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A summary of FFGO's current objectives from another web site. Just posting the link. I have no opinion yet on what is stated in this news bit...
http://blog.qualitystocks.net/?p=8521
Oh yeah. I got my additional shares today at .0001. No doubt about that! Hopefully we'll get another news release soon, operating web site, some real data on the company, etc.
I have to admit, these "news" releases are kind of hilarious. The writing reminds me of those e-mails you get from an ousted General in Nigeria asking if he can please use your bank account to transfer $50 million to the U.S.
Yep. This bad boy could easily double from here this year IMO. BX has been unfairly clobbered.
Looking good today. Looks like we might break above $25 soon and head for $30 sooner rather than later IMO. Volume here is great.
LOL!! Nope! I'm trying to load up at .0001. But you might get your .0003 before you know it IMO.
Thanks. Yes, I have read many of the posts. Although many of the "fundamentals" here may be in question right now, there is no denying the massive volume on this stock. Also, it is a fact that I could not buy 5 million shares today at .0001. The gigantic positive volume spike yesterday portends well IMO. I'm willing to risk some dough here even with the bizarre history of this stock. If I lose a few hundred or even a thousand here, no big deal. I'll make it up elsewhere. My real trades are now in BX and C. FFGO is a little fun trading. GLTA on this board.
Did not get my additional 5 mil. at .0001 today. I'll try again tomorrow... I can't convince myself to pay .0002 yet. Looks like they are trying to squeeeeeeze it higher little by little and sacrificing some volume.
If everyone is so displeased, will someone please sell me 5 million shares at .0001? Thx.
Trying to buy 5 million more right now at .0001. Hopefully more shares will be released today at .0001. Hey, why not?! I'm going to keep my exposure under $1,000 cash outlay on this one for now. P.S. - Anyone notice in the PR that there are British spellings of certain words?
I don't think anyone is buying at .0002 yet. If and when people start buying at .0002 we may be off to the races here.
Bought in a week or so ago in the $15's. Looking good now. I really think BX has massive upside potential in the next year. I'm holding long here.
Nice movement on Citi today. Made some $$. Hoping Citi can stick around $20-$25 for a while and then climb back up in a few months. I don't think any bad news will clobber Citi too much more at this point. Everyone is numb to bad banking news now IMO.
Okay, Google Finance now indicates that the company has 53.4 billion shares with market cap of $10.68 million. That sounds closer to reality here. Maybe some speculative mania can still get us up to a few hundred million market cap soon. Who knows??
http://finance.google.com/finance?q=PINK:FFGO
OK. I'm in now for 2.5 mil! We'll see what happens. The daily volume on this thing is just too insane to pass up IMO. If it keeps up we might actually start to pop here and I can start averaging up on it. We shall see.
Looks like there are no takers at .0002.
Sorry to hear about your experience so far with this one. From my exerience with stocks trading in this range, one of two things can happen: 1.) The stock is dead and stays at .0001. Then at some point the management plays some complex monkey business with the share structure, mergers, etc. and all prior common shareholders end up with 5 shares of crap; OR 2.) The stock somehow manages to go up from .0001 and multiplies your money like a slot machine jackpot. Result #2 can and does sometimes happen for those who buy in at the .000's. For those who were in before the .000's stage - probably a bad result now (BUT you could still gamble one more time here). I may just buy a few million for the hell of it.
I think I read that there were 40 BILLION "restricted" shares issued to Moneyworx to fund the acquisition/merger?! Can that be correct? If those shares have hit the open market (or will hit the market) there is simply no chance of this thing ever moving up IMO. So is Moneyworx dumping these 40 BILLION "restricted" shares in order to get itself paid? Something is weird here IMO. Just trying to piece this together... Seems that there is an endless supply of .0001 shares. If true, so after Moneyworx gets paid by dumping all of its shares on the open market, FFG does a massive reverse split and common shareholders later end up with 20 shares of XYZ Corp. trading at 10 cents, etc, etc. Seen that trick before... All just my opinion and theorizing of course.
Over 400 mil traded today and price still .0001?? Looks like daily volume in the Billions will be needed to move it IMO.
Thanks for that re-post. New here, but this thing is looking more and more like QBID in my opinion. Anyone remember that one?! Ughh.
Thanks. I'd love to believe that there are only 400 mil shares issued and outstanding - but that is impossible IMO with daily volume of 100 mil and no price move. I bet when they do some updates to corporate filings we'll find out that there are billions and billions....and billions of shares out there. All my opinion of course.
