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What would you say seems to rule the day on the current price, such that it is, opinion or fact?
My fact is it's the opinion that's dictating the price, and the "fact" you believe is nowhere to be seen or you'd be rich and then you'd be nowhere to be seen.
Yes, no, maybe??
Following? Perhaps. Say, is that a torch and pitch fork toting mob I see storming the castle gates?
Gettin there.
Tom, you big spender you.
You're my whale baby.
Hey Moe!
GRumps. Thanks. Call me what you want but I am not currently an investor in FFGO and given all the aforementioned problems with this stock and pink sheets in general, probably never will be. Don't get me wrong, I love investing and do so quite a bit lately and as matter of fact had a pretty good week this week raking in a little shy of 10k trading options so I am not averse to risk. But you can count me as one of those who has an intimate association with the notion that "if it sounds too good to be true, then yada yada yada". There are just too many risks in this game that are rare in the high profile markets not the least of which is that my investment might wind up in the pockets of a crook which happens way too much in the pink sheet with the poster child for this being CMKX and I'm afraid FFGO. That is simply a risk I am not willing to take.
I am afraid that could drive me to do something quite unlawful.
FFGOers' if it’s not immediate clear at this point, let me make it so. This company needs new money to flow into the trading and that isn’t occurring. Can we all agree that this is a fact?
Now, if you are all in agreement that this is the case, then here is what I see as major impediments to this happening.
Management's unwillingness to be more communicative to present and FUTURE shareholders that the litany of problems occurring at the TA, their past track record, the delinquent deal will all be settled, corrected by new efforts, or consummated as originally promised.
If anyone has the power to change that, it is management. And so far, your management has chosen to ignore plea after plea to release information in an official capacity that steps are being taken to correct what I think we can all agree are major reasons why no NEW INVESTORS are considering this stock as an investment that will allow you to sell your position at a gain.
It seems that daily a new problem raises its ugly head that will lead any New Investors to avoid this company like the plague.
Just my thoughts on the latest with FFGO.
I know one thing. These guys pay their bills ahead of time...
Jan 22, 2010
9:53 am Accounts Receivable Cash Receipts Register
Customer IDs LIGHTING to LIGHTING
All Cash Receipts, Cash account 1. CHECKING-0050xxxxxxx
Inv # / Cash --- Distribution --
Chk # Reference Acct Customer Date Amount Apply to Amount
====== ============ ==== ============ ======== ========== ======== ==========
11447 1 LIGHTING 04/24/06 230.00 17059 230.00
11494 1 LIGHTING 05/19/06 266.70 17126 266.70
CrCard 1 LIGHTING 06/10/06 167.20 17264 167.20
1152 1 LIGHTING 11/22/06 501.60 OpenCr 501.60
1183 1 LIGHTING 11/30/06 103.60 17198 103.60
CrCard 1 LIGHTING 03/09/07 46.33 17868 46.33
1659 1 LIGHTING 06/29/07 4876.80 18492 4876.80
1766 1 LIGHTING 08/13/07 8422.40 18614 4358.40
18604 4064.00
1795 1 LIGHTING 08/13/07 812.80 18669 812.80
1996 1 LIGHTING 10/15/07 1617.84 18924 1617.84
2143 1 LIGHTING 11/16/07 5080.00 18993 4775.20
18983 304.80
1349 1 LIGHTING 12/07/07 1347.12 19183 20.30
19168 1326.82
2446 1 LIGHTING 01/31/08 15931.80 19323 15931.80
CrCard 1 LIGHTING 02/06/08 61.40 19494 61.40
2559 1 LIGHTING 02/28/08 13220.60 19387 324.90
19320 763.20
19311 807.50
19303 11325.00
2745 1 LIGHTING 04/30/08 7248.00 19615 7248.00
1881 1 LIGHTING 05/08/08 628.00 19614 628.00
2847 1 LIGHTING 05/08/08 13550.00 19770 183.00
19699 4760.00
19684 8607.00
2956 1 LIGHTING 05/16/08 2975.00 19824 2975.00
3126 1 LIGHTING 06/11/08 21750.00 19880 21750.00
3399 1 LIGHTING 07/14/08 4350.00 20050 4350.00
3728 1 LIGHTING 07/21/08 10058.40 19993 2438.40
19932 7620.00
3546 1 LIGHTING 07/31/08 20041.60 20190 17400.00
20183 2641.60
4131 1 LIGHTING 09/18/08 48641.20 20332 5141.20
20290 43500.00
4297 1 LIGHTING 10/10/08 5225.00 20513 1350.00
20448 3875.00
4514 1 LIGHTING 10/31/08 812.80 20689 812.80
5363 1 LIGHTING 12/31/08 1575.00 20851 1575.00
CrCard 1 LIGHTING 02/27/09 179.00 21560 179.00
5669 1 LIGHTING 02/28/09 5080.00 21198 5080.00
