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shares are thinning, look at those 999999. no more rounded lots
holy on the volume. every second there's a trade, nearly. it's rampant. 265m and counting.
did we kill off any MMs with the volume today?
confirmed sale of moly asset as per HGLC. no price stated but proceeds to be applied to stock buyback immediately per the 2nd PR today HGLC. this means FFGO has tons of cash.
here is the 8K filing listing the cancellation of shares and how much Hunt shares FFGO owns. As of the filing, FFGO directly owns 1,363,588,873 and indirectly 483,750,099. It's about 1.65b shares of Hunt FFGO owns.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6038832
they have the cash to do so. we should get a PR shortly per the HGLC PR.
i'd expect after HGLC runs and cools off, those who have cash will jump into this run and ride it up. hope for spectacular run. all IMHO.
think it's just a matter of time before FFGO puts out a FFGO PR about share buyback and the disposition of HGLC shares, how much they received, and how that cash may play in any buyback strategy.
wow, HGLC has given FFGO more equity for the buy back. yippy!
anyone have depth/Level II?
morning all
I only see 219m shares traded as of now. weird.
posting a PR from June. It says no RS, and could easily spend $25m for the buyback.
NEW YORK, NY--(MARKET WIRE)--Jun 12, 2008 -- Fortress Financial Group, Inc. (Other OTC:FFGO.PK - News) confirms that all acquisitions being negotiated by the Company have now been finalized.
ADVERTISEMENT
The Management of the Company has resolved to commence a share buyback, in the initial amount of US$5 million with the aim of reducing the Company's outstanding shares by as much as 30% in the next two months. This will commence upon the announcement of the Company's acquisitions, as previously outlined in various announcements by the Company. Stockholders will be notified weekly as to the amount of shares of the Company's Common Stock repurchased; through the Company filings with the SEC.
The share buyback will be financed through the utilization of the Company's substantial Gold Mining investment portfolio.
It is extremely likely that the scale of this share buyback programme will be substantially increased in light of the Company's Management decision that the Company trading as a "Sub penny" or "Penny" stock is not in the best interests of the Company. Management has ruled out any Reverse Split whatsoever of the Company's stock, as it has proven to be prejudicial to stockholders. The Company can easily expend an additional amount of US$20 million on this buyback given that its quoted share portfolio is currently valued at US$53 million with another US$800 million being raised through the exchange of its interests in its "Bouse" and "South Copperstone" Gold Mining & Exploration interests for quoted shares; in and during this month.
The Company took a decision not to complete and announce these acquisitions until such time as all outstanding issues such as the distribution of Hunt Gold Corporation Stock Dividends had been completed. It was decided that the company needed a "fresh start" and to be unencumbered by past issues which were harmful and prejudicial to the Company on a going forward basis.
The Company has been advised by its Professional Advisors that these outstanding issues will be resolved within days.
The "first round" of these acquisitions, which will cement the "Company's base" in the Consumer Finance Sector; will be announced along with the various filings with the SEC; very shortly. The Company has completed and finalized all of its planned acquisitions. The Company apologizies to its stockholders for delaying these completions and announcements; but Management was firmly of the opinion that these past issues needed to be laid to rest in order for the Company to proceed in a strong and positive manner; given that a substantial number of new Executives and stockholders would be joining the Company through these acquisitions.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. Upon the closure of the Trinity Mercantile Finance and the Mortgage Bank acquisitions; Fortress Financial Group, Inc. will expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage Division" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing is substantial Balance Sheet of circa US$1billion comprised of quoted and unquoted Gold Mining & Exploration stocks; to aggressively fund a large number of acquisitions in the consumer financial services sector; initially focused on the Mortgage Lending and Banking sector.
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:
Contact:
Fortress Financial Group, Inc.
Alan Santini
Chief Executive Officer
Email Contact
Tel: (954) 840-6961
Source: Fortress Financial Group, Inc.
112m shares traded so far, 1 hr into. see if we will break the 544m shares traded recently.
cmkx not a good stock. hope ffgo isn't associated with it in anyway.
bought 9.3m shares.
thanks. haven't gotten my shares yet. I think so too. just wondering why so many shares moved and we still not moving.
think i'll be getting into this one early monday. i think hunt will run, lots of activity on that board, before this one though. my thoughts.
