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OT - and to think I held this today instead of buying CCMJ at the open. It is definitely entertaining!!! Good think I'm riding free shares!
couldn't they have waited until Monday to do this! Now we all have to spend the weekend thinking about what will happen next week.
Is the bold part below referring to PINK stocks:
The U.S. Securities and Exchange Commission has extended an order issued July 15 to enhance investor protections against naked short selling in the securities of financial institutions to which the Federal Reserve has granted temporary access to liquidity facilities on an emergency basis.
Late Tuesday, the SEC said the extended order will be in effect until 11:59 p.m. ET on August 12, and will not be further extended.
According to the SEC, the decision to extend the order for a second 10-day period, in addition to furthering the purposes of the original order, will permit the Commission staff to collect and analyze additional data on the impact and effect of the order's provisions.
Following expiration of the extended order, the SEC will proceed immediately to consideration of rulemaking which would become effective after public notice and comment. The purpose of the rulemaking is to provide additional protections against abusive naked short selling in the broader market, while allowing the legitimate short selling essential to efficient, highly liquid markets.
The SEC’s order requires short sellers in the securities of the designated institutions to arrange to borrow the securities at the time of sale so that the buyers will receive the stock they purchased on time. Selling short without borrowing the stock to be sold, and failing to deliver it, is called naked short selling.
Howard,
Alan didn't mention any PR's for Thursday, yet we got some. That may be what he meant for Friday. I guess we shall see soon enough!
As far as NSS goes, I beleive Lumb said he couldn't prove there was one, or wasn't worrying about proving it.
I am sure that a billionaire would never give up ALL their secrets. I am also sure the SEC would not want to discuss bashers, since if they are in fact manipulating the price of stocks, either on their own or for a MM, that would make the SEC look pretty bad!
Go FFGO!!
MAD.... not accusing you of being a basher, but I am now getting attacked by them, so I've attached the following email. Let me clearly state that I am not a pumper or a basher. I bought in at .0001 when I saw the IHUB list of hot topics. Sold at .0008, then bought some shares back at .0004. I am riding free shares now. I sure hope this goes up. The only reason I am even still in this stock is for the chance to make the the big killing without the chance of losing anything. The thrill of actually getting that .01xx dividend is too good to miss, though I admit in penny stocks you usually get burned waiting on a dividend. Alan seems like a nice enough a guy from the emails I have sent, but I would definitely not invest my 401k or life savings on a penny stock, I don't care who is in charge. I don't mind losing a few past profits to help this thing run. If nothing else, it is a quick lesson in investing, as well as market manipulation and the fun of watching people argue so passionately whether it is because of something they truly believe in, or are getting paid to do so!
Sorry, don't mean to ramble.
From: Investor Relations - Fortress Financial Group, Inc. [mailto:investor@fortfinancegroup.com]
Sent: Wednesday, August 06, 2008 10:23 AM
To: XXXXXX, Michael
Subject: RE: FFGO HGLC stocks
Mike,
I apologize for sending you this "canned response", I have been inundated with just too E Mail requests for information on FFGO. I cannot find the time to answer them all immediately and complete my duties to you are your CEO!
EVERYTHING is on track as announced.
I am travelling to Europe this afternoon and have a ton of work to complete this morning; but will issue a Press Release on Friday morning; clarifying and answering ALL of the points raised by stockholders in their E Mails' to me.
I will deal all specific requests that you have sent me by E Mail; I will try and answer it today but in all likelihood will not be in a position to deal with it until Thursday evening.
Kind Regards
Alan Santini
From: XXXXXX, Michael [mailto:Michael.XXXXXX@XXXXXXX.com]
Sent: Tuesday, August 05, 2008 2:24 PM
To: investor@fortfinancegroup.com
Subject: RE: FFGO HGLC stocks
Let me rephrase the question. I understand you can't say certain things being in the position you are in. If there is an offer on the table of .025 per share for HGLC as a takeover bid, and you said that you would not sell for under .02, then yourself or Mr. Lumb (I'm not sure he has acquired enough FFGO to be in charge yet) would accept that deal and put out PR saying so. Is there any reason you would not take .025 per share for all the shares of HGLC that FFGO owns? If you do accept the offer, what would the money be used for? I am still confused about Mr. Lumb's involvement. If he is involved in both companies, wouldn't the selling of all the shares of HGLC that FFGO owns force the price of HGLC down rather quickly?
Again, I am trying to be positive, but when there are so many people pumping and bashing FFGO and HGLC at the same time it is rather difficult to decide who is telling the truth. Any fact based clarification you can give would help greatly. I appreciate you response to my emails and those of many others who are invested in your company.
