Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
In my post I made a very clear point of saying the names are IDENTICAL not merely similar. (I appreciate you are trying to be helpful)
The company I am concerned with is Fortress Financial Group Inc. Each word in that exact order.
There is an active company with that exact (not similar) name. There are also some with SIMILAR names, but that, I know, happens, and is legit.
That meams exactly what it says. It's NOT Financial Fortress Group, or even Financial Fortress Group Inc., Nor is it Financial Fortress Inc.
As for Unitrust Capital SA Group. Yes there are many similar names also. But this is NOT our company's new name. It's the name of an acquisition. We know NOTHING about it. There is NOTHING on the internet of its existence before it being mentioned as an acquisition by GWGO.
Yet this company will be the 'bedrock' of Fortress Financial Group Inc.
We do not even know what country it hales from. SA is associated with a number of countries both European ones and South America.
Does anyone know of two 'listed' companies with EXACTLY, repeat - EXACTLY, the same name? Now I don't mean small 'private' companies.
It may be possible, it is just that I never believed it possible. I know that in the UK when I started a Ltd company (that is the equivalent to the US 'Inc'.) I could not register a name that already existed as a Ltd company.
Yes, it's true that Microsoft and IBM etc. will also be protected by copyright. But I do not believe you can copyright
names like Fortress, or Financial However, I always felt that the authority which governs the incorporation process would not
permit two identical registrations. In the same way you can't even have a website name/address identical to another - can you?
One thing, or should I say, one other point that really concerns me is why would they choose the same name as another
company that already exists (is registered and active) in the State of California. The two names are indentical.
I never realised that it was possible to incorporate two companies with exactly the same name. That means you could register and incorporate a company as Microsoft, or IBM, Walmart, etc.
They also, when choosing that name, must have known that particular company already had a serious black mark against it, by the SEC for shady dealing.
One can only wonder WHY? I mean, why would YOU pick such a company?
If it's possible to use a name that already exists, then I would pick the name of a highly successful one, at least I could trade in the shadow of its glory, and not its disgrace.
Just a thought.
It will be the 14th, or, according to my broker, the 15th before the price ajustment provides the opportunity for a 'bid' price on the market.
How do I know? Because we have been told:
From my broker (I did suggest you check with yours):-
"....Typically, it is very difficult to speculate regarding press releases. Often the best route is to contact the company's investor relations department for additional information regarding upcoming plans. However, we have received some preliminary information regarding an upcoming reverse split for shareholders of Great West Gold (GWGO).
Based on the preliminary information, it appears that the anticipated ex-dividend date for the split is 5/15/2007. Therefore, all shareholders that are holding the position as of market open on 5/15/2007 will experience this change to their shares, typically in the 2 to 3 business days following the ex-dividend date. Again according to the preliminary information, for every 2000 shares held at the time shareholders can expect to receive 1 share of the post-split security....."
Please let us know if you have any additional questions.
BUT YOU HAVE TO BE ABLE to interpret written down 'facts' and recognise them. Plus the few 'facts' available on GWGO are easy for all to access without coming to this website.
One of the main advantages of this type of website is to pick up how others are interpreting those 'facts' and thinking, and acting. It can give a clue to how sentiment towards a stock is viewed, and the strength of that sentiment. In these OTC/pink sheets it is often sentiment which moves them as so few 'facts' are verifiable.
Then just what are FACTS? When the government release figures, for example. The only 'fact' is that they released some figures. If you accept those figures as 'fact' then be prepared to be led up the garden path.
They just plunged us into an illegal war causing thousands of unnecessary deaths, and destruction (still rising daily), on claimed 'facts'.
Real 'facts' are as illusive as real 'love' and just as easily manipulated, and misunderstood.
And that's a FACT!
THAT INTERCHANGE GAVE ME the first good chuckle of the day. Reminded me of one of my favourite shows - Homer Simpson and his 'doodley, doodley' neighbour next door.
Yes, we get him this side of the Pond
Filled in a dull period in the market. I guess its waiting for the Fed to speak this afternoon.
I expect little, or nothing, to happen with GWGO now until next week. Though, it will be good to see, meanwhile, the new look website.
THERE WAS AN ITINERANT (somewhat misunderstood)Rabbi two thousand years ago. He left many messages, so the story relates, but one I have learned to value is - 'FEAR NOT'
(especially when thers'e no place to run).
Just about everything, every option, has been offered here.
You do not say how much you have tied up, or how its loss would really affect your living (social cohesion).
If, as your name implies, you are Chinese, then this should not affect you too much. The Chinese have good family relationships and have had centuries overcoming hardship. Of course, if you are too Westernised then all that blows out the window.
Advice? Stick it out now - go for broke. Or, if you have a very large holding that would hurt to lose, and IF the initial price holds long enough, then sell half, and hold the rest.
(A few 'Ifs' but that's life.)
Remember 'Fear Not'. There are two options in most scary scenarios which one learns in first year psychology - 'FIGHT ot FLIGHT'.
FEAR only stops you from making the right decision - it freezes the mind.
SORRY OLD CHAP BUT THIS WOULD BE LIKE saying that if we told all the allied troops waiting in England for the launch across the channel just when we were going, and where we would land, would not adversely affect their attitude, and feelings.
What little positive might be gained, if any, would be far outweighed by the chance of tipping off the enemy.
Deception, to work efficiently, has to be 100%. (not even 99.5%)
ABOUT THE GOLD MINES. The trend for gold over the past few years has been UP. Yet there has been many corrections, and one long one from the high. Some call it stages which are always evident in long climbs.
On the top of this, there is a strong case in that the POG is being deliberately held back from its rightful place but is creating a 'coiled spring' effect.
It is anticipated by some analysts that soon this coiled spring will be released, and in the next stage break all barriers.
What has this got to do with this company.
In the event of a very high price of gold some have predicted thousands of dollars, this portfolio of GWGO (Fortress Capital) could rise dramatically. In which case the company could go back on its word, or, by some 'creative accounting' arrange a payout
that keeps the faith, but not to the extent that is generally
expected by some.
