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I hear these guys stiffed one of their key suppliers and that supplier is suing. Doesn't surprise me one bit.
Bunch of chumps!
Of dubious note, EIGH make the grey sheets top ten...
http://www.otcmarkets.com/grey-market/home
Check top decliners.
Of course Janice, have you ever been wrong?;)
Hey Moe!
Janice, from pinksheets, shows EIGH is grey now with the dreaded skull and cross bones.
8000 Inc. EIGH
Grey Market / Common Stock
8000 Inc. Caveat Emptor
Pink OTC Markets has discontinued the display of quotes on otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:
* Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
* Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
* Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
* Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
* Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.
* Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
* Other Public Interest Concern — There is, in Pink OTC Markets' view, a public interest concern.
Consequently, Pink OTC Markets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to Pink OTC Markets Guidelines for Providing Adequate Current Information (PDF) and until Pink OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page for more information.
So, Mr. Varmit, to carry your home/car purchase analogy to its logical conclusion, do you not also have debt service, you know, like a car or mortgage payment? Of course you must answer yes. And since the answer is necessarily yes, do you see where any of these entities has a source of income from which to derive debt service payments? No, you can't. And we have ample evidence to support that none of these related entities has ever produced a dime of revenue or income, that fact is indisputable and freely reported and admitted by officials at these various companies.
And therein lies the argument that these so called notes bare absolutely no economic substance other than a paper shuffle between related individuals to make it appear as if there is value when nothing could be further from the truth. And it can be readily ascertained that there is no stream of income now and by logical extension a cash balance where one would expect to find sufficient cash to service many tens of millions in notes either receivable or payable, 61,760,883, to be exact.
I'm sorry, but that is where the analogy comes to a ignominious conclusion.
So, when you decide to dig into your little analogy or anyone else who has employed this little bit of artifice, one quickly finds that is based in flawed premises and incomplete ideas which makes it very easy to dismantle into its various components of half truths and miscomprehensions.
Good day.
EIGH get the skull and crossbones at PinkSheets.
Pink OTC Markets has discontinued the display of quotes on otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:
* Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
* Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
* Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
* Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
* Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.
* Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
* Other Public Interest Concern — There is, in Pink OTC Markets' view, a public interest concern.
Consequently, Pink OTC Markets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to Pink OTC Markets Guidelines for Providing Adequate Current Information (PDF) and until Pink OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page for more information.
Tell us AlanC, where is this notion of "trying to do business properly" evidenced. Is it the complete lack of revenue and of course income since its inception, the now countless number of failed promises, reverse-splits that have wiped out many a hopeful shareholder? Which is it?
In the real world there is one one sure-fire way to "beat the shorters at their own game". Starts first with not being a pump and dump scam.
This stock makes me laugh! Absolutely nothing here and not that difficult to arrive at the sane conclusion that all you believers have been had.
Totally,
Neil, pretty typical of Multimillion dollar mining concerns...
in freakin Bizarro World!
Anybody try contacting anything or anyone over here with a pulse?
CONTACT DETAILS:
The Company’s Main Telephone number:
(702) 635-8146*
* Please bear with us whilst the Corporate & Multi Divert PABX System is being set up.
The Company’s Postal Address is now:
848 N. Rainbow Blvd. #3003
Las Vegas, NV 89107
The Company’s Fax Numbers:
Corporate & Company Management: (702) 924-0741
General Investor Relations: (702) 442-0796
Institutional Investor Relations: (702) 583-7356
The Company’s E Mail Contacts:
Corporate & Company Management: corporate@nagoldfund.com
General Investor Relations: generalir@nagoldfund.com
Institutional Investor Relations: institutionalir@nagoldfund.com
Never too old. I am aware of that board. I'm a self taught guy with a bit of formal education in Futures and options, a lot of my undergraduate degree in acct/fin included electives in Modern Portfolio Theory which covered in depth ivory tower concepts in stock futures and options that basically whet my appetite for more and more coverage on the math behind the theoretical science behind financial instruments. Just a few years back I started with the e-mini's and have never looked back. I got to where I am as a trader by constantly looking for ways to exploit temporary inefficiencies in the capital markets which could be any number of monetary instruments. I'm not kidding, there are literally hundreds of thousands of products you could trade. I would recommend a program like Monk's but not necessarily that one. Etrade has some nice webinar that could get you pointed in the right direction if you want to trade options and futures in currency, stock, metals, swaps, commodities, you name it.
Check into it.
Unfortunately, last post of the day according to IHUB.
I beat that all the time dear Alan. And I don't have to join some stupid board to complain about the markets. A few whoppers for you to think about. And you let me know when that hits(never). Meantime I'll be rolling in cash, not some wild ass promise of it.
