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The number is read
Fifty two million nineteen thousand two hundred seventy five.
Where do you get 52 billion
Copied the numbers wrong. And the 2.4 Billion is what Santini himself holds.
I am also holding.
This is not "news". We knew there were 31 billion shares outstanding. IMO it speaks volumes that they were "free trading" and we were able to stay in the 5 - 6 range. Would think they would have been dumped into the market.
Outstanding is the same they are free trading not restricted. I would like to see the A/S officially lowered and the T/A reporting new lower numbers. These numbers are lower than three months ago and that is good. IMO Need it to be made official.
The market makers are getting back the short shares.
Real cheap!
Holding 500% gain. Glad I decided to "walk away from common sense!"
GLTA
According to pinksheets.com
Outstanding Shares 293,823,389,782 as of Jun 20, 2008
Authorized Shares 300,000,000,000 as of Jun 13, 2008
Number of Share Holders of Record 984 as of Jun 13, 2008
Float 480,409,066 as of Jun 13, 2008
If there are 293 BILLION shares outstanding Lumb could buy the whole float of 480 Million shares and it would mean nothing.
If he wants more than half the outstanding shares he will have to get half the shares that are not in the float.(Restricted shares?) He would have to pay those people what they want or trade something they want to get those shares.
90 % of all NYSE , Nasdaq , Amex stocks aren't worth even $1 billion dollars .....but a Pink Sheet stock is ?
Incomprehensible .
You never heard of Nintendo?
They are a pinksheet company with over 1 billion shares outstanding and they sell for about 60 dollars each. That would be more than 60 billion for a pinksheet company. Not the norm, but it is a "pinksheet".
The charge fifty dollars per certificate. Unless you are an Apex client, then you get four per year free.
This is per certificate not per share. A certificate can be for more than one share.
Ameritrade charges $50. for delivery of certs. This is per cert not per share. A certificate can sy on it is is worth 100, 1000, or more shares.
Ameritrade Apex clients are entitled to four free certs per year. And would therefore not pay anything if they elected to have Certificates in hand.
IMO This is not recommended as Ameritrade also said it would take 4-8 weeks to get the certs to me. This would prevent you from selling for that time period unless you cancelled the request to deliver. Also they are not very "liquid" as an asset. You would have to redeposit them before selling.
more interested personally in verification from TA and filings on share structure...which i KNOW takes time despite what "others" say.
I checked with Ameritrade about getting certs. They told me if I wanted certs it would take them four to eight weeks before I had them in my hand.
I know the company can work faster than this, but for people to say they could do it in three days is just not reality.
Trader FFGO has no idea who you are.
Your shares are owned in the name of your broker. The broker actually purchases the shares with your money for you and then places the shares in your account but the actual ownership of the shares is in the name of your broker not you.
In order for you to become the official owner of the stock you much request a certificate and hold your shares in certificate form.
They can find out who I am. I had a stock in company that filed bankruptcy. The lawyers and courts send all of the info about claims to me. I never gave them; my name they got it from somebody.
Again I can only 13. HOW CAN STOCKHOLDERS KNOW THAT THEY WILL BE GUARANTEED TO RECEIVE
THEIR DIVIDENDS:
The Company has experienced severe problems in the past with Stock
Dividend payments and will ensure that all necessary steps are taken
and way in advance of the "Record Date" of this Extraordinary Dividend
to ensure that these problems do not reoccur. I am very aware of these
problems having inherited them. To that end, the Company is retaining
a specialist firm to coordinate this entire process with both the
Transfer Agent to the Company and to Goldco. They are able to ascertain
stockholder names and addresses as at the "Record Date" from DTCC and
Broker records; provided they are given at least 14 days prior notice
to the "Record Date." This, I am satisfied, will ensure that past
mistakes by a number of parties will not reoccur. This Company's
reputation, as well as mine, would be irreparably damaged should this
exercise not be conducted correctly.
restate what July 25th PR said:
The broker would receive a bulk certificate for all shares held by their customers. They would deposit that certificate with CEDE and convert them to electronic shares.
I understand that is how it usually happens, but FFGO has stated in a PR that it will not happen this time.
12. WILL STOCKHOLDERS RECEIVE RESTRICTED OR "FREE TRADING" SHARES OF
"GOLDCO":
I am assured that Goldco will file a Registration Statement with the
SEC, in respect of this stock being issued to the Company. It is
impossible to predict as to how long it will take to have the
restrictive legends removed from the stock certificates, this is out
of Goldco's power. Stockholders may rest assured that we are very aware
of this concern and that we are addressing it. The Company is not and
will not be an "Insider," "Associate" nor an "Affiliate" of Goldco.