6105 1 LIGHTING 06/10/09 3035.80 21735 2452.80
21702 252.00
21615 331.00
6218 1 LIGHTING 06/26/09 9332.14 21905 6350.00
21807 184.68
21799 99.00
21796 2688.40
21777 10.06
7063 1 LIGHTING 08/30/09 5825.57 22511 207.67
22504 398.70
22441 5219.20
7319 1 LIGHTING 09/24/09 50.50 22599 50.50
101409 1 LIGHTING 10/14/09 14641.60 22865 800.00
22827 5640.00
22775 8201.60
8278 1 LIGHTING 11/23/09 9400.00 23133 9400.00
112509 1 LIGHTING 11/25/09 3760.00 23114 3760.00
112909 1 LIGHTING 11/29/09 10438.40 23413 10438.40
122909 1 LIGHTING 12/29/09 10438.40 OpenCr 10438.40
green, what reason??? Apparently, based on past behavior,
"just because" seems to be as good as any other reason on the table. Your considerations need not be considered.
And FWIW, if you follow the thread, I was responding to someone who pasted the PR they got with the last R/S so please, disabuse yourself of any notion that I am trying to create the impression that another R/S is in the offing.
Bwhahahahaha! My favorite part..." The Company intends that it will no longer trade as a "sub penny stock", this in our opinion, has proven to be of little use nor benefit, to our stockholders. This Reverse Split will be effective prior to the Company trading under its new name and Trading Symbol.
ANd yet here they are again, back to "little use nor benefit"!
You cannot make this stuff up. It's just too GD funny.
SO, with the T/A problems taking centerstage and the likelihood that such problems put a freeze on "negotiations" regarding the "deal" for what will likely be an indefinite period of time, anyone want to guess how many trading days before this thing goes to zero bid?
My guess is Monday next week.
Anyone else?
I just found a quarter in the cushion of my easy chair. That'll buy me a cool 2500 shs which is all any sane person would risk in this regulatory fiasco.
See signature below for those of you commiting serious cash to this FFGO company.
whatever looking,
there are still way too many shares out there for a company with zero revenue and questionable assets if any.
But if you're okay with 30 billion, then what's 60 billion between friends. It's already beyond laughable as it stands.
100 billion????? Hey, but it's still a number south of the number of galaxies in the universe so ya got that going for ya.;)
And yet another reason I don't touch pinkies with found money.
Tex, no more offensive than the thought of buying FFGO at any price.
sorry brian, paunch sees it quite a bit different. In his view buying is picking up and the sells you reference are actually MM tricks designed to lead you to your mishapen conclusion.
Well at least its an update of sorts.
No, that's it. There's no "see" to it, it's all dry land.
Western is FFGO, they are not a new entity and therefore cannot acquire something it already owned prior to 2009.
You do realize somebody or anybody could have planted that company info. don't you?
Here, submit your own.
http://investing.businessweek.com/research/common/submitprivate/submitprivate.asp?from=stocks/private/snapshot.asp?privcapId=28544874
Substantially irrelevant insofar as Western is owned already now going on 4 years by GWGO=FFGO as a majority shareholder of more that 70% of the stock.
Texas, how could there be a leak of info already in the public domain since 2005?
Brads, and 2006, 2005 and as history will likely repeat itself with this crew, add 2007 2008 2009 2010....ad infinitum.
http://findarticles.com/p/articles/mi_pwwi/is_200512/ai_n15918272/
Good lord, how long have they been passing that shell back and forth and self-dealing in its own stock, 2005???
http://findarticles.com/p/articles/mi_pwwi/is_200512/ai_n15918272/
Read the whole convoluted tale of stock prop and swap, all 5 pages of it. And if after it, you still know whether to shite or wind your wrist watch, then a small miracle will have occurred.
define run.
abashii, I guess that would indicate that the bid could be less than .0001, maybe .00005 which would round up to .0001. I trust that you are just reporting a fact as evidenced by the trade confirm.
newtrader, I will bet good money that they are as suprised as I am that they have been granted a second life after the Harusu "bag over the head-kick in the pants" fiasco. It says a lot about the typical penny stock trader and his/her level of sophistication which isn't much. So, yeah, you're right, they certainly aren't going to cut off the money train they have happened into.
