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wouldnt it be ironic if the SEC knows what the company's intentions are and you end up walking right into it by contacting them directly??? looks like you pissed off the wrong dudes...
-PD
It seems like thier financial position is stronger...a few months ago they mentioned that court proceedings would be too costly...A good sign now that the lawyers are given the green light?
-PD
Bamm! Looks like ffgo is taking legal action! Fellas, Any comments on recent set of tweets???
-PD
FFGO is gettin its twitter on...UPDATES ON MONDAY!!!
Fortress Financial Group, Inc. to advise its Stockholders on the status of the Sale of its Gold Interests on Monday February 1, 2010.
22 minutes ago from web
Reply Retweet Fortress Financial Group, Inc. extinguishes US$500,000 in debt, to be included in Form 8-K Filing on Monday February 1, 2010.
23 minutes ago from web
Reply Retweet Fortress Financial Group, Inc. to announce new Office Address on Monday February 1, 2010.
24 minutes ago from web
Reply Retweet Confirmation of Filing to reinstate both Bouse Gold, Inc. and South Copperstone, Inc. with the Wyoming Secretary of State.
32 minutes ago from web
Reply Retweet Fortress Financial Group, Inc. to file a Form 8-K Monday February 1, 2010 to confirm filing to reduce Authorized Shares of Common Stock..AND
33 minutes ago from web
http://twitter.com/ffgo
THANKS FFGO!! Confirmation of Filing to reinstate both Bouse Gold, Inc. and South Copperstone, Inc. with the Wyoming Secretary of State.
less than a minute ago from web -twitter
-PD
Regarding gertrudegold, I agree that she was apot on about many things...however, I dont think that lumb will be the direct buyer here...For that, I think gertrude was merely speculating much as we are...
-PD
yes, but now read aveninganel's posts...From the answers, I think that aveningangel had a similar writing style to someone else we know..(ahem lumb:) and judging on the stance taken, I believe that lumb is on the seller side of things...
-PD
I disagree with this assumption...I dont think the bidder is lumb ...I think lumb is the controlling party behind ffgo..and will benefit tremendously from the closing of the deal, BUT, there really is no 'proof' so far that the buyer is lumb...and to make assumptions before the facts are on the table is a complete waste of time...These guys have well educated lawyers at their disposal...they are not about to violate any 'rules'...If the SEC had ANYTHING on them, they would have shut things down by now...
If assumptions are going to be made, then one can also assume that this deal will close and a winfall will be distributed...Too much planning, time, and money spent for it not to happen... !!!
-PD
Lol! I liked twitter better when they were posting about the company...kinda like a recap...but, I suppose recaps as of late arent worth mentioning anyhow (or tweeting for that metter:)
-PD
he said same thing about ffgo, and it did look dead...but a year later...and...Baam! it wakes!so one never knows what may happen after SEC is done...
-PD
pauch, if you still have my email (dhaliwal_pd@yahoo.com), can ya send me the good stuff?! :)
-PD
being unfamilar with all of this, Im just curious what all this means for the current shareholders???...Are we skrewed by any means or does that mean the brokers are skrewed??? And if the brokers are in fault here, then how would they rectify the situation? Would they have to buyback the shares in the open market once the PR from the TA is released??? And would that mean that a substantial price pop is in effect as there is no way that the shares can be bought back in their entirety??? I am confused as to how all this will play out...has something like this ever happened before? and if so, what effect has that had on the company's share price...thanks all.
PD
I dont think they were farther along with hurasu than this deal.,.I think that they are just more sharper this time because Peter, being a LAWYER, is on the ball with legalities and such...not to mention this time they are open to the possiblility of other bidders coming in and so do not want to give more info that they need to (price protection)...think about it...this one is the one that has the best chances of completing as the leg work for from the TA is complete...every other legal issue is complete...and all 'ducks are in allignment'...wait and see:)
-PD
if this downticks to .0001, dont expect a no bid cause me and many many others will have very large bids open all day long:)
-PD
I think that someone should email this strategy to ffgo as it is a good one...It does make logical sense to be...but I dont know if pink sheet typically get 'halts' before news releases? I trade candian venture exchange stocks as well and know that halts are very common for exploration and mining companies.
