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Rocket, just so you know, anytime a stock hits a 52 week high, the first thing a stock analyst pounces upon in order to determine whether the new high is a reliable indicator of how the market sees the stock is on what volume did this 52 week high occur as a percentage of the O/S.
Get you calculator out. Be sure to increase the precision beyond 5 decimal points.
Note to self...any stock that trades less dollars than I have in my checking account for the entire trading day avoid like the plague.
Noted!
Somebody paints a 66 buck trade to save the day. Over priced junk at any bid.
Rocket...Stocks I trade never have that problem. And anything I trade better have an active options chain or I don't trade it. Stocks I trade also have to have daily volumes measure in dollars of at least 30 to 40 million or I won't trade it. Minimum buy in including effect of a buy/write combo buy stock sell call no less than 20k.
I guess that excludes every POS that trades on the pinks.
Learn it! Live it! Become wealthy!
Vincal! Bingo! Is there really any reason to continue along this asinine line of reasoning that a supposed shipment is still unaccounted for. Occam's Razor, the simplest explanation is usually the correct one. There isn't a shipment. Never was, never will be.
Good Lord! I mean the CEO is the can! What more does any reasonable man need to concluded this was just another pink sheet stock flim flam?
Move the f on!
That's why we have a beautiful thing known as the stock market, one of the most amazing crowd sourcing price discovery mechanism the world has ever seen. And it has appropriately pronounced this stock worthless and devoid of merit as the complete lack of meaningful volume would suggest. No one needs to prove otherwise. The verdict is in. And just because it has a bid doesn't mean a hill of beans if only a mere couple a grand trade which is a micro pittance compared to its computed market cap. And for Christ sake there are 4.3 billion shares of this junk out there. I don't care who you are, that is just way too much paper representing absolutely nothing but message board hogwash. It is de facto worthless!
Sorry Rocket, there really never is a right time to buy a scam.
Book it! Live it! Become wealthy!
And if the CEO in the cooler doesn't qualify this so-called stock a scam, then what in christ will?
Despite this apparent "flurry" of volume, it still only manages to be less than $2k. When I think of the stock market, this volume hardly qualifies as a stock, let alone a market.
No volume, CEO in the clink, dated photos, yeah recipe for success alright.
No doubt, with so many high frequency trading platforms employed by just about every major investment house combing the market at the speed of light to find undervalued opportunities, it seems their algorithms excludes fetid junk.
Only hope now is if one of those high frequency trading platforms to get infected by a virus that deletes the trading filter that ignores
pieces o shite. @if(SYM="CWRN",ignore,{#insert malicious script#}trade like hell)
LOLOLOL
not even with found money.
Holy crap, would you want him back?lOLOLOMFGUFBLALAL
GOOG Halted after 9% drop. GOOG options if you have the stomach. 68 point selloff way overdone.
Love the one year chart. Turdplosion! It wreaks of failure.
maddog, save your money and buy mining claims on ebay. Eliminate the middleman, especially when the middle man is POS otc stock.
maddog, and don't forget, mining claims are for sale on ebay. Bid early and often. You just might pick up some cheap mining claims and then form your own pink sheet stock with billions of A/S. Learn how to write press releases to make them sound like they're worth millions and there ya go, you just pulled a Lumb Job. You should be successful too because from the looks of it, the ranks of the gullible seem to be ripe with marks as far as the eye can see.
http://www.ebay.com/sch/i.html?_sacat=0&_nkw=mining+claims&_nkwusc=miming+claims&_rdc=1
bearbear, yeah, that's a real head scratcher. Maybe the CEO in the klink has chilled the interest of people with a modicum of common sense.
That'd be my guess.
Janice, Wow, then what's all the fuss this micocaps chap is raising? This so-called stock is a stillbirth POS.
Questions?
Anvil, you would think that a revocation motion would be quickly in the offing, you know, to protect unsuspecting investors who may be unaware of the legal action against the freakin CEO and essentially the company. I wonder how long before they finally get around to it. Year, 2 or maybe 3?
Pretty damning stuff. That would put the kibosh on any notions I may have entertained to buy even a paltry sum of these shares. Wouldn't put a thin dime into this stock flim flam. And by the looks of it, few are.
Off 52% Bwahahahahahah. Love this stock!