Ronnie, good seeing you here. seeing you and taki here, this thing will blast off.
i'm new here as well. continue to consolidate at 0.0001 i think.
that is true. cheaper for the company. but if they are not buying on the open market. they are using hunt shares and restricted shares, per the PR.
not having a bid is not unreal in pinkland. however, what i don't get is someone is selling at a loss. how else could someone buy to sell at 0.0001 for a profit? NNS as mentioned by many here. I'd like to know details of the restricted shares and what they plan to do with Hunt. They have lots of shares of hunt which they are using for this buyback.
new to board. just read the PR from yesterday and looked into pinksheets.com for info. the company is valuing their shares at 1.42 cents? Why is it at 0.0001? the company and its subsidiary are the companies that is mentioned in Hunt's "activist"?
Who keeps on painting EOD?
is it correct that as of the june 24 08 filing there are only 25m common shares issued and outstanding? if so, why is the stock price so low? something doesn't sound right.
24-Jun-2008
Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in
Fiscal Year.
On May 14, 2008, Cross Atlantic Commodities, Inc., a Nevada corporation (the "Company"), had filed a Certificate of Amendment (the "Amendment") to the Company's Certificate of Incorporation with the Secretary of State of the State of Nevada. In the Amendment, the Company's authorized Common Stock was erroneously increased from 200 million (200,000,000) shares to 4.9 billion (4,900,000,000) shares and the par value per share was changed from $0.01 per share to $0.0001 per share. Additionally, the "Effective Date of Filing" was erroneously declared as "immediately." Notwithstanding, the authorization of 20 million (20,000,000) shares of Preferred Stock with no par value per share, was correctly stated. However, the Amendment erroneously omitted the declaration that, pursuant to the relevant provisions of the Nevada Revised Statutes, the Board of Directors of the Company shall have the right to designate and issue one or more series of the Preferred Stock with all rights and privileges as determined by the Board by filing one or more Certificates of Designation with the Secretary of State of the State of Nevada.
On June 24, 2008, the Company filed a Certificate of Correction with the Secretary of State of the State of Nevada therein revising the Amendment. In the Certificate of Correction, the number of authorized shares of Common Stock was increased from 200 million (200,000,000) to 1.0 billion (1,000,000,000) and the par value of the Common Stock was changed from $0.01 per share to $0.0001 per share, effective on July 14, 2008. The Company also added the declaration regarding its authorization of no par value Preferred Shares, that pursuant to the relevant provisions of the Nevada Revised Statutes, the Board of Directors of the Company shall have the right to designate and issue one or more series of the Preferred Stock with all rights and privileges as determined by the Board by filing one or more Certificates of Designation with the Secretary of State of the State of Nevada. All of the remaining terms of the Certificate of Incorporation and the Amendment remain in full force and effect.
As of the date of filing this Current Report on Form 8-K, there are 25,354,340 and 0 shares of Common Stock and Preferred Stock, respectively, issued and outstanding.
The amendment was approved by the Company's Board of Directors on April 22, 2008. The Certificate of Correction was approved by the Company's Board of Directors on June 10, 2008
In connection with the above-referenced Amendment to the Company's Certificate of Incorporation, on June 12, 2008, the Company filed a Preliminary Information Statement on Schedule 14C pursuant to Section 14(c) of the Securities Exchange Act of 1934, as amended. The Company filed a Definitive Information Statement with the SEC on June 23, 2008 and commenced mailing such Definitive Information Statement to the Company's stockholders on June 23, 2008.
are we moving yet?
i dont' know if it is a gbdx PR or not, what i posted was just a translation of astro's post earlier today.
Thought english would make more sense to most people, including myself.
translating astro's post on google:
Even more than the gold sector, which is strongly correlated, the diamond depends to 95% of the luxury industry industrial applications using the majority of diamond synthesis.
Diamonds are forever ...
You may be wondering why focus on a sector synonymous with opulence at a time of global slowdown announced. There are several arguments for this.
First, demand from emerging markets. The three-year bull rally that we have experienced have generated a wealth and an abundance of liquidity unprecedented.
The Forbes ranking of billionaires shows again this year, they are still more numerous. The demand for this product luxury is not about to disappear: they are the middle classes who face its economic downturn, not the nouveaux riches whose fortune is already made.