Elan October 2005 2.5 put 1,500 933.71 116.24 817.47 703%
Idec Jan 05 60 put 200 953.48 86.49 866.99 1002%
ET Jan 06 15 put 1,000 2,069.46 175.49 1,893.97 1079%
ET 30 Covered call 1,000 1,372.47 167.49 1,204.98 719%
Elan Jan 07 7.50 put 1000 2017.42 167.49 1,849.93 1105%
CTSH Cov Call o 1800 4,206.46 113.49 4,092.97 3606%
http://i772.photobucket.com/albums/yy8/vrbaca01/firetip.jpg
value top screen.
http://i772.photobucket.com/albums/yy8/vrbaca01/etrade.jpg
Wow, Alanc, I saw your trade hit level II on my Etrade. I see you're a big player in this stock. Personally I wouldn't bother trading such small potatoes. I just took a snap shot of my E-mini account with Firetip to show you what one day can bring in with gold and russell 2000. I flattened my Dec TFOZ for a healthy 11k gain.
You like gold, you'll love the Dec E-mini for gold contracts.
I am going to bet with my money, your money, money I have found, money I will beg borrow or steal for, money I have not yet earned that it posilutley absotively won't!
Good Christ, true to form, just as soon as it looks bleak for your decision, every cockamamie event in the known universe suddenly somehow relates to your FFGO/NMGL.
Reminds me of another pump and dump that went south that shall remain nameless.
I am going to bet with my money, your money, money I have found, money I will beg borrow or steal for, money I have not yet earned that it posilutley absotively won't!
Good Christ, true to form, just as soon as it looks bleak for your decision, every cockamamie event in the known universe suddenly somehow relates to your investment.
Reminds me of another pump and dump that went south that shall remain nameless.
Hey rocket, in your wildest bizzaro world dreams did you ever imagine you'd be crowing the virtues of a stock whose combined total trading volume would top out at $300.00 for one day?
Good God almighty when you step outside of yourself for just a second, can you kinda get an idea why us naysayers take such sport with you all-in believers?
Hey Moe!
shpan8, never! And while you're stewing in your own juices, you'll have miles and miles of silence from a company that took 8 months to complete its year end audit for 2009, all 400.00 of cash on the balance sheet worth.
Read the 10K and ask yourself the question...this took 8 months????
Note: NMGL doesn't issue snazzy press releases like that pump and dump FFGO. NMGL said it would communicate by way of long over due and delinquent regulatory filings. So in a word, when they're good and damn ready to give a shite.
Your money is so dead.
Trust me TEx, they will never have that problem. Even they said they wouldn't lift a finger to bring these so-called mining leases into production. They're just trying to peddle them off, again, hopefully to someone who really is an unrelated third party.
And fat chance.
No, I don't. You love to argue moot points. Why is that?
Just read up on preferred stock. Preferably, why to you comb through a 10K for a company that has tangible net worth. Virtually ever DOW component has preferred issued. I would start their rather than a company that essentially comprised of thin air.
Yes Janice, some mega cap blue chip concerns actually have marketable preferred and the requisite assets and tangible net worth to make them fairly liquid. Of course to say NMGL in the same breath as some of the companies that have a real market presence is an exercise in futility in which I choose not to engage.
AlanC and Tex, please comment on this thread...From the FAQs
There is absolutely no doubt that at some point, the SEC will move the listing of Fortress from that of the OTC Pink Markets, Inc. to that of the “Grey Market” as it is a delinquent filer and does not qualify to become a “Non Reporting” Company due to the size of its stockholder base.
This is regulatory action!
And it is specifically Identified in the very same FAQs as a deal breaker.
Of all the unmitigated gall!!!!
AND TRUE TO FORM, YOUR MATCH STICK BID JUST TOOK IT'S FIRST CREDIBILITY HIT BUT SURE NOT TO BE THE LAST!
And just in case the notion that this cozy little self-negating "deal" was a still birth from the get go has escaped you, remember, that is the typical fate of any deal which is essentially nothing more that self-dealing between parties that absolutely only have their best interest at heart, not yours.
If you don't learn from this one, at least try recall how this occurred this time when you no doubt stumble into another Lumb promotion.
Hold your horses there Tex, don't forget the "Boo Hoo Clause" and the SEC "Boogie man" provision in the FAQs.
Would NMGL be entitled to cancel these transactions for any reason?