Is there any chance you could come onto Ihub for an hour or so to provide information, as Mr. Lumb did? Hopefully you will be treated better!
Thanks again.
Mike
Reply from Alan:
Mike,
I apologize for sending you this "canned response", I have been inundated with just too E Mail requests for information on FFGO. I cannot find the time to answer them all immediately and complete my duties to you are your CEO!
EVERYTHING is on track as announced.
I am travelling to Europe this afternoon and have a ton of work to complete this morning; but will issue a Press Release on Friday morning; clarifying and answering ALL of the points raised by stockholders in their E Mails' to me.
I will deal all specific requests that you have sent me by E Mail; I will try and answer it today but in all likelihood will not be in a position to deal with it until Thursday evening.
Kind Regards
Alan Santini
If he did, and the pps is still holding, then we shouold all be buying more!!!
Dumb question, but if they are buying back at .0001, why would they want to buy back at .0002?
I emailed Alan yesterday morning and haven't heard back yet. He is usually quick to reply.
If this happens to be true in FFGO/HGLC instance, is there some way to track the actual sales of Mr. Santini or Mr. Lumb or do they not have to report those sales? If they must be reported, I am assuming the SEC does not watch real carefully, but if an individual was, and went to the SEC with evidence would they do something about. Could a lawyer for their hand in any way?
What did you buy in at? This went from .002 to .008 pretty quickly. That's a nice profit for many.
Fidelity let me slide when I did it. They sent me a warning. I called them to see what I did and they said they try to stop repeat offenders.
If we all keep calling him, he will eventually give us the number!!!!
Alan is kind of quiet today. Usually he replies to emails within an hour. Nothing so far today from about 4 hours ago. Maybe he and Mr. Lumb are either planning something or are on vacation.
Helper -- That stategy only works if the price goes back up. Most of us hear are either long holders or bought in at .0001 to .0003, other than taking some profit, then buying back in for the ride. To buy the number of shares youare talking about to drive the price down to .0001 again, could take some time, especially if there are no longer any shares to buy!!
The question is whether the dividend will actually be paid. Those invested here, like myself believe that either the dividend is legitimate or that we can watch the pps go up and get out before the eventual plummet if the compnay is not legitimate.
DOLT -- Did all these tocks make money efore they fell on hard times?
This from Alan. Not all the answers I was hoping to get, but maybe a little clarification:
Mike,
Stephen Lumb cannot buy all the HGLC shares that he needs at a low price. there are 297 billion HGLC shares in issue, he needs to win over all of those stockholders. They are all holding restricted HGLC stock.
Fortress, if it banks a profit on HGLC will use the funds for working capital and acquisitions, directed by myself.
Alan.
From: XXXXXXXXXXX
Sent: Friday, August 01, 2008 10:51 AM
To: investor@fortfinancegroup.com
Subject: RE: FFGO HGLC stocks
So who is taking over HGLC if they are offering .025 per share, like the HGLC PR states? It doesn't make any sense to me for Mr. Lumb to offer that when he can buy all the shares he needs for far under that. Also if HGLC can be sold for .025, will FFGO sell all their shares? If so, what will that money be used for? Buyback of FFGO? or some other venture, controlled by Mr. Lumb, since he will own 51% of FFGO?
If the company received an offer of .025 per share why is neither FFGO nor HGLC going up at all?
Just trying to Get Alan's take on things. Sounds like the surest way to make money is to follow Mr. Lumb around and buy whatever he buys!:
Mike,
No, Stephen Lumb does not own HGLC. He is buying shares from their stockholders. Watch, he will start getting very aggressive with HGLC, I know his tactics. Why do you think that I am trying to make Fortress a nice little profit on the back of the HGLC takeover? We already had stock; why not benefit everywhere?
He wins both ways if FFGO buys HGLC stock as well. He will own 51% of FFGO shortly.
Stephen Lumb will NEVER merge the Companies! He believes in very focused companies with competent Management with extensive expertise in the Sector in which the Company operates.
I guess he wants the HGLC mines for his own Mining portfolio, he is a "Gold Bull" in a huge way. Convinced it is going to US$1,200/oz this year, he predicts gloom and doom, global recession, etc. He believes in Commodities.
Stephen Lumb already has a conglomerate! Watch, he is floating off a lot of his assets over the next few months; that will make Forbes and Fortune jump around! I have seen the portfolio. This is "petty cash" to him, he is deal junkie and loves undervalued companies.