However, naturally, this would benefit all the shareholders
of the company.
This is just an assumed possibility.
If it were such, then it would be in the interest of the company to be reticent, or vague, to enquirers.
Just something to be considered. Companies have done far worse and survived and prospered.
Of one thing I am certain, this company is hiding something. Whether this is just in their interest, or in their's and ours, I don't know. For this, we will have to wait and see..
WhuH: YOUR RESPONSE to Stockster is somewhat ambiguous, as to who and what you like.
However, this response is also meant for Stockster.
He wrote:-
"..Can't you tell yet? En1 is a paid pumper and I am a paid basher. We work for the same company. Boy, are you dense ..."
If you like that sort of thing, never mind the displayed inability to read a PR, then you are little better than he.
Now simple stock (not person)'bashing' and 'pumping' does serve a purpose. It presents two contrasting sides of a picture
from which some people can sift out the good from the bad to form an opinion.
Whether he is paid for it, as he says, or not, I don't know.
However, no one has offered me so much as a plugged nickle (to coin a phrase). And if anyone sees only 'pump' in my posts then their reading, or bigotry (or both) problem equates with that of Stockster.
Having said that, if someone did offer to pay me, and the price
was right (tongue in cheek) I would be, perhaps, tempted to slant my comments in the direction 'the piper was calling the tune'(pump or bash.)
I would feel this reasonably easy, honest, money as anyone who could not detect 'pump' and 'bash' needs to have their nose tweaked - if only to wake them up. The markets are no place to
play if half asleep.
Bon chance to all
How he sees himself, and wishes to be seen - 'paid basher' is his business. Whether he is, as he says 'paid' I don't know, but if he is, someone is wasting their money. As far as his comments go, for me, and to coin a phrase from school days, he couldn't knock the skin off a rice pudding.
In fact I would look very favourable on a stock his (and anyone with his views and attitude) limitations held him back from seeing its potential.
However, 'bashers' do serve a purpose
THANKS! THIS POST you picked up from another site expresses much of what I have been thinking, and hinting at.
There has definitely been a well thought out plan by this company that has covered their actions, certainly for some months bringing it to where we are now.
Looked at in one way, it can appear very devious, and suspect.
However, when you are out to trap an 'enemy,' it is the only way to go. The 'enemy'? Shorters, and particularly naked shorts.
They have not only plagued this company, but many - even large ones. Bloomberg recently aired a program dealing with this menace.
It would be an excellent way to hit these shorts by first doing the unexpected - two, not just one, forward split when the stock was at such a low edge. Then, follow it up with an RS
and a name change without disclosing any really solid positive news.
If the shorts take the bait and move in (many of them already smarting from the two FS, then the company starts to release more solid positive news, plus a substantiated updated assessment of their gold holdings (hence a good reason for still, as yet, retaining them in their portfolio) then watch out on that share price.
Assuming this is more or less GWGO's plan, they could hardly explain that to us. Silence, has been their best weapon, no matter how irritating it has been to us.
Keeping us from being in a position to sell, besides being part of the deception, has also served us from losing out by dumping. Unfortunately, they cannot save us from dumping at a loss on the opening after the share price change and a quoted bid.
Sure, this is all speculation and JMO (got to get that in before I upset Stockster any more} but from that quote from another board it appears someone else has seen this possibility.
It is also borne out by hints from the company, without them giving the real game away.
If this assumption (possibility) is correct, then we could really be on a winner. If it is not - then what have we really lost? As I previously said, if we can't afford to gamble a few hundred dollars, we should not be in the markets, certainly not in 'pink sheets'.
The operating company are well versed in the global financial business and have connections right in the heart of the World's
Financial Centre. They have picked an acquisition in a fast growing area, one they know well.
It has global reach, not just in remote, wild, mining areas of one nation, in an industry plagued by environmental problems and accidents. Let us not forget also - a product that many believe is price manipulated.
Why go to all this trouble if they are not serious? It hardly makes sense.
While the main objective maybe not be wholly altruistic (just shareholders in mind), it could well be that it is a win/win situation for company and shareholders in that we also win from their seeming deception and agenda to hit the shorts where it hurts.
Just some thoughts for you to ponder before you make your decisions.
Nothing ventured, nothing gained, and 'He who dares - WINS!'(motto of the British SAS)
THIS, Stockster, IS TAKEN straight from the PR:
Great West Gold, Inc. in the processing of changing its name to that of Fortress Financial Group, Inc. with immediate effect. and will be obtaining a new CUSIP Number and Trading Symbol. Stockholders will be advised accordingly.
The Company, will, with immediate effect, now be exclusively focusing on its recently acquired Payment Solutions business.
Is that clear enough? NO NEW COMPANY! just a name change.
Are you Dyslexic? You obviously have a word, and comprehension problem and I am assuming you are native American ( not an immigrant)
When a company tells you there is a name change. It means just that. The old name will be discontinued along with the old symbol.
In these cases, the shareholders of the old name, automatically become shareholders under the new. Why? Because they have not changed companies, just the name.
Sometimes a company with a name change carries on with the same type of business, product, service, whatever.
In the case of GWGO, they are actually changing the company's 'product' (sector)
They have stated that they have already started to focus wholly in the new direction even though the name change over, and new website has not been completed. The new name has been decided and it will be Fortress Financial Group. Now I am not going to keep cutting and pasting because of your inability to read, but I assure you it is stated in all the PR Newswires.
You will also see at the foot of the newswire that it says:
About Great West Gold, Inc.
Great West Gold, Inc., www.greatwestgold.com, was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States.
The Company now retains these Gold Mining Exploration interests as portfolio assets. In and during May of 2007, the Company will effect a name and Trading Symbol change to that of Fortress Financial Group, Inc. and will then, be solely engaged in the issuing and marketing of prepaid debit and credit cards, on a global basis; as well offering various other payment solutions.