NMGL is entitled to cancel these transactions should they deem these transactions to be of reputational risk to themselves. The agreements provide for such termination by NMGL in the event of any litigation against Fortress or Western or any regulatory actions against Fortress. Damaging and libelous statements publicly leveled at NMGL, its Directors, Advisors and controlling stockholders could also trigger such termination. In the event of NMGL terminating these agreements, Fortress and Western have been advised by Searchlight Exploration, LLC that Searchlight Exploration, LLC would in likelihood exercise its rights and remedies to terminate its Agreements and reclaim all of the Bouse Gold, Inc. and South Copperstone, Inc. properties as it is legally entitled to do so.
With respect to the regulatory action provision, I don't think that it is at all unreasonable to contemplate that the SEC will in fact begin proceedings against FFGO which conceivably could occur at any moment insofar as management has already acknowledged this likelihood. That would cancel the deal. Can you see how they regard you shareholders? I mean on the one hand they mention that the SEC may move to cancel their registration early in the most recent FAQs, and in the very same FAQs a little more toward the end, they casually mention that this could cancel the deal. As far as I concerned that is extremely devious in fact bordering on fraudulently deceptive. You simple can't have it both ways.
And of course the "Boo Hoo Clause", a provision I find laughable insofar as there is already enough bad press about Lumb and his chummy little cadre of cohorts to serve as adequate justification to trigger this clause six months ago. That would also cancel this deal.
So at the end of the day, your deal, already with more holes in it than a Sierpinski Sponge, has probability of occurring approach one in a million, if not more.
Yeah, I'd say that this probability has been priced into both FFGO which currently has no bid and no demand just like NMGL.
Prediction? Fat Chance!
Please read the "Boo Hoo Clause" in the FAQs. Could you imagine a real dividend paying company like say GE or IBM saying that it is canceling it's dividend because "some one told me a bad word mommy"? I read that and laughed and laughed and laughed and if I ever had any doubts about whether we were dealing with a joke of a "company", this little gem settled that debate once and for all.
Would NMGL be entitled to cancel these transactions for any reason?
NMGL is entitled to cancel these transactions should they deem these transactions to be of reputational risk to themselves. The agreements provide for such termination by NMGL in the event of any litigation against Fortress or Western or any regulatory actions against Fortress. Damaging and libelous statements publicly leveled at NMGL, its Directors, Advisors and controlling stockholders could also trigger such termination. In the event of NMGL terminating these agreements, Fortress and Western have been advised by Searchlight Exploration, LLC that Searchlight Exploration, LLC would in likelihood exercise its rights and remedies to terminate its Agreements and reclaim all of the Bouse Gold, Inc. and South Copperstone, Inc. properties as it is legally entitled to do so.
I mean come on, what kind of asset do you really think you have rights to such that an event that is so beyond anyone's control to stop would trigger a default? In a word, you own zero!
Finally found something with more holes in it than this...
http://www.google.com/images?q=sierpinski+sponge&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&um=1&ie=UTF-8&source=univ&ei=4FmKTNyrIJKasAP76KXkBA&sa=X&oi=image_result_group&ct=title&resnum=4&ved=0CDkQsAQwAw&biw=1672&bih=878
Bull Finch, thanks, a perfect example of the kind of "hyperbolic gibberish" that serves as a stand-in for real Due Diligence.
BUll Finch, your opinion seems to conveniently ignore some well known facts that these so-called companies and so-called managers and directors are all a closely knit assembly of old drinking buddies passing worthless paper between themselves during happy hour at some posh pub. It's an incestuous snake ball of related parties where absolutely no economic substance of any merit is created, only the appearance of such to a person who wouldn't know a conflict of interest if it bit him on his back side.
So while you're all in a lather over all of $300.00 in value of traded equity, a laughable amount and I don't care who you are, please reconcile that above fact against the hyperbolic gibberish bandied about here packaged and plated as DD.
Thanks for the web definition. I'm well aware of that. But if NMGL is an "Institutional Investment Company", then so is my trash can.
You can't seriously believe this crew has the acumen to be engaged in any enterprise other than relieving you of your cash.
Please, sell it someone else. Thank god I have too much money to slum for penny stocks.
ALANC, news regularly from NMGL? You are incorrect as usual. They successfully have ridded themselves of the incessant demands of shareholders for PRs and 8Ks by folding into NMGL "an institutional investment company". You'll be suffering through silence like you never knew.
Read on.
"Since the purchaser is being structured to become an institutional investment company there will be no public investor relations messages issued by the purchaser. Through the coming month of September, Fortress Financial Group Inc. will continue to issue shareholder advisories and the IR firm will continue to address the shareholders. The Company anticipates that all Fortress Financial Group Inc. corporate activities will cease after that time."
That would be a whale all penny trader like. Definition of a whale for a pink sheet trader...anyone who can rub two nickles together.
What a joke!