OK, how many shares are issued on this stock? I keep seeing a number around 400 mil - but then read some SEC filings that said consultants had each been issued 1.5 BILLION shares for a 10% or more interest in the company. Makes me think that 400 mil issued should actually be more like 10-15 BILLION issued. In that case, this thing is permanently flatlined at .0001 in my opinion. Any thoughts?
Well, just my opinion - BUT I would look at the technicals before the "fundamentals" at this point. Take a look at a 2 YEAR chart for GSPG and you can better see what happened here. This is looking more and more like it was a huge dead cat bounce that got supercharged by the price of gold going up at the EXACT right time. I may be wrong. All just my opinion of course... I'm more of a technical trader than a fundamentals guy.
New here. Been keeping an eye on Citi for a while and watching it drop. IMO there could be a fast turn to the upside before too long. The trick is to get in right after the turn is confirmed. This could be a pretty quick double under the right circumstances. All my opinion of course...
For purposes of full disclosure, I'm out now. Been in since October and originally got in at .0015 and averaged up from there. Made some nice change and cashed out. The stock is acting a little too funky for my risk tolerance lately and gold seems to be dropping. But good luck to ALL on this board!! This stock was good to me!
What a lousy day here. A little concerned we're going to open much lower in the morning. Hopefully not.
Wow. Gold is exploding upwards now! Bear sells for $2 share!? This is getting crazy. Hopefully this will all soon be reflected in the prices of junior mining stocks. Can't wait for a big blast off in the whole sector. OK so if Bear is actually "worth" $2 share, can we except complete financial collapse starting Monday morning?
One final thought on your question - the problem is not only the Dollar. ALL government issued currencies are in the same boat as the Dollar to one degree or another b/c the governments have all had their printing presses running overtime to deal with a wide variety of different issues facing their respective economies. The Dollar is only the worst of the batch (well, maybe except for Zimbabwe). IMO gold cannot help but continue to go up against these official currencies.
Also, just to note - IMO GSPG is not really a "pinksheet" stock. It is traded OTCBB and is a reporting company. Much nicer than your standard pinksheet shares from that perspective.
Yes and no IMO. Right now precious metals stocks are pretty well tied to the ups and downs of the overall stock market. My HOPE is that at some point soon precious metals shares will "disconnect" from the general market and become free to go up even while the overall market is collapsing. This is my HOPE - no guarantees of course.
FYI - re: message boards, in addition to IHUB's discussions of GSPG here, Yahoo message boards has some really crazy posting going on (with a lot of borderline pumping and some overt bashing too). Also, seem to be some posts on GSPG starting on Google Finance boards recently.
Gold pushing $1,000 again! Hoping for a nice pop here tomorrow.
Oh man! Today was a roller coaster. Nice close in the green! And gold is heading back up now. My finger would have been twitching on the sell trigger near .016 but I was stuck in a seminar today. By the time I got back to my computer, we're back over .018. Cool. Hoping for a nice return upswing from here. Close call today - on my position at least.
It appears we are solidly in oversold territory now. I hope to see a turn up within the next 2 days. IMO we might be down 1 or 2% Wed. and then go up Thurs. or hopefully might start going up Wed. It would be nice for positive news release to help slingshot us fast out of this oversold zone!
Wow, we're really crapping out lately here. Any ideas why??
Gold heading back up! Man, I'm getting tired of this .02 range we've been stuck in. Anyone else ready for a BONANZA??
Well, looks like we held up OK today considering the profit taking in gold. Hoping gold can now make a run for $1,000! One great thing about GSPG is that we have gold AND silver - so we are not as prone to fluctuations in one metal price or the other compared to some other juniors in my opinion.
Gold price seems to be holding up OK in after hours. I don't think any kind of gold price correction will happen until after we break through the psychological barrier of $1,000. Even then any correction should hopefully be pretty minor in my opinion. What are the alternatives? Buy US Dollars?! We shall see. Very nice action today on GSPG! All just my opinion of course. Still strong and long here.
Technical indicators all still say "Buy" even after the dip today - according to the link below. Interesting.
http://quote.barchart.com/texpert.asp?sym=GSPG&code=BMAVN
Well, at least we held at .02 today. Really is time for this thing to break out of the .02 range. We should be at .03 right now - eventually looking much higher with all of the potential on this site and the current market climate IMO.