The Company will from May 10, 2007, be operating from a new, more pertinent corporate web site, reflecting the Company's change in the nature of its business.
has not been
You will see, if you get someone to read it for you (as you seem to have difficulty with English) that it says WAS (past tense)
a Gold Mining Company.
You will also see that it again says the name will be changed.
That means anything in its portfolio will also still be there under the new name. It also says the company at some later date will distribute these shares to 'eligible' shareholders.
Personally, I don't think these gold mining shares will ever be worth anything unless gold rises to well over $1000 and Gold captures the imagination of the masses once again and mining stocks take off so that the suckers pour into the market to grab up anything with a connection to gold.
I do not really see this happening, because the world has changed dramatically since WW2. I just buy into 'active' gold mines to trade them. I bought GWGO for a bit of fun and a potential, cheap, lottery ticket.
Just where is your problem? The reason the company doesn't say what you want them to say, is that they would consider it unnecessary. It is worded clear enough. It has to refer to GWGO
as being 'the company' until the name change is fully effective
Then it will cease to refer to GWGO as 'the company'. It has already stopped THINKING gold. It is thinking DEBT and PAYMENT OPTIONS around the WORLD.
STOCKSTER5 Once again I got an indication (1) in my mailbox. I looked, and there was your message. Others have responded to my posts, but I do not get them in my mailbox.
You are I right. I do not understand the 'mailbox' as I do not use it except when there is an indication that I have a message in it - about 5 now, at least, all from YOU.
Now back to GWGO. This is NOT A NEW COMPANY that is being created. IT IS A NAME CHANGE. It is GWGO with a NEW NAME. When the actual name is changed 'officially' is irrelevant.
Because GWGO is divesting itself of its gold mining interests, it is taking on a name, and a new look website, that reflects the new direction.
Instead of acquiring a new mine, it did what it told everyone it would do, it acquired a company in a different sector - the financial sector (in keeping with the interests of those operating GWGO.)
I have been involved with three companies that had a name change. All that happens is that your shares (which are nearly all digital these days) just assume the new name. Instead of looking up GWGO on Big charts, or wherever, you will use the new symbol that will be connected to Fortress Financial Group.
There will be a new website probably called www.Fortressfinancialgroup.com (that actual web name name is just an assunption)
I have observed that there is also a small private husband and wife team company called Fortress Financial Group, however their website has now another name. This leaves the name free for the NEW Incorporated company name of GWGO (Fortress Financial Group.)
When the split takes place your shares will still be GWGO and will will remain GWGO until the name change becomes official, which should be any day following the split.
That is the only variation to what I said earlier, but I did make that point earlier today.
Once again, there is no NEW COMPANY just a name change.
Unitrust Capital is merely an acquistion, and there will no doubt be other related acquisitions in the Finacial Sector down the road.
Now I have a number of doubts about this company, and I have expressed them. However, they are not the doubts you express.
Got it: No NEW COMPANY just a simple NAME CHANGE.
I will admit that name changes are highly suspect, as are Reverse Splits, and when they come together it is a double whammy.
I have also said that it is almost certain the share price will
collapse wiping out any of the bonus shares given out on the FS.
Unless, and it is a big UNLESS the company pulls something out of the hat before the 15th when the new share price will reflect the RS.
The real positive is that I like the new direction of the company - not a 'new company' just a new direction.
If I am wrong, I am wrong. We will soon find out.
YES,THAT IS HOW I SEE IT in principle. My only concern is over the genuine dedication, this new 'team', and the 'power' behind it have in putting their words into action.
As I previously mentioned when I raised some earlier concerns there could be ulterior motives in their being not as honest, and forthcoming, as they should. I drew the analogy of how we sometimes, ourselves, have felt that the end would justify the means for our own shortcomings with truth.
All people do not have the ability to envision all the positives of a change, and what it entails to achieve its ends, even when it is for their own good. Therefore, to reveal too much can invite opposition, and negatively affect something before it has got off the ground.
It can also reveal too much to 'competition' in the field.
We can only hope that if there is an ulterior motive, then this is it, and not one of a more perfidious nature so often associated with the OTC and pink sheets in particular.
I do understand those who are negative due to many past bad experiences. What I don't understand is how they see moaning, and unconstructive criticism can improve things - especially when we have been unable to bail out if we wanted to.
I am, therefore, at present cautiously optimistic in the long term, but in the short term, I feel we are going to suffer a loss - unless something meaningful is pulled out of the bag QUICKLY. I have therefore factored that probable loss in my mental accounting.
Bon chance
THERE IS, TO ME, AN AREA OF DEEP CONCERN, at present, this is the period of actual change as dictated by the Reverse Split. This is from the 10th May until 14th, and perhaps a little beyond.
As I see it now, from what I have picked up, there is likely to be a plunge in share price once the adjusted price is listed and a 'bid' figure is placed permitting all current holders, AND SHORTS, to place sell orders.
I do not see this being avoided. Maybe it is part of a plan (I can see reasons). As I have constantly reiterated, I have always wondered where all these shares have been coming from that have been traded without a bid for some time. I have worked out in my mind a number of scenarios that would explain this 'phenomena'.
This is almost certain to happen failing very positive, convincing news of the potential viability of the company that would justify any share price above the 'value' it enjoys at present. And, from what I have gleaned, this will not be forthcoming (though I may, hopefully, be wrong).
I have drawn the attention of the CEO of the 'parent' company in London, of concerrn over this. But, perhaps because of the long weekend vacation period in the UK (bank holiday) I have so far received no reply. However, the reason could be more ominous.
You have to ask yourselves, would you, on present information, buy more shares at .20 ( or would you buy, without such knowledge, more shares, period?) Come on - WOULD YOU?
I like the potential of the new market, but only if I am convinced from substantiated information that the new acquisition is established enough in that market to take full advantage of it. THIS IS THE KEY!.
