5 back is May is very intersting.
Posted by: Colorado5 Date: Tuesday, May 18, 2010 1:24:36 PM
In reply to: Colorado5 who wrote msg# 121136 Post # of 133289
A blast from the past, 6 months ago. Does any of this mean anything? jmo.eom.
Posted by: gertrudegold Member Level Date: Thursday, November 12, 2009 12:17:38 AM
In reply to: AKFish who wrote msg# 80186 Post # of 121198 Send a link via email Share on Facebook Tweet this post
HURASU - I HOPE THAT YOU ARE WRONG! We looked into that deal filed by Fortress. That Hurasu Shell is DEAD. There is no value in that, I think? Ron Lowenthal was President of Hurasu. He is now President and IS THE Head Honcho of Lumb's New Gold Fund. He is, by the way, a very serious guy. Lumb's Mentor for years, only voice of reason in Lumb deals, when we acted for Lumb. I hope that I am right and that he is going to run all Lumb Mining
operations through this new Fund.If I am right, then Hurasu is dead, is is very strange that Fortress has not denied (on filings) that the Hurasu deal is dead. That is why one must remain very careful here until actual facts emerge. I do not see any value in a deal with this Hurasu, I may be wrong but that is the way that I see things. I am out of the loop (on Lum deals) for a while but Leopards do not change their spots. Lumb trusts Lowenthal like nobody else, it makes sense to consolidate his Mining interests under Lowenthal in that Fund. Why would Lowenthal head up the Fund & this Hurasu? No sense in that. Seriously, I hope that you are wrong here. Lumb may have moved on from Fortress & this Hurasu deal could be alive without Lowenthal & Lumb, God forbid.
Posted by: gertrudegold Member Level Date: Thursday, November 12, 2009 1:08:59 AM
In reply to: Colorado5 who wrote msg# 80189 Post # of 121200 Send a link via email Share on Facebook Tweet this post
I really do not have any insight of these old Dividends, to be honest I am looking at this as Value Play because of Stephen Lumb involvement. The price of Gold has changed the dynamics, a lot of "dead" stocks may suddenly be next plays. Knowing the scale of Lumb deals, this is small change but he may be interested in Bouse, it is valuable, not so sure about this Copperstone project. FACT : He is consolidating Mining interests in a new Fund. FACT : He has stated that he is only pursuing Private Equity & Leveraged Deals from now on and delegating Mining interests. FACT : He has an historical interest (maybe control) of Fortress. The Gold Fund is going to be worth billions, of that I am very sure (I cannot elaborate of that, sorry). No merger here, LOL. However, why would his Gold Fund not buy Bouse if he has an interest here? BE CAREFUL, he is shrewd, his Advisors are sharp, he will not overpay unless he sees value, I do see value here (and I worked for his principal Advisors), they MUST have told him that Bouse needs to be addressed, by now. He is ruthless but actually not unfair and very dispassionate, that may be a huge shock to you guys, he seems to be your pet hate from what I have read. In all seriousness, these comments (if he even knew!) would not affect his business logic, he is realistic (BUT I am VERY bemused by this Company's history, not Lumb logic at all, seems very weird to me having worked on the guy's deals but then my Firm never worked on Fortress for him, far too very small, it is almost as though he wanted to use this Company as some sort of financial services vehicle). Anyway, lets focus on toda! Is this stock a value play? Looks like it is. My opinion is (a) Find out outstanding stock number b) What stake does Fortress hold in Bouse (c) What is that stake worth d) Does Lumb plan to get his hands on it. Get the answers to those questions, we may have a Value Play here. No filings by this Company are very unhelpful and bloody irritating but remember that it may be deliberate, definitely not ethical, if that is the case. Do not let him steal this asset, force some sort of disclosure by this Company (Bezzano is an Attorney, he will not like lawsuits with his name attached). Lumb will hate that (He will scream & threaten) but he will be advised to up his bid, he will follow that advice; if there is a bid on the table.
Posted by: gertrudegold Member Level Date: Friday, November 20, 2009 12:59:54 PM
In reply to: muaythai who wrote msg# 81407 Post # of 121201 Send a link via email Share on Facebook Tweet this post
MUAYTHAI - It seems that Lumb is doing exactly what you claim that he is not. He appears to be consolidating
all of his Mining Interests in this new Gold Fund, North American Gold & Minerals Fund (NMGL). And no, I am not PR, never was. I am in Corporate Finance Advisory work in London
.
FFGO - 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".
I'm curious as to if this actually means a reverse merger with their "Wholly owned subsidiary" mystery "Gold MIne" Company that the speaker of that POD cast Alan C posted was talking about??
Any thoughts?
I'm sure our concerned citizens will chime in with their paternal guidance.
FFGO - I've been very curious about that my self. BTY you could have used that 2 cents to by 200 more shares!! LOL
GL
Good Morning Vianna,
I agree with the others, you have done a great job, and I know you will continue to do so until the end. Have a wonderful 4th!
Keeping my fingers crossed.
Dich
What changed in this ammendment?