13. HOW CAN STOCKHOLDERS KNOW THAT THEY WILL BE GUARANTEED TO RECEIVE
THEIR DIVIDENDS:
The Company has experienced severe problems in the past with Stock
Dividend payments and will ensure that all necessary steps are taken
and way in advance of the "Record Date" of this Extraordinary Dividend
to ensure that these problems do not reoccur. I am very aware of these
problems having inherited them. To that end, the Company is retaining
a specialist firm to coordinate this entire process with both the
Transfer Agent to the Company and to Goldco. They are able to ascertain
stockholder names and addresses as at the "Record Date" from DTCC and
Broker records; provided they are given at least 14 days prior notice
to the "Record Date." This, I am satisfied, will ensure that past
mistakes by a number of parties will not reoccur. This Company's
reputation, as well as mine, would be irreparably damaged should this
exercise not be conducted correctly.
You can send certs of any stock to your broker and have them added to your account.
They will only be able to be sold if they are not restricted.
IMO They will be restricted. If not it would be suicide for "Goldco". $400,000. stock for sale all at once if we all tried to sell our dividends at once. Maybe they will have some restricted and some not? Maybe some othere deal. We won't know until the PR comes out with dividend facts.
From July 25th PR:
6. HOW WILL STOCKHOLDERS RECEIVE THEIR DIVIDENDS:
These shares of Goldco Common Stock will be posted to stockholders by
Registered Mail on the "Pay Date." The addresses will be obtained from
the stockholder register. The Company is retaining a specialist firm to
coordinate this entire process with both the Transfer Agent to the
Company and to Goldco. They are able to ascertain stockholder names and
addresses as at the "Record Date" from DTCC and Broker records,
provided they are given at least 14 days prior notice to the
"Record Date."
I think Santini named that specialist company in a later PR or e-mail, but can't remember the name.
No your certs would not be mailed to your broker. They would be mailed to the address your broker has on record as the owner of your brokerage account.
IMO That is the companies intention.
IMO The company wants to mail the certs to everyone for a couple of reasons:
1) To make sure everyone gets them. If they are going to be blamed for people not getting a dividend. They want to be sure it is their fault. (Can't get the runaround, everyone blaming everybody else as in past dividends.)
2) This is a way for company to get a total number of shares actually in the market. Too many people "trade" shares and they can not be accounted for. A dividend will cause many people to "hold" shares. They will settle in brokers account and be accounted for.
3) If shares have been naked shorted into the market, they might be able to prove it if the number settled was higher than the float.
4) If you say you did not get your shares they will have a registered mail receipt to prove if you did. Will not have to check with several other agencies to validate it.
Waiting forever?
This only starting going up 2-3 weeks ago. If it goes up too fast it will only come crashing back down. IMO the slow steady rise is much better!
Until it is cancelled, it is still in the O/S. The company's excuse does not negate this fact
investopedia says: Outstanding Shares - Stock currently held by investors, including restricted shares owned by the company's officers and insiders, as well as those held by the public. Shares that have been repurchased by the company are not considered outstanding stock.
Wikipedia says: A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ("open market" including insiders' holdings).
Yes, I think pinksheets should update it by the end of the week. It's usually 7-10 days after report date.
Short Interest Date Short Interest % Change Avg. Daily Share Volume Days to Cover Split New Issue
Jul 15, 2008 23,187,500 -0.03 250,673,214 1.00 No No
Jun 30, 2008 23,193,748 0.00 198,510,433 1.00 No No
Jun 13, 2008 23,193,748 -0.11 118,534,834 1.00 No No
From pinksheets.com
Understood. I'll take the risk as only have a small position here.
No guys it was not them who sold. I and my friends sold our millions becuase we don't see this going any where. Sorry and good luck for the rest. I will sell the rest of my shares through out the day. :)
What a difference a few hours makes!
Posted by: alwayssmile Date: Monday, August 04, 2008 1:53:23 PM
In reply to: mrdave who wrote msg# 5629 Post # of 5783
I know this will pop up quickly and that's why I'm holding.
.) The quiet before the storm. There are insider trading laws in this country and emailing shareholders with information before information become "public" could violate these laws. He may need to tighten it up a bit.
IMO: The e-mails Alan answered were all "clarification" of points that had already been PR'd. At this time, people are asking too many questions that could be considered insider information. He will have to give this information to everyone at the same time through a PR.