Nothing firm, and substantiated, has been released about the state of the newly acquired company - Unitrust Capital SA (SA incidentally can cover many things - it is used in connection with a number of national public company identificiations - inc.,Spain, Brazil, France, and even Austria and Switzerland, besides having a 'security' meaning).
I am amazed that there is no reference to this company on the Internet, outside it being acquired by GWGO.
As this new acquisitation forms the whole basis of potential viability of the new direction, without such news, what is there to encourage new investors? Why also has the company not disclosed more?
Without a large demand from new investors who is there to take up the volume of sales likely to occur once the market opens with the higher adjusted price?
I have no doubt about we, as shareholders in GWGO will be carried forward into the new arrangements even though the actual name change has not yet been applied and is not likely until AFTER the actual split.
But this leads me to another point:-
As with any point of change, there is likely to be some hitches and confusion at some of your brokers which will delay access to your holding for you to sell if you so wish.
I suggest, therefore, that each of you check with your broker by sending them full details of the RS - dates etc., and change of name, and remind them that they are likely to have many clients who are holding this stock and that it would be to their advantage to check the situation with GWGO - BEFORE! the event rather than wait until confusion, and anger, adds to the state of affairs. (Keep it CLEAR, and CONCISE, in other words, keep it SIMPLE)
Tell them, that is make it clear, you need to know wnere you stand on this issue. (make your brokers work for there money). I have sent such an enquiry to mine.
Thefisherman, thanks for your comments. No, I have not read that book, but I have read so much on this area, then if one's eyes are open (literally and metaphorically), it is possible to see what is going on and where the trend is.
Here is something to consider, and I brought this up once or twice, and that is - where all the shares have been coming from to supply the daily transactions which appear to be accellerating as we draw near the final curtain.
There could well have been many naked shorts in this company.
With the name change,a virtual new company being formed, and on top of the huge bonus's of the two Fwd splits, this will have been a terrible trap for those shorts who will now be forced to cover as their shares in GWGO will be useless. If they don't 'exist' in 'reality' they cannot be converted.
GWGO would be well aware of this, and could have arranged things so that they are, and have been, supplying the demand up until now. Having no bid it has kept us out.
What a way to make money. Just hope they are using it to keep the new venture debt free, and they are serious about where they are saying they are taking us.
STOCKSTER in an attempt to answer your last post directed at me, I will do my best. This is difficult as your muddled thinking comes out in your muddled explanatory writing.
For example, you wrote (the first part being a quote from the PR):-
{NOTE -->No stock issued pursuant, and pertaining to the acquisition of the
Unitrust Capital S.A acquisition, will be eligible for these Stock Dividend distributions of
the Company's Mining portfolio.
THEN YOU ADDED: {Any mining portfolios to gwgo only.}{our reduced
gwgo shares will still be gwgo shares, you can not own 2 companies on one pre issued
share.. if I only have 100 gwgo I don’t magically get issued new corporate stock. Since
in the above line, all future projects are to be given to gwgo shareholders. It’s obvious
Bezzano has shown gwgo sharehoders are to be seperate at the time of this PR}....."
The part you pasted from the PR relates only to the eligibility of the Gold Mining stock held by GWGO until the name change.
It has nothing to do with the fact that GWGO shareholders will automatically become Fortress Financial shareholders. That they will be is made clear IN THE WHOLE PR, and is its main purpose.
After the name change they (the Mining shares) will be held under the new company name Fortress Financial until distributed to eligible shareholders. That means those holding the current shares (ie before the name change).
After this week (is it the 10th?) GWGO WILL CEASE TO EXIST. There will be no GWGO and consequently NO SHAREHOLDERS.
Your GWGO will be reduced on a ratio of ONE Fortress Financial Group Inc share for every 2000 GWGO.
GOT THAT! GWGO WILL CEASE TO EXIST!
On the new website which will be named Fortress Financial, it will also refer to the few Gold MIning Stocks carried in its portfolio until they are distributed to the eligible shareholders. No date is set for this.
There will be NEW shareholders buying in to the NEW company, and maybe some EXISTING shareholders will buy more shares under the Fortress Financial banner. However, this will not affect the Gold MIning shares held in the portfolio even though they are listed. Only those eligible BEFORE the change will get them.
As for your PRIVATE messages: Stockster, I ASSURE YOU AT LEAST THREE MESSAGES arrived from you in my private mail box. They were also, I noted later, published in the public domain.
If you feel they should not, then you should take it up with the Website provider.
In spite of what you say and believe, I DO NOT make things up.
If it were just for you, I would not have bothered with this explanation as I feel you are determined not to understand.
However, there are others to consider whom you may also have confused. And, may be I have, if so, too bad. I mean those who cannot see the relevance of the new direction of our company, and its potential because of growing Globalization (ONE WORLD)well, what can one say except that 'Rip van Winkle' is a character in American Folklore............ Obviously, he still lives in the psyche of some.
Stockster5: Cut your crap. You will soon be proved wrong. It is YOU who has misread the PR and preached your version for your own reasons.…
Anyone who reads my posts will see a BALANCED view. I have pointed out the positives, and the negatives of which there are both
The personal attack against me, and the UK is there for anyone to see, if they disbelieve this. I do not make false allegations. Nor do I strike back by lifting all the anti-American, even by the increasing number of Americans who want to leave the US, that abounds on the internet.
Amazing how you could find the time, and effort to do this against the UK, but couldn't look up the UK tax system and rates.
I explained in an earlier e-mail that I am not only based in London, my son is also a leading corporate legal director - one of the youngest holding such a position and is also based in the City. I had him run over the PR, which is not a legally binding document as we know. However, what I have interpreted from it, and it is quite clear in more than one area, of how I have explained it in my posts.
From all the information we have so far, it is not clear whether this company will be a 'goer', however, it is clear from the PR - VERY CLEAR, that existing shareholders will be shareholders in Fortress Financial Group.
Obviously you have a reading, or comprehension problem with English. Probably you are blinded by your negative attitude, bigotry (against the British and the UK), and feeling that being around here so long gives you some edge over others.