-PD
MONDAY JAN 4th -BEST TIMING TO RELEASE NEW$
If company has explosive NEWS, I would think that it will be released on MONDAY JAN 4th to start the new year off strong as opposed to new years eve?? Then again, a release tomorrow will certainly start the new years off with a BANG! After news, the stock price will be exploding for quite some time so regardless the long weekend won't really affect anything much if they decide to pick tomorrow as game day...just my 2 cents.
-PD
just waiting for the fuse to be lit ! the dynamite is in place, and the crowd is bulding...when the company says 'go time', this play with explode! the wait is for that darn 8K match to light ffgo on FIRE!!! ...GL
-PD
will all this confirming happen in a fortnight?
-PD
well said! GL!
-PD
True, however, as im not vested here...I dont care...if the CEO gets his act together, then perhaps I may consider it...but for now, that lack of communication couped with a continuously sinking pps is a recipe for disaster...Those who are holding on will continue to have their $ eroded as this play is currently worth .0001 if even! It SHOULD be at NO BID with the BS that the management is pulling...those that are holding on right now have absolutely no 'tangible' reason to do so other than emotional attachment and hope that things will reverse...fundamentally, the company will need to do ALOT more than it is currently if the SP is to recover...until that time, my bid will remain at .0001 or nothing if I decide its not worth even that....sorry all for the sobering perspective but it is what it is..GL regardless.
-PD
in US currency? That might not be a good idea! lol.
-PD
It might do good in the future...but now is now...and right now, the company sucks! SP drop is showing that sentiment is negative towards this play...I will get in when it sinks to .0001 or close to that...For now, the selling pressure will continue to drop this play and I am thinking it will bottom out soon enough...Feel bad for those who thought otherwise cause many bought above .003 range...Not hammering the company, but they need to learn to walk before they try to run! Slow and steady is what will keep this one in the running...as long as it doesnt fold and revenue eventually trickles in, it should be fine long term...but for now, this play is screwed! ...GL.
-PD
Over .006 would be clutch...from the .0003 threshold, that's a minimum 20 BAGGER!! If it only goes to the guaranteed minimum acceptable amount of .003, that's still a freakin 10 BAGGER! In pinky land, such jumps aren't rare by any means...
-PD
no doubt, major cuddos to the company and related parties for being on top of things with a quick response and update...If this deal can close by end of month, it will be a good holiday season indeed!!!
-PD
Seems that we are getting closer!!!
"...The Company's Management has now recommended acceptance of this Offer to both the significant minority interest holders in the "Bouse" and "South Copperstone" Gold Properties and to the Company's Loan Note Holders..."
-PD
yes true....however, as the company is now on blackout until they announce whether they are going to take the bid offer or not, the momentum will now really depend on what that bid offer is...of course, with a bid offer of lets say .006, the price could rocket to .006 but my point is that it will only move to .01 if the bid is .01, and if it was going to move before the news (on speculation) then I would think that this will be the week that it does as news is pending any day now...see what im saying....the rocket needs fuel cause market hasnt bit yet...For what its worth, I hope im wrong and this baby rockets to the moon on speculation :)
-PD
why do you think is can run to .01 ? So far, the speculation is about the buyout price...no? and once they annouce the deal being accepted (if they do so), then everyone will know what the buyout price is...However, wouldnt the momentum and speculation be 'happening' right now (BEFORE the company annouces what the bid offer is???)...Correct me if im wrong, but market clearly is hesitating to speculate UNTIL the company gives some solid numbers...and at that point, the offer will be official and accepted...I could see the SP rocketing up to what the bid price will be but since we dont know that yet and market hasnt pushed this up in anticipation, where in all that is the 'speculating' that you are talking about...UNLESS, of course, people wake up and realize this play is a multi-bagger in the making and push the price up this week BEFORE news!!! now, that would be nice! GL!
-PD
maybe there is some sort of tax benefit to have this done before years end...considering the company had such a shitty year in 2009, maybe they just want to finish the deal and close up shop before 2010?? maybe a tax benifit to both sides if it gets done by 2009??? Kinda oddd, otherwise, why this bid would be coming this close to years end....Anyone have any thoughts on the tax stuff for such deals..would it be a benifit to wrap this up before years end...Any accountants on board? just random questions while we wait...
