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Just one other item.......
"....A large portion of the shares of Prime Time Group, Inc. Common Stock received from the sale of these Gold Mining Exploration properties will be distributed to the Company's stockholders, at a "Record Date" to be announced in the future, this being conditional upon the successful conclusion of these transactions......"
So there is going to be another 'record date' for 'eligible' shareholders? I understood these shares held in the mines sold were already 'allocated' to those shareholders already on record.
Where am I missing something? It just seems like they are trading thousands of bits of worthless paper back and forth - or should I say - promises of thousands of bits of worthless paper.
ISN'T THAT A LOVELY phrase .........'unlocking shareholder value'
Both companies are doing it. That is what it is all about. It's heart warming to know that there are still some considerate CEO's in this turbulent, manipulative bent, world.
As you read through the full 'bumf' your eyes may alight, like mine did, upon an interesting bit about the PR7 chain of convenience stores which are majority owned by Prime Time. It mentions that their future will be decided by BOTH companies. Both companies?
How would we be concerned by what Prime Time owns? Ah, but Prime Time is also 'changing direction' and going in for a name change.
And, changing its board.
From this it appears that FFGO are to be paid either wholly, or partly in shares of Prime Time. And if FFGO is going to be determining the future of Prime time's convenience store chain, and retaining an interest in the mines it's unloading, then it is likely that some members of Lumbs team (perhaps himself) will be on the new board of Prime Time (under its new name no doubt).
Well, it seems they are both worthy bedfellows - birds of a feather nest together.
There is something that sticks in my mind like those warnings such as 'beware of Greeks bearing gifts' and that is - 'Beware of companies which change their names' especially 'pinky pennies'.
So, you guys holding hundreds of thousands of shares, don't start
looking at yachts yet. Not only can you not make a silk purse out of a sows ear, you can't make a decent company out of two 'shi*y' ones.
The only thing on our side is - it can't really get much worse.
And that its price doesn't have to go over .02 to double its value.
At these prices you have to hold a lot of shares for it to be worth anything, and if the volume is not there, you can't trade them to make a profit. On the top of this you have the large percentage gap beteween bid and ask.
NOT QUITE SURE WHAT YOU MEAN Peter,
"......If these 5 Goldmines do bear fruit and Gold probably goes to $1000 within 6 months, then surely KEEPING the 2 New Company Shares will be the RIGHT decision???? "
What 2 New Company shares?
WHO TO CONTACT
http://www.pinksheets.com/pink/regulators.jsp
.: CONTACT REGULATORS
If investors suspect fraud or manipulation in an OTC security, they should contact the appropriate regulators immediately. Email, send a letter or call any of the regulators that oversee the securities industry. Include in your letter copies of any important documents or letters you've already written to resolve your complaint.
If you believe that you have been defrauded by a broker, securities firm, investment advisor, or other securities professional, you should file a customer complaint or a regulatory tip with FINRA Regulation.
If you believe that you have been defrauded by company or a stock promoter, you should file a complaint with your State Securities Regulator or contact the U.S. Securities and Exchange Commission (SEC) Office of Investor Education and Assistance.
enforcement@sec.gov.
Here's one e-mail address don't know if it's the best
IT IS BEGINNING (Beginning?) to look very much like Lumb is playing for time - time to get his hands on money from any deal
on his Mining portfolio.
There has been no PR's on any progress on the Financial Services venture. That, to me, would be a small effort, but a considerate one - that is if anything had been done except produce a not too inspiring website in some third world country.
The only assets this company has at present is that Mining portfolio. And we have little idea of its value. However, it must be known, or how else could they be about to close a deal on it. No serious company would buy something upon which the value had not been estimated.
Any value would do for a start.
I would have thought that those shareholders to whom have been
allotted these shares - in fact, are supposed to have received them, should be entitled to have some idea of their value
Another thought came to me is that he has set up another company. or has an interest in one to which he is going to sell
his mining assets at a give way price - way below their current value which has been rising daily. Gold did hit over $800 on the futures for a while yesterday.
It is possible in the current climate, and the foreseeable one, that any land which has precious metal potential has, at present, 'big buck'value. But, from my knowledge of this sector, the very big money has still yet to come. Look at the ETF GLD how it has been rising since it came to market - only last year.
Just thoughts I'm sharing. All may end well, but better not take chances. I think that now we have again some contact with the company (we didn't for a while) we should keep up the pressure for more information on where we are going, and what we have a share of.
Keep up the pressure. Don't let them go to sleep. It is only pressure that gets results. No one likes it. It will also let Lumb know to be careful what he's about as there is a BIG VOICE out there.
I took on our Local London Goverment a little while a go. I took it to every source I could think of, among them, - the Ombudsman, the Central Government, the House of Lords, and threatened with the media (but kept them as a last resort back-up)
Didn't relax, just kept up the pressure - emails are fantastic especially when you send copies to all those concerned and they each see who's getting the message.
It's our greatest weapon today when used right.