Failing to see, and understand, what is happening in the world outside the US is the big failing of so many rank and file, Americans (Not the top business people, they understand what you don't), and which you have been conditioned to fear.
It is impossible to really successfully engage with the financial markets, TODAY, with this 'inward' attitude and a belief that anyone living outside the US are living in the sticks, and are not 'free'.. Actually, a small, certainly in population, country, that is covered in snow most of the year is one of the world leaders in information technology - Finland. The young guy who invented Linus is a Fin.
Population of US - around 300 million, Population of the World - 6 BILLION.
Gwgo under its new banner (unless they have lied completely) is reaching out to the whole world in what they appear to need most - credit, and a safe means of money transaction for the masses. It will be using the advanced technology that we have, and what is coming - and much is coming, to reach that business.
You don't want to see that - fine!. Keep your blinkers on. But don't put them on others.
No, there will be no further comments, or news from me. I am not wasting time where it is not appreciated, or my having to put up with those like you who want to remain in the dark ages, and darkness of negativity.
As for crying, No tears from me as my posts here would never put a dime in my pocket. What. therefore am I losing.
You, and shortchange, or whoever, who seemed to hold your view, have actually done me a big favour, you have saved me time and effort in trying to help, and in thinking it might be appreciated. I will look after No1. For me it is only gain, no pain.
(I might just drop in to say 'I told you so' when the truth is known' (re present stockholders and relationship to new company)- which is not long away. But then, I might just let it go.)
I DO NOT HAVE TO TAKE THIS CRAP. I leave you to your Stocks5
You can swallow all his rubbish with his inability to understand the English of the PR statement, and his agenda to mislead you by saying you will not be part of the new company.
I have given you an unbiased opinion of the new arrangements, some positive, some negative. I have some more news in the pipeline I am having checked out. However, this will not now be forth coming.
There is no pay dirt in this for me, I have more to do with my time than waste it where it is not appreciated.
Ciao
Stockster5 Will you stop making personal attacks about me or my country. You are the one who is misleading the posters. And this will be proved very soon. They will know this whether I am here or not.
As for 'reporting', whatever that means or insinuates, the moderator can read all my posts. Globalization is a fact, it is not a fancy of mine. It is just that many forget this when investing. GWGO under the new direction is going GLOBAL.
Globalization is VERY relevant. It states in the PR that the new direction will permit the company to go global. Global means open doors, or One World.
I say again, your misleading will soon be proven. We will not have long to wait, probably only a couple of weeks at the most.
I stand by every word I have posted, and I will be proved right
and you wrong very soon.
Now, quit the personal attacks, and stop spewing your hate for the UK. And making unfounded allegations.
Our troops are fighting alongside the Americans in Iraq, We are taking the brunt in Afghanistan, we are the only real ones standing by the US. Though with people like you, I ask myself WHY?
WHILE I AM ALL FOR THE TYPE OF BUSINESS (Financial sector) of the new direction, and that it could well be a huge success. Here, on deeper reflection, WITHOUT, as yet, FURTHER DETAILS OF THE ACQUIRED COMPANY are some negatives from our (existing shareholders) point of view.
(1) Bezanno MUST have known at the time he assured us the company was not, at that time, contemplating a reverse split, that one was a possibility, if not determined. Why? Because they would have already begun negotiations with this company and would have known what it entailed. Also, to launch a new company with an intended high potential future, from such a low base would not make sound sense.
(2) Why more information on the new acquisition has not been disclosed to shareholders is also strangely suspect. It is untraceable on the internet, yet from the PR it suggests the company has a good track record. From the PR: -
"After a year of research, it has been enormously gratifying to have secured a highly efficient, superbly managed prepaid debit and credit card programe, backed marketed and managed by a substantial world class organization.
Mr. Peter J. Bezzano stated that the exhaustive and very successful due diligence conducted upon the Company and its products; resulted in our being convinced that we have now secured a product that is flawless in its execution and in respect of the level of support provided by its Issuers. He is particularly gratified by its low cost overhead structure, the operations being based in a very low cost, yet first class, jurisdiction."
If it were not an operating company, how could they have known that?
(3) " No stock issued pursuant, and pertaining to the acquisition of the Unitrust Capital S.A acquisition, will be eligible for these Stock Dividend distributions of the Company's Mining portfolio. "
This indicates a high possibility that the company will issue more shares at some time - early, or later, when under the new structure as 'Fortress Financial Group Inc'. Thereby, actually diluting in value our holding.
This is acceptable only if there are great 'visible' prospects for the company and it needs further capital in order to avoid debt from borrowing.
While one has to see, on the surface, there is a good case that we have, to some extent, been bamboozled, as in strung along in the process of the change in the direction of the company, we have also to consider that they may have felt that the end will justify the means.
As an analogy, to any of you who are parents, have you never had occasion to string your kids along by not being too liberal with the truth, to move them in a direction you wish them to go, but which you considered would be to their eventual benefit? Or, was it not done to you by your parents on occasions?
No, we are not 'kids'. But neither are we high profile investors like those dealing only on the 'big board' controlling vast funds with a sophisticated network of analysts. They do not inhabit the jungle of OTC 'pink sheets'.
You have only to read some of the posts here to understand the child like naivety, and nervousness, to the workings of the market of many to see this. Some are none native speakers so find it more difficult to comprehend (no offence to any 'investor' here intended).
The heavy volume of dealings in GWGO when the forward splits were announced could have been felt as a necessary way for the company to raise more cash in order to help make this acquisition and help get the new company operating debt free as they claim it will be.
There are a number of other reasons but don't want to drag this out more than necessary.
You can be assured, though one very negative poster here tries to convince you otherwise, your shares WILL be in the NEW OPERATION and you will sink or swim with it. Everything in the PR assures you of this. There is NO grey area.
You will also benefit from the present gold holdings which will later be distributed to the eligible shareholders when they are hived off out of the new company's portfolio. Anyone buying shares under the banner of Fortress Financial Group Inc., however, will NOT be eligible, even though the distribution is at some later date in the operation of the new company, and the gold companies are part of the Fortress Finacial Group's portfolio.
