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HEY, WERE UP 25 % TODAY ON HEAVY TRADING.. 500 SHARES TO BE EXACT..WHEW''''''''''''''''''''''''''''''''''
LORTAP,, it seems like a common practice at least for this POS to pay off debts by throwing new Worthless shares out as payment. Does the payee have to accept this as a payment or do the payees have other legal options. This place stole 20000.00 of my hard earned cash over the last 7 no 8 + years because I was dumb enough to believe this lied on forever tech and their blown up news breaking headlines over the years. I can't believe some companys who RSMI has payed off that outstanding debt were fooled just as easily taking in more wothless shares and can't do more about it then the every day investor... I will have my day with these scumbags soon''
could not agree more,, thanks for the reply''
thanks,, but thats my point ,why are they not listed as issued shares. ON RSMI's web page or any brokerage house. glty
QUESTION,, if they have 4 billion shares authorized but only 891 million issued,, isn't RSMI required to say they have used the balance of the 4 billion shares to pay off debts? I still do not see that the new shares were used for that purpose.. Would ameritrade have that kind iof info saying the new shares were used for that purpose? COMMON STOCK (as of September 25, 2007)
Authorized 4,000,000,000
Issued 891,745,161
Public Float 641,423,731
ya know what would be funny. If someone who lived in Portland , and had a fairly new business looking van for a vehicle that could have a sticker made up to say 'SEC' INVESTIGATION TEAM on the side and pulled up in front of Rim's supposed offices and start honking the horn. We did a similar prank to a neighbor for April Fools day some years back with a white van that said PUBLISHER CLEARING HOUSE SWEEPSTAKES TEAM. My buddy thoght he won that 10 million till he saw us pile out of the van. It was a good laugh for everyone then, but in this case I wish it would make the boy's sweat it, if only for a few minutes''
PennyTA,,Any opinion on CLXN? It has me curious right now. glty
I sent a e-mail to that german teleco that is supposedly using the earth shattering cupria chip in their product line asking them if it was everything they hoped for . SO FAR NO REPLY,, BIG SUPRISE HUH.. Here is the e-mail address if anyone else would care to try.. nueg@teleconnect.de
where did you get your info on 25 billion share authorized?
Thanks for the reply,, I still would like to know who the real majority stock holders are for this pos. Yahoo list only UTEK as having 210 million shares . Whats old RAY and BRAD have in their collective pockets aside from the vast monies they have pulled in from this scam..
IF 4 billion shares is the outstanding share count for POS, how come Ameritrade, AOL's quote board, eTRADE,I-hub's quote board, etc,, only list between 791 million to 891 million shares outstanding?? Can anyone tell me why this is? It's been 2 months since the new share count was supposedly voted on.. ALSO if these latest shares were used to pay off debts?? are not these payoffs the companys major shareholders now, that took these shares as payment?
Thanks,,I take it you kinda see this as a limited run?
pennyta,, any opinion on FFGO?
not yet,, I assume this happened to alot of others here.
It looks like the transaction took place july 18. I had 1750 shares of znxt before that and now it is 1750 shares of prol. Both are worthless to me. There is nomore infor than that on my ameritrade account other than this MANDATORY - CUSIP CHANGE and a transction #
All I know is that my restricted shares that I had of ZNXT are now replaced by this thing called PROL.
IS the newest spinoff now called PROL..What a slippery group this ooutfit is..
pennyta,, why did you take CMTN off your A -list??
Cobra,, if RSMI has William Swope on their BOD, don't you think he could secure funding thru INTEL if RSMI has such a great chip or approach INTEL about possible funding for this chip.
Charmin does'nt come in pink''
Come on'' how can this jump up in price 275 % on 3000 shares..??
I HOPE SO TOO, BUT DON'T COUNT ON IT SINCE THIS IS A FRANK LOVE SPINOFF I BELIEVE. AT least he was president of jmon / jmcp when this spinoff came out if I am not wrong''and we know where stand on that turd.
Yes,, it's hard to believe that all those shares are even allowed to be., It was a strange enough looking of a event that I thought maybe something may happen here in the future. I do wonder if it is real buy back or what I call a steal back from the poor investors that owned the stock only for the company to steal the investors shares back for even far less than what a share go's for now. I learned my lesson there from a company called PAIM.
HERE YA GO
Press Release Source: Fortress Financial Group, Inc.
Fortress Financial Group, Inc. -- Substantial Stock Repurchases
Monday July 7, 9:35 am ET
Company Confirms That 27.4% of Its Outstanding Shares of Common Stock Have Been Repurchased and Cancelled
NEW YORK, NY--(MARKET WIRE)--Jul 7, 2008 -- Fortress Financial Group, Inc. (Other OTC:FFGO.PK - News) confirms that the Company has repurchased an amount of 14,709,083,248 shares of its Common Stock and cancelled an additional amount of 1,500,00,000 shares of its Common Stock. A total amount of 16,209,083,248 shares of the Company's shares of Common Stock are now being cancelled by the Company's Transfer Agent. This represents a 27.4% reduction in the Company's outstanding shares of Common Stock.
ADVERTISEMENT
The total cost to date of this repurchase of the Company's shares of Common Stock is now in the amount of US$204,456,256. This valuation excluded the value of the Company's intangible assets and the Company's stockholdings in St James Capital Holdings, Inc.
The Company's Net Asset Value is valued in the amount of US$617,541,466 as at July 7, 2008. This translates into a Net Asset Value per Share in the amount of 1.44 cents based upon the number of the Company's outstanding shares of Common Stock now being in the amount of 42,941,766,809. The Company has marked down its valuation in respect of its stockholdings in Hunt Gold Corporation to a price of US$0.002 per Hunt Gold Corporation share, for the purposes of this calculation.