Yes, in the end I won, and they had to pay me for my trouble - the Ombudsman who earlier had sided with 'city hall' negotiated the settlement. (I had even threatened to take the Ombudsman to the HIgh Court)
We all (both sides of the Pond) still have what is left of a 'free and democratic' society (though I fear it diminishes a little daily) SO , as they say about many things - 'If you don't want to lose it - USE IT!
Bon Chance
When you write to FFGO show that you send a copy to your broker.
Even the SEC, and/or whomever, if things hot up.
SOEZAGOTCHA, think you got some posts mixed up - easily done, when there's a few. No, I merely asked if there was anyone who did live near there. It was really out of curiosity to see the lay of the land you might say.
I also know that in the UK, 'near there' would mean perhaps 10 or 20 miles, but in the US it can mean 100, perhaps more, especially in remote areas.
I have a residence in Sarasota, but these days I am mostly in London - so much happening over here with expanding Europe. And now we are linked with super fast train to Paris - maybe one day our meaning of 'near there' will change. (Also don't like being too near that madman in the White House - we've got rid of his side kick Blair)
As for FFGO, we can't say it isn't giving us some excitement for our money. I am interested in how it all plays out, learning just what a real scoundrel can get up to with his 'scams'. Especially as I am also interested in this particular sector of the market.
They say, about once in a few decades, gold can really 'shine'
and make you lots of money, and that time is coming up again.
We shall see, Bon Chance!
(just hound your Brokers who will hound him until you get those
shares in your 'bank'.)
Had a feeling it might be. Thanks for the info. You live near that area, I suppose?
Something that occurred to me is that Lumb could have already been running up 'setting up', and 'adminstrative' costs on his financial venture that will soak up the profit he will get from the sale of the mines.
In other words - spending the money (as in salting it away) before he gets it so that he can declare insolvency. If he had deals 'near completion' with solid companies, he could probably get bank loans on the strength.
All this benign concern for the shareholders would be just to make it all look genuine. His advisers would have told him that what he was trying to do in his manner of transfer was unusual, and that it would cause delays and confusion.
And, so far, my business psychology knowledge tells me that
his website effort for the Unitrust Card is a non-starter.
I would want to see some more evidence on how he is going to attract business.
There is nothing, so far, that shows me it can attract customers - any, never mind enough. It will need a lot of expensive advertising and promotion - and this takes money.
All this, I agree, so far is supposition, This is just another 'option' I have thought of that he could be working.
If, and when, those eligible get their promised shares, it will look a little more positive. So, let us know any of you that receive them, because once you get them that will mean any benifits that accrue from any sale, you will receive to the proportion of your shares.
CHEVY56 Thanks, Yes, there are many such cases on record. It's the nature of mines.
I wonder if anyone lives down near that location:- The Mockingbird Project consists of approximately 2500 acres of mineral rights located in the heart of the historic Mockingbird Mining District, about 50 miles (80 kilometres) southeast of Las Vegas. The project area is on federal lands about 5 miles (8 km) west of the major Las Vegas / Phoenix highway and within 10 miles (16km) of the Colorado River.
It would be interesting to hear their report from a drive by visit. A few words with the locals would soon let you know if 'thar's gold in them thar hills.'
Heh, Shortchange, my broker never sends me kisses - and so many, you must give him lots of business (smile)
WHY I BELIEVE IT IS IN THE AREA of the gold mine assets that Lumb is hitching his wagon in the hope of extracting more cash from the venture - probably, at least for him, BIG BUCKS.
First let me give you this quote from an article released some time ago which I noted at the time, but probably is still somewhere on the internet:-
".....Explosive Juniors - These are companies that for the most part possess extremely small market capitalizations, no reserves and no earnings. When drilling results are disappointing these stocks can plummet in price.
But if gold is struck these stocks can fly through the roof. One of the most notable of juniors was Bre-X which climbed from 0.15 C$ a share to over 28$ (post stock split) in just over a year on the news that its mine in Indonesia was maybe the biggest find ever (possibly 200 million ounces of gold).
Then just a few months later Bre-X's shares plummeted to zero on news that its mine in Busang was the biggest fraud of all time.
However, in a full-fledged junior bull market (like the one we saw during the first half of 1996) the price of almost every junior, regardless what they have in the ground (which for most juniors is nothing) will skyrocket.
We will again see this kind of manic rally ............"
Then there is this information from 2004 when Great West previously West African Gold, was acquiring some of these mines like MOCKINGBIRD. This is one of the mines scheduled for distribution to eligible shareholders (if all goes well):
West Africa Gold Inc. Acquires Arizona Gold Mining Interests
Market Wire, July, 2004
West Africa Gold Inc. (OTC BB: WAGI) announced today that it has now completed the acquisition of additional and extremely promising Gold Mining properties, these properties being situated in Arizona, USA. The entire cost of the acquisition of these Gold Mining Properties is being settled through the issue of Restricted Shares of West Africa Gold Inc. Common Stock.
