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ROTFLMAO!!!!!!!!!!
.013's would be nice, yes? The MM's are just looking to stock up on inventory...... and it is not working. I'm with you, get 'em as cheeeeeep as possible. I do not think the mm's will give us anything substantial down here IMO, after all....... 100k lots would not fill on .016's. The next leg up should put FGFC in the .02's.
Good Trading!
First Guardian Financial Corporation Establishes U.S. Receivables & Management Company Subsidiary
Tuesday July 18, 9:03 am ET
NEW YORK--(BUSINESS WIRE)--July 18, 2006--First Guardian Financial Corporation (Pink Sheets: FGFC - News) today announced that the company has established a wholly owned Receivables & Management subsidiary to be named U.S. Receivables & Management Company, a Delaware Registered Company.
The Company will engage in the purchasing and the debt recovery of sub-performing and non-performing receivables. These portfolios of receivables will be acquired at deep discounts and will be outsourced for collections on a contingency basis.
Third-party debt/recovery companies returned $39.3 billion to the U.S. economy in 2005. (Source: "Value of Third-Party Debt Collection to the U.S. Economy: Survey and Analysis," PricewaterhouseCoopers, June 2006.)
U.S. debt/recovery companies earned $12.1 billion in 2005. (Source: "Value of Third-Party Debt Collection to the U.S. Economy: Survey and Analysis," PricewaterhouseCoopers, June 2006.)
"We feel that the establishment of this subsidiary fits our business model of a full service financial company, while adding another service/product line for our business customers. It is the company's intention upon completion of its buysellmerger.com unit that these services can be cross marketed to its clients and will enhance the revenue of the company. We intend to utilize warehouse lines of credit to acquire select portfolios of receivables that will yield the company the greatest return on investment," said Abraham Rosenman, President of First Guardian Financial Corporation.
About First Guardian Financial Corporation:
The company provides Commercial Real Estate Financing & Invests/Lends for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest in businesses either start up or growth wise throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact:
First Guardian Financial Corporation
Investor Relations, 212-572-4823
Fax: 212-572-6499
ir@guardianfinancialcorp.com
www.guardianfinancialcorp.com
Source: First Guardian Financial Corporation
No sellers at .0165,
I'll bet that an order for 500k shares @ .017 would not fill. FGFC is already set on the launch pad. This stock is about to erupt! That's no hype............ this stock has a stellar future from this point forward. The float is locked up with a group that is holding out for $1+, FGFC is a pure gem!
Business calls today, everyone have a good one and I see you all in the a.m.
Any buying pressure on FGFC and it is off into the cosmos!
Any word on GVRP/MAMG????? Getting scammed out of 165,000,000 shares stinks!
Here's to a stellar week!
100+ out in the shade this weekend!!!!
I'm back, let's light the fuse!
....HOT>>>>>HOT>>>>>HOT
Peace Brother!
The FGFC love train has taken off......LOL!!!!!!!
update: Next to the new Toyota Plant eom.
$100,000,000 ?? from FGFC for the project in Canada. On FGFC's land........ this is freaking huge! The insiders are buying the rest of the shell out........ all the way to .06. FGFC gets on the OTCBB this one is into the dollars if mgmt. continues to execute the business plan. I'll talk to everyone later..... looks like there is a ton of posts today..... remember when 100 posts took a week to fill....... LOL!!
Later!
Reasons why I went long FGFC:
1: Shell Stock
2: Land deal in Canada (50)
3: Share structure
4: Mgmt. execution
5: Business Plan
6: OTCBB- Fully Reporting soon
7: Key Relationships (Morgan)
8: Insider Roster
..................... it just keeps getting better each day.
FGFC will be a 1,200% OTCBB IPO Gapper!!!
See you all in the a.m....
First Guardian Financial Corporation Agrees to Acquire Another 50 Million Common Share Block from Its Predecessors, Thus Reducing the Outstanding Restricted Shares to Less Than 20 Million & Commences Buyback Program
NEW YORK--(BUSINESS WIRE)----First Guardian Financial Corporation (Pink Sheets: FGFC) today announced that it has agreed to acquire another block of 50 million outstanding restricted common shares & commences its previously announced buyback program.
The Company keeping with its stated commitment to reduce its share structure has reached an agreement to acquire another block of 50 Million Restricted Common Shares from the previous management, with this purchase the company's authorized shares will be reduced to 102 Million.
