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Thanks for the update!
would be nice to go with plan B and get a nice little sum of $$$ from the settlement. Plan A would send a good message though
cheers,
moe.
Thats pretty huge, we're active now and have a really strong backbone as one of the owners.
Good DD'ing Thinman and thank you.
cheers,
moe.
You pretty much didnt say anything regarding the concert at the speedway before last week, until it was after the fact about whats going on regarding how the speedway is looking at it. I'm not going to sit here and debate it out, I can understand how it can go both ways.
In my honest opinion, from the DD here, I don't think the people who are actually interested in coming to the cuban music festival care if it is at the Speedway or 5 miles down the road from there at an equally presentable venue. And the way it is looking the show is going to go on either way.
It doesn't look like Fuego is the one being sued. Seems like
Homestead Speedway -sueing- Mia Resorts
Fuego -sueing- Homestead Speadway
(Of course that is very simplified and i might have gotten it wrong), but by the looks of it I think Fuego saw it coming and were well prepared with a team of lawyers and the ACLU ready.
The times are changing, not necessarily to dissrespect anyone, but the fact that we have a black president, the new generation pretty much throwing out the "ruler" of Egypt, and the fact that in Chicago a candidate for mayor who does NOT even meet the written residency requirements but is still allowed to run due to popular demand, should tell you guys to expect change going forward.
Other than that, if you think that Hugo is doing such an unethical thing to the cuban community such as
get a kick at provocating and teasing it
lol no kidding can't remember the last time we had a no volume day. Oh well I'm still green, that makes me feel a tad bit better. Have a paycheck coming on friday, I'l be buying some more then.
cheers,
moe.
I was thinking the same thing. I dont think FUGI can go much lower with the tight share structure and everything going on, when the masses get here it will only gonna go up then.
Hopefully we will get an update press release on the status of the festival, Dan had said they are working on one for early this week.
Other than that filings should be right around the corner, not sure what is going on with that, I would assume as a CFO it would be at the top of his priority list to get those out or atleast give an update.
The Nevada SOS has still not been updated either. I called the Nevada SOS last monday and they said nothing is pending or anything. It would be nice to get that taken care of.
Im my honest opinion, I think everyone is caught up with the festival and obviously when lawyers get involved, the level of communication decreases even more. Nothing wrong with that at all. I'm personally rooting for FUGI, the communication with Dan has been great thus far and there is proof all around of all the things going on. Regarding the financials, the first one is already out so that takes away alot of doubt regarding revenue figures and the auditing firm, the rest will follow soon.
Sorry for the extended essay and thank u guys for putting up with me persuading myself that it's best to hold.
cheers,
moe.
It means nothing, MMs usually just sign off at random places at the end of the trading day and it sticks on level II. Monday morning they will reset to where they left off Friday afternoon. I'd get into gap ups and gap downs but yea i don't think that will be happening and I'm sleepy lol
cheers,
moe.
I guess we'll know next week, didn't want to bother Dan alot this week seems like they have a ton going on plus alot of shareholders must be calling every hour asking the status of things.
The last time I talked to him on wednesday, he said they are working on a PR on the status of the festival and should release it early next week.
Anyway I'm satisfied, the show is going on on April 9, lots of good DD going on and this is possibly the only pennystock I've seen where you can't say none of the things aren't actually happening.
Two months is very little time left for an event of this size, as the days get closer there should always be something to keep us excited
Enjoy the weekend everyone.
cheers,
moe.
Is this the news that Hercules said Dan was pointing to or is there something else on the way?
cheers,
moe.
beautiful HOD close at .04, nice to be up 42+% going into next week. Lots of good stuff coming up guys.
cheers,
moe.
Because Hugo just let out his ace in the hole, We have the speedway by the balls. Would be nice to sue and get a nice sum of money. especially when a solid plan B is already in tact.
WOW Fugi is so thin, took next to nothing to bring her up back to .04.
cheers,
moe.
Seems like theres a ton of people cashing out, we've been floating in the .05 to .06 range all morning. If it is a 25 million float which looks like it is, then we should be at .09 at least if the pumpers on here alone just hold like they are praising.
I am guessing alot of folks are taking profits. Nothing wrong with that at all. Just to say it's going to 60 cents when it cant even get past 6 cents with all the selling is kind of humorous.
cheers,
moe.
Thanks for the update! Good to see everything going well
cheers,
moe.
Nice billboard, thank you for the pic Thinman. Look for a PR early next week on the status of the festival.
cheers,
moe.