The first North American Gold acquisition by the Company is Golden Sierra Limited which owns the Mineral Rights to the Mockingbird and Great West Gold Project areas in Arizona, USA and comprises of 4 claim groups spread over 2,500 acres in Mohave County.
Previous summary sampling indicated an inferred resource of 10 million tons with Gold grades of 0.1 opt with additional resources of silver and copper. Underground operations and an open pit have previously been established with initial assay results and informal sampling confirming widespread surface gold mineralization some of which is high grade (2 oz. / T) Gold.
The Mockingbird Project consists of approximately 2500 acres of mineral rights located in the heart of the historic Mockingbird Mining District, about 50 miles (80 kilometres) southeast of Las Vegas. The project area is on federal lands about 5 miles (8 km) west of the major Las Vegas / Phoenix highway and within 10 miles (16km) of the Colorado River.
The above is only a part of the portfolio. These virtual holes in the ground can rocket in value once gold fever takes hold. It can happen suddenly, and without warning. WHY?
Because the market cap of the whole of the gold mining sector is less than a number of the single largest companies on the big board - like Microsoft for instance, or Google.
And if any of them did hold gold in any quantity, you would think you had won the lottery.
But don't forget, from what we have seen so far, the slimy toad
(unfair to toads) Lumb will have worked out ways he will finish up with most of the cash. So, keep on to your brokers. They are the ones who can put the pressure on if it starts giving them lots of hassle.
YOU HAD ME for a minute. PM to me stands for Precious Metals which is my area of main interest in the markets - gold, silver.
I think you mean - private messages? I have received them, but I do not think I can send them. You could try, maybe they will let me reply, but not originate
HERE IS JUST A THOUGHT..................I have been trying to figure out all the angles for a scam. In other words, what can Lumb be up to. This is a POSSIBLE one.
All along, Lumb has felt that his 'hen to lay the golden egg' has been GWGO's mining assets. He would have been well aware even a year ot two back when he took over the company that gold was on the move upwards, though at that time slowly, probably too slowly for him.
The 'mines' have no employees probably cost nothing except perhaps land taxes as they sit there. But all the time, that land, assuming there was potentially gold present, would have been gaining in value.
Now he sees that possible dramatic rise in POG is imminent. The world banking system is starting to crumble, inflation is on the rise. Countries where the people love gold have been getting richer - China, India - all of Asia. Everything is favourable.
He needs to get his hands on the money, and to do that he has to sell them. Any legit company, and it will NOT be another 'pinky', will want to know that all is in order before they would complete any purchase.
At the present, he is probably frustrated because he can't get the money until he has completed everything in good faith. This is no doubt where his past has caught up with him. It would not take much research to discover what a scoundrel he is. So, they will take no promises.
The possible 'shell' Unitrust Credit Card business could be a 'blind'. It provides the 'reasonable' excuse of why he needs the money, as in where he is going to put it. If he did not have anything, alarm bells would be ringing very loudly. Just think of how we would feel if there was no 'other venture'. When he was trying to sell the mines, we would have known he was winding up the company. So, there HAD to be another 'shell'.
Once he has got 'CASH' into the business, it will not be difficult for such a guy as Lumb to find a way to make it disappear, and then let the company go under.
I would say to anyone who has shares to come in the names of these companies being sold to make sure they get their hands on them. They may be the only ones who come out on top.
Not saying this is the likely one, it is just a thought. I hope all will go well. It's just that something 'smells'
especially since I read the reactions of the 'brokers'to the way he wants to conduct the transfer of shares.
If it is something long drawn out and complicated he might talk the purchasers of the mines to complete the deal on the strength that all is moving OK now it is in the hands of the brokers.
Now how do I think these things up? Its my time served in law enforcment - criminal law in the UK, I like to solve crimes.
MY US ADDRESS IS ALSO NEAR Bradenton - SARASOTA. But I am mostly in London.
Bradenton is VERY close to my home.. I am surprised to see the address listed...
HAVE BEEN READING through the last PR above, and some of the earlier ones. Yes, scam flashes loud and clear if only because of what we have learned about Lumb.
If, there was nothing else, to me, that e-mail he sent one of his investors (nothing to do with GWGD) and which I, and others have posted here in the past, was one that could not be ignored in judging the man.
In fact, it was incredible that a CEO would put such a condemning outburst in print.
However, having said that, if gold continues its move as it is doing, there could well be some hidden value in this company, purely and simply from this gold portfolio.
This could be why the company has let the stock price go down. It could well have been buying them back itself for less than peanuts - all it could get its hands on.
Put yourself in that position. You have an asset whose value has
never been really declared, only hinted at. People invested (speculated) on that value being realised.
However, once you have drawn in the money, you run it down still holding this 'unvalued' (except perhaps to you, and your 'scam cartel') asset.
You act in a way that will shake people out as you pick up the shares for nothing. Meanwhile something else is happening - big time:- That 'asset' has been considerably increasing in value. (and you and your 'cartel' are holding most of the shares).
There is no rush, because the 'asset' is continuing to increase
and it is costing you nothing - just like a piece of valuable land.
