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Why would they know of FFGO's payout until the deal is signed? They will be contacted after the deal is inked. The Transfer agent will contact them on behalf of FFGO.
Thanks Vianna!
Gold up strong today. Great that it is rising just before the deal is consumated, as the deal is tied to the price of gold.
Texan77: Great analysis! I also liked your last line: "no mercy to shorty." because I think it will probably be true. The price was kept down for so long now it will rocket. If the gold/copper values are there, the share values will follow. Plain economics; someone has gold/copper and someone else wants to mine it. Supply and demand eventually goes into equalibrium. Shorty tried to upset the pricing mechanism but once a firm buyer goes to the table the pricing mechanism goes back into equalibrium. Ouch! There may still be time to cover a portion of the short interest at these basement levels.
Don't you think it would be prudent to buy a few shares JUST IN CASE you were all wrong? $1,000 would get you at least $30,000 and no one other than your broker and your accountant would know. No response necessary, just ponder this question.
Hi Texan - What is your guess amount for the payout and just as important, the reasoning? I am thinking $0.0035 plus 30% = 0.00455. I hope I am way low.
Don't you think it would be prudent to buy a few shares JUST IN CASE you were all wrong? $1,000 would get you at least $30,000 and no one other than your broker and your accountant would know. No response necessary, just ponder this question.
I appreciate you pointing that out but I believe I am still correct. Check your math again. Use point four zeros then 5. You will see 34 billion x $0.00005 = 1,700,000. Either way, for such little money it doesn't make sense they are selling for so little.
34 billion shares x $0.00005 equals only $1.7 million. Not exactly worth a multimillionaire's time, nor worth destroying their reputation, nor having problems with the SEC. Your hypothesis doesn't make sense.
"If Jul goes by, and still not done, more excuses! It has to be a SCAM!"
No, not necessarily. It depends if things are legitimate and actually moving forward or not despite delays. What is paramount is whether the deal gets done, not whether it is on our schedule.
"Am hoping for the Best ( Have 6 years now!!) but not looking good!!"
What!!!??? It is looking the best in its corporate history. To make an analogy, if a doctor tells an expectant mother a due date and it goes beyond that, would you say the woman won't have a baby? Eventually all questions will be answered and I think shareholders will be happy.
Hiring consultants is within the purview of management, not stockholders. From your comment it appears this is the first stock you ever owned. Are you aware how corporations are set up? The day to day business is run by management, not stockholders. Otherwise it would be a partnership, not a corporation.
I think you are correct!
Reread post 134587.
Thanks for the message Rocket! Hope you had a good 4th and enjoyed a fifth on the 5th! I expect you will be paying Uncle Sam a lot of estimated taxes soon.
Some Colossial Aphoristic Moneymaker!
No arguments.
DECODER RING:
"Doubte" ==> doubt
"tomarrow" ==> tomorrow
"anythging" ==> anything
"delaied" ==> delayed
"untill" ==> until
Unbelievable! How can anyone take your analysis seriously???
Today is only a holiday in the U.S. Things can still move forward in other countries.
The reason it matters to us is we don't know if it will be cash or stock. A takeover doesn't necessarily need to be hostile.
Associates can be from any country.
Where did you get that info from? Just asking.
Just supposing... L gets control of say 30% of the purchasing company. He either alone or in concert with associates buys another 21% of the purchasing company on the open market. Associates and L combine voting power and takeover. This scenario is just as likely as paying more than $0.0035 when the company already said the price is tied to gold. The current gold price put the dividend at less than what L paid. Therefore, there has to be another corporate reason, although not necessarily the reason I outlined...but what if???
Mattyhoho - You have a good analysis however, there may be additional reasons we don't know about yet. I am hoping for a decent size CASH dividend but here is another option to send up the flagpole: Suppose the dividend is non-restricted shares in the purchasing firm. FFGO gets a minority interest in the purchasing firm. Now that Mr. Lowenthal has a large part of the FFGO shares, and then most of the FFGO interest in the purchasing firm, he makes a bid for the remaining part of the purchasing firm. In other words, a play on the buyout firm via FFGO! Just a thought, not necessarily that he even contemplated this. There are probably other options unknown to us. Thoughts?
I am at a loss why the same proposition is repeated countless times when the question was already addressed by the company. The company said in the December 9th news release that there won't be a restricted dividend. If you ask the same question you will still get the same answer. GEEZ!
What is CEDE? One of the Lumb companies?
V- would you share the phone number with JS so she may satisfy her question? JS- Please report back as we all would like to know too. Thank you.
Agreed. (Part of it is mine. Yours too??)
Look at the capitalization: 85 billion x $0.0001 is only 8,500,000.
Perhaps. ...In July; probably.
Although things could have changed, where would such a large sum of money come from? I think it is someone else with deeper pockets and the insiders want to get the lion's share of the dividend. The deal WILL get done!
They don't have the assets to consumate this deal. See the 10Q below:
http://sec.gov/Archives/edgar/data/1393283/000116552710000090/g3792a.txt
Reread the letter to shareholders on the website for a compelling answer to your question.
A short squeeze is better from a tax standpoint for many shareholders since a dividend is current income and taxed accordingly. Selling the stock at a profit can either take advantage of the long term capital gain tax rate or offset other losses, dividends won't (except for the $3,000 offset).
RS500: MOST INSIGHTFUL POST OF THE DAY, BAR NONE!
I hope everyone realizes July 5th is not written in stone. It is guidance from the company. Will this drag out forever? ...NO, but it may be a few more days. Conversely, it may be as early as today.
Vianna- THANK YOU so much for all your efforts moderating this board. Now that this long odyssey may be concluding, perhaps as early as today, it's time to take a look back along with a hopeful look forward. You kept your head high despite the negativity permeating this board. You did a superb job and I thank you.
This time Ordinary is correct. When he is right, he is right!
If someone is investing $60 million there is minimal risk for them. (Think about this: They have $60 million, you don't!) The stock is not being shut down tomorrow. Also, as if these people want to risk everything with the SEC over FFGO....
"No money changed hands"
That is your supposition. You don't KNOW, you presume. What were the terms of the note? The seller has to show the profit on his taxes like anyone else. How are you privy to that? You BS and think your suppositions are fact. It doesn't mean you are wrong, but you have no access to the relevant information therefore you are shooting in the dark like everyone else! Thank you for trying to save the world but everyone has to make their own decisions.
There WERE various runs that you obviously missed. The largest will be momentarily. You can still participate in this one. It would be a shame to let another slip through your fingers especially the largest of them all.