Great, legal opinion letter authorizing the company to tell shareholders squat!
Wouldn't touch this POS with found money.
82 bux, that's it?!?!?!?!!? What kinda POS is this? What a joke. Avoid like the plague.
No shi-, How about putting in a 10K or a 10Q. Yeah right!
Don't hold your breath for that to happen. Better to just let em spit on your cupcake and call it frosting. After all you all have been through, I wouldn't trust this bunch as far as I could throw em.
Hey Moe!
Future, there is none better than Janice Shell. If there is dirt, she'll find it. And if she's on a board, woe is be for the stock as it is likely a scam. She has a nose for that. Of course, on the pink sheets, you can't swing a dead cat without hitting a scam in the making, so, ya know.
You say that like it's a bad thing. LOLOLOLO
I have to agree with Sunny. You own up to your trade, good or bad. No one twisted any arms for you to place the trade to buy in. It doesn't do any one any good to continue to complain. Nor is it advisable that anyone champion the company's graces, as if there are any.
Bottom line, it's a pink. Very risky, very likely you will lose some if not all of what you invest. Given that, invest only what you can afford to lose.
Not my particular cup of tea but that's just me.
By the looks of it, dwindling or non-existent volume, the damage is done and the market has appropriately priced this issue. So much bad press and legal procedures have probably scared away even the boldest of pink sheet warriors.
Forward looking disclaimers are a license to steal in the absence of audited financial statements. With that one statement I pretty much have describe the MO of 99% of all the companies that trade on the pinks.
So avoid them like the plague.
He's gotta be connected to the schemes in some way because it would have dawned on normal folks by now. He's clearly not a lunatic so I have to say he is on the payroll somehow. He has front run several of Lumb's plays even setting up boards well before publicly available notices about a new Lumb issue hit the wire.
Janice, what's the deal with this Rocketman dude. Where there's a scam, he sure to be championing its graces.
What is up with that?
OMG what a bunch of hooey! As if!!!!
surf, you're done. Sorry, but this will end up in the dustbin of failed Pump and Dump promotions like thousands of others. This is no different and in fact share all of the hallmarks of so many regulatory basket cases.
Learn how to trade in you won't have to troll around for this junk.
30K banked with this news. Another 30 when puts I sold expire worthless Jan 19, 2013. Stock just needs to stay above 90.00.
No problem.
surf, I'm going to bet not. It's now a slow motion train wreck that will ultimately wipe everyone out with revocation not long after.
If I've seen it once, I've seen it a thousand times. History is not kind to SEC violators.
Mark this post.
Don't post here much. Hated the stock from day one and nufie was a hardcore believer at first. Eventually, she saw the light and became a relentless advocate against the jerks that run these pump and dumps.
Nufced, you were a good one and I send my heart out to your family and friends. Nothing for UC, sorry. MAybe you can tell the big man up there to...no never mind.
God bless Shelly and her family.
Sad news.
Bwhahahaha. subpennies and still overvalued!
If they don't issue a PR a lot like this, well, they're just not trying hard enough.
Press Release
Source: Fortress Financial Group, Inc.
On 8:00 am EST, Tuesday December 1, 2009
Companies:Fortress Financial G
NEW YORK, NY--(Marketwire - 12/01/09) - Fortress Financial Group, Inc. (Pinksheets:FFGO - News) confirmed in an announcement dated November 23, 2009 that it was in advanced discussions, which if successful, will result in the disposal of its entire remaining interests in its two Gold Properties, those being the "Bouse" and "South Copperstone" Gold Properties; or the possibility of the outright acquisition of your Company by a third party.
In that same announcement, Stockholders were cautioned that the value placed on their Company's interests in these two Gold Properties was very material and that stockholders should only rely upon the facts and valuations that are published by your Company's Management; particularly in respect of the impact upon the value per share of your Company's Common Stock.
Company Management is now giving a price per share guideline of our Common Stock based upon:
-- The unprecedented number of requests for information regarding the
possible valuation of the Company's interests in these two Gold Properties;
and
-- The Record Highs being set in the price of Gold, thereby making your
company worth considerably more than what was originally discussed with
interested parties; and
-- The enormous trading volumes and pricing volatility in the Company's
shares of Common Stock in the past ten days; and
-- Management's view as to the minimum acceptable price for its Gold
Properties.