On the big board, companies buy back their shares when they consider them undervalued (there are other reasons) But in those
high profile companies they are watched closely by financial wizards who can tell when the company is undervalued. So, it is hard to hide (deceive the investors)
There was something in the above PR on which I wonder if anyone knows the answer:
".........The successful conclusion of these two transactions
will leave the Company with a significant stock holding in two separately quoted Mining Exploration Companies.
It is intended that the Company's stockholdings in these two companies, be distributed primarily to its stockholders, the balance of these stockholdings to be retained by the Company to create additional funding from a portion of the sales of these stock holdings to expand its interests in its core "debit card and payment solutions" business at a far more aggressive pace.
The Company expects to announce significant developments in this core area of our business, very shortly............"
What are the names of the 'two additional separately quoted Mining Exploration Companies' ?
UK PETER - AS THE CHINESE SAY - QUE SERA SERA. (Or is it the Russians, or the Welsh, I get them all mixed up) (smile) Such a melting pot, the world today. But good for an International Financial business.
No, did not get my shares until January 07. However, though everything is not quite clear, I believe FFGO will still have an 'interest' in their gold portfolio over, and above, that which they are committed to having already shared out (even though they have not been delivered.)
Most Gold Mining Companies are still lagging behind the rise in the price of the metal. Usually, they precede. So the market in general is very confusing.
We should not forget that Lumb is a South African, and, as such, will be well tuned in to the Gold and precious metals market. He would have seen this bull market in gold coming some years ago when he acquired GWGO.
He would also know that when gold madness takes over, worthless holes in the ground (that is non-producers) suddenly acquire value as the shares of the big producers get too expensive for the masses. And they can have the greatest percentage rises.
Not saying that will happen this time, times have been a changing, but some say that the 'delusions and madness of crowds' never changes.
I believe, that is about to be tested.
WHY AM I STILL ON ABOUT GOLD with FFGO? - When the company in which many of us are 'trapped' has moved out of the Mining business and into the Financial Sector.
This needs no explanation for most of you enlightened ones, but there are just one or two here that will jump on me (any excuse for them is OK, if there isn't one, they will make one) Don't believe me? - Just watch.
FFGO is still carrying its gold portfolio, and that is a good part of its 'assets' - probably the only part of value as yet.
We could well see what I predicted happen today - Gold will hit the $800 for the first time for about 30 years. If not today, then sometime this week. On the surface this can look exciting, and it is, because it's a psychological barrier broken.
However, when we consider how much the value of the US dollar has sunk since then, and how the world has changed, it's no big deal. For it to equal anything like the value it had when it was last at this level (30 years ago) gold would have to be well into the $1000's.
However, the way things are going, and going fast,if they emulate what happened then, eventually 'gold fever' takes over and some of these 'holes in the ground' called fanciful names like 'Gold Eagle Resources' or chose some of the names which are still on this company's books, rocketed to ridiculous heights.
I believe Lumb is well aware of this, and wants to be in a position to take advantage when the iron is hot. He can see what is coming, as it is now moving fast as the US dollar crumbles daily and appears it will continue to do so long as there are idiot un-Americans running the government. As one European said - of Bush - he's like a madman running amok with a cut throat razor
This can be done in one or two ways - here's a couple (1) sell out and find some way of cheating you out of your 'inheritance' or most of it. (2) use it as a big fat juicy carrot to pull more 'investors' in to finance his next scam operation.
The fact that the company held onto the proposed share distribution kind of forebodes the first of those options.
I have none due, so it doesn't really bother me. However, any of you with brains out there, and, say, knowledge of past actions in the 'pinkies'to come up with ideas on how he could do this and try to get away with it, share your thoughts. Better than just keep moaning the obvious. One should always balance the negative with the constructive.
We could then try to pre-empt (nice up-to-date word) his scheming, and point this concern out to him and that we will inundate the SEC, or wherever, with those concerns unless he comes clean.
MOST PEOPLE WILL READ and understand what I wrote. However, I fully expect certain ones not to, and seize the opportunity to voice their feelings on their misinterpretation. (As they always oblige)
Look, we all know by now, and have for a long time that this company has all the requisites of a scam outfit. To keep on about it, and expressing there is no hope whatsoever of anyone getting their money back, or even some of it, is now a pointless exercise. Look back at all the pages of posts saying the same thing.
We who are in ALL know how we got in, or fell in, if you like.
We are not dancing jigs about it, and I assume ALL want to get out - hopefully with something just for the hell of it.
If there is not the faintest hope, then write off your loss and move on.
Mentally, I have written mine off, so I am not disappointed if nothing materialises. For me, even if the PPS tripled or quadrupled, it would not mean very much. I made considerably more in about half an hour's trading last friday on the QQQQ than I would make if FFGO's PPS went to .30 on Monday (and that is a non starter)
My interest now is just seeing what this guy is upto. I somehow believe he is working on milking this cow more and that this should present an opportunity to get out. (No nothing guaranteed)
As I have said, if you, or anyone don't see that - why do you stick around and merely keep mouthing its a no hope scam. I don't think there is anyone left here who does not believe its a scam outfit...but......