There will be a deal alright. But as usual, the devil will be in the details and the stock price is discounting that quite convincingly.
jufel, I think you are wrong. There is a deal however, it is as weird and convoluted and subject to being recinded just like the ones of the past. Unfortunately, FFGO took such a credibility hit with the last failed deal that there are very few believers despite the smattering of interest that occurs here and just about nowhere else.
If you want to see a company that's pretending to be engaged in mining activity go over here realize it's FFGO.
http://www.fortfinancegroup.com
Kmart, let's flip your logic a little to better help describe what we are seeing in this observable reality.
If it is the case that there is heavy selling which is obvious is and has been occurring for several week now, then the "deal" is not going to occur or if it does, it will be another paper play consisting of another related company owned by either Lumb or Bezzano that is supposedly the counterparty.
There, now that seems to be a more reasonable assessment here than your “what if” which is obviously not occurring.
Just trying to help.
We have a problem! Get me Rex Cramer!
MIke2211
I emailed Bezzano the reply link and also copied enforcement@sec.gov and wouldn't you know it, no reply.
Cat got his tongue???
Prop job newtrader...
I've spent the last few days, pouring over official and non-official documents, some dating back to 2005 or earlier, cross referencing the associated Company Officers, including background checks on each of them, etc...
I have come to the conclusion that this is what is known as a "Prop Job".
The companies associated are all owned and/or operated by Stephen C. Lumb, Ronald Y. Lowenthal, Peter J. Bezzano, Michael G. Saner and Alan Santini.
First and foremost, HGLC, which is run by the individuals listed above, is a non-reporting company, along with a host of other companies that are owned and operated by Stephen Lumb.
FFGO and HGLC share the same office space and the same Legal Counsel. If you compare the two companies, you will start to see that neither company has any revenue to speak of. In addition, neither company has filed a 10K or 10QSB, since 2005, when FFGO was still known as GWGO.
This is where the "Prop Job" comes into play. The companies are essentially supporting each other, through various PR's, each stating that they have value, which is based on the number of shares they hold of associated companies, which are owned by Stephen Lumb.
Essentially, they pass paper back and forth, which gives the appearance of value, deals being made, etc...
What caught my attention was the "Extraordinary Dividend".
After extensive review, I think the two companies are trying to garner outside interest (and sales), through consolidation of the two companies. Note - -
NEW YORK, NY, Jul 29, 2008 (MARKET WIRE via COMTEX) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) notes that Hunt Gold Corporation has issued a Press Release today which states that Fortress Financial Group, Inc. is playing "hard ball" with them and that they are very likely subject to a takeover bid.
This is laughable, considering the relationship between the two companies and the fact that they are owned or operated by the same group of individuals.
Now, take into consideration the July 31st PR from FFGO...
NEW YORK, NY, Jul 31, 2008 (MARKET WIRE via COMTEX) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has received a short term Loan facility in the amount of US$50 million to be used solely for further purchases of Hunt Gold Corporation's "free trading" stock, at what we view as "bargain basement prices," in the market; thereby increasing our Company's "free trading" stockholding in Hunt Gold Corporation.
Again, laughable...
Now, a "Private Equity Firm" is attempting to purchase controlling interest in both companies..? Well, blow me down with a feather... Note - -
NEW YORK, NY, Aug 01, 2008 (MARKET WIRE via COMTEX) -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirmed this morning that it had received an offer for the Company which was valued at a price per share of US$0.025 per share. There were a number of conditions attached to this Offer and the Board of Directors requires more time before advising stockholders as to whether they can recommend this bid to stockholders.
The Board of Directors cautioned stockholders that the offer was made by a highly aggressive Private Equity Group which may attempt (and succeed) to purchase large blocks of this Company's stock; thereby giving it control of this Company through the "Back Door." We stated that we were powerless to stop this; should it occur.
Powerless..? I don't think so... There are many ways to stop a hostile takeover, IF they want to... Also, where did the Private Equity Group come up with .025 per share..? And, what is it based on..?
With no Audited Financials, I seriously doubt that any reputable Equity Company would make an offer, much less, an offer which is four times above where the stock is currently trading...
