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That is exactly right! It is not rocket science.
No way. I sold a long time ago. But thinking about getting back in now. Look, the company does not even have a functioning web site. And the mortgage business? We all know how well that line of business is these days. I mean, is anyone really putting this in their 401(k)? IMO the only potential here is massive run up and massive dump. Need to be the dumper and not the dumpee. Not everyone will win. All my opinion.
I really don't think most people care about these supposed "dividends". This one is looking more and more like a speculative run up and then a massive dump IMO. I did not think that FFGO was capable of making the run due to so many shares - but today's action may have changed my mind. There is so much demand for this junk! It is merely a trading vehicle IMO and you do not want to be the last one holding the bag.
OK, I started to really think about FFGO after close today and did some math based on other recent .000's I've traded and observed over the past few years. Here's what I think - under the BEST case scenario (continued PRs, excited buyers on this board and elsewhere, etc.), with the current share structure, this could hit somewhere between .002 - .003 fairly quickly before imploding. Anything beyond .004 would simply amaze me, but who knows... With more really big buybacks of shares, it could even go a bit higher - but they really have to time everything right. Now I'm going to spend the rest of the weekend trying to decide whether to buy back in to this thing. LOL! All my opinions only of course.
Thanks man. I really like this stock for some reason. One of those "gut instinct" things. They are not letting many shares go at these prices. Believe me, I've tried!
Whatever dude. I've been following this thing for a very long time. Been in and out of it.
Exactly. Unfortunately, I think that 95% of the people here are too new to have any idea what you are referring to.....oh well.
Wow. Today's PR had to be the PR to end all PRs! Not sure how they are going to top that one if the share price flops back down to .0001 yet again. I'm sorry but there is NO WAY there are only 3+ billion in the free trading float as per the PR. Also, the PR did not say whether "Goldco" is somehow related to FFGO or the FFGO main players. This has been my suspicion all along - that they are simply spinning off these couple hard assets into a company somehow controlled or affiliated to the FFGO players (Lumb and his crew) and can therefore say the assets are "worth" whatever they say they are worth. They are using FFGO, Hunt and this mysterious Goldco to all simultaneously pump each other. Ughhh. All my opinion of course....
Damn, looks like everyone gave up on this one today. The 3 month chart just looks crazy now! I wish I could have seen that chart 3 months ago to know how it would play out. I'd be sitting on a lot more money now.
That's a good point. That language does seem to indicate that the new accountants were not selected because they'd render any specific kind of opinion, etc.
From my experience, the "accountant shuffle" is rarely a good sign for a company. Why? It usually means that the company wanted the original accountants to do something or report something in a manner that the accountants were not comfortable doing. Is that the case here? I don't know. Just saying what I've seen before. All my opinion and random theorizing as always....
Well, I think I am going to buy a little more. I like the fundamentals, the industry and the price range right now.
It would be nice if the company put out a PR now with some updates on recent activities.
Hey Hey - got your PM. Not sure what's going on with this one. Definitely looks like there is some interest here though. I thought I was the only one! I bought a nice little chunk and am going to hold now.
For me, I did a little research and checked out the web site and some public filings and the stock just looked way oversold down in the .000's. Plus, I like this industry right now.
Looks like they are trying to cool it off on low volume now after all the big buys.
Yeah, share structure here seems tight right now. Plenty more shares are authorized to be issued in the future, but very good for now with present demand IMO.
Oh IMO we're rockin' it WAY past that man. This thing is set to roll.
Nice. I just grabbed a bunch today. Going to sit on it and see what happens here. Volume just went nuts as they let some shares go! Up to .002 now.
Anyone else here trying to buy some of this? They are playing games with the ask and only letting tiny blocks of shares go. The commission to buy the stock is more than the value of the stock they'll let you buy. Talk about annoying....
Ouch. The waiting is killing me - and I don't even own any shares now.
It does seem like .012 is a floor here. I really think this one is going to break free at some point soon.
LOL. Yeah, can't go any lower. But I do think that there are some who are having fun flipping this one in the .0000's (four 0's) trading range. Unfortunately, most of us can only play with three 0's.
OK, that's just silly. The ask moved to .0015. I'm not going to bid against myself for this one if they're not letting serious chunks go in the .000's.
WTF?! I tried to buy 500k shares of this thing today - and even let it fly at the ask (.0006) and they only gave me 25k and then upped the ask to .001 right away. You have to be joking. I'll be back. Damn it. I like this one.
LOL! Nice.
Thanks. Did those two stocks have the same kind of pre-run churning and activity we see here with FFGO? Just trying to figure out if there is any kind of precedent for a real run here.
I agree. I've never seen a stock really move from .000's with more than 2-3 billion shares openly trading. Can anyone find one that did? I'd be really excited to see it.
Hmmm...this is interesting. Very interesting. Not sure how a reverse merger would work here. I do think the share structure would change if they went that route. And UFC has more than enough $$ to list from scratch without needing a reverse merger buddy. But the synergies between UFC and IFC are great, so maybe they could reverse merge and uplist right away. Hard to tell. My understanding is that it is much cheaper and faster to reverse merge into a nice shell like IFC than to start from scratch with a new listing. And, in this case, the public shell just happens to have some nice relevant assets. It could be a real win/win to do a reverse merger here IMO. Impossible to tell how existing shareholders of IFC would fare though. That's the big question. But in any event a run up on speculation is sweet. Going to keep an eye on this one for sure.
Chart starting to look promising here. Does this company actually have any operations or revenue? I just found it.
Anyone still paying attention to this one?
Just found this one. Chart looks good now. So, is this company for real??
Just about every company out there with a share price under $1 has some form of crummy "financing". That's just how the game is played with pennies. I really like the chart here, the business they are in, and the timing for this stock. I'm holding and planning on buying a bit more soon.
I can't understand this stock. The volume is insane but the share price never moves! I really WANT to believe. I WANT to drink the Kool Aid here....but the company says that they have bought back TONS of shares - and the share price still has not moved. I used to own 25 mil. shares and sold a long time ago. Since I sold, the price is still .0001. Then I got to thinking.....is there some way that these guys could be making money just by churning shares at .0001 all day long? There is an old Saturday Night Live skit about a bank that just makes change for people. You bring in a $20 and they can give you a $10 and ten $1s, or twenty $1's or 200 dimes, etc. When the owner of the bank is asked how the bank makes any money just by making change for people, he says "VOLUME!" LOL.
Well, all of these tiny oils are collapsing in share price now. It is not just NCEY. Maybe we'll get another spike in oil prices at the end of summer and it will revive them? I don't know...
Wow. Glad I did not buy at .008
I guess I'm mainly saying that the speculative $$ may lose interest in these types of oil stock plays now - and look for greener pastures. Not saying the actual companies will be shutting down, etc. Just that the gamblers look for other places to put those pennies. Witness the stock price here over the past few weeks as hard evidence. All my opinion of course...
Good luck to anyone here still holding. No news is not good IMO - especially with oil/gas prices sliding, sliding away. And news of a late filing (although not technically a big deal) could knock this one back down to single pennies. All my opinion of course. Just an observer now. Maybe it'll pop on some good news. Who knows....
Chart looks good now IMO. Some nice end of day buying today.
Looks like a bottom has been reached here IMO. Getting more interested in this one and doing my DD now...