The company now after completing this purchase of 50 million restricted shares coupled with the previous purchase and retirement of 48 million restricted shares will now focus on its stated buyback program to further reduce its authorized and outstanding shares even further.
FIRST GUARDIAN FINANCIAL CORP
[Stock Ticker Chart]
Other OTC:FGFC
Updated: 11:46 ET
0.019 +0.003
"The company keeping with its stated objective of reducing the number of authorized and outstanding shares is extremely pleased to have been able to reach this agreement to acquire this block of 50 million shares and now will focus on buying back additional shares on the open market and retiring them to the company's treasury," stated Abraham Rosenman, President of First Guardian Financial Corporation. Mr. Rosenman also stated, "When the entire buyback program is completed the company expects to have no more than 50 million shares authorized and approximately no more than 35 million shares in the public float thus creating the appropriate shareholder/investor value as we proceed to applying for listing on the OTCBB."
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests and provides financing for its own portfolio in small to mid sized businesses nationally. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
First Guardian Financial Corporation Investor Relations, 212-572-4823 Fax: 212-572-6499 Investor.relations@guardianfinancialcorp.com www.guardianfinancialcorp.com
07/11/2006 07:44
FGFC is overdue the trip back over .035
The problem is do I sell and hope to start digging back in at the .02 area or will this one hover between .04 and .05. The share structure HAS to be dry and FGFC should trend higher. I get the feeling we will be hearing sentiment of a quarter in the near future....... that means we trend from .08 to .16 .......... who realy knows how they will paint the charts, all I know is that demand is kicking the $hit out of $upply. It would be hard to find anyone that has done the DD here that believs that FGFC is less than a 3 bagger over the next few months. If anyone has a Morgan account, give your broker a call and ask about FGFC....... I'll bet it is a few clicks away...... they are IMO going to BUY BIGTIME in the near future as they are matching trades with their clients...... I believe it will happen about the time FGFC hits the OTCBB.... and those guys dont fool around...... $50k blocks average trades. This is all connected with the street, some people are going to make some serious returns this year.... the shareholders.
Everyone have a stellar day!
Howdy Kapone,
FGFC is undervalued based on the share structure/ short position. I realy love the buzz around here with the LARGE chunk of the float that do not want to let go under .10, some even $1.00. Who knows where this one will end up near term...... my WAG is around .15 and possibly .25 under the right conditions. All I know is that as long as the PPS is down here in the gutter, people just keep adding and newbies come in daily. This winner of a corporation picked the perfect shell to put on, and I am glad I am here in the infancy to score BIGTIME!
How's that for a pre-market pump......LOL!
Good Trading!
I picked up some Black Cat Rockets that soar 350 feet and then explode a colored mushroom cloud........ It was around midnight last night when I gave one a test fire...... I think I woke up the whole neighborhood....LOL! I never expected to see such a stellar show in a small package, kind of reminds me of FGFC... it is also in a small package and will also soar when the fuse is lit.
Party On!
FGFC has to explode into the cosmos. The float has to be wiped out and when the company buyback starts there should be a nice spike.
Ontario Gamblers Wagering More
26 April 2006
ONTARIO ? As reported by the Toronto Star: "Ontario gamblers wagered $5.85 billion in fiscal 2004-05, an increase of $125 million from the previous year.
"However, after expenses were deducted, the province received only $1.7 billion in net income from gambling.
"The annual report of the Ontario Lottery and Gaming Corporation shows the bulk of the revenues ? $2.3 billion ? came from lottery tickets and bingo operations?"
..... or an Indian Chief that wants to do business. However, the marijuana grow operation sounds just as good.....LOL! It is located just accross from the Toyota "plant"<----- no pun intended, there are countless opportunities........ it can be our Canadian Business Incubator where FGFC gets new business off the ground and is tied to the bottom lime for eternity...... now show each of those new companies that we launch how to go public and we have a gold mine. I have some business today through Friday, I'll check in later this weekend.
Everyone have a great rest of the week!
Everyone, look what I found in the Woodstock area:
http://www.mls.ca/PropertyDetails.aspx?vd=&SearchURL=%3fPage%3d2%26Mode%3d0%26vs%3d1%26rlt%3d%26...
Another thing before I go.......
FLOAT IS GONE.....FGFC to Da Moon!!!!!!!!!!!!!!
