GOLD at a level to SELL! Late longs get out.
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Now it time for FFGO to earn us some cash and not just issue US worthless paper shares!
NOTE: Monday, May 10, 2010; First Quarter Results for 2010.
DYN is above 10 @ 20 DMA. Next level of res. @ 1.40 the 50 DMA.
Held sup. this morning @ 1.24 and broke near term res. @ 1.32.
DYN Support @ 1.24 at the 10 & 20 DMA's. Good entry point.
Yes, Bid: Good thing to be in small, however, we are in and me for a long time. In GWGO and received div's on: 8 sept 06, 10 oct 06, and 21 feb 07. Then R/S to GWGD on 15 may 07. On 9 oct 07 name change to FFGO and div's on 4 jan 08. Now it time for FFGO to earn us some cash and not just issue US worthless paper shares!
Proceeds - 4 mil. Loan = 0.0! to Stockholders.
Is there proven reserves? Is there a Total in oz's? The answer I belive is No. Also, No, pay out if you haven't been a holder since 7 Nov. 2005. I've been a holder of this stock since the GWGO days. And lately all I've been able to do is buy .0001; trying to sell .0002 for over 53 days. 7 days left on my GTC orders. Then back nto the end of the line to get filled.
I will add to position on Monday. If Dow & S&P trade to the up side. DYN will also need to hold support at 1.24. Buyer at that level.
Dose not work that way. The gold is under the ground; not in your hand.
Support @ 1.24 at the 10 & 20 DMA's. Good entry point if it trades that low to day.
Yes, Daily and Weekly Charts look great. In @ 1.19 2 days ago. High probability trade. Short term BTW 1.37 - 1.42. Longer I see Trading BTW 1.75 - 1.87
DYN is on the move!
FFGO will most likely issue another Form D. (Small Company Offering and Sale of Securities Without Registration)
Proceeds - 4 mil. Loan = 0 to Stockholders. "The company policy has always been and remains that the distribution of all proceeds, less the settlement of the remaining outstanding Loan Notes of US$4 million from the sale of the Company's Gold Interests, will be made in full to its shareholders and that policy will remain in effect throughout the duration of the impending transactions."
For every Buy there's a Sell. 350 mil. SELL.
Hey, @ 2. Been there for 37 days.
Now @ 1.
I'm getting 0 bid @ 2. 1's must have traded out.
508 mil. must mean its never coming back.
320 mil. means: NO DEAL.
HOD .0001
Come and get your .0001's!
FFGO has an asset; its company stock. If the news is good we would see some buying.
Right on Puppy. 5 Bil. about every month = Half Mil. @ .0001. A very nice way for FFGO to generate income.
End of the month, end of the quarter comming; look for some selling pressure today. FFGO needs to pay some bills. Easy day to pick up some more .0001's.
cbrad, comeback Monday we will all get rich then.
I have a 100 trillion dollar bill from Zimbabwe. But don't even feel like a millionare.
I've been @ .0002 for almost a month. It's a long wait. So get in line.
No one left to buy 2's
Once they sell the leases they are out of holding minning leases and out of business. Just a thought.
Pris. I would feel a whole lot better about this deal if I saw insiders buying a lot of stock. Tommrow is a dead duck. Dump them all @ 2 maybe let a mil. ride.
U All R chatting about your .0002's being in. But, not to be filled before me. I've been offering 2's for 3 weeks now 1.5 mil the rest at 3 and 4. Good Luck! Still way to many @ 2. Been in this since 2003 maybe 2002. Just to long.
You can pick up all the .0001's you want today. How about someone paying up. Like .0002.
Accumulated? For every buyer there's a seller. They are selling today.
FFGO paying some bill with our dime.
ITEM 8.01 OTHER EVENTS
ISSUE OF RESTRICTED SHARES OF COMMON STOCK IN PARTIAL SETTLEMENT OF AN OUTSTANDING LOAN NOTE
On March 4, 2010, the Company issued an amount of 4,000,000,000 (Four billion) shares of its Common Stock to Abaxis, Inc. in a partial settlement of a Loan Note issued on October 1, 2008. These shares of Common Stock were issued at a price of US$0.0001 per share of Common Stock, equating to an amount of US$400,000.00 (Four hundred thousand dollars).
On January 27, 2010, the Company issued an amount of 2,500,000,000 (Two billion five hundred million) shares of its Common Stock to Abaxis, Inc. in a partial settlement of a Loan Note issued on October 1, 2008. These shares of Common Stock were issued at a price of US$0.0001 per share of Common Stock, equating to an amount of US$250,000.00 (Two hundred and fifty thousand dollars).
On October 1, 2008, the Company was indebted to Abaxis, Inc. in the amount of US$1,424,000.00 (One million four hundred and twenty four thousand Dollars). This Loan Note bears interest at the rate of 10% (Ten percent) per annum.
As at March 4, 2010, the Company is indebted to Abaxis, Inc. in the amount of US$774,000.00 (Seven hundred and seventy four thousand Dollars) plus accrued interest.
These shares of the Company’s Common Stock issued to Abaxis, Inc. were issued in reliance on the exemption from registration under Rule 506 of Regulation D.
The Company has now reduced its outstanding debt by an amount of US$900,000 in and during 2010.
AMOUNT OF THE COMPANY’S SHARES OF COMMON STOCK ISSUED AND OUTSTANDING
As at March 4, 2010; the Company has an amount of 40,562,377,817 (Forty billion five hundred and sixty two million three hundred and seventy seven thousand eight hundred and seventeen) shares of Common Stock issued and outstanding.
The Company is at this time still seeking to cancel an additional amount of 3,000,000,000 (Three Billion) shares of its restricted Common Stock that were issued to two former Consultants to the Company. To this end, the Company has placed an “Administrative Freeze” on these restricted shares of Common Stock registered to the two Former Consultants and will be seeking an order of Court for the cancellation of these shares of Common Stock.
Everyone here is RIGHT! Right now: You can get all the .0001's you want and then offer .0002 getting filled about 2 months from now. With 54.3 Bil. shares outstanding what more can you ask for.
And before that it was GWGO: I've been in this stock a long, long time.
Remember when FFGO was GWGD (Great West Gold Inc.) May '07 R/S 1/2000.