".......No matter what I don't believe they will ever suceed after what they did.... The total lost of creditbility will follow... JG..........."
While there could very well be an element of truth in that statement, it overlooks, for many of us, an important fact.
It only has to increase the PPG (I mean a genuine one based on VPS (Value per share, not share 'soft shoe shuffle')
To those of us who are in, it does not have to succeed as a thriving, legit business. That would be cream on the coffee if it did.
It would also be good for our consciences to know that we were able to get out with some of our money if not all, without the misfortune of others.
It cannot be revived, however, as another scam without some increase of PPS - unless I am missing something.
The mind of the scam artist knows no bounds in what it can dream up. And with Lumb, he is just about a self confessed one
it has been revealed. So, I would rule nothing out. I have searched my mind (and as some believe here, I am pretty devious, well you have to be if you play the markets) trying to figure out all the angles (options)
Up to now, I feel another 'scam' coming but that will, at least for a time, present an opportunity for a quick - 'exit stage left'.
WHAT WE NEED to see is how he is going to promote new business
for the new business. Just having a website will not do it, no matter how good any new website is.
There would have to be a lot of first class PR that will stand up to rigorous scrutiny. I am not talking about to get new 'investors', but customers. It is a totally different ball game now.
The Message coming across loud and clear, at least to me, is that Lumb has been ordered to clean up his act if he wants to progress in the Financial Services sector. I believe this is what is holding things back.
Also, to proceed with the sale of mining interests to free cash for his new venture, he has to clear things up.
Therefore they will straighten out anybody who has a legit claim, I feel sure. They don't want any comlaints going to the regulatory authorities or nasty things being said on these forums.
I believe that these company CEO's(even Lumb) are beginning to be aware of the damage these sites can do to their image. They ignored them for a while but now there are so many 'interacting' sites of various types that are emerging to be a force to be reckoned with.
Youtube, Myspace and Facebook are now big names. The little guy is now getting a big voice (at least for a while until they find a way to silence us.)
As the dollar sinks, gold will rise. Once it passes $800 it will get a lot of media attention. Also, as it becomes harder to get credit, and people lose their credit cards, this should be good for the prepaid card busness.
Fingers crossed
THANKYOU! Never let it be said I don't appreciate a complement (smile).
(I'm just passing time until the market opens. The NASDAQ still heading north, pre market, which is good for my 'calls' so am in a good mood)
SO YOU ARE SPEAKING FOR EVERYONE again - who is being condescending?
Tell me, why do you read my posts, why not use the facility
this website provides and put me on ingnore'? Come on WHY?
Now it is either you know my posts are mostly interesting - well I do the research, I am well educated, and I make my living trading the market. And I share with you for free.
Allowing anyone to please themselves what they accept, or not.
I'll tell you this, my market views have been highlighted twice on American radio, recently. And they were well received
by some of the top analysts of the US Financial Markets Sector.
Or else you just like to argue, and write nasty things.
Do yourself a favour and put me on ignore and your suffering will go away. Just let others decide for themselves.
Icalkins I don't care if you were born in Buckingham Palace and your mother is the Queen. Do you speak for everybody?
You don't even know how many come to this site. They don't all post, or scratch certain people's backs.
Nowhere do I ADVISE in my posts. Even if I did, no one twists your arm.
The people who use these forums are a mixed lot, but they are mature and can make there own decisions.
The website provides especially for people like you a facility for putting a poster on ignore list. If my posts bother you use that facility and do not propose to speak for others and decide what they may wish to read.
I don't tell you what to post do I? When I do, then you can tell me to cease. And I will apologise and oblige
Now lighten up.
SORRY TO HEAR YOU are not feeling your usual pleasant self Stockster, and hope you will be better soon. Meanwhile, my thoughts are with you.
Take care
Enlightened1
STOCksTER Please feel free to post any THREATS I have made to you, or anyone?
However, you had to be chastised by someone about wanting to take me out to the corner of the car park wasn't it.
Want to take this to the site owners, we can go quitely and I will put my case with supporting posts. Because I am getting tired of this continual sniping.
I offered you my hand in peace, but you refused to take it. This was not for my sake but for my consideration for others.
I refuse to be dragged into your spoiling for a fight threats -
I will stick to my posts which are intended for those who can make up their own minds as to how they see them,
If they see them as pump, then let them ignore, as I certainly would.
Yes S5 I see others as mature enough to make up their own minds
and that they are on a website about the stock market, and a thread relating to FFGO, and do not need their 'backs covering' as though they are walking down some dark street in Iraq.
Your problem is that my posts are honest, and mean well and that is what you can't take. It gets right up your nose. You want to shoot this Brit, and from the beginning you have been
stalking my posts looking for that opportunity, and you will continue to do so. You have said so. I know it, and you know it.
If it makes you happy, and you have nothing better to do with your time, then, carry on.
It's OK Peter. Take no notice.