The Company's Management notes that the Company has lost hundreds of millions of dollars "on paper" in respect of its stockholdings in Hunt Gold Corporation. It is expected that this will be rectified in the medium term. The Company's Management remains extremely bullish in respect of Hunt Gold Corporation's prospects and upon the value of that Company's Gold Assets.
The Company's Management considers the outstanding number of its shares of Common Stock to be considerably higher than desired and intends to undertake further and more aggressive steps to reduce this number of outstanding shares, in the short term.
The Company is filing a very detailed Form 8-K with the SEC in and during today, in respect of these transactions.
The Company has been formally notified that several unrelated stockholders now hold in excess of 5% of the Company's "free trading" stock based upon the reduced number of outstanding shares. Several parties have informally notified the Company that they have now accumulated significant amounts of the Company's shares of Common Stock.
The Company is awaiting the filing of these various Form 13(g) and Form 13(d) notifications by these third party investors, with the SEC; and upon receipt thereof will be in a position to advise our stockholders as to the exact number of shares in the "free float."
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 expedite 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$700 million, 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 company's 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
ANY OPINION ON FFGO. HUGE BUYBACK BY COMPANY GOING ON. Of course they have a trillion shares out there.
PICKED UP 500000 SHARES ON A WHIM. YA NEVER KNOW. TRANSACTION TOOK ABOUT 20 MINUTES TO GO THRU.. GLTA
If you have 90 million shares ,may I ask which way U voted on the increase in shares?
How many own restricted shares in this company? I have 6032 that I recieved from the parent spin off ( scam company JMCP/ JMON).
GRCO does have a board on i-hub. I never thought of looking for it till now since I never was able to get a quote from ameritrade on GRCO. At the bottom of the GRCO page before all the messages that says call this number on unrestricting your shares. Everyone should call this number and find out how to get your shares unrestricted ???
1-800-689-3544 or email us at info@greenbeltresources.com
Why do I feel there is a big charge for that.
Thanks for the info.. My so -called shares were put in my account on 1-17-2007. Your's also? I wonder how long this can go on.
I have 6032 restricted shares of GRCO in my ameritrade account. I have no idea if it even has any value, since is is a spinoff company from JMON. I can't get a quote of any kind, but I have a feeling if this last press release garners some value in this stock somehow the boys will find a way to rescind the shares back to their pockets and it will be a another screw job by this company''
I have been looking , but I cannot find the exchange symbol, call letters for this new company of ol Franky boys trades under.. I have sent a few emails to the address in the divdened announcement for info but no responce. As I expected..
I called that number and all I got is what I expected. A VOICEMAIL.. I did'nt even say this is Silver bar oil and Gas. It also sounded like a 15 year olds voice on the voice mail. I bet it is just another home phone like it was when scammer 1 was doing us in on JMCP/JMON/CWFG, ETC,ETC,ETC,ETC.
Anyone care to guess tommorows new o/s jump?
GOOD STORY,, Unless I missed it in the reading of the article , how was the SEC tipped off?? I have sent numerous e-mails to SEC about this pos but no replys.. and no investigations. Of course this pos is one out of thousands in penny land
Share Information:
Symbol: QMNM (OTCBB) not a stinky pinky
Authorized: 975,000,000
Outstanding: 363,128,219 could be 600 million +?
Market Cap (as of 6/23 close):
If O/S is:
363 million = $26 million market cap
663 million = $48 million market cap
975 million = $71 million market cap
I DON'T PRETEND TO UNDERSTAND HOW THEY HAD THAT METORIC RIDE YESTERDAY, I JUST WISH WE STUCKHOLDERS COULD HAVE A PEICE OF THAT KIND OF ACTION OVER HERE. THE INFO POSTED ABOVE IS OFF I-HUBS QMNM BOARD.
I'm very happy for those who had to make a ton of money on QMNM yesterday, but I am puzzled as to how this could go up over 6 cents when the buys vs sell were basilcly even for most of the day. Could someone who has a knowledge of how this is possible please explain. It looks like someone to me behind the scenes said let this run.
I did'nt pump anything and I posted accurate numbers of whats on the net. LOOK IT UP '''
Current | 1 Month | 3 Month | 6 Month | 1 Year Charts
The chart is currently unavailable.
Comparison: QMNM DJIA S&P 500 52wk Price Range
11,983.33% above its low
$0.0006
$0.224
High 6/22/076/5/08 Low10-day Avg Vol 52.0M
Shares Out. 363.1M
No Regular Dividend is paid
Last Trade Time 3:59p ET 6/23/08
Last Trade Size 5,000
A BIT OFF TOPIC BUT ANYONE BEEN WATCHING QMNM TODAY OR FOR THE LAST WEEK OR SO??? HOW DOES IT GO FROM .0009 JUST A WEEK AGO TO OVER 7 CENTS UP TO TODAY. IT HAS A SIMILAR AMOUNT OF SHARES TO RSMI, ACTUALLY 975,000,000 AUTHORIZED 375,000,000 OUTSTANDING. THE BUYS VS SELL'S ARE RELITIVELY EVEN TODAY ALSO BUT IT IS UP OVER 7 CENTS AT LAST COUNT ON LESS THAN 300,000,000 SHARES TRADED .... UN -FREAKIN BELIEVABLE.. I WISH OLD RIM JOB WAS ALLOWED TO RUN LIKE THIS, FOR ALL OUR SAKES
Goldrusher. I have been all over that NXTcomm web sight in recent days and I can find no evidence that RSMI was a attending company. If RSMI was demonstrating their so called tech I would think it would have been registered like other companys were that actually did attend. I did searches under the company name and also under the name Brad Ketch NXTcomm web sight search bar in the and all I got back was zippo. It will be interesting if KETCH says RSMI was their in the next PR.