Stock Rancher
Good Morning!
Would be nice to do another 40% today to .0196
FGFC has filled the gap to the gutter, it should be all up from here. If I were the MM in charge I would be grabbing all the other MM's shares and driving this back up above .035+. This float is dry and anyone selling down here needs to get a check-up. Onward and upward! I have some business today and will check back in later this afternoon.
Everyone have a great day!
First Guardian Financial Corporation Has Executed the Contract for the Previously Announced Proposed/Joint Venture Acquisition of a 50 Acre Parcel in Canada
Tuesday June 27, 9:03 am ET
NEW YORK--(BUSINESS WIRE)--June 27, 2006--First Guardian Financial Corporation (Pink Sheets: FGFC - News) today announced that they have executed the contract to acquire the previously announced 50 acre parcel in Woodstock, Ontario Canada.
The acquisition is a joint venture between FGFC and a yet to be named Canadian Corporation (FGFC will be the majority partner) with a scheduled closing date of or before December 19, 2006. The contract provides a sixty day window for the company (FGFC) to perform due diligence and certain feasibility studies as to the proper zoning, use and the best economics for the property.
"The company and management believe this to be a very sound investment objective, as the property is located in a very desirable location within a town that has shown a desire for growth within reason as exhibited by the recent decision of the Toyota Motor Company's new facility in Woodstock, this investment/joint venture is very exciting for our company and it is our desire to participate within this very friendly city and its remarkable community growth accordingly," said Abraham Rosenman, President of First Guardian Financial Corporation.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.
Contact:
First Guardian Financial Corporation
Investor Relations, 212-572-4823
Fax: 212-572-6499
ir@guardianfinancialcorp.com
www.guardianfinancialcorp.com
Source: First Guardian Financial Corporation
You GUYS..... FGFC right now!!!!!!!
Taz51, the insiders shares are restricted. Any selling would come from.... I'm guessing buysellmerge.com.... who knows???? Insiders have commited to reducing the float to almost nothing and their shares are restricted. There are an estimated 90+- million in the public float. There has been 5x that traded in the last 40+- days. The float IMO is gone. Just look at the short selling on the tape over the past few weeks. Someone is neck deep on naked shorting FGFC. This is the MOTHER of all shells, and FGFC was smart enough to moove into it. This stock will erupt to the upside at any time. I'm not selling and others here are not selling........ as a matter of fact you see averaging down and adding to the personal share count on a daily basis. The MM's are giving us the sweetest deal in the world down here...... considering they dont even own 'em....ROTFLMAO!!! I will be adding more later this week and early next week...... time is running out. FGFC is going to the OTCBB, will have short intrest revealed to the public, launch buysellmerge.com, share buyback......... the list gos on. I have never been soo excited for the new rule change that will go into effect in July that will expose short intrest on issues....... there is going to be a TON OF MONEY made this summer. I will be flipping on the hour..... 20% here, 15% there, 40% everywhere. I may have to change my alias to RegSHO LOL!
bosawj, I think they will run it to .065 and then drop it back to .02..... who knows at this point????? The MM's are going to have to start swinging the pps all over the board to get shares from us. I do think .06 is a good place to take shares off of the table and then reset positions here.
It will take 3 days to get the shares out of the streets name for the settlement of the shares being retired. Just a thought here, the MM's may already have the shares in their name and they shorted their inventory to .035 and have been covering what they can down here. Their problem is that they have not had the volume to cover a tiny portion of the short shares. Maybe they are not naked shorting if they held 80,000,000 to 120,000,000 shares that are out of imbalance. There has to be a naked shorter in that mix, the numbers just do not add up. Before this started, there were lets say 100 posts here....... and since this is pink the MM's could justify a short position. They could not forsee the fact that this company was going to do the opposite of the majority scam pinkshell stocks by diluting shares into the market that are easily coverable with a little manipulation. The tide turner here will be when the company puts action behind their words...... buyback and retirement of shares. Then I believe the MM's will officially be able to mark FGFC as a solid company....... until then we have to be patient and anticipate drastic manipulation in the pps. In the end, if the company does half of what is says this is an easy 10 bagger by New Years. See you all Monday.