IMO - The "Highly Aggressive Private Equity Group" is just another company, owned and operated by Stephen Lumb and his crew, which they are using to not only consolidate the two companies, but also, to give the appearance that there is great interest in both companies, by an "Outside" suitor, which in-turn, creates even further interest by either current or perspective shareholders...
This has all the markings of a well thought out Paper Play, where the promoters get rich and the shareholders eventually get stuck holding shares of a worthless shell.
That's what your so called deal is...another paper play prop job.
But hey, doesn't mean you can't flip it.
So newtrader, what do you make of that?
I have a comment but you won't like it.
lookingforhelp, read your post. uhmmm, yeah, Loved it babe. Little suggestion though. When you want to demonstrate that your care level is at its lowest, the proper phrase is " I could'nt care less". To say that you could care less goes to say that at your current care level you could still care even less as you have not maxed out your apathy. Anyway, as I read your post, improper usage notwithstanding, I thought of this little Etrade add just for you.
cbrad, so what are you trying to say?
Looking for help...
1.Lower the A/S no brainer. Why bother the issued is already a sign of ungodly dilution.
2.Cancel the 3 billion for work never done no hard to do.
See answer to 1.
3.Release the true numbers from the TA which they have had for several days. What, and only confirm what everyone fears but is circumstantially evident anyway?
4.Give a update on the deal. Non-existent deals hardly need updating. They'll wait it out until they announce that the deal fell through al la Harusu. And as they have always included a Forward Looking Disclaimer, they face no liability.
Lookingforhelp, you missed who the insult was guided toward. Pity, I thought it was clear. Yes, Tex works his arse off to connect the dots, no question. Bezzano's flow of information or lack thereof, makes Tex's work necessary. And it is a quite a shame that if any of what Tex assembles as facts have any truth to them, then management is derelict in its duty to keep shareholders informed by putting those facts on a website which, to this day, is non-existent or permanently under construction.
See dazzling website below. It's the latest look in austere chic. All real companies are lining up to capture the design.
http://www.fortfinancegroup.com
I know, I know....pathetic isn't it for a company purportedly worth hundreds of millions of dollars.
Is your smell test functioning?
Oh yeah, and the phone number??? Try it. Again, another sign of a mega blue chip concern, not in service.
Dunphy, I'm no fan of Lumb/Bezzano or anything these swindlers touch and after reading a few of your post it's clear you aren't either. But you are clearly more informed about their supposed mining interests than I. But despite my lack of knowlege of said, my gut tells me these folks have invested into a dry hole and the only thing I see is a great transfer of wealth from a few thousand believers into the pockets of a couple of repeat overpromisers/underdeliverers.
Thoughts?
Tex!!! Bravo. If FFGO ever interviews for the position of Public Relations and Corporate Promotions Director, you're a lock. You've done more to tout the virtues of FFGO than any one single individual on FFGO's current payroll,Bezzano included.
Think about it. There's a job over there for you while you're waiting to become fabulously wealthy.
GMAC
Love it "ffgo will make some money for us longs".
That is going on my list of all time favorite last words along with...
"How was I supposed to know it was loaded..."
"I guess I should have checked to see if it was plugged in..."
"It didn't look that sharp..."
Thank you gmac.
And may you endure yet more "I told you so's" as what is obvious to anyone with a functioning braincell plays out over the next several months.
Why should it? It flatlined for almost all of 2009. Probably happen again knowing the shlubbs that run this "company".
Sorry, fellas, not to put too fine a point on it but from the past and the way it seems to be shaping up, it's all a load of crap designed to sell you shares in a sham.
bobby, from my long experience and dealings with business and property appraisals which involves the expertise of a certified appraisal by an independent expert in the business/property in question, it would be a first that an appropriate value of any entity is established and reported in a freaking 8K.
Are you serious?
Where are the studies and reports by independent third parties who might be examining the properties in question? Who have they hired to appraise the claims or mines? And are they only claims and as such expire and therefore in and of themselves are wasting assets that have no inherent value. They don’t own the land. ANd if they are mines that they own, what exactly are they selling that they shouldn’t have already marked to market on their balance sheet? Where is a balance sheet if they are selling the stock to this buyer. Wouldn't they need one as well or are they just going to plunk down hundreds of millions of dollars ignoring ordinary course due dilligence?
Just a whole bunch of questions that the stock price must have as well.