Looks like this is truly going to be a long term play. No use worrying about day to day activities or minor delays. Fuego is being very productive each week, will be fun looking at this 2 or 3 months from now after the festival.
Looking forward to all the media about to cover this
cheers,
moe.
Financials are done as of yesterday, Dan said CFO should be getting them out today. They were going to get them out yesterday but got caught up with all the other things going on regarding keeping the festival going. I would assume the festival is first priority as of right now.
cheers,
moe.
In that respect, I agree. However at the same time considering what Fuego has done in the last month alone has put them ahead of 95% of the garbage on ihub. Half the garbage on here has over 1 billion in tradable shares. Another 25% have the company's IR not saying a single thing to the shareholders. You know what I mean, they won't even tell u the share structure. Like wtf, I'm surprised they tell you the symbol the company trades with.
Delays will always happen, but considering they did satisfy many of the things on the January 11 press release and are in the process of completing the rest, I'm willing to give them the benefit of the doubt.
It's not all going to happen in a weeks time or even a month, and looking at it in Fuegos point of view, most of us will probably be long gone after the share price hits it's peak, so for them as a company it's better to deliver on everything they are promising in a well thought out fashion. If that means taking an extra week or two to dot the i's and cross the t's on the financials, then so be it.
Just my .02 cents.
cheers,
moe.
soo true lol, I feel like at the right moment FUGI will definitely hit a dollar. until then I'm going about my daily life and just putting a little bit of my paycheck here every 2 weeks. I'm all in on this one and trying to accumulate a million shares in the meantime. Not even halfway there, but adding at under 5 cents every 2 weeks adds up.
Hopefully I'l have a million shares before it takes off, then I could put some of that wealth from FUGI into a big board stock and live off the dividends and join u on that beach lol That's the dream though Some of the best epiC runs I have seen have taken upto 6 months to pick off. It's crazy looking back and wondering if you put 10k down then a few months later it would be a million dollars. I think we are in a similar situation here and we can actually surpass a dollar when everything falls into place given the share structure and everything going on. Funny how GWA Y comes to mind, that thing ran from pennies to $2.88 and still climbing on a 6 million float. imagine that happening here, heck I'd be happy with a buck fifty
cheers,
moe.
Thank you for the update! I called Dan on Tuesday right after the fake blog was posted and he gave me a good idea of what the plans were and that there was a solid plan B in tact w/o saying more than he was legally obligated to at the time. At the same time he told me not to mention too much on the board because as of yesterday nothing had been cancelled, which is why I advised if anyone had questions they should call Dan so they can sleep peacefully. Dan is a stand up guy, really keeping us in touch here.
Looks like they were well prepared for this hence the huge respected lawyer team and a solid plan B to keep the show going. I'm assuming that's also why they didn't exploit advertising that it was going to take place at the Speedway. I remember posters on here throwing up red flags if it was real because they didn't blatantly advertise where the festival would be.
Can you imagine what would happen if more than likely Fuego receives a cash settlement for the cancellation at the speedway? it would likely be a multiple of the $500k they put down! Not to mention the added publicity. It's going to hugely help Fuego in their future endeavors as well as us shareholders. Maybe I'm thinking too ahead and I'm not implying there will be a settlement just saying, you don't line up an expensive set of lawyers to take on a county if your not absolutely sure you have a strong case especially nowadays when everyone is tight on funds...
Bottom line imo and something Dan had mentioned to me, regarding the festival it has NOTHING to do with politics IT'S MUSIC. There will be people there that have nothing to do with Cuba, and are just there for good music and a good time. And there won't be anything there to persuade them about politics in Cuba.
So with that said, looks like things just got a lot more interesting. There is so much going on behind the scenes. There's not one single event to look forward too with FUGI, but instead a whole bunch of things. We have financials on the way, looking to uplist, a Cuban festival coming up, now this dilemma with the speedway that may turn out in our favor. Everyday here in exciting, and that's ironic because I've been in boards with a million posts per day all having nothing to do with the company, and a few posts here are always well thought out and written. Good work everyone, looking forward to tomorrow and any updates the day brings.
cheers,
moe.
Nice .03 close, already up on todays buys LOL sweeet. We'll blast off sooner or later, I don't see why not. No way I'm following the "crowd", Seen too many dillema's like yesterdays AUC* in my time. Better to know what you own and hold it out. This company is truly amazing though.
cheers,
moe.
Keep dumping, can't believe I'm being filled for this low, even if it is just partials.
cheers,
moe.