mustard, you raise some great points. I would rather see FGFC buy back shares down here in the .01 to .02 range....... snatching anything they can. With a budget of $3,000,000.oo for the buyback, they could snag up 50,000,000 shares and still have money left over for another buyback......... maybe 10,000,000 additional shares to .15 or some number in that area.If the company played the market right, .10 could easily be a new base. I get the feeling the MM's are going to take this sub-penny and the company should be right there with a 50,000,000 share bid at .01 to stop it. I would like FGFC to become more preemptive in the market rather that bending over and taking it. Even a 20,000,000 bid with a limit of .015 would be nice to see....... they have to get on the ball here, the shares are dirt cheap to their .06 buy limit. I say get the share structure fixed before the July roll-out. I'll see everyone Monday, have a nice weekend!
countrmike, I agree that the business is important and we should be discussing that point. The other side that NEEDS to be addressed is the share structure. Many of us are putting some serious funds into this stock and we need to know what is happening on the marketside. The company knows this is essential for the ENTIRE business plan to come to fruitation. These MM's have been more crooked than a concert promoter that sells 45,000 tickets to a show that can only hold 25,000 people. That is why we are discussing the share buyback, it is just as important if not more important as the business operations...... in essence, it is business operations. The MM's are counting on the fact that we will loose faith in the stock and moove on with a loss, that's how they make money. They would just love it if 75,000,000+ shares walked off the table at a loss from .035 area (about $2,000,000 profit). Lets keep that $2,000,000 here and out of the MM's hands..... as a matter of fact, lets take $5,000,000+ from them for being scam artists. FGFC is getting set up and the MM's know that time is limited. FGFC should be buying all the shares they can down here in the gutter, it makes no cents for the company to be buying .05 to .06 from the MM's.
Everyone have a nice weekend!!
taraniterror, yes they are naked shorting. We have already established that point. My guess is they may be hoping to get some of the insiders 100+ million shares to cover with......LOL! My guess is that they will start to cover when the company starts the buyback. There is an estimated 80,000,000 to 130,000,000 shares sold short from the 400,000,000+ million that has been traded this month alone. If the insiders are not selling, it makes "cents" for them to call the certs in from the streets name. It would be great to see a PR with the company calling the certs in........ now that would cause a spike! I say, Force a cover! Just look at the mirror action on L2, FGFC is dried up.
MM "A" borrows from MM "B" to short a stock. MM "B" then borrows back the shares from MM "C" to cover what MM "A" shorted. This type of settle is done every 3 days in the market. It is a vicious cycle that continues to go on until actual shares are covered. When the 400,000,000+ shares were traded this month and there was no longer a supply of actual shares the MM's sold naked from .035 down to where we are now..... normally they can shake the weak hands and cover their position. The problem here is that they shorted way to many shares that can not be covered at this point. When the buyback commences and the float dries up further, it will be that much tougher for the MM's to cover. This is actually no big deal for them, they will spike this to .lets say .09 to cover and then start shorting again lets say all the way to .15 and then tank it to .05 to start the cover again. By default of this stock being a pinkie, it was shorted. They never knew that this would turn out to be a solid company. They still win because 9 out of 10 that they short are scams of offloading shares by companies. FGFC is the opposite. The game plan has changed for the MM's. This is soo typical, in a few weeks FGFC will be .04+. I have no doubts that FGFC will hit .15 this year.
Business calls again today!
Good Trading!
Yes, there is a HUGE short position. The stock has traded 400,000,000+ shares this month. Management has control of 100,000,000+ million shares of the 200,000,000 million issued and authorized shares. That means that if 25% of what has been bought in the last month has been held the stock is dried up. The tape does not lie, there is a HUGE short position here. Just wait until the squeeze comes....... the shortie's will not be able to flip from account to account every three days. I would not suprise me to see the insiders start to call for the certs in from the streets name. They have to keep the pps down here in the gutter to see if they can cover on weak hands.
Squeeeeeeeeeeeeelllllllllllllll pigies!!!!!!!!!!!!!
First Guardian Financial Corporation Retains the Prestigious Law Firm of Gardiner Roberts LLP
Thursday June 22, 9:36 am ET
NEW YORK--(BUSINESS WIRE)--June 22, 2006--First Guardian Financial Corporation (Pink Sheets: FGFC - News) today announced they have retained the prestigious Law Firm of Gardiner Roberts LLP of Toronto, Canada.