Fortress Management is now prepared to state that a successful sale of the Company's interests in the two Gold Properties, after the settlement of outstanding Loan Notes due by the Company in the amount of US$5 million, would not be an amount of less than US$0.003 (three tenths of a cent) per share for our stock. This calculation is predicated upon the current number of outstanding shares of our stock. Your Company successfully repurchased and cancelled approximately 50% of its outstanding shares in and during 2009, resulting in this greatly reduced number of outstanding shares of Common Stock, as well as the significantly increased value of these shares of our Common Stock.
Fortress shares of Common Stock closed at a price of US$0.0002 (two hundredths of a cent) per share on Monday, November 30, 2009. The pricing guideline of US$0.003 per share provided by Management clearly reflects the effect of today's Gold price (the Gold price having traded at a new All Time Record High this morning, at US$1,199.20/oz) upon your Company's assets and that our shares of Common Stock are clearly extremely undervalued at this time.
Our team of Mining and Business Professionals have deliberated at length, and have decided that we are able to state the following: "We are not prepared, under any circumstances, to entertain, nor to discuss any Offer for your Company's interests in these two Gold Properties for an amount of less than the above-mentioned price per share of your Company's Common Stock. We have made this quite clear to all interested parties, and we expect that a satisfactory resolution is attainable, in short order."
Your management wishes to stress "That is not to say that we believe that your Company's interests in these two Gold Properties are not worth more than the above-mentioned price per share of Common Stock. We are very aware of the historical valuations and the Geological Reports that are publicly available in respect of these two Gold Properties; and which were prepared at substantially lower Gold prices than Gold's current trading price of nearly US$1,200/oz." While we certainly would like to realize our true asset value in regard to these two properties, and while we are eager to sign the contracts of sale in regards thereto, we will not sell these assets for anything less than their real-time present value.
Fortress' Management is obliged to inform our valued stockholders that the Company's interests in these two Gold Properties are not worth an amount of US$700 million, a valuation which certain of our stockholders appear to embrace at this time. Such off-the-cuff valuations for our share of these two Gold Properties, while pleasant to think about, is not based in reality.
We are not in a position to provide any further details at this point in time due to the sensitivity of ongoing negotiations, and we wish to ensure that your Company's Management achieves the best possible price for its stockholders in respect of its sale of the Company's interests in these two Gold Properties, or in the alternative, in the sale of the company in its' entirety. OF COURSE, ANY SALE WILL BE SUBJECT TO SUCCESSFUL CLOSING, AND NO ASSURANCE CAN BE GIVEN THAT THE GOLD PROPERTIES WILL BE SOLD AT THIS, OR ANY OTHER, PRICE PER SHARE.
Fortress Financial's Management states for the record: "The proceeds received by your Company upon a successful sale of its interests in the two Gold Properties, or of the Company itself, will not be retained by your Company but paid to our stockholders as a Single Liquidation Dividend. This is however, subject to the nature of the deal consummated by your Company in respect of the sale of these two Gold Properties."
Since our significant stockholder partners in these holdings have indicated a strong interest in participating in a sale of "Bouse" and "South Copperstone" Gold Properties, we do not expect or anticipate that the final negotiations to this sale will be a long protracted event.
In regards to questions about the possibility of a full bid to purchase your Company, Management can only say that this does remain a possibility, but we legally cannot comment any further at this juncture, due to ongoing negotiations.
We urge our stockholders to remain vigilant, while we finalize the examination of the opportunities laid out before us. Rest assured that we intend to exact a fitting price for our holdings.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually," "projected" or "guidelines." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, including the risk that the Company may not be able to sell its interests in its Gold Properties for an acceptable price or any price, the risk that the price of gold may decline, and other risks identified in filings made by such company with the SEC.
Valuation schmaluation! Want mining claims? Go to ebay where they abound.
http://www.ebay.com/sch/i.html?_sacat=0&_nkw=mining+claims&_nkwusc=miming+claims&_rdc=1
Mines for sale! On Ebay! Cheap. Invest in a company that says it has mining claims? Not with found money!!!!!!
http://www.ebay.com/sch/i.html?_sacat=0&_nkw=mining+claims&_nkwusc=miming+claims&_rdc=1
Email bomb for this crap. Wasted effort. LOI that will amount to Jack Squat!