Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm in I want my .03 cent and I will sell and buy along the way to try and up my position. If I get caught with way pants down then I get pounded thats the name of the game. Scam or no Scam folks ride the ride it still pays the same.
I just can't figure out that 300billion thing oh well F-it!!!!!!
P.S. If you weak hearts sell tomorrow your gonna kick your ass all the way down the street!!!
Yes Sir, thats all I want is try to understand it because I own HGLC.
Steve O I'm not bashing I'm just asking what about the 300billion shares, no one wants to talk about this topic, you can't tell me that someone is gonna pay 8billion for HGLC's shares.
So what do we do sell on Monday?
Theories or Explanations?????????????
People how come nobody wants to swallow the 300bill share pill? Look I own HGLC and I just don’t find it realistic that someone is going to pay 8 Billion Dollars for HGLC.
Believe me I want hope its true we all know this total BS, please convince me otherwise at the very least try and come up with some theories.
Thanks Folks
Dude they said they had 79billion shares 21% of HGLC shares do the math.
And do you honestly belive that someone is gonna pay 8billion for HGLC. If I'm wrong with that number explaine.
Thanks
Hey Master what about the share amount?
People I have a Question. I am assuming that their has to be less then 300billion shares or this deal is a bunk. Please explain to me how the share amount could be reduced to make this more feasible. Keep in mind I have a million shares so no bashing here!!!
jajajajaja Were good it's all good just HOLD. It's just not going down the way people expected.
Wow just look at that volume man, they sure are buying the hell out of this one 125thousand shares!!!!!
K, I understand between FFGO and the Investment group they claim to have enough shares to controll voiting rights (51%) right? But realisticly the volume is still not there.
300 billion shares People........
Even if FFGO or anybody was buying HGLC shares over the last week or so what would that give them 200million shares BFD. We need to see volume on the scale of FFGO before we have to worry about a hostile take over folks.
Buy more if you can.
The only conclusion I can come to is they have reached a deal to sell HGLC with the investment group and they are trying to hammer out the contract. Their is no volume which indicates FFGO is not buying massive amounts of shares and no bid war has occurred as indicted in the PR’s. If you look at my previous posts it will explain my thought on this. I don’t think this is a bad situation for shareholders we just need to be patient and quit giving up your shares, sit tight!
The only way we get screwed is if we give up our shares and they take over HGLC and we get stuck with the current PPS. DO NOT LET EM HAVE EM!!!!!!!!!
NO WEAK HEARTS. If you sell your gonna be kicking yourself in the ass!!!!!!
Just hold, hold, hold......... They already said they will give at least .02 cents.
Don’t jump to any conclusions until the PR hits. It seems pretty obvious a deal has been cut and their is no need to buy more shares at this time.
Relax People they probable hammered out a deal over the weekend and they will let us know about it soon.
Hey SOUP still no response!!! Who's this big battle with?
The Board of Directors cautioned stockholders that the offer was made by a highly aggressive Private Equity Group which may attempt (and succeed) to purchase large blocks of this Company's stock; thereby giving it control of this Company through the "Back Door." We stated that we were powerless to stop this; should it occur.
Looks like HGLC is out.
Soup I have a lot at stake in HGLC but just listen to what I have to say. If St. James is the Financial Group that made the offer to HGLC for .025 cents per share and It clearly states from Fridays PR that FFGO will cooperate with the Financial Group on the takeover:
"Furthermore they have come to an agreement with Fortress Financial Group, Inc. who has undertaken not to dispose of any its "free trading" shares in your Company; and to co-operate with the Private Equity Group in their takeover bid for this Company. Fortress Financial Group, Inc. served notice to this effect upon your Company at 10h00 EST this morning".
Soup who is this takeover going to get hostile with? Why would FFGO buy more shares on the open market if it has an agreement in place with the Financial Group? Do you really think FFGO is going to cut their own throats and use the 50 mil to buy more shares on the open market despite their agreement, maybe? If another Investor offers FFGO a better deal for HGLC's shares which could make for a bidding war private for the shares FFGO holds, and open if FFGO renigs on their deal and begins buying Monday.
"The Private Equity Group, together with Fortress Financial Group, Inc. have now rendered the 51% voting control given to certain Investment Groups null and void and have effectively raised the stakes in what may, or not become a bidding war for this Company; this is entirely dependent upon any other serious offers for your Company".