A global market growth of 5% per annum
To draw the stakes, know that according to 2005 figures, the diamond market for sale (jewelry) was estimated at 64 billion dollars annually.
China was the 4th World buyer, with 1.25 billion dollars a year. But his demand will triple by 2010! Without you talk about India ... nor Russia, nor the Middle East.
Traditionally, the U.S. alone accounted for half the global demand for jewellery. The sector has been impacted by the difficulties of subprime but today the situation has changed. According to the CEO of De Beers, the No. 1 World Diamond Council, demand from emerging markets is already able to compensate, the excess, the decline in U.S. demand.
The global market for diamond jewellery should grow at least 5% each year!
The diamond, the neo-billionaires love ...
It is a rare jewel, marking a sign of wealth, a safe investment (more than gold), a refuge against inflation ... and a "safe" little cumbersome.
The financial world looks to turn on the "magic stone". A sign that does not deceive: Several projects are under way to build a derivatives market on the diamond.
En route to the diamond peak?
It must be said that, along with a constant increase in demand, supply is under pressure. We find this fundamental mechanisms of a market for raw materials. The world reserves of natural pure carbon are limited; resources dwindle.
According to analysts, major diamond mines could find their peak over the next twenty years. This is the case in South Africa, the 5th largest producer by volume, and 2nd in value, which compresses its mining production.
Of course, the alternative offered by the synthetic diamond removes almost any utility natural diamond ... but its exchange value is unbeatable and attracts investors.
Four countries are 80% of production
The diamond has always clear charrié echoes opaque: power, corruption, trafficking ... and cartels. Today, four countries share nearly 80% of world production in Russia, Botswana, Australia and China. In value terms, is Botswana, Russia, Canada, Angola and South Africa who are in the lead.
Three groups alone account for three quarters of this production: the South African giant De Beers (half of world production in value terms), the Russian Alrosa (state company, of course) and Anglo - Australian Rio Tinto. To say that these three major players have some control on prices would be an understatement.
Between the extraction and casket, the price is multiplied by five!
At the output of mines, the market weighs in the 13 billion dollar annual ... For 64 billion in jewelry sales. Between the extraction and casket, the price will be nearly five times the tumbled! Note however that the price of rough diamonds is increasing much faster than that of diamond carved ...
But time is of major cartels moving
Smaller competitors settled. And producing countries, anxious to renationalise their resources, impose constraints always the strongest operators.
It's time to take advantage
The diamond market is therefore being driven to operate its greater transparency, competitiveness ... and volatility. This fragmentation also means more risk ...
In short, things are moving in the hushed world of white stone: and it's time probably to take advantage. Rather than you look at Anglo-American, the No. 1 worldwide who owns the company De Beers, I recommend you turn to one of these new entrants, a pure player in the sector ...
Sib Almaz is a joint venture between Alrosa and Krystall (valued at $ 50M).
Alrosa provides raw diamonds, Krystall deals with polishing and Sib Almaz diffuse the finished product in the USA.
For the moment the action Sib Almaz is not available on the market, it has yet purchased Global Diamond Exchange (Company unknown, but with a valuable export license from Russia to the USA).
The takeover was delayed (until January 2008) because of an internal investigation by the SEC for some ex-employees and shareholders of Global Diamond Exchange.
Alrosa also asked to Krystall to wait a few months to refine its strategy of disseminating the USA.
Why not sell under the label or Krystall Alrosa?
The two companies have preferred to organize this joint venture to expand the brand to a little more "scramble cards" to face his ex-partner De Beers.
The inauguration of the first store is planned for early September in the heart of NY.
So if you have the appetite for risk, shares GBDX.PK are available for $ 0,001!!
A meditate .....
i can't take all this excitement. what is happening?
don't they have restricted shares that would be realized only when the tender is done and sealed? being cheap is ok, but if the restricted shares through tender is the only way to realize the profits, they'd want to get the deal done asap.
talk about dry
get the sellers out and we move up.
do you see them lining up? is the consolidation between 10-11 the last couple days indicitive of that?
any ideas how high we'll run in the 4-6days? sounds promising.
hi there. hope you are right. any idea when we may get some news or updates from the company?
any updates to gshn?
holding steady, down one tick. we heading higher? 8.3million so far.
what are the indications of a penny stock ready to run, as some of you have identified for GSHN prior to this run?
wowsers, what happened today? came home and it's up 160%