Taking pot shots at the British is a pastime in which SOME have to indulge. I think it is something about 'chip on their shoulder'. It's only some, most are decent guys.
Anyway, back to FFGO. Don't get too excited yet. It is still early days. We will know more if, and when, they get their
own website up and running. Being in the Financial Sector means they will have to play it a little straighter.
How quickly you change from post 6270. Short memory?
As for your sentiments here, I return the compliments. My feelings likewise.
If you don't don't find my posts helpful, simple, don't read 'em. If you see then as hype for the company as Stockster pretends he does - ignore them. Life can be simple, and happy, if you want it to be. Or it can be one of turbulence, and conflict, if you follow certain others.
And when you have to use such phrases as 'watching your back' that is a warning sign for sure. Was that honestly really necessary?
THAT MERELEY illustrates that my asking re the shares was only a rhetorical question. I was NOT interested in how many shares he, or anyone else holds.
As for caps. Tell your lodge member Rick, oh, and remind yourself.
NEED SOMEONE COVERING YOUR BACK RICK.. Has this place become so sinister.
You will find I have told how many of these shares I own. I don't care who knows. You have no need to answer any questions.... and 'friend' stockster HE DID NOT ANSWER. At least I never saw it, nor did I look.
Personally I am not interested, it was more or less a rhetorical question because of his concern at any further loss, from the low
pps at present. They are virtually worthless, without any future prospects.
This would have been seen by any person who is not looking for trouble
But you just cannot miss a trick to stir up trouble where it isn't. You have shown this so many times.
It is becoming a little transparent that there is a small click, so typical of these forums, who feel because they have been 'around' a long time it is their little private domain.
So they try to squeeze those out whom they perceive as a threat
to their control. Why anyone would want to 'control'and throw his weight around is beyond me. Why a website would tolerate such is beyond me, it puts others off.
Sometimes it is one person with two or three aliases to add weight and support to anything they say. This has been highlighted so many times on forums.
As anyone can see by looking back at many pages of posts there has been harmony here, until Stockster comes back jumping in where there was no problem, to create one.
But if Rick was not being honest in his post where he said there was no problem, and he needs someone to 'cover hs back'
(where are we, in the streets of Baghdad?)
Then you had better stick around Stockster and nurse him.
Anyway, any of you, if you don't like what I write. You find it of no interest, just put me on ignore. End of your problem.
I am not going to break out in tears, No body pays me for sharing thoughts.
Take a little doll with you to your next 'Old Timer's 'lodge meeting, put my name in it, and stick pins in it. Oh!, you've already done that......
well, I'm sure you'll come up with something else
Happy now Stockster, and Rick?
Love to all, keep smiling
AND AFTER THAT PROFOUND but irrelevant statement, what is it intended, by you to mean?
As you do not know my age, how do you know he has been 'around 'longer than I?
Or do you mean he's been a poster here longer? So one's contributions here have a rating according to how long one has been posting on this website?
Is that a rule of the providers of the site? If so, I didn't notice.
Rick responded to a post of mine, and made a point, I merely explained a little more my reasoning. Nothing bad in that, and nothing bad was intended.
I didn't see one in his post, and, I feel sure he didn't see one in mine. If he did, let him speak for himself - as you say, he's been around longer than I.
RICK, YOU SAY.................
I can accept all except this part-----And I am IN.
"However, for those of us who are IN, we really have nothing further to lose. We have suffered the pain. When you are at the
bottom, the only way now is UP. How far, is the only question".
What about getting DE LISTED. And it happens a lot.jmo.
Tell me, how many shares do you still own? I mean, if the company went belly up at the current price - how much more could you lose? 5000 shares is only $50. That is £25 hardly the price of a cheap meal out, for one in the UK. Even 10,000 shares is hardly the end of the world.
As for de-listing? From Pink Sheets?
Ask yourself, as I have tried to spell out, does not common sense dictate they would not have gone so far to let it fizzle
out, when they could have done it without doing a thing?
Come on Rick. I bellieve that SO FAR, the odds are in our favour that there will be an improvement in the share price at some point. How much, and how far, is anyone's guess. But I would guess that however much your shares are worth now, it could double without much problem.
You must be a gambling man to some extent, or you would not be in 'pinkies'. As such, you should see the odds are in an up direction in the near future if only to .02. I see, at least, .05
NOT QUITE SURE WHERE THAT FITS.........
From what I have seen there is very little protection, or even
sympathy, for 'pinky speculators'
However, now the company has entered the world of Financial Services, and the parent company is US registered, it may be a different story if there is any hanky-panky' from now on.
http://www.usatoday.com/money/markets/us/2005-11-10-pink-sheet-cover-usat_x.htm
"......... Unlike stock exchanges such as the NYSE, the Pink Sheets system is an informal computerized network that allows brokers to trade stocks and compare quotes. When an investor wants to buy a stock on the Pink Sheets, they contact a broker, who can use a computer to see what the stock is trading for, then contact another broker who facilitates buying and selling in that stock.