One great aspect of the new venture of which you will be part is that it will be GLOBAL and not just restricted to the United States. It is being operated by a company entrenched in the Financial Centre of the World - London.
This is why I went at some length, though not as long as such a concept deserves, in explaining what to Americans appears out of their depths to comprehend, about the vast changes in the world that Globalization (One World) is bringing. It is easy to talk to people outside the US about this, they see it, they understand it.
American businessmen and entrepreneurs understand it, and see it because they travel, and are engaged in it. It is NOT something coming. IT IS HERE!. (whether you like it or not).
The ostrich, they say, sticks its head in the sand so that it does not see what it doesn't like. Try to remember your national bird is an Eagle that sees from afar from on high, don't be an ostrich.
But if you wish to be, and it makes you feel more 'secure' then don't let me stop you. Just BE HAPPY! Life is too short to be otherwise.
Its continuing to move up but on low volume.
In your 'private' response to me Stockster, you make your snide comments with a 'we'. For whom do you speak with your 'WE'?
DOWN THE ROAD it could well be. So far we are in the dark about this new acquistion which I assume is already an operating company, but where? And what is its current business?
These are the points we need to know. When you acquire a Gold Mine you need to know is it just a hole in the ground with hope, or is it a producer etc.
We don't know anything about 'Unitrust' and whether it is already doing business with reported figures. Or is it just a shell with a name waiting to open its doors?
It is this part which concerns me at present.
Because there are a lot of strict regulations for setting up any business in the Financial sector, especially in the United States, this is a safeguard for us. That is one thing in our favour.
Stockster5 I am confounded at the way you are interpreting the details of the acquisition.
I do not know the details of these past, I assume, recent experiences which you say projected the same, or similar, circumstances to GWGO, but if they are the same or similar just how they could AVOID 'carrying' the shareholders forward into the new company, is beyond me and would be good grounds for a class action law suit.
GWGO, and its shareholders will become the new company PERIOD.
There is no other place to go. And, it will happen NEXT WEEK.
Your reduced shareholding WILL BE IN Fortress Financial Group, not GWGO.
Unitrust Capital SA is an 'aquisition' of Fortress Financial GROUP(ex GWGO) and there will probably be other acquisitions down the road in the Financial sector. The new name is to reflect the complete change of interest of the company.
Meanwhile, until they are set up to be shared out as 'dividends' to the eligible shareholders (those who earned them while it operated as GWGO, NOT any NEW shareholders in Fortress Financial) they will be held in the portfolio of Fortress Financial.
I am not a company spokesperson, just someone who is an investor, and can understand, and read, clear English, my native language.
JUST SOMETHING TO THINK ABOUT (and get ruffled about if you are so inclined)
Huge fundamental changes are taking place in our world. All is definitely NOT what you are led to believe. There is a lot of distorted rhetoric from various sources, that is just that pure RHETORIC, made to sound convincing.
Much is going on behind the scenes on which there is media silence.
The world is being moved, TOGETHER, by powerful non military forces. Like never before in history, nations are being forced to 'toe the line, and there is more cooperation going on than you think. Central banks do not act unilaterally, even though they may appear to on the surface.
We are entering unchartered waters, and we are each going to have to adjust our way of thinking if we are going to survive and PROSPER, in the NEW, ONE WORLD.
If you are a worrying type, then GWGO is going to be one of the least of your worries with which you will have to contend when the real shake up comes soon.
But, change always throws up opportunities. Keep a positive, open mind, and you just might spot one.
Remember what I told you. They scoffed when Britain closed its ship yards, reduced its navy, sold off its auto industry, steel production, cotton manufacturing, aircraft industry, and withdrew from Empire.
It changed all that had made it great in the PAST.
It now leads the world in Financial wheeling and dealing, and it is GROWING. The new world NEEDS MONEY and CREDIT (loans etc.,)
It's easy money, and low overheads It's the business that the real movers and shakers are in.
There is a message in there. Hope some of you see it.
Bon Chance
SIMPLE ANSWER IS NO!
To your question 'Anything to justify that rather large marketcap?'
But if it is any comfort to you, that applies to the market cap of most companies on all boards at present.
To those who think I have advocated hold, they are wrong. I have merely offerred some positives about the possible potential of the indicated 'new' business.
Also, at present, there is nothing we can do but hold, or give away. Moaning will achieve NOTHING except put us in a miserable frame of mind.
We must remember there are others - family and friends who have to put up with us. They don't want infecting with our negative mood, just as they don't want you sneezing all over them.
Real entrepreneurs are positive people.
I bought VGZ when it was a few cents, about .5 It had a reverse split of 1 for 20, I believe, using the same rationale as this one - it felt its time was coming and it needed to be taken seriously.
I have made money with this stock, sometimes trading, after first dumping when it first showed a profit. I regretted that, as I had to get back in at a higher price.
So, it can happen. Yes, I am almost certain it will go down a bit when it first hits the market, UNLESS, some more news on the acquisition etc., offers some 'exciting' news on the prospects. Or, Gold rockets to over $1000 and people see some potential on the gold portfolio of the company.
I thought why .20? I suppose that is so it can sink to .10 and then those who bought at .0001 and got their 'bonus' should still get their money back if they want out.
I don't know if that is correct, it was just a thought.
Once again, we paid our money, and we took a chance. There is nothing we can do at present.
No one can be really out that much if the company went belly up, and it could have done, but didn't. If this amount of money is worrying you, then you should not be dabbling in shares, never mind 'pink' ones.
Some of you are upset because your million or so shares did not
shoot to a $1 stock and you were instant millionaires. You were living an unrealistic dream.
With the amount of shares out, it would have ranked this company way up on the big board beyond the big boys. Microsoft is only worth around $260 billion
Cheers, you've got to look on the bright side of life.