-PD
Dude, if the bid is ACCEPTED and in an 8K filling, the SP will move faster than a blink of an eye...within a few days, we will be trading at prices that will make current levels seem like a joke...yes, everyone currently here is for that potential...and many that will come in higher will likely be enticed by 'something' tangible that the 'bid offer' has dangling...otherwise, it wouldnt work...Who would buy at much higher prices unless there was 'something' on the receiving end...yes, your 10-12 times makes sense if the bid got accepted...but certainly, there will be much to gain for those whom will be wanting to 'see things through' because the market is SO CYNICAL these days that the bid will NEED to be enticing enough to warrant the ENORMOUS move that we are talking about...what will do the trick? cash buyout? Hmmmm...maybe? at this point, its all guesses....lets see what the week brings..(SO far, the market clearly is sceptical, and rightfully so...we need more factual presentation of this bid...we need an 8K filing...without such, this one is staying in limbo...
-PD
The following paragraph from the recent company correspondence seems odd:
"...It is a fairly complex Offer and the Company's acceptance of this Offer is wholly dependent upon the unconditional consent of certain significant other stockholders in both the "Bouse" and "South Copperstone" Gold Properties..."
Now, reading this...I wonder why the offer is wholly dependent upon unconditional consent of certain significant other stockholders in both the 'B' and 'SC' gold properties? Now, why would 'certain significant other stockholders' need to be consulted? Why wouldn't the bidder just deal directly with these holders and leave ffgo out of it??? PERHAPS the offer is complex becuase it is conditional, in the sense that the bidder does not want to buy ffgo's portion and still have to deal with the remaining historic holders that may or may not budge the way the bidder wants them to??? Doing it seperately certainly leaves the posibility of the bidder 'commiting' by 1st buying ffgo's claims and then the other holder bacually demand alot more...and if the bidder already has bought ffgo's portion, then that would make him/her quite vulnerable now wouldnt it??? Anyone ever play monopoly while having two of the 3 pieces and needing that THIRD PIECE?? Call me crazy, but it sure does Sound like REAL negotiation tactics to me!! WELL, a good way to solve the aforesaid scenario, if true, would be to put a 'condition' that the bid is effective 'if' and 'only if' ffgo can get the 'majority' historic holders on board FIRST! THAT WAY the 'bidder' would essentially take 100% ownership in one single swipe...no?!! Just food for thought while we wait....(suppose we will find out everything soon enough anyways..but it's always much funner to guess in advance isn't it:)
-PD
Nice recap! the part that sticks out the most to me is the following statement by gertrudegold:
"My guess is that a Statement with an 8-K filed one morning before the Market opens, and BOOM...........the Stock explodes"
How true will this be? Will we get an 8K whereby the company has accepted a bid? Market seems sceptic...and rightfully so...but what if the bid is actually accepted....what will then happen to our SP>>> anyone willing to guess? BOOM? KABOOM? OR KabooOOOOM!!! :)
-PD
Hmmmmmmm,,,,do I hear a ...snap...crackle,..POP?! ...GLTA this coming week!:)
http://ih.advfn.com/p.php?pid=webchart&symbol=USOTC:FFGO&period=1&drawmode=2&size=19&volume=1
-PD
tex, you get any fills....I've had open bids for 2s but no fills so far...strange.
-PD
What will SP be once deal is done? ,,,,,
ANYONE WILLING TO GUE$$...CANT WAIT! CHOOO CHOOOOOOO...
-PD
lol...
-PD
LOL! Tex, its been fun...turning in...see ya in the morn...nite.
-PD
yes, we need to save them all! lol...hurry..times ticking...lumb must not be allowed to continue...I am so sad to buy all those 2s if I get filled..But I speak facts, truths...scamtini is bad person...lumb is not nice person...lol...very bad company...no value, nothing to see here..
-PD
yes yes ...diluted...garbage...yes...scam scum !! sell sell sell...no value..nothing to see here...bye bye..!:)
-PD
Yea, few days could mean a lot of things...everyone should sell their shares to me..I will humbly take the hit for the team...this company is scamming everyone...I am here to save you...sell, sell, selll...lol..
-PD
lol...yes good idea...need cheap chips....Lumb sucks...lumb scams....this is a scamm...sell me the 2s, I will take a hit for the team...everyone run...this company is no good bit lying scumbags...lol...
-PD