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Why? If your basis is zero as long as the stock has a bid you can generate cash. Something from nothing hardly cares how big the something is as long as you can print more nothing.
Haven, I'm thinking Lumb is banking on the notion that the new money that may have entered this stock may not know of its history. But you are fearless insofar as you know about that failed promotion and nevertheless are willing to risk yet more capital on the hopes that this time will be different. I clearly have found the city of hope on this board.
I have to admire your temerity but certainly would never follow suit.
Hope this works for you.
havean, well if nothing else you've convinced yourself and you should be proud of that accomplishment. But for the sake of the concept of "no sure thing", I hope you have a backup plan if this doesn't pan out.
Still, with so much 'promise' with this venture, the market has failed to bless this issue with a commensurate market price. And you know the shibboleths by now...”buy on the rumor, sell on the news". That tried and true observation doesn't appear to have set in with this promotion.
All good questions to ponder.
Rally, that's not a sentiment held by many about Lumb. Why is that?
Thanks Rally Cry, but what about the Lumb guy. Is he a problem?
This may or may not be significant and I leave it to one of you smitten by the promise of great wealth with the smallest of outlays to come and marginalize its importance but is it a problem that the party responsible for incorporating the two shells, uhemm, I mean Mega Gold Mines Bouse and Copperstone is none other than Stephen C. Lumb? And since as Texas77 has so adeptly pointed out that it requires a mere pittance to bring these two shells, uhemmm, there I go again, I mean Mega Gold Mines into good standing with the state of Wyoming, a State Income Tax free jurisdiction, one of seven here in the Great ole USA, it nevertheless begs the question why has this not been done by the crack management of a presumably World Class Gold Mining Operation. And it would stand to reason that at the very least you would perform this picayune bit of compliance housekeeping when you’re in the midst of promoting these two shells as the next best thing since sliced bread.
Please help me understand this apparent disconnect and potential fly in the ointment.
of course call me, I was simply trying to illustrate an narrowly tailored point.
Seems like Someone (Bezzano) would like to have a Green Christmas on your backs. Pump goes into overdrive on Black Friday.
Curious timing.
If you allow for the possibility of insiders dumping everything they hold as soon as the ink dries on a freshly minted share, it makes perfect sense.
Hey Tex, how's your trade...?
You know, I thought this one up just for you.
"Fool me once, shame on you. Fool me twice, shame on me. Fool me thrice, well, you clearly have found the right person to fool."
Enjoy.
And be that as it may, it doesn't preclude one from nevertheless securing a profit by seizing on the infinite gullibility of the typical pink sheet investor. Now there are certain caveats that must be disclosed the likes of which are voluminous even to the most avid DD digger but can still be summarized in one phrase…
DON"T MARRY A PINK SHEET! Take Profit as soon as you can. Sell like there is no tomorrow because in most cases there rarely is a tomorrow. Profit opportunities are measured in seconds, not days or weeks or the next lighter than air PR.
Aaaaaand done!
And I think that's the expectation here however I bet very few were able to hit the exits during that brief run before it all imploded.
I'll take a crack at it...because they did this type of promotion before with GWGO and soon thereafter reverse split 1 for 2000. I think there are a lot of doubters out there who haven't forgotten that bag over the head kick in the pants.
That'd be my guess. Oh, and the pie in the sky part has been done to death.
You should consider yourself lucky they haven't gagged the TA. But even that could be an oversight they'll address after they find out how nosey you long are.
No tex, in this case, past is prologue I'm afraid.
Texan77 called and we spoke. Nice guy with an open mind. Enjoyed the rather long chat.
Well Texan? I'm waiting. I don't have all day as I have a real company to run.
Please be prepared to speak to a CFO of a mulitnational concern with 20 or more years of experience with a masters in International Accountancy and 10 years of experience in Corporate Tax at Price Waterhouse Coopers where I cut my teeth and earned my CPA designation during the S&L crisis circa 1989-1990 and beyond.
I'm sure I can handle your questions as I do it all the time for Bankers and Institutional Financiers to name only a few.
Look up my company and ask for the CFO.
www.magtechind.ocm
Ahhh but alas...you can change your symbol but you can't change your past. And where ever you go, there you are.
FFGO = GWGO. For those not familiar with their earlier fizzled promotion that left many with essentially worthless dividends and promises that failed to materialize despite vague assurances from Bezzano and Santini, here's a brief rundown of the musical stock symbols these pump and dumps are so a adept at...
Company Notes
Formerly=Great West Gold, Inc. until 10-07
Formerly=West Africa Gold, Inc. until 11-04
Formerly=Adven, Inc. until 1-04
Security Notes
Capital Change=shs increased by 2 for 1 split. Ex-date=10/10/2006. Rec date=10/05/2006. Pay date=10/09/2006.
Capital Change=shs increased by 10 for 1 split. Ex-date=05/18/2004. Rec date=05/10/2004. Pay date=05/17/2004.
Capital Change=Stk. Div.=30%. Ex-date=09/11/2006. Rec date=08/28/2006. Pay date=09/08/2006.
Capital Change=Stk. Div.=25%. Ex-date=08/09/2005. Rec date=08/01/2005. Pay date=08/08/2005.
Capital Change=shs decreased by 1 for 10 split. Pay date=06/03/2003.
Capital Change=Stk. Div.=20%. Ex-date=11/04/2004. Rec date=11/08/2004. Pay date=11/12/2004.
Capital Change=Stk. Div.=25%. Ex-date=03/18/2005. Rec date=03/16/2005. Pay date=03/17/2005.
Capital Change=Stk. Div.=25%. Ex-date=02/08/2006. Rec date=01/31/2006. Pay date=02/07/2006.
Capital Change=shs decreased by 1 for 2000 split. Pay date=05/14/2007.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ffgo
I do. But exactly what is your understanding of Federal Tax Law and financial accounting?
Mike2211
I'm sure you need that to be true.
Watch and learn.
I hate to rain on anyone's parade but sad to say for me I have had the sad misfortune to run into this group's earlier incarnation as GWGO {Great West Gold}. Suffice it to say after several glowing albeit misleading press releases announcing just such a vague offer and several restricted dividends that were never stock in real trading companies as well as one or two reverse splits I basically lost my initial investment. There are too many uncanny resemblances to their earlier promotions that I am affraid this one will fizzle just like before.
Beware and don't expect what appears to be too good to be true to end up any differently than so many "too good to be trues" ...worthless.
There is no free lunch and noone is just going to hand you a ten bagger. Especially in the poorly regulated pink sheets market.