First Guardian Financial Corporation is pleased to announce that it has retained the services of the prestigious Law Firm of Gardiner Roberts LLP to represent them in the joint venture previously announced and the ventures potential acquisition of land in Ontario, Canada.
"This is the first venture/investment for the company outside of the United States and we are very pleased to have representation from such a prestigious firm as Gardiner Roberts LLP., we would especially like to thank Partner, Mr. Arthur Jacques for all his efforts on this project," said Abraham Rosenman, President of First Guardian Financial Corporation.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.
Contact:
First Guardian Financial Corporation
Investor Relations, 212-572-4823
Fax: 212-572-6499
ir@guardianfinancialcorp.com
www.guardianfinancialcorp.com
Source: First Guardian Financial Corporation
FGFC Market Cap is $3 Million:
The 50 acres is worth $3 Million alone. FGFC is going into a casino venture..... wow! The Indian tribes here in Wisconsin make BILLIONS each year on casinos. I once had a stake in the Freemont Experience in Las Vegas and paid pennies per share to get involved...... you know the group, they have the light show above the strip that you can walk through and also got acasino later down the line........ I should have never sold early on for a few hundred percent gain, it turned out to top $40+. Looks like the Cosmos Group is working through FGFC to get a similar operation going. The bond offering will be the same as Trumps. We only have around 30 million shares between our group...... and that has to be dry. There has been 400,000,000+ shares traded in FGFC alone this month. Ther has to be a HUGE short position here, the imbalance is staggering! Right now the MM's have it figured that they can get a big chunck back at .03+ which is still 100% below FGFC buyback commitment of 50,000,000 shares. If everyone holds this stock long 6+ months, there is no reason that SEAB's ask on L2 can not be filled (.45). FGFC needs a rep on the road doing the roadshow to corporations to invest in the company stock......... shoot, I could raise $2 million in the first month alone....... for a small fee.... wink..wink!.The foundation is here to make FGFC anything they want it to be. Every day we get a new long or two. It is only a matter of time before this gaps to the upside. There is no reason that FGFC can not get a minnimum $30 Million market cap going forward, much more with a short squeeze.
FGFC to $0.15 6 month target
Later Everyone, business calls
Dog Craving Doughnuts Blamed for Fire
RIDGEFIELD, Wash. (AP) - A dog with a craving for doughnuts was blamed for starting a house fire in this city north of Vancouver.
According to Clark County fire investigators, the homeowners had left a box of doughnuts on the stove on Sunday. The dog jumped up onto the stove to get to the doughnuts and accidentally flipped on a burner.
``The burner set the box on fire and the fire spread from the kitchen to the attic,'' Fire District 11 Capt. Ben Meacham told The Columbian.
Investigators said the fire caused about $75,000 worth of damage.
The dog, home alone when the fire started, escaped injury.
First Guardian Financial Corporation to Participate/Joint Venture in Proposed Hotel & Casino Project
Wednesday June 21, 9:01 am ET
NEW YORK--(BUSINESS WIRE)--June 21, 2006--First Guardian Financial Corporation (Pink Sheets: FGFC - News) today announced that they have entered into an agreement to participate/joint venture in a 50 acre parcel for development of a hotel/casino project.
The company (FGFC) has agreed to a joint venture that will acquire a 50 acre parcel located in Woodstock, Ontario, Canada. First Guardian Financial Corporation will be the majority partner (controlling 51% or better of the joint venture).
First Guardian Financial Corporation will invest up to $3,000,000.00 (Canadian) for the venture (land acquisition only) and we will rely on the issuance of bonds or traditional financing for the development (construction) of the property.