IT COULD HAVE BEEN A $1 stock if they had made the R/S 1 for 100,000. And many people's holdings would have withstood this.
If the company is truly undervalued it should hold the .20 or bounce back very quickly after the reverse.
Juggling around with the share price does not in iteself add, or subtract value. What is important are earnings, good management that produce profits from those earnings, and growth potential. Once those are evident, serious money has a remarkable way of sniffing them out. (and departing when things go the other way)
HOW TRUE!
If you stopped fussing about the irrelvant tax question and focused on the relevant, you would better understand the following:-
"....No stock issued pursuant, and pertaining to the acquisition of the Unitrust Capital S.A acquisition, will be eligible for these Stock Dividend distributions of the Company's Mining portfolio......"
And, as you appear, so far, to disagree with any explanations I have spent time giving you, I am not intending translating it for you.
As for 'deceiving' people here. I would say that they are all capable of making up their own minds. They can merely use my comments to be considered if they hadn't yet thought of them themselves, check things out, and generally do their own due dilligence.
OH YE OF LITTLE FAITH, Exceo.. He told you, as in explained, why he is gratified. I am a traditional cynic about what company spokesmen say. However, for some reason, this time I accept it. It gels with his company, and controlling company background.
I do believe they are serious. And, if I am wrong, I will have lost very little. There will be far bigger losers in the main markets soon, just as there are premature 'bears' losing right now.
I like the product, and that is the key.
I CAN UNDERSTAND ALL THOSE WHO are discouraged. I would be also had it not been for the business we are entering - it has VAST potential - nationally, and globally.
Remember as I explained earlier. It is the Financial industry that pulled the UK out of the sh*t.
The new operators know this business, and focused within it.
One should concentrate on this part of the PR. My research to which I have been paying a lot of attention bears out what Bezzano is saying:-
".....He (Bazzano) is particularly gratified by its low cost overhead structure, the operations being based in a very low cost, yet first class, jurisdiction.
The use of Internet marketing to acquire customers is of enormous benefit, given the cost savings in the use of Internet, when compared with the huge costs associated with that of traditional marketing campaigns.
The benefits to our Company are innumerable, the monthly recurring income stream, access to the global market, the ability to offer these unique offshore card products, the day to day interface with world class management.
Perhaps most importantly, the positioning of the Company in one of the fastest growing market sectors in the world, with the possibility of synergistic links with other financial service providers, and globally.
The ability to drive our growth through the Internet, offer enormous challenges, it is our intention to grow and expand upon what is in our opinion, a very successful entrenched marketing model............"
All this is coming at a time when the sh*t is about to hit the fan in many areas. Credit, and Financial management, especially with the growth on Internet Sales requiring special kind of fast payment and security, and a low cost overhead, could not be better timed.
THINK about it.
I can't say I didn't expect this, and this amount of reverse - not with all those shares issued.
However, it flies in the face of them maintaining they were not considering any reverse split in their PR., earlier this year.
It is coming at a time when I believe the 'naked shorts' which have proved a menace to many companies, and the market in general, have been sent a strong message - cover, or face the consequencies.
Even Bloomberg put out a program on this subject which was copied
onto U-Tube.
So perhaps that may deter them when the share price goes up to .20 (?) (2000X.0001). Unfortunately, there will be so many dumping them to take what profit they can get (if this website is an indication) along with shorts who will anticipate this, the .20 can be short lived.
However, if the proposed new venture has the huge potential, which from what I have been reading about this market seems possible, then some smart money coud be ready to jump in when the share price falls.
They can't acquire too many now as so little, comparatively, is being offered while the price is as at present.
Just some thoughts.
SURPRISE, SURPRISE, THEY REPLIED...
Here is a copy of their reply to my query about whether they still felt that GWGO was an udervalued company.
Dear Sir,
Yes, St James Capital Holdings, Inc. considers Great West Gold, Inc. to be an undervalued company, based solely upon the value of Great West Gold, Inc's Mining Assets.
Mr Peter J Bezzano remains as the President of Great West Gold, Inc.
Kind Regards
Stephen Lumb.
President Capital Holdings Inc.
(Of course at .0001 if it was worth twice its current value, and reflected that, the stock price would only have a value of .0002
I was also surprised he said nothing about its new venture. However, in hindsight, I should have asked. Maybe I will correct that.)
Cheers to all
Stockster5: Your last sentence really covers my response.
"...I'll search back before making any more guesses and bring forth links at some point for my statements...."
To make realistic, relative, comparisons, especially on intricate subjects such as tax systems, requires much time, certainly more time than I have available on a subject that
does not interest me that much - if only because I can do nothing about it except move if I don't like it.
And, so far, it has not affected me to make, or consider, such an option.
As for a company's, or a government's published 'facts and figures', including statistics,I do not really accept them.
(remember Enron, or regarding governments - US published casualites in Iraq (greatly understated as will be revealed at some future date. Or how they knew there was WoMD in Iraq).
What I learned from someone who made a lot of money in the market, after he had gone through a long troublesome, and losing, period thinking understanding their published facts and figures would give him an edge, was this: The real movers and shakers (Big serious money) always knows the true facts and are in, or out, early. Eventually, the trend will throw up signs where that company is going if one is shrewd enough to observe them (not as easy as it sounds).
Have you not observed how 'good' figures can make a stock go up, or down; or how an event can be used as an excuse to move the market up, and later, a similar event can be used, and echoed by media, as a reason why it went down.
I have taught myself what is essential, and what is not, to observe, and use.
Now, PR's, published accounts, government reports, do have some relevance in that they indicate what someone wants you to believe, and how the masses will react to them, by conditioning, and can direct how their actions can be used to advantage in the short term.
Life is a long chain of interrelated cause and effect. However it is not the cause, or even the effect that really interests me, it is the affect of the effect to which I concern myself. It is the affects, of an effect that 'moves' the masses - emotionally, and physically.
For example to have a recession is one thing, and to have a recession that throws you, and thousands, out of a job is another. So far, the establishment, has attempted (because it suits them)to stop the affects of the effects from being so serious that they cause too much social instability.
