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HILL just jumped in to the .0004 also
4. WILL THE COMPANY EFFECT A REVERSE SPLIT OF ITS COMMON STOCK:
The Company will not contemplate a Reverse Split until such time as we
can be absolutely assured that we can protect the stock price, post
any split. In my opinion and based upon this Company's history of
unsuccessful Reverse Splits, I will not be entertaining the idea of a
Reverse Split at this time. The Private Equity Group has made it clear
that they will not support any Reverse Split.
HDSN just jump .0004 with ETRD
here comes the .0006
news out
News for 'FFGO' - (Fortress Financial Group, Inc. -- Additional Clarification Company Clarifies a Number of Issues Raised by Its Stockholders)
NEW YORK, NY, Aug 01, 2008 (MARKET WIRE via COMTEX) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) announced on July 24, 2008 that the Company had resolved to distribute an amount of US$400 million of its Gold Assets to its Stockholders, in the form of an Extraordinary Dividend.
This Extraordinary Dividend equates to an amount of 1.24 cents per share of Common Stock based upon the outstanding shares of the Company's Stock at July 24, 2008. The Company receives an amount of US$500 million in quoted Gold Mining stock ("Goldco") in exchange for its stockholding in the "Bouse" and "South Copperstone" Gold Mining & Exploration companies. This transaction will be consummated in August of 2008. Our calculations of this valuation are contained in the latest Form 8-K filings with the SEC.
On July 31, the Company announced that a Private Equity Firm was set to control 51% of its outstanding shares of Common Stock.
The CEO of Fortress Financial Group, Inc., Alan Santini, pledged to stockholders that he would address each of their concerns in this Press Release. The main areas of interest and concern to our stockholders are listed below with Alan Santini's responses.
1. WILL THE COMPANY CONTINUE TO REPURCHASE AND RETIRE STOCK AFTER THE
ASSUMPTION OF A CONTROLLING INTEREST BY THE PRIVATE EQUITY GROUP:
The Company remains committed to further repurchases and retiring of
its outstanding shares of Common Stock; and in particular its "free
float." We have been given undertakings by the Private Equity Group
that this will continue and they support this strategy.
2. WILL ALAN SANTINI REMAIN AS CEO FOLLOWING THE ASSUMPTION OF A
CONTROLLING INTEREST BY THE PRIVATE EQUITY GROUP:
Yes. The Private Equity Group has stated that they support Alan
Santini and will back up and assist him in his endeavors.
3. WHY DOES THE COMPANY HAVE SUCH A HUGE AUTHORIZED SHARE CAPITAL:
I understand that this is a historical matter. Obviously the Company
does not require 5 trillion shares of Authorized Share Capital, this
was an error made some time ago. The Company has filed to amend its
Authorized Share Capital to that of 35 billion shares and will
decrease this number over time.
4. WILL THE COMPANY EFFECT A REVERSE SPLIT OF ITS COMMON STOCK:
The Company will not contemplate a Reverse Split until such time as we
can be absolutely assured that we can protect the stock price, post
any split. In my opinion and based upon this Company's history of
unsuccessful Reverse Splits, I will not be entertaining the idea of a
Reverse Split at this time. The Private Equity Group has made it clear
that they will not support any Reverse Split.
5. HOW MANY SHARES DOES THE COMPANY BELIEVE TO BE IN THE "FREE FLOAT":
The Company is awaiting the filings of Form 13(g) and Form 13(d) from
certain investors. Upon receipt of these filings, we will be in a
position to publish an accurate number. We do not want to mislead
investors nor stockholders. The "Free float" has been considerably
reduced over the past month and the daily trading volumes reflect much
intraday trading as the "free float" certainly cannot now be in excess
of 1.5 billion shares of the Company's Common Stock.
6. WILL THE COMPANY STILL BE PAYING THE EXTRAORDINARY DIVIDEND AFTER THE
ASSUMPTION OF A CONTROLLING INTEREST BY THE PRIVATE EQUITY GROUP:
Absolutely yes. They invested primarily as they saw our Company as a
"value play." They are 100% behind the payment of this Dividend. It is
of huge benefit and profit to themselves.
7. WHY HAS THE TRANSFER AGENT NOT YET CANCELLED ALL OF THE SHARES
REPURCHASED BY THE COMPANY:
This is a time consuming process and involves much paperwork. We are
awaiting stock certificates from a number of parties; and upon
receipt thereof, we will file them with the Transfer Agent for
cancellation along with all of the requisite paperwork. Stock
repurchased by the Company in the market can only be cancelled upon
settlement of these trades and then a physical stock certificate will
have be requested from the Broker; and these stock certificates will
be filed with the Transfer Agent for cancellation.
All stock cancellations will be up to date with the Transfer Agent
well before the "Record Date" of the Extraordinary Dividend to ensure
that there are no errors in the payment of this Extraordinary
Dividend.
8. WHY IS THE COMPANY INCREASING ITS STOCK IN HUNT GOLD CORPORATION:
The Company believes that Hunt Gold Corporation is way undervalued and
as it is already a stockholder in that Company, we see an opportunity
to profit from a takeover of that Company. We will continue to
increase our holdings in that Company and will keep up the pressure in
the hopes of a "bidding war" for that Company. To date, we have made a
sizeable paper profit on this investment. This a short term and
unrelated activity to our core business and being done purely for
short term investment gains.