"This is a fantastic opportunity/deal for our company and we are extremely excited about this particular venture, we are very pleased that this deal was brought to us as it speaks for the creditability and belief in our young company. I would like to thank our executives who traveled to Canada this weekend to bring this deal together." Said Abraham Rosenman President First Guardian Financial Corporation
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact:
First Guardian Financial Corporation
Investor Relations, 212-572-4823
Fax: 212-572-6499
ir@guardianfinancialcorp.com
www.guardianfinancialcorp.com
Source: First Guardian Financial Corporation
400,000,000+ has been traded this month in FGFC. According to SEC regulations 25% of this can be repurchased by the company in the open market this month of June 2006. The company can buyback at any time. 25% of the 400,000,000 traded is 50,000,000 shares that can now be bought according to SEC regulation. Management holds control of 100,000,000+ shares at this time. Add in the long position here and FGFC is a rocket ready for launch. Right now there are a few MM's short this stock...... probably from prior to the shell being bought out. The company is doing/done with the financials at this time and are in the process of listing with the OTCBB. All brokerages have to comply with the new OTCBB reporting requirements of short positions held starting in July. Could be that this shell was earmarked for the takeover due to the short positions held. The question is not when the short covering will occur, it's how they will get he shares from the 30 to 50 million that will be left to cover with. This could get real ugly for the short interest here if management elects to force a delivery of 150,000,000+ certs that are held in the street name. The rest of us here have already picked FGFC dry. There is a serious imbalance of shares right now and it is only going to get tighter. There is a concerted effort to wipe every share dry by the Company and BOD.......... and they have no mercy when it comes to protecting shareholder value........ exactly what they are inclined to do, place their stakeholders at the top of the food chain. You can see the manipulation going on right now before the buyback. It wont last much longer, they will have to raise the BID to get shares as the company gobbles uP shares on downward manipulation. Like I was saying earlier, there will come a point when valuations will be tossed out the window and supply overwhelms demand. I like yesterday in the last half hour of trading when the bid ran up to scramble to grab shares as the company can not buy back in the last half hour of trading due to SEC regulation. I can see the shorties saying, "SHUT UP STOCK RANCHER!", as the last thing they want is this info getting out. I'm not saying FGFC will be $1+ by mid-July, but I'm not saying it wont. If you get a chance e-mail our Golden friends the info to validate this. I have a few fundie friends with MAMMOTH deep pockets that like a tip-off this this just for the sport of it.
Everyone take it easy, I have some business to attend to again today.
Good Trading!
Stock Rancher
I think I may be turning bullish again. I am doubting that we will see .006 anytime soon. I would have liked to get some cheapies to average down on from last week. I should have timed this better and bought on the dip. This shell is turning out to be a real business. I'm just so use to all the crappy pinkies out there that seldom pan out. I like the fact that the company is heading to the OTCBB's and looks to profitability this year. The stock should start to go up from here. I immagine that the 50 million shares will change hands quickly. The thing I like about this stock is all the deep pockets that are connected. Could this be one of those shells that will have value added to it? Sure looks that way. Would'nt it be great to wake up to a PR some morning to see that this shell was mooved into by a $200 Million dollar valuation. Right now it is a gamble to know exactly what the end game will be. However, with the $3,000,000 commitment from inside the company and a .06 peak price attached, the stock is a home run from here. This is going to be real interesting to see how this one pans out. I can not wait for the demand to kick the $hit out of the supply........ it is not a matter of if, but when. At that point the sky is the limit and we can all throw valuations out the window. One thing I do see coming is a "Shareholder Bill of Rights"......... we have all seen them, mgmt pledges to anti-dilutive measures.... makes "cents" since they control the majority o/s. I get the feeling that some large lots will be passed around in the coming days and this stock heads to the cosmos as all the street will want a piece of this...... everyone wants to own a winner! Can you imagine what a billion share day would do to this stock, they could line it to a buck...... easy!
You all take it easy, it's been nice working with you!
Good Trading!
Stock Rancher
Press Release Source: First Guardian Financial Corporation
CORRECTING and REPLACING First Guardian Financial Corporation Completes Reduction of Authorized Shares and Finalizes Buyback Plan
Monday June 19, 10:58 pm ET
NEW YORK--(BUSINESS WIRE)--June 19, 2006--Third graph, first sentence should read: XXX budgeted commitment of $3,000,000.00 (sted $300,000.00).
The corrected release reads:
FIRST GUARDIAN FINANCIAL CORPORATION COMPLETES REDUCTION OF AUTHORIZED SHARES AND FINALIZES BUYBACK PLAN
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First Guardian Financial Corporation (Pink Sheets: FGFC - News) today reported that the company as previously announced has completed the reduction of its authorized shares to 200 million total. The Board of Directors has also approved a buyback plan for its outstanding common shares.
The reduction of the company's authorized shares to 200 million total now brings the capitalization of the company to 116,250,132 shares restricted and in management's control and 81,931,116 outstanding and in the public's hands (float) for a total of 198,182,048 shares. "The company has reduced within the last thirty days or so the authorized capitalization from 520 million shares down to 200 million shares now, and we are reviewing ways to further reduce the company's authorized shares," said Abraham Rosenman, President.