I think that feeling you have exists with or without me. I mean how could you not. Do you not plan your trades and trade out your plan? I don't know about you but I use stops or because I trade stock that are optionable, I use options as a stop loss tool. No, I'd say your trading style, such that it is where you stay in a stock for a 80% haircut speaks volumes about you intellect, your claims otherwise notwithstanding.
Yeah, I'm here all the time. What, 3 post maybe and done until you lose another 60 or 70%.
Hey Moe!
You think it's ugly now, just give it a few more days. Once the death spiral starts, there's very little chance of a reversal. Especially when it becomes obvious that the only thing this company is good at is printing and selling more shares representing little value if any.
I'm not impressed, a bunch of 250.00 to 500.00 trades with a couple of 1.5k to 3k peppered about. Bunch of pikers but no real players. In my book I'm a whale. Minimum trade for me is 45 to 50K and I don't play companies that sparsely exist at all save for a few pieces of a paper in some registered agents file drawer. Move on, nothing but pikers here.
Rocket Man, yeah I guess, but if I want to read the one that tells me whether to take an umbrella to work or not, I'm going with the paid trash rag. At least I stay dry. Get it?
Bait and switch, anyone?
Assuming (a) that the Western Transaction is consummated,
What the????????????
I thought the deal was complete?
Boy oh boy! This is getting interesting. Cold feet? The thud heard around the world wasn't what management expected? Start over?
Why not, it's only a bunch of paper.
LOLOLOLO
And Rocket Man, fwiw, you didn't have it figured out. Otherwise, in your version of reality you'd be rolling around in greenbacks and I'd be pulled up to the table ready for some crow.
First off alanC, I must tell you I respectfully albeit vehemently reject any notion that anyone, particularly an MM short sells a stock with a severely limited downside so lets just reject that assertion out of hand and I don't want to debate it with you insofar as I am well aware of your longstanding belief that treachery besets companies that sparsely exist at all save for the many billions of shares outstanding represent absolutely no enterprise value.
So anyway, now that we got that cleared up.
Good luck with you cash dividend from a Big Board stock that somehow along the way morphed into a preferred dividend with no guarantee of settlement from a Lumb/Lowental shell which we all predicted would be the case well back.
Hey Moe!
Not any more. Have you noticed the sharp drop off in posting on the FFGO board? Not coincidentally the rapid and likely permanent loss of the bid and any meaningful volume. Well, I think it's not too much of a stretch to conclude that the mass majority of people who were thinking they would get cash and not some locked up preferred junk in a near defunct shell have come to the reasonable conclusion that they are the victim of a good old "bait and switch" and have resigned themselves to a near total loss.. They ran the volume up prior to the release of the news thinking they would turn 1 buck into 30 bucks come to find out nothing could be further from the truth. And despite the glowing opinions of people like Tex and AlanC, the facts belie their rosy interpretations. As is usually the case the devil is in the details, whether SH receive any dividend redemption is solely at the discretion of "management", such that it is. And so far, the discretion of management has always meant that SH pretty much get the shaft.
It's over, Lumb and company win again. I wonder what they raked in on this pump and dump.
Newtrader, I think there is something a little more insidious going on here will a these sudden converts to the glories of NMGL. And it wouldn't be the first time that insiders from an unscrupulous pink sheet co-opt certain posters to do their shilling, er um, I mean bidding.
One poster in particular seems to always be around preaching the virtues of the virtueless. Can you guess who?
OH GOOD LORD ALANC, now it's GO NMGL?
I am truly speechless. Yes, I am without speech.
Hey Moe!
Hey seventen, suddenly you seem to think you're an expert at what NMGL will or won't do when all the time you resisted any notion that they were the buyer all along?
Come on, that's not intellectually honest. It's pretty clear you're just trying to save face. Myself, Janice and a few others saw this coming from a mile away. You should be asking us what we think will happen next instead of relying on your own instinct which to say the least leave something to be desired insofar as yo didn't see this NMGL paper shuffle coming.
Yeah Janice, and not expecting many. But I came up with the following calculation for the effective reverse split.
Give up 1 share of ffgo for .0001616846 for NMGL Series A preferred
or 1 for 6,184 reverse
And another share of FFGO for 0.0003921 for NMGL Series B preferred or a 1 for 2550 reverse.
So you get 0.00055378 for every 2 shares of FFGO, or an effective reverse split of 1 for 3611.
So for a whale who owned 60 million shares, he can now be the proud owner of 16,613 shares of NMGL.
That some nice cheese even if no one will be ever be able to sell that junk.
Does that sound about right?
Is it in bad form to say "We told you so"? And now, has anyone calculated the effective reverse split that has just occurred as the result of this little share swap?
Hint: It's pretty pathetic.