So who buys on the open market Monday? Does FFGO look out for them and use the 50 mil to buy more shares to solidify their standing?
"It seems extremely likely that this Private Equity Group wishes to acquire 100% of the Company and to then merge it with another Gold Company already under their control".
Does the Private Equity Group buy more shares to try and gain 100% control of HGLC? (I think this scenario is a given.)
Does HGLC try and save their company and buy shares with the 50mil they have or a least make a last ditch effort to make a few more buck on the buyout?
Or does HGLC have another offer in place, and is this new INVESTOR going to try and buy shares on Monday?
"The Board of Directors has been contacted by stockholders who wish to remain as long-term stockholders in this Company, and have no desire to sell their stockholdings at US$0.025 per share to the Private Equity Group. Based upon these facts, the Board urges stockholders to exercise caution in their dealings until such time as we are able to provide them with an accurate valuation of this Company's assets".
We shall see what happens on Monday!!!!!!!!!!!
Let me know what you folks think.
Thanks
So St. James is the Investment group?
READ THIS!!!! AND THEn...........
Tell me who the bidding war is going to be with:
Company Confirms That the Bid for the Company Has Gone Hostile
NEW YORK, NY--(MARKET WIRE)--Aug 1, 2008 -- Hunt Gold Corporation (Other OTC:HGLC.PK - News) confirmed this morning that it had received an offer for the Company which was valued at a price per share of US$0.025 per share. There were a number of conditions attached to this Offer and the Board of Directors requires more time before advising stockholders as to whether they can recommend this bid to stockholders.
ADVERTISEMENT
The Board of Directors cautioned stockholders that the offer was made by a highly aggressive Private Equity Group which may attempt (and succeed) to purchase large blocks of this Company's stock; thereby giving it control of this Company through the "Back Door." We stated that we were powerless to stop this; should it occur.
We have just been served notice and have been provided with proof that this Private Equity Group has already acquired a block of stock in your Company; amounting to 72,450,080,500 shares of your Company's shares of restricted Common Stock. They paid an amount of US$0.025 per share to acquire these shares. This gives them a 24.6% interest in your Company.
Furthermore they have come to an agreement with Fortress Financial Group, Inc. who has undertaken not to dispose of any its "free trading" shares in your Company; and to co-operate with the Private Equity Group in their takeover bid for this Company. Fortress Financial Group, Inc. served notice to this effect upon your Company at 10h00 EST this morning.
The Private Equity Group, together with Fortress Financial Group, Inc. have now rendered the 51% voting control given to certain Investment Groups null and void and have effectively raised the stakes in what may, or not become a bidding war for this Company; this is entirely dependent upon any other serious offers for your Company.
It seems extremely likely that this Private Equity Group wishes to acquire 100% of the Company, and to then merge it with another Gold Company already under their control.
The Private Equity Group has made it extremely clear that they are going to be hostile going forward, primarily due to your Board not accepting their offer immediately. They are now in the process of approaching other stockholders with the intent of purchasing their shares of the Company's Common Stock. They intend to file a Form 13(d) with the SEC to this effect.
The Board of Directors has been contacted by stockholders who wish to remain as long-term stockholders in this Company, and have no desire to sell their stockholdings at US$0.025 per share to the Private Equity Group. Based upon these facts, the Board urges stockholders to exercise caution in their dealings until such time as we are able to provide them with an accurate valuation of this Company's assets.
Read Fridays PR, beteween the Investment group and FFGO they have 51%. FFGO is in coohoots with the Investment group and FFGO is going to cooporate with the investment group to gain full control (100%) of HGLC.
Guys and Gals I have a question, we all know that the Investment group and FFGO together have 51% of hglc shares and it is real clear they are going to pursue 100% of the shares out right. The Investment group offered .025 cents per share and HGLC basically said they would think it over which pissed them off and they are gonna try and get the shares on the open market. My question is who would compete for HGLC's shares on the open market? Would HGLC buy back their own shares trying to gain more percentage of their own company with the 50 mil they have or would another investment group that wants HGLC create the biding war? Also, do think that FFGO is still gonna use the 50 mil they now have to acquire shares now that they are in cahoots with the Investment Group? The last comment I found interesting about the PR was the last paragraph informing share holders not to bite on the .025 pps if offered by the investment group without a fair evaluation. Any thoughts.