Yesterday someone on another board sent HGLC an email and the response was signed Alan Santini! Priceless!
The email they posted yesterday was dated July 29, 2008 @ 6:30AM. Later that same day the PR came out saying he resigned as their secretary.
Redfish,
Did you read the PR The funds will be raised through private investment and be used to acquire profitable firms in the Medical and Entertainment industry.
Also: pursuant to Section 3(a)(10) of the Securities Act and Section 517.061 of the Florida Securities Act
When you look at section 3(a) don't forget the (10) on the end. (10) The issuance of notes or bonds in connection with the acquisition of real property or renewals thereof, if such notes or bonds are issued to the sellers of, and are secured by all or part of, the real property so acquired.
IMO It looks like they are giveng notes or bonds to the private investors. NOT SHARES!
Alot of people like to dance and have fun. Does that mean he doesn't know how to make money.
And the link you gave is from July 28, 2008, it shows a cached page. Myspace has taken the page down. It is no longer current. Guess Alan decided he would like a little more privacy.
Many pinksheet companies do not file these forms. Most don't file the 8k's either.
This CEO started in January and is trying to get SEC filings in order. THis will take time. Audits and such take time. I would rather he file the forms complete and correct than go back and change them later as mony companies do.
I read it several times and do realize they put up the new shares they purchase as well as those they previously owned and thos owned by Western Diversified Mining Resources, Inc.; a wholly owned subsidiary of the Company.
I also know they did not borrow 50 million dollars. This is a line of credit that will be used only to purchase HGCL shares at a cost that can not be above .015 which is more than double what HGCL closed at today.
The line of credit will be drawn down as needed and may go as high as 50 million.
Many people in business have short fuses, but make lots of money.
Lumb posted about the barred from running companies in another country? the other night. He claimed his attorneys have appealed this case and he expects to win. Do we believe him? Did we believe he was here?
Yes the HGLC stock was put up as collateral. Just like if I don't pay may car payment they can come take my car.
The link he posted was about the SEC winning a case against the CEO of FFGO in years 2000 - 20001. The case was only recently resolved. The CEO was found guilty, but it was him that was charged and found guilty, not the company. That is probably why the link was deleted so as not to confuse those who might not read past the first sentence.
Yeah I saw the 8k. Money borrowed from St James Capital. I believe Lumb is still the president there.
As long as Lumb let's Santini do what he has planned I believe we will be okay. Got my shares at .0001 hard to beat that.
It's up to .0146 now?
And with the .016 the company says it has in assets.(8k filings)
IMO: That would mean this stock could really be worth .0306
WOW!
.0124 stock divi in another company for each share we own.
I believe there was also a statement that this could go up as shares were purchased by the company. But don't remember where I saw that.
This is something a former CEO of the company did between seven and eight years ago. Is it relevent today as this man is no longer the CEO?
Have not and will not sell any shares at this point.
I do not place my faith in any man.
I do look at all the facts availabe before purchasing a stock. IMO: FFGO is backed up with many facts.
GM V,
Holding here too. I will be outside today, but checking in often.
Many thanks to you and all the mods keeping this board in o;rder!
Trade
Three days to retire shares.
You mean three days to settle shares in my account.(The electronic marker settles.)
Try to get a certificate and see how long it takes you. Only shares in certificate form can be retired.
Janice,
He is giving it away to make sure the shorters will be left holding the bag...
As I said, that doesn't work. I've seen zillions of penny stocks do divvies, and nothing happens.
Unsurprisingly.
According to the June 25 PR:
6. HOW WILL STOCKHOLDERS RECEIVE THEIR DIVIDENDS:
These shares of Goldco Common Stock will be posted to stockholders by
Registered Mail on the "Pay Date." The addresses will be obtained from
the stockholder register. The Company is retaining a specialist firm to
coordinate this entire process with both the Transfer Agent to the
Company and to Goldco. They are able to ascertain stockholder names and
addresses as at the "Record Date" from DTCC and Broker records,
provided they are given at least 14 days prior notice to the
"Record Date."
It looks as if this share dividend will be delivered by registered mail in certificate form to your address of record. What will this cause? As there will have to be a list given of all shareholders of record and there can't be more share out than supposed to be! Santani is not trusting the dtcc to handle it this time!
You can order a card. The page is too large for your screen if you can't see the button at the bottom of the page. To get there you will have to put your cursor over a field and then hit tab. After hitting the tab key several times you will get to the bottom of the page you can not see.