Stocks on the Pink Sheets system fall between the cracks of regulation. The NASD regulates brokers, not the stocks they trade. The Securities and Exchange Commission, with few exceptions, regulates only companies with more than $10 million in assets and more than 500 shareholders. Virtually no stocks traded on the Pink Sheets clear that bar.
'As a practical matter, smaller companies tend to fall below the SEC's radar and state regulators'," says John Coffee, securities law professor at Columbia University. "They're too small.'
That means a lot of latitude for anyone who wants to abuse the system. Only when a penny-stock scam runs blatantly afoul of the law or violates anti-fraud provisions can the SEC get involved.
The SEC has not released the number of penny-stock scams it has found on the Pink Sheets this year, which makes the boom hard to quantify. But a few of the SEC's recent enforcements show the range of tactics used to lure investors: ..........."
SOMETHING THAT STILL BOTHERS ME Anyone going to the website of the UNITRUST unit of Fortress Financial Inc and notes at the top that it is a subsidiary of Fortress Financial Inc., and decides to look up the website of the parent company, would be presented (on my search engine) first with:-
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19536 / January 20, 2006
Securities and Exchange Commission v. Fortress Financial Group, Inc. and Jeffrey A. Richie, Civil Action EDCV 06-00063 VAP (SGLx) (C.D. Cal.)
The United States Securities and Exchange Commission announced that it filed a complaint in federal court in Riverside, California against Fortress Financial Group, Inc. ("Fortress") and its CEO and president, Jeffrey A. Richie ("Richie"), for conducting an unregistered and fraudulent offering of Fortress securities. Fortress is in the business of providing 401(k) services to the clients of broker-dealers and investment advisers and employees of small companies. Richie, age 39, resides in Temecula, California......................
This has been posted before here in full. But it would be very off putting by anyone thinking about doing business with the company.
Of course, it is not our company, but people don't always see that. Why run the risk.
I am surprised that if the company means to go legit, or get this company off the ground they didn't find an unblemished name.
Even I would think of that, and I am sure many of you would. So, I ask myself WHY?
A BIT ON THE POTENTIAL
http://www.escapeartist.com/efam15/Wireless_Advantage.html
'........investors and vacationers in developing and emerging countries that are ready to benefit from the wonders of "Bypass Technology".
The next generation of high-technology infrastructure is ideally suited to the developing world. The wonders of the wireless world give offshore haven countries the ability to bypass today's state-of-the-art American technology infrastructure of telephone lines and TV cables and leapfrog directly into the emerging global network of networks.
Many emerging or third world countries are rich in natural resources, land, minerals and a cheap labor pool, but have not had the technology or financing to develop the infrastructure needed for major undertakings like utilities, telecommunication systems and financial services, until very recently.
Countries like Belize, Honduras and Costa Rica haven't been able to build a national telephone system using pre-satellite technology, which required a major investment in cable and equipment, but now, they will soon be able to provide every resident and visitor with a digital cellular phone for a fraction of the cost of the conventional wired telephone systems that requires a huge investment in infrastructure, manpower and capital financing.
With this new technology, which is being installed simultaneously with the graying of America, many of the emerging countries around the world are becoming the retirement home of choice for baby-boomers, as well as for the world-travelers among our Expatriate community.
Why? Let me count the ways!
Lower Cost of Living
The primary promise that brings new residents to third world countries is the ability to live on a fraction of what it costs in the more developed (and therefore more highly taxed) countries of the world.
Fortune Magazine reported in 1998 that over 600,000 American have become Expatriates. They just want to maintain their lifestyle or get away from a society that does not meet their lifestyle expectations or provide the most conducive atmosphere for achieving their financial goals.
Most Americans, "the poorest retirement savers in the world", approach retirement with the shocking realization that they will have to live on the meager benefits allotted by social security. Even those who can supplement this pittance with an IRA, 401K, or company retirement plan often fall far short of their goals. .................'
As you know, most of you, US banks have to report all deposits over a certain amount, not sure what it is but it is low. Even your broker also. Every day they are tightening up surveillance.
US Credit cards track all all your movements and purchases. Then there are the taxes. These countries where the mass of population are poor and have always dreamed of going to the US to make a living, are now becoming favourite places of santuary for those who have made it, and who have learned the good sense, to find ways of keeping it.
Easy travel, the internet, and mobile wireless communication make it easy to feel close to the 'old home' from their new home.
And it is getting better by the day.
Financial services, and payment solutions, is a great business to be in, especially where it bypasses government interference. Whether this company will be the vehicle to be driving along that highway in is something we can only wait and see. At least I feel we have a good chance of getting out with our money back, and perhaps a few bucks to spare.
Bon Chance!
IT IS VERY EASY TO BECOME OVERLY CYNICAL at this stage with everything that is released. I can understand extreme caution
and cynical comments from anyone on the 'outside'. By that I mean
holding no shares currently. They have reason, whether good or bad, I don't know.
However, for those of us who are IN, we really have nothing further to lose. We have suffered the pain. When you are at the
bottom, the only way now is UP. How far, is the only question.