The Board of Directors has approved management's buyback plan and budget; it is the company will buyback up to 50 million shares at a maximum price of 0.06 per share for a budgeted commitment of $3,000,000.00, thus reducing the company's capitalization to 150 million shares. "We are committed to the least amount of available shares available thus enhancing the value of our company," said a member of the Board of Directors.
"The company is fully determined to have as little as necessary of its stock available as possible; we are intent on increasing shareholder value while building our company, as you all can see we are very aggressive in our plan going forward, and it is about to get even more aggressive as we position our company to advance to the OTCBB," stated Abraham Rosenman President of First Guardian Financial Corporation.
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact:
First Guardian Financial Corporation
Investor Relations, 212-572-4823
Fax: 212-572-6499
ir@guardianfinancialcorp.com
www.guardianfinancialcorp.com
NEW YORK, Jun 19, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets: FGFC) today reported that the company as previously announced has completed the reduction of its authorized shares to 200 million total. The Board of Directors has also approved a buyback plan for its outstanding common shares.
The reduction of the company's authorized shares to 200 million total now brings the capitalization of the company to 116,250,132 shares restricted and in management's control and 81,931,116 outstanding and in the public's hands (float) for a total of 198,182,048 shares. "The company has reduced within the last thirty days or so the authorized capitalization from 520 million shares down to 200 million shares now, and we are reviewing ways to further reduce the company's authorized shares," said Abraham Rosenman, President.
The Board of Directors has approved management's buyback plan and budget; it is the company will buyback up to 50 million shares at a maximum price of 0.06 per share for a budgeted commitment of $300,000.00, thus reducing the company's capitalization to 150 million shares. "We are committed to the least amount of available shares available thus enhancing the value of our company," said a member of the Board of Directors.
"The company is fully determined to have as little as necessary of its stock available as possible; we are intent on increasing shareholder value while building our company, as you all can see we are very aggressive in our plan going forward, and it is about to get even more aggressive as we position our company to advance to the OTCBB," stated Abraham Rosenman President of First Guardian Financial Corporation.
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: First Guardian Financial Corporation
First Guardian Financial Corporation
Investor Relations, 212-572-4823
Fax: 212-572-6499
ir@guardianfinancialcorp.com
www.guardianfinancialcorp.com
50,000,000 on $300,000 = .006!!!!! LOL!
Rule 10b-18 applies to bids for and purchases of an issuer's common stock by or for an issuer.7 Purchases of any other type of security are not covered ? even if related to the common stock (e.g., preferred stock, warrants, rights, convertible debt securities, options, or security futures products).8 Because Rule 10b-18 is not intended to apply in contexts where the issuer has a heightened incentive to manipulate the market price of its securities, the safe harbor excludes issuer bids and purchases made during certain corporate events, for example, during mergers, tender offers, and distributions that involve the issuer.9 The safe harbor also does not confer absolute protection from all liability for purchases (e.g. , purchases that are part of a plan or scheme to evade the federal securities laws) ? even if made in technical compliance with the Rule.10 Rather, the safe harbor provides only that certain, specific provisions of the securities laws will not be considered to have been violated solely by reason of the manner, timing, price, or volume of such repurchases, provided that the repurchases are made within the limitations of the Rule.
C. Conditions of the Current Rule
Rule 10b-18 provides a safe harbor for purchases on a given day. To come within the safe harbor for that day, an issuer must satisfy the Rule's manner, timing, price, and volume conditions when purchasing its own common stock in the market.11 Failure to meet any one of the four conditions will disqualify the issuer's purchases from the safe harbor for that day.
1. Manner of Purchase Condition
The manner of purchase condition requires an issuer to use a single broker or dealer per day to bid for or purchase its common stock. This requirement is intended to avoid the appearance of widespread trading in a security that could result if the issuer uses many brokers or dealers to repurchase its stock.12 The "single broker or dealer" condition, however, applies only to Rule 10b-18 purchases that are "solicited" by or on behalf of the issuer. Accordingly, the issuer may purchase shares from more than one broker or dealer if the issuer does not solicit the transactions. An issuer must evaluate whether a transaction is "solicited" by or on behalf of the issuer, depending on the facts and circumstances of each case.13
Moreover, where an issuer engages a single coordinating broker or dealer to make its Rule 10b-18 purchases, the broker or dealer can make (consistent with the single broker or dealer condition) appropriate and customary arrangements with other brokers or dealers, including exchange specialists, or "two-dollar" brokers on exchange floors to execute repurchases.14
2. Timing Condition
The timing condition restricts the periods during which the issuer may bid for or purchase its common stock. Currently, this condition excludes from the safe harbor purchases at the opening and during the last half hour of trading because market activity at such times is considered to be a significant indicator of the direction of trading, the strength of demand, and the current market value of the security.15 Therefore, where there is no independent opening transaction on a given trading day, the issuer is precluded from making purchases under the safe harbor for that day.