Alan Santini, the CEO of Fortress Financial Group, Inc. commented that he hoped that he was able to clarify many of the issues raised by Stockholders. Alan Santini "hoped that these answers would enable stockholders to make logical decisions as to whether or not they should buy or sell the Company's stock."
Any further information required by our stockholders will be immediately provided, should they E Mail their questions to the Company.
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. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions, Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" 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$100 million comprised of quoted and unquoted Gold Mining & Exploration stocks (This is after the payment of the Extraordinary Dividend of US$400 million to stockholders) to aggressively fund a large number of acquisitions in the consumer financial services sector, initially focused in the Mortgage Lending and Banking sectors.
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 companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact:
Fortress Financial Group, Inc.
Alan Santini
Chief Executive Officer
Email Contact
Tel: (954) 840-6961
SOURCE: Fortress Financial Group, Inc.
CONTACT: http://www2.marketwire.com/mw/emailprcntct?id=B3DD85E23547A90C
Copyright 2008 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Manufacturing and Production:Mining and Metals
Source: Comtex Wall Street News
Compliments of Scottrade.com
Amir, the JUST IN on the home page is covering the girls face, the background white bar.
Maybe the R/S is delayed because they misspelled the info on the form
I don't have PM puffy, send me how to contact you
they probably live close to the office, my friend has a very powerful software that find anybody as long as he can get the full name and state, that would be fun, go ring the door bell at Jasons house a bunch of us. LOL
or Jason told him to put it down
I think he knows more than what many here think, why put the site down? something smells fishy and is not the tuna I had for dinner. Chef was right about this guy, haven't you notice that he stops posting and then comes out of nowhere to chat. Something is not right with this guy either.
can someone call the leasing office, this way we can know if they moved or remodeling. anyone has the # shoot I'm in Miami, but I'll if I have to.
Very true, I hope that is the case and he has no other option but to merge or sale.
this may sound crazy, but do you guys think that the R/S is a lie to get us to sell at .0001 or lower, Jason picks them up with the money he already took from us at a higher price and then calls off the R/S to sell the shares at a higher pps after a PR. Just a wild thought.
hopefully the the steal the used transformer that Phil said they were buying and dealey this to see if CEO his ADD problem straighted out and realize he is wrong about the R/S
True, but maybe other future investors can read this board and run to the hills, that wouldn't help our pps now or after the R/S if it happens any time soon.
no pro, just trying to keep my hopes up.
But we need to clear all this R/S links and flags also or it will not work, we need to remember that everyone including the MM's can read these post.
called Choctaw at 405-390-1458 and spoke with a lovely lady that said they are open and invogue is open also.
Just an idea, what if we play the same game they are play? what i'm saying is remove the R/S flags, post or link that refer to it, I raised my 20m sale to .0003 today, cause lets face it, no MM is going to put a bid on this if it sees 150m shares for sale at .0001, do you guy agree? This is the most pathetic CEO I have ever seen. Maybe is to our benefit for now.
Already down, just waiting to see if the MM's let me pick them up.
i'm down 6k on this puppy when it was ECFL, been lowering my lost by buying cheap little by little.
If JB puches that bottom tomorrow, I'm going to load up.
We can only hope, but I'll be happy with penny land.
This could fly like BLLB did last year from .0002 to 1.10
can someone send me the news?
thanks
holding since ECFL here.
I totally agree with you, save it for the end, after the coast is clear, then he can talk all he wants.
Oh my God, I'm so glad, I have a lot of money in this one and I thought I was going to kiss it good bye, I going out for a drink, you guys made my night. GLTA
Sorry, it said 11 minutes ago and i don't think is old cause they sign the letter, in the last news that was not mention, but in any case it was not my intention to mislead anyone, I was just happy since I bought in yesterday for the first time this stock.
news out:
VitalCare to open new Diabetes Treatment Centers in Indiana
14 minutes ago - Datamonitor
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VDTI 0.175 2.94%
As of 9:51 AM ET 4/30/08
VitalCare Diabetes Treatment Centers has signed a letter of intent to open two new Diabetes Treatment and Wound Care Centers in Indiana.
The centers will be administering the FDA approved iCAT treatment for diabetes and related wound care for Type 1 and Type 2 diabetes patients. These are the first of a series of centers to be opened in the midwest of the US.
Jimmy McDougald, CEO of VitalCare, said: "This is the beginning of our midwest launch and we are excited to be offering iCAT therapy to diabetics in this region."
So why don't you stop talking crap and go invest on nasdaq or amex, and leave us alone and stop bashing. If you are so worried about structure go play with the big dogs and stop looking into penny land.
i did talk to him, just warning others because the product is not going to move until this is done with.
maybe if all call and drive them nuts we can get some more out if them. Toll free: 1-866-242-0240
Guys, I spoke with Steve yesterday, he said nothing is going to happen with the product, until the legal issues are finished. I called the toll free number of the site, cause the local number was giving me an answering machine.
What we need is to stop trashing the stock, seat and wait for the good news to come. Guys look how long it took the 99only company to grow, plus they got establish in 1982. Market99 just opened, instead of crying about the losses, buy more now that is cheaper so you can lower your average. Them get out if you want, but STOP with the trashing.
people will always dump in their toilets. LOL I will NOT dump this sucker, cause when the PR goes out showing the profit and contracts signed, the ones that sold will dump on their pans for selling.
Phil is this true about news or speculating.
that suck, i got in to quick this morning
any thinks this will run tomorrow again