The company is not playing to us, we are a captive audience because we could only sell at a loss, if we wanted out.
The company, legit, or scam, needs new investors - lots, and new money which ever way it's going. On what am I basing this? - COMMON SENSE. There is no other option.
Recent Technology is opening new doors in some of these once remote, off shore, potential financial havens. The deteriorating economic situation in the USA (much more to come) is sending many Americans, especially retirees, and others, scurrying for new tax havens away from Uncle Sam, and his interfering and prying eyes. I will explain more in another post.
I do believe, the more I investigate, that there is great potential in the area in which the company is moving. There is much more to come as we will see, I am sure, as we go along.
A deteriorating economic condition will work for us, not against us.
However, as I previously stated, Financial Services in any form is an area highly controlled, and I don't just mean by governments. This why extreme care has to be taken by companies, especially new ones, engaging in it.
They have to be careful what they promise and do a lot of preparation. It is far removed from buying some remote piece of land in the hills, digging a hole, salting a few bits of gold dust, hiring a crooked assayer, and selling tickets (shares).
This. of course, will help us. I also believe that this will take time. It is not going to be a quick run up fast buck scam. There is going to have to be a big PR exercise to promote the Financial Services, and it is going to have to be professionally done, otherwise you might as well forget it.
At least, things are starting to move, and common sense tells me that a guy like Lumb does not waste his time and money - not a minute, not a dime, for nothing.
HOPEFULLY, for all our sakes NOTHING.
However, we now know, or should, the background of Stephen Lumb.
Also, when anyone is doing background check on you, they note your zip code, or post code in UK. Even if you are 'honest Joe'
you are tainted by that address, or even area, if it is noted
for bad payers, poor credit risk, etc., etc., Even the police
are often influenced by the area you live.
Birds of a feather flock together is an old cliche. Certain countries, like Nigeria as an extreme, seem to be havens for those who like to deal from the bottom.
I am surprised you needed that spelling out.
COSTA RICA NO STRANGER TO SCAM ARTISTS
IRS warns of Internet Scam in Costa Rica
The U.S. Internal Revenue Service (IRS) is warning U.S. taxpayers of an Internet scam that has been popping up in Costa Rica.
The “phishing” scam involves a fraudulent e-mail that pretends to be an IRS request for personal information in order for the user to access a tax refund.
The scam asks for Social Security numbers and credit card information, and could also infect a victim's computer system, according to a statement from the U.S. State Department.
“The IRS warns that care should always be taken when disclosing personal information,” the statement said.
The IRS has busted several such schemes in recent years, like the case in which an e-mail told taxpayers they were being audited and that they could resolve matters by divulging sensitive financial information on an official-looking Web site.
In Costa Rica, the Judicial Investigation Police (OIJ) has received an influx of Internet banking fraud complaints in the last year, and is now investigating some 150 cases (TT, Sept. 7).
FOR IMMEDIATE RELEASE
Friday, May 13, 2005
WWW.USDOJ.GOV TAX
(202) 514-2007
TDD (202) 514-1888
Nine Charged with Fraud and Money Laundering in $80 Million Offshore Investment Scheme
Investors Allegedly Deceived Into Believing Funds Invested in Profitable Foreign Currency Trading
WASHINGTON, D.C. - Five people in Southern California and three others in Costa Rica were arrested this week in a federal fraud and tax case that alleges hundreds of victims were duped into investing tens of millions of dollars in a fraudulent offshore fund that claimed to invest money in highly-profitable foreign currency trading. The eight defendants, along with a ninth who is a fugitive, were affiliated with the Genesis Fund, a defunct private investment fund that the indictment calls a Ponzi scheme........
.........In Costa Rica, the Judicial Investigation Police (OIJ) has received an influx of Internet banking fraud complaints in the last year, and is now investigating some 150 cases (TT, Sept. 7).
If U.S. taxpayers have any doubts about the authenticity of an e-mail, they can call 1-800-829-1040.
DOESN'T MAKE ANY DIFFERENCE REALLY, if it were $100,000
With the choice there is available 'at home' who is going to risk sending $1000 to Costa Rica. There would have to some 'lure', some 'edge' (distinct advantage) surely. At present I do not see it.
People who are well healed usually are very careful where they
send there money.
Now, some people, especially older people with money built up over the years can very easily become victims to a scam - and do.
But there is always a lure that they are going to double or triple their investment, or provide a high percentage interest.
I have seen these people frequently on our TV programs as victims. But they have always been conned by these convincing
'promises' or some slick talking guy who calls on them, becomes a 'friend' then 'advises' them of some good 'investment'.
I do not see any opening for this so far with the operation
as depicted by their website.
So, whether it is $10,000, or a $100,000, I can't see enough people making it viable as it stands. I may be wrong, but that's the way I see it, and I have looked into a few scams in my life.
People with that kind of money have no problem getting any kind of card. Or, am I wrong? Have I missed something?
I mean, I have no reason not to want it to be a success.