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It is not my fault, there are ghosts in my computer and in my head. Help me!!!!
Dufus will not make the deadline, he will find a scapegoat but will probably starve and cook that.
No faith in the idiot to even file that on time, many we should all hold a bet to see if he will file on time or late.
It does not matter of when you bought last year or today, no date has been given for the current divi's recently pr'ed. A set date must be set, when that date will be no one knows. f you buy today, you will be ok.
Exactly Ordinary, not dates given. He stated when he returns he will start the process of cancelling shares did not say I will have it completed. Things take time, but things will start to happen soon...
RC, invest even a small amount and see what happens, wait along with us. V is positive and so are many others. Again we invested what we can lose. So far Alan has yet to steer us wrong. If after August nothing starts to happen then so be it. But give it a chance.....
From today's news: No Date Given! Can we still say WEEEEEEEEEE!
1. ENLARGED EXTRAORDINARY DIVIDEND OF GOLDCO SHARES OF COMMON STOCK...
The Company cannot file to set a "Record Date" for this Stock Distribution until such time as it is in possession of the Goldco shares of Common Stock...
2. SECOND DIVIDEND; THAT BEING STOCK IN ALAN SANTINI'S NEW COMPANY:...
Once these deals have been agreed and this Company is in possession of the stock in Alan Santini's new Company; this Company will set a "Record Date" and "Pay Date" for the distribution of these shares to this Company's stockholders...
3. THIRD CASH DIVIDEND IN RESPECT OF THIS COMPANY'S STOCK HOLDING IN HUNT GOLD CORPORATION:..
The Company announced on August 19, 2008 that should the Company obtain a price of US$0.03 per share for the "free trading" shares, that being at the last bid price for Hunt Gold Corporation; this will result in a cash injection of US$14,490,000. Should this be achieved; this will result in cash dividend for this Company's stockholders valued at US$0.00051 per share.
Now surely anyone here can understand what those statements mean. lol It only requires 6th grade reading conprehension.
Santini lied when he told everyone that it would be done this week.
No he did not give date at all. Most likely things were not to happen until the end of the month. He also stated in a PR he is out of town this week and will next week and start the process, still no actual date.
Can we say "WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!"
These are great questions, but was it not stated that FFGO will be dissolved or sold and no longer exist.
This is too funny, he forgot the payment. Hey I forgot to add more shares to cover the 6:1 as well.
When does it end for the dufus!!
Anyone have a Dufus sighting, they did find bigfoot, but again that was fake too!
Bobbybdb, you hit it right on the nail. While shares are in our account MM are distibuting what they feel they can get away with, but not forseeing that when shares are being cancelled and the amounts are being lowered the price of the stock goes up.
When the price does hit a certain level and there are no shares, but IOU, who is paying our accounts?
If done right, which I hope it is, even the small player who only has a 100,000 shares in their account will be worth money.
Looking for the dates to be announced this will be start and it starts next week with the cancellations.
Hopefully all these naysayers will just use a 100.00 to invest in this and see what happens. I am looking forward to Alan coming through!!!!!!
This will add to his creditablity and for the next company he will be running.
pickstocks, Don't forget that all shares are in STREET NAME, so when the brokers put IOU'S in our accounts and there are shares in street name, that would in effect double the amount issued.
If one share was issued and put in broker name, that share was placed in the clearing house depository,then the broker turned around and allowed another client to borrow that share, the client in turn sold that share short.
At the same time the broker placed a marker in your account, that means there is a representative marker (IOU) in your account while the actual share was loaned out and sold short, doesn't that equal two so called shares.
Now as long as every shareholder does not request certs at the same time the broker has no problem, guaranteeing that your position can be sold on demand at market value (BID).
When you sell the broker is off the hook with his IOU'S and your position is moved to a new buyer, (not the share, the position.
So you can see that for every share purchased with cash the brokers loan one share out and generates another one for our account.
To answer your question
"If all shares are accounted for and very little selling but buying up a lot more, where are these air shares coming from."
Me too!!
Including any brokers or brokers MM'S that are short.the DTCC will clear the dividend by paying up front, then they will force the brokers to repay the DTCC.
So far, in a past PR, it was stated that all shares where accounted for and FFGO has bought over the amount to account for all shares and then some.
Here is the thing, DTCC may payout the dividend, then collecting the money from the Brokers.
If all shares are accounted for and very little selling but buying up alot more, where are these air shares coming from.
When alan comes out with the date, then MM's have to cover what they have sold and will be looking to buy back, no one is going to sell, waiting for the divi.
What if the MM's raise the price of the stock, can they raise the stock to get people to sell and how high can they make interesting?
For the stock to be on a higher board, other a penny stock or otccb, the price has to be at a dollar or above or it will lose its status on the board and move to a otcbb or pink stock.