3. Price Condition
The price condition specifies the highest price an issuer may bid or pay for its common stock.16 Rule 10b-18's current price limitations vary depending on whether the security is a "reported," "exchange-traded," "Nasdaq," or "other security," (as defined under the current Rule) and whether the bid or purchase is effected on an exchange.17 The price condition is intended to prevent the issuer from leading the market for the security through its repurchases by limiting the issuer to bidding for or buying its security at a price that is no higher than the highest independent published bid or last independent transaction price. As such, the price condition uses an independent reference price that has not been set or influenced by the issuer but, instead, is based on independent market forces.
4. Volume Condition
The volume condition limits the amount of securities an issuer may repurchase in the market in a single day. The volume condition is designed to prevent an issuer from dominating the market for its securities through substantial purchasing activity.18 An issuer dominating the market for its securities in this way can mislead investors about the integrity of the securities market as an independent pricing mechanism.19
Under the current volume condition, an issuer may effect daily purchases in an amount up to 25% of the ADTV in its shares (the "25% volume limitation").20 However, the current 25% volume limitation does not include an issuer's block purchases. Moreover, an issuer's block purchases are not included in determining a security's four-week ADTV under the Rule.21 The current Rule defines a "block" as a quantity of stock that either: (i) has a purchase price of $200,000 or more; or (ii) is at least 5,000 shares and has a purchase price of at least $50,000; or (iii) is at least 20 round lots of the security and totals 150 percent or more of the trading volume for that security or, in the event that trading volume data are unavailable, is at least 20 round lots of the security and totals at least one-tenth of one percent (.001) of the outstanding shares of the security, exclusive of any shares owned by any affiliate.22
The definition also provides that a block does not include any amount a broker or dealer, acting for its own account, has accumulated for the purpose of selling to the issuer, if the issuer knows or has reason to know that such amount was accumulated for such purpose. The definition also excludes any amount that a broker or dealer has sold short to the issuer, if the issuer knows or has reason to know that the sale was a short sale.
Good Morning Pumpers and Bashers!
Food For Thought:
If FGFC can afford to buy 45,000,000 shares @ .06 pershare they have allocated $2,700,000.oo in funds for the share buyback.
With the stock down here in the crapper, the $2.7M can buy back way more than the 45,000,000 shares.
They can do 90,000,000 shares at .03, 135,000,000 shares at .02................ you get the point. The point is that if they play this right there can be at least 80,000,000 to 110,000,000 shares bought back.
Then again, there is always .005 that IMHO the company should start buying back from......... even dump shares and put no PR's out to get the job done. In the long run the more this stock tanks the better for shareholders on a buy back. the company does not have to stop buying when they hit 45,000,000 shares. This is not good for flippers......... shareholders is another story.
I say, "Let's tank again today!"
Besides, I want my .006's for a 10 bagger on the long term flip. Everything now is a bull trap. I wish I had a Canadian Brokerage Account to short the living $hit out of this stock........ I would have made a grand slam already.
I have some business this am, check in later today.
Good Trading!
sublime740,
They could be sublime..... I have been following the tape and there has been more than enough opportunity for the company to buy shares. They can buy 48,000,000 shares at .06 but they can not pick up 100,000 shares at .02 or less......... they just are not biting. I don not know everything, but it is obvious they are not making any effort to grab shares even down here.
Gotta Fly, chat with ya next week!
Charlatan,
NITE is the leader here and has total control. Everyone knows that they make or break a stock. I will follow their lead........... all the way to .005. I will be scambling to get my .006 bids in line first when we hit .012....... Scottrade only allows me to bid down 1/2 of the current price.
I have to head out for the weekend.
Everyone have a great Fathers Day!