I believe this will continue for some time.
The markets exist. and function, in transferring wealth from the masses (many), to the few. It has always worked perfectly to this end. And it will never change. Therefore, it needs the masses, directly, or indirectly, in order to achieve this.
From this we conclude that the masses are therefore always wrong. Why, because they are conditioned to behave in a certain way. They are fed information directly, and indirectly,
that is stored in their mind and from which they make decisions.
'We are what we eat' should really be 'we are what we think' (what we 'feed' our mind).
Sorry if this appears to you to evade what you are seeking from me. But I see its relevance, and if you can bring yourself to see it, it will serve you better than by me going into a long treatise on the UK and US tax system, or what figures GWGO threw up over past years.
Cheers
THIS IS THE COMPANY WHICH CONTROLS Great West Gold and to which Peter Bezzano, the President belongs. It appears, from its capital, it is a smallish company but seems well run.
I have written to them to ask if their president (Lumb) still feels that GWGO is 'significantly'undervalued as he stated at the time of their investment in the company.
If I get an answer, I'll let you know, but I am not holding my breath. It's a long shot.
Stephen Lumb, the President of St James Capital Holdings, Inc. said today that he considered Great West Gold, Inc. to be significantly undervalued at this time and that he considered the acquisition of that Company's debt to be an important strategic move for St James's long-term intentions in respect of Great West Gold, Inc.
St James Capital Holdings Inc. controls the UK-based St James Resource Management Limited Group ("Resource Group") of Companies which operate primarily in the business of Structured and Corporate Finance and the advising of clients on capital raising, mergers, acquisitions, structuring / restructuring and on admission to equity markets in the United States.
Resource Group invests on a short-term basis in these companies as well as providing short-term capital prior to their flotation on the USA equity markets.
Resource Group places lines of stock in these client companies for cash, post their admission to USA equity markets. Resource Group also holds a portfolio of development Real Estate in the United States. Resource Group has a net asset value of in excess of US$160 million and posted earnings in excess of US$4 million in the last financial year.
Resource Group has in excess of twenty new clients which are in the process of seeking admission to the USA equity markets at this time as well as a number of existing clients whose stocks are quoted on the OTC BB Market and on the OTC Pink Sheets Market.
YOU WOULD HAVE TO SELL at least 160000 just to cover a turn round commission at discount online brokers rate. If you had paid .0001 then you've made nothing, lost nothing.
This leads me to ask - what MM is buying them at what he can sell them for, and why?
There can be but two possible reasons.
(1) they are shorts covering their ar*e before a move up, or SEC clamp down on naked shorts (which is coming)
Or
(2) There is a move up coming and those in the know are picking up all they can.
As the Chinese say - Hau bu hau?,(yes/no?)
I know people have sell orders in but none have sold because they are are trying sell at .0001 are better. The only other way is to put a sell order in 'at market' and then they should have to be taken ( I said should) but at what price?
It would be interesting to know.
YOU SAY..........
"......BTW .. my step-mother is direct from England and I love her. But she is from the war generation so that is definitely a different London......"
Is America the same country? Is the world the same?
I touched on the tax question sufficiently to avoid too much disinterest among other readers and maintain the keeping within the contraints of this website and topic.
Why does the tax rate interest you? Are you planning to open a business in the UK? If you want further details there are a number of sites on the internet that will provide them such as
http://www.bbc.co.uk/blogs/thereporters/robertpeston/2007/03/21/index.html
I do not wish to be responsible for degenerating this facility into a political forum, so, reluctantly, must by-pass some of your so related comments.
I am reserving too much further comment on the proposed new company until we get more information on the 'deal'. So far, so good. I have no problem, but that could change when we get more complete details.
One should not be in too great a hurry, not with a market that could turn down sharply any day. It is better that this company does not fire off all its guns (should they have any)
until the timing is right to get the best effect.
In battle, and the markets (almost the same thing) timing is everything.
I am not sure if I am permitted to send you a private post as I am not a fee paying subscriber. If I can, I will that will cover some of the points you raised that are geo/politically bent.
Cheers
I WOULD LIKE TO KNOW where all those millions of shares are coming from every day that the buyers are buying.
Anyone any answers? Anyone? I don't hear any of the 'players' here doing any buying or selling of GWGO.
Either someone is selling naked, or selling well below .0001 - which would not make much sense.
YOU CAN DO BOTH, CHEAPLY. The great thing about London (just one of them, is that travel abroad can be quite cheap. I have flown to Italy, roundtrip, for as little as $20.
One airline with cheap flights to Italy from London is Ryanair. They fly to Pescara, Venice, Rome and one or two other place, but I have flown myself to those destinations.
It is called the 'Channel Tunnel' and is used by the rail. There is no auto tunnel, the car has to go on the train.
We'll know more about the viability of GWGO once we get the full deal. It could go either way. Mind you, it can't go down any more - only exit. If exit had been the plan, I am sure it would have gone already.
Taking their time with such things as new Website, etc., could well indicate their seriousness in wanting to do things right.
To 'trap us in' with the price can be a positive. It holds its shareholder base, and stops any further down slide. Plus, it provides a better launch site. These points would make sense, it's something I would do in that position.
The main market could take a dive any day, as some believe will happen on some 'cause' real, or imaginary, well, we don't have to worry about GWGO in our portfolio.
Your family has had very good weather while in London
but I am sure they found things expensive with the dollar as it is.
BTW Our Queen is coming to the US in the next few days, I hear.
She is coming to keep an eye on her 'colony'. Well, at her age she has a touch of senility and forgets that one of her ancestors gave it away.
Or, she could be coming to tut, tut, and say ' see, if you had stuck with us you wouldn't have had to pretend you are Canadian
when you travel abroad (smile).
Some Americans will probably think its Helen Mirren, and ask for her autograph. She'd laugh at that, or, perhaps say 'We are not amused'.
Cheers