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Thanks, and yes the AS # bothers me. I understand the 152-10 AS issue. But if the shorts have covered and 80M or 100M shares have been reduced by TA; how do we get from 243M TA to 142M AS and 140M issued?
I know it was discussed the other nite but now it seems farther off.
Other than FGFC's website, does anyone know where the 142M OS shares came from? Was there a PR?
Put ICBX on your streamer; thet had news today
If one reads about ICAN/ICBX; there are many simularities to FGFC.
Both are in real estate
Both redused their AS from 500m to 200m per PR's
One did as FS; the other a 15% stock dividend
Both have mentioned OTCBB listings
Ican wanted to do audit, but too hard; changed symbol to ICBX;FGFC wants audit
I hope Hayter is not honest abe's mentor
findarticles.com...ican
Thanks, was thinking of getting in here; no way!
I look at the short squeeze data monthly. Hard to say how accurate it is. The number reflects short shares at only one point in time each month.
But is it not true that those whom buy the illegal naked short shares are reported to TA, thus inflating the TA number vs issued shares?
No, not if Roth is correct. 100M to be retired from prior mgmt and another 50M they are trying to buy, plus 15m Mgmt intent to purchase. Could be accurate; seems to size.
It looks to me that if TA has 313M, 72M float, 68M restricted, there is 173M short. Correct Roth?
Assuming what you say is correct, I was wrong. Thanks for the info!
To the best of my knowledge, A NSS position would not show up on the transfer agents' OS count. I will check tomorrow, but I believe the issued and outstanding shares from the transfer agent reflect share transactions from FGFC. Please, anyone feel free to correct me if I am wrong.
This is what bothers me as well. If the authorized is 152M; (142M per FGFC website;) how can the issued and outstanding be 313.7M per TA? This would mean that FGFC is diluting well above their authorized?
I could not agree with you more! For once, someone is taking a very objective look at XKEM.
I agree with you! If come Monday or Tuesday the OS is not down to at least 152M, the SEC should be contacted.
FGFC management needs to get off their duff and immediately address their share structure. The following Independent info can be easily obtained:
Authorized Shares.....152,000,000 as of 07/05/06
Float.................150,181,248 as of 07/05/06 Outstanding Shares....313,682,048 as of 11/02/06
Obviously this info indicates that FGFC management is issuing shares that are not authorized. Nobody is going to invest in this crap.
I could go on but I feel this is a good place to stop.
Good luck to all!
"So how much more can they dilute in 6 mos?"
From 12/31/05 to 06/30/06 (6 Mos) Xkem has diluted close to 912M shares. It is now 11/03/06. To my knowledge Xkem has not received any $ from the loan since a SEC filing has not occurred. Do the math.
I wonder what interest rate this new loan carries. I could be wrong, but I believe the $1.2 loan carried a 15% rate.
Just checking in!
If you have been "long forever," why did you post that you "made a fortune" on Xkem. You're pumping is getting very old!
So be it?
Share inreases are needed;need to take of the Chassman warrants!
Well mad...if you look at my history, I do not post so many times. I have read so many more posts!
SO BE IT!
Why would I tell you my private story when this is a public message board? Whom do you think I am? Please, respond to ME pulicly...no private messages accempted!
Hey longterm....I agree with you!
Hey Jabbermouth; you and the boys' have been saying that since RB...Have Xkem put it in print!
Sounds like a pump & dump to me! Just wait until 5B shares is approved.
Read the Balance Sheet....There
is no size.
$473,181....OH, that is worth a PR?
I am happy that I sold @ .011 this morning. Any pink that SAYS we will not explain our operations until 2007; needs to look at themselves.
In @ .057.....IMHO this must run.
Go to www.pinksheets.com and you can read the filings from any company.
If there is not much to file about why do you have so many questions. SEC filings give most all information relating to questions asked on this board; and more! How many warrants and at what price were issued for the line of credit?; etc. SEC filings give one a history of the principals', customers, material events; ETC! Pinks are just a quick trading thing for me.
GLTA
Well, Abe ought to make the time to be responsible and do his SEC filings. Most every question will be answered in the filings! No filings; no credibility; especially from a financial institutuon.
Please post the link for today's news? Xkem is voting in Oct. to increase AS to 5 Billion shares.
Mustard, thanks for the reply. I believe we think along the sames lines and it was a pleasure discussing FGFC with you.
All you say may very well be true, but it is pure speculation.
I am not a basher and wish all investors/traders well. IMHO FGFC will only be a flipper stock until Management tells the story thru SEC Filings.
I know pink sheet co's do not have to FILE! The point is pink sheet firms do not file for many bad reasons. They just put out pr's which may be true, but mostly not.
On 4/24/06 FGFC put out a pr stating that they are reviewing/considering performing the work to qualify for otc listing. I guess they are still thinking about it. To have any kind of credability the SEC Filings must be done. Well, in 5 months FGFC has not performed!
Overall, their plan sounded reasonable. To date I know of nothing which has been accomplished. The PR's are stale and noone knows what the hxxl management is doing.
Anyway, good luck to all.
If FGFC management would do their SEC filings, there would be no need for all the questions. The SEC filings would answer most questions, past and present. For some reason, FGFC chooses to release pr's, which don't mean anything. Not sure what FGFC management is trying to hide.
You are so correct. He has been pumping Xkem forever. AS to be increased, voted upon, to 5 Billion at the Oct stockholders meeting.
What you say may be true! FGFC is a Financial Institution. Financial Institutions do SEC filings. SEC filings give terms on all activities of the business.
We do not know the terms of anything. What we do know is what FGFC management is attempting to accomplish thru their PR's.
Do not call me a basher!
I have never commented on events that happened 5 yrs ago; but I have DD'd them. I try to look at all sides. I do not side with pumpers, nor do I object to those individuals looking at the down side. The problem here is that if you do not praise XKEM, you are a basher.
That's the way Pumpers see it!