His involvement is FFGO can only help me, he can open doors that are closed to 99.99% of the Financial world, only problem is that he is always tied up in deals and meetings; not easy to catch and keep his attention. He could care less what stockholders or the press think of him; his attitude is "if you do like me; or my Company, do not buy the stock!".
Alan.
From: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Sent: Friday, August 01, 2008 8:31 AM
To: investor@fortfinancegroup.com
Subject: RE: FFGO HGLC stocks
Alan,
A few quick questions related to FFGO vs HGLC share value. You stated that HGLC is worth .02 per share and you won't sell for less. Mr.. Lumb is buying a great number of shares in HGLC, most likely to take over the company. He also appears to be in position to take over FFGO. Since he will basically own both companies, how will the pps of HGLC go up to .02? At this point isn't he essentially buying shares from himself with a loan, which appears to be using FFGO as collateral taken to do so?
Can you explain to me how I as an individual shareholder will eventually benefit from this? Are there further long range plan to be involved in some other company? merge FFGO and HGLC together? If so, what becomes of the dividends? It sounds to me that whatever dividends are given will be in one of the companies of this soon to be conglomerate that Mr. Lumb is building. Not to be questioning you, but are there some facts to help alleviate any fears that shareholder money is being moved so fast we will eventually end up losing it? Again as I have stated earlier there are a good number of people on IHUB that believe in you, and less in Mr. Lumb. Your association with him automatically raises doubts in some. No one doubts that Mr. Lumb will make a large sum of money through these acquisitions. We just want to try to make sure we can turn a nice profit as well.
As always, thanks for your time. It is appreciated.
Mike
regarding 8-K filing this afternoon -- ISn't St. James Holdings owned by Lumb as well? He is loaning himself money. He fully intends to turn a profit out of this, so if anyone can figure out how if he is buying HGLC shares and FFGO shares, he can make money but we can't, please tell me!!!
A reply from Alan. Maybe we need to replace Mr. Lumb with Mr. Santini on this board!!!!:
Mike,
I am completely unfazed, I think that we know who is buying stock at 0.0004, he is after all, a professional Trader! He owns two Market Maker/ Broker Dealer firms that I know of. He trades Futures mainly.
Stephen has guaranteed the Stock Dividend, it is in his interests, he does not run any Charity that I know of.
Maybe your Forum enraging him is the best thing that could have happened, I admit I was nervous this morning, he can be very vindictive but he is very calm and supportive today. I am VERY SURE he will stay away from Chat Forums in the future, he does not like to be questioned, he is very arrogant but I guess that he has every right to be.
Stephen is going to bid for HGLC, that is unrelated to FFGO, just makes FFGO money in my book
He will no way merge the companies. His mantra is "Focus". He likes separate Management in his Companies who understand their business.
Lumb is not a Seller, I could NOT sell even if I wanted too, which I do not.
Relax, Market Makers are having their day in the sun and the free float is shrinking!
Alan.
From: XXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Sent: Thursday, July 31, 2008 12:42 PM
To: investor@fortfinancegroup.com
Subject: RE: FFGO HGLC stocks
Alan,
What do you plan to do to get the price of FFGO back up? Granted that if you bought it at .0001 you made money, as I have. Many investors are trusting you and now are looking at the possibility of not getting a dividend since the company is being taken over. Will the dividend still be the same? Also, it appears that the same people that are taking over HGLC are now taking over FFGO. Will these two companies eventually become one? If so, doesn't that basically eliminate the dividend, unless a cash dividend is declared? Many people are now looking at this as a shell game to make you and Mr. Lumb lots of money while leaving everyone else holding the bag, since most shareholders are waiting until the dividend is declared before they sell. If the bottom falls out of FFGO, then all those people will lose money because of your actions. Can you put a letter (PR) out to shareholders with more details to help calm any fears.
Thanks.
Mike
.0001 FFGO -- How can Lumb get the price this low again?
Overachiever -- Let's suppose you are correct here. What do you think will be the future of FFGO price? Will it go down to .0001 then back up, because the "dividend" still has to be declared? If that is the case, shouldn't we all just place buys in at .0001 and wait to get them once Lumb has sold all his shares.
Also , doesn't HGLC going up help FFGO, since it appears they can buy low and sell higher than us, if thye keep this shell game going, can't we profit from it as well?
But wouldn't the price of the stock typically get hammered after a r/s, and be very difficult to go back up, especially since the great Santini keeps saying no R/S? That would jusat make him look like a liar and all shareholders to lose confidence in him and this company.
Didn't think company can buy in first 1/2 hour of trading.