He did state the company was on a higher exchange so even if the reverse split did occur, it has to be still over a dollar to be on Nasd or NYSE.
Currentplay everything is in the pr's. You can read them as often as you like. We understand you are not pleased with this stock, you say it over and over, buy into it, the price is right who knows you make make some money.
Be patient and we will be get more at .0001 if the people keep bashing the stock. Thanks to them we can get more at a lower price before the pr.
Why not post something while Alan was in charge. Again that is over two years old. Alan has only been at the helm for a year.
End of August is next week so Alan has a few days to get everything done. I believe we will see something this week no later then wednesday of next.
The price of the pps is low enough for anyone to buy, spend 50.00 and you will make something if the divi happens, better than nothing.
any news
You are right, I have just seen in the past people bail too quickly, lets see what happens here.
There is something that was mentioned and that was santini wanted to take shareholders with him to the new company, is he asking for people to hold and the new company will buy those shares into the new company?
Oh and the big thing is this is giving others to buy in on the divi, thus bring the price up as the dates get closer. Sure there will be a sale off soon as the date is mentioned, but at what price.
Do you really think santani is not going to fullfil this promise, especially if he is going to run another public company. The bashers would only follow him to that company. It is in his best interest to make true on the what was stated and allow those shareholders follow him.
.0001 x .0002 soon. EOM
This bad how? Say I spend a $1000 aquire 10,000,000 shares and I received a divi for each share at .01 and make 100,000 how is that bad.
Me Too!!!! I lost over that @@@@@ you fill in the blanks.
How much longer before dufus gets the hammer?
I was able to fill 7 million at the bid that is a first. Anyone know what is about to happen?
Of course, most naive traders see all of that voilume and think it is safe to go into the water. But eventually the wash traders clean out all of the latent bidders and the stock crashes. They get the money. You get the experience.
OC, you only lose when you hold on to the penny stock for too long, I am assuming you have this experience!!
Thanks for the updates, why don;t make videos on to trade penny stocks since you have all this knowledge
buy more!!!
Good one Goldie! Show the shorts, I for one, my shorts are cars...
The only shaking feeling you will experience here will be the result of Lumb holding you upside down by the ankles trying to shake loose the change from your pockets.
OC, Lumb can do whatever he wants just get the price up.
It will drop some more for what reason i don't know, but will go back up before the end of the month. Lumb wants this and not sure why, but I don;t care, I am looking in to the short term and selling as it goes. I will buy more as reaches a lower price.
Nervous, the trading house has to honor them, you did not buy them short, hopefully and when it comes time to sell high, sell. You will will still get the sale. Do not worry, the trading house if they sold short have to honor on their side and will lose not you.
What's going to happen the next 3-4 weeks, that's all I care about right now!!!!!!!!!!!
Can we get an AMEN on that!!
Most often, chills are placed when a stock has taken off and certs can not be verfied due to lack of reporting. While Trading houses are to turn in iformation of sales and buys, and do not report shorting of stock in a timely manner then yes there is going to be a discrepency in the amount of shares.
OC, I still want to know what is your interest in the stock did you buy at one time, or do you have any. Someone who takes this much interest should be invested.
Just go back to my post in a year and the PPS for this garbage will be .0001
Cashcow, you may be right, but I will not be in it in a year. My goal is make my profit short term and be out as we were told by a certain individual.
we are not here to marry the stock.
So FFGO is no longer the group taking control of the company, the private equity company is. What can this do for HGLC pricing in the stock? Will it go down or stay right where it is?
There some people who are negative about what could happen, lets try some scenerios?
we have one person who has 5 million shares of FFGO (bought at .0005) and 1 million HGLC (bought at .004). The investor is not long term but in it to make some profits.
FFGO is about to announce a Divi that could help bring there price up? They also will be adding a company as an asset once the take over is complete.
HGLC is not at the value it should be and FFGO is going offer at least .03, what price do you think it could go, once the merger is accepted.
Take the following information, if the investor has at 5 mill of FFGO and 1 million of HGLC what kind of profit do you think the investor could make.
Being that this is a pink, it could also fall through the crack, but again it could also happen.
Tell us what you think.
It is sad, that even through it all still see no fault on dufus. Late filing along with false filings. Forget about what the market is doing, if he wanted to bring down the sec then he needed to legit on his part.
Here is a question, is Dufus going to make some excuse for him not to be there at the hearing like he did with filing, the Fedx guy was as fault. I would think for one last save for his flock that he would promote that he would be there at the hearing to try and do one final save and at least show up!
maybe even make t-shirts-I had a Plan, but the ghost in the Govt brought me down! Heck I thought he was a business man with opportunities, this is an opportunity to make money for him.
Dufus get a backbone and do something!