Questions and replies with the great Santini. Again, he is either a big player for the next few months and make us a great deal of money, or a very good con artist. Hopefully the former, of course!!!
Mike,
I think given my so called "militant" stand, I would not be that welcome on Hunt's Board! Secondly, I do not want to be privy to their inside information if I am going to put them "in play".
Yes, Hunt has a number of bids on the table.
My job is to get the best possible price for Fortress's stockholding in Hunt.
Alan.
From: XXXXXXXXXXXXXXXXXXXXXXXX
Sent: Tuesday, July 29, 2008 2:59 PM
To: investor@fortfinancegroup.com
Subject: RE: FFGO HGLC stocks
Thanks for the reply. Your resignation as published in a HGLC news event (and the tone of the announcement), would seem to indicate some type of potential conflict of interest. If your intent is to merely remain a very large stockholder until you can sell all your shares for the highest possible price, why would you resign? Also have their been any offers by other companies for HGLC? If so, shouldn't those be public knowledge so that all stockholders could say whether they would sell their shares to a potential suitor.
Thanks again for you constant communication with shareholders. Hopefully the FFGO will continue to climb in the near and distant future.
--------------------------------------------------------------------------------
From: Investor Relations - Fortress Financial Group, Inc. [mailto:investor@fortfinancegroup.com]
Sent: Tuesday, July 29, 2008 2:50 PM
To: XXXXXXXXXXXXXXX
Subject: RE: FFGO HGLC stocks
Mike,
No, Fortress has no intention of making a hostile bid for Hunt Gold Corporation.
However, many other Companies are planning to do just that!
I am simply putting them "in play" to extract the best price for Fortress.
Hunt is worth 2 cents a share.
Alan.
From: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Sent: Tuesday, July 29, 2008 2:43 PM
To: investor@fortfinancegroup.com
Subject: FFGO HGLC stocks
Mr. Santini,
Are you purchasing shares of HGLC for a potential hostile takeover or just holding your ground on the .02 per share price to see how much you can actually get for them? If you are buying them, does that mean you are selling shares of FFGO to buy them, thus driving the price of FFGO down? There are many nervous stock holders in both companies right about now. Will you be issuing a public relations statement giving you intentions for both companies? If not, can you provide me with all the information about these moves that is legally possible to give?
Thanks.
Mike
Texan -- So if they sold all those shares, would they still hold enough to prvent a takeover of HGLC?
HGLC -- Isn't their PR bad news for US. Since FFGO hold so much HGLC stock, won't price go down if no one will pay .02 per share?
I would hope the Great Santini can get a cash deal made for all the shares, and put that money on FFGO's books. Dividend could then be cash and buyback could continue as well. Any other thoughts?
who will have more shares traded today? WEHI or FFGO? Let's make it FFGO. BUY, BUY, BUY!!!!
Despite the huge profit taking - this stock is still UP from yesterday's close. BUY, BUY, BUY.
His email address was posted here. Either it is real or someone on this board set up a pretty clever scan. I'm not smart enough to know how to trace the IP address back. Maybe someone else is.
stock symbol for GOLDCO? I asked Alan that and he said for now, for legal pruposes it had to stay private.
5 million here also
investor@fortfinancegroup.com
if this stock continues to rise, then retreats slightly, wouldn't that give Santini extra incentive to declare the dividend and lock the date in place, so people continue to buy, or does the dividend basically become meaningless if this stock begins to roller coaster up and down?
I think MM's use coded numbers of shares to let other MM's know their activity.
Got this from Alan a little while ago.
I am "gagged" from releasing Goldco details. Yes, they are quoted.
Once Goldco Attorneys give me permission, full details will be released.
We are "on top of this problem" of restricted shares. Goldco will file a Registration Statement.
A Cash Dividend would entail our placing Goldco shares for cash; then distributing the cash. In all fairness that is not the nature of this Company's business. My job is to maximize growth, earnings and NAV.
Alan.
From: xxxxxxxxxxxxxxxxxxx
Sent: Thursday, July 24, 2008 2:18 PM
To: investor@fortfinancegroup.com
Subject: Dividends for FFGO
Alan,
If the dividends for FFGO will be restricted shares of GOLD CO, won't they pretty much be worthless before the restrictions are lifted? In my past experience, no restricted stock dividend has been worth anything by the time the restrictions have been lifted. Have you talked to others to possibly give a cash dividend, so investors will be guaranteed at least something for their faith in you?
By the way, what is GOLD CO? Is it a specific company that is currently trading? If so, what is the stock symbol and market that it is on? If not, can you explain exactly what it is?
Thanks.
Mike