25k shares in stronger hands...mine Lowered my average too. glad i didnt hit the ask yesterday seeing no one else is anyway. Surprised I didn't get more.
Hard to get cheap shares unless someone dumps, tried hitting .025 on the ask and they jumped to .03.
cheers,
moe.
Agreed, fire sale going on right now. Some one really wants to get out. Womps seeing the share price still so low but the company accomplished so much just in the last month.
- All the outstanding unaudited financial statements have almost been filed reflecting the $2 million in revenues.
- Stop sign removed from pinksheets
- A new SEC approved auditor has been appointed and their identity has been press released earlier.
- 800,000 shares have been canceled and returned to the treasury.
- The authorized share count has been reduced to 100 million.
I sent Dan a request if he can publish a follow up press release to the January 11th PR indicating they have accomplished all the forward looking statements they made. Hopefully its not too much to ask. Looking forward to reading your posts this evening Xtreme.
Looking forward to the Cuban Music Festival now, only 2 months away. Also looking forward to becoming a fully reporting company again.
cheers,
moe.
Well that womps, with all the bid support at .04 we were ready to lift off yesterday too until a certain marvelous someone started spreading false information.
Well still have financials to look forward to for today.
cheers,
moe.
That would be a good idea. Il give Dan a call towards the end of the week. Would like to read the financials in there entirety first. Of course other people can give a shout out too.
cheers,
moe.
Be careful, just a small technical bounce, if you got the .0033's just sell now cuz theres nothing driving the buys anymore, more selling will start as the news broadens of the fake offer.
cheers,
moe.
I love being right
So the pumpers are saying .05 by end of day and I'm saying .003 by lunch, for the heck of it let's see who's right or atleast closer
LOL good advice man
cheers,
moe.
To clear up any rumors, the festival is not cancelled. Fuego Enterprises is confident it will take place.
On a side note, I'm gonna go ahead and trust my gut here. Obviously they put alot of money and effort on the line here, so I would imagine they already prepared themselves for any heat (if there is any).
Also, the second set of financials will be out no later than tomorrow.
If anyone needs some reassurance, the best advice I can give you is to call IR. It only takes one second to buy or sell, you might as well ask any questions you have and make a satisfied decision.
cheers,
moe.
boy that bid support looks beautiful.
Bid: 5 x .04
Ask: 1 x .045
beat me to it hach123
cheers,
moe.
hope thats not the case, however
controversy creates cash
cheers,
moe.
So the pumpers are saying .05 by end of day and I'm saying .003 by lunch, for the heck of it let's see who's right or atleast closer
cheers,
moe.
Falling now, pumpers sold at .004x, amatuers drove it to .007x, buying pressure is not going to last forever especially with all the selling, I would be surprised if its not .003 by lunch hour.
cheers,
moe.
The buying pressure is so HUGE along with the lack of sellers that its leading to no activity on level II
Oh well, I guess thats how things work around here w/o a good old fashioned pump.
In due time, we should be getting noticed, such a big festival coming up there are going to be a boatload of investors who want a part. Not to mention if they get a broadcast or video sale deal of the event. Seems like at some point the company is going to want the share price to reflect their market value too especially after all the honest work their doing for the shareholders.
Honestly Im surprised we're not getting more volume right now, Im guessing its a snowball effect when a few buyers start hitting with big blocks on the ask, others will jump in to avoid waiting and buying in even higher.
Lets see what happens.
cheers,
moe.
Gap needs to be filled from yesterdays close, when this dips to .002 your going to have the people screaming in bold capital letters now saying "Im glad I sold when it was .0044 and took profits"
cheers,
moe.
ask dropped now, lot of sell orders. Smart traders selling now and going to buy back in lower during lunchtime.
cheers,
moe.
Lots of selling, Pumpers are exiting now be careful. It would have been over .02 by now if it was truly a float lockdown and no one was selling.
cheers,
moe.
Thanks, sounds good though at the rate they're going we'll be back on the OTC very soon too.
cheers,
moe.
Not positive but wouldn't the one that hits today make us Pinksheets "current" then?
cheers,
moe.
Very nice summary, things are looking really good for FUGI shareholders. the people on the sidelines should be jumping in this week and the word is only going to keep spreading about this gem. 4 of the 10 MMs have been lined up over .20 for a while now we should be testing that soon. Well worth the wait for the delayed financials and I feel sorry for those who sold this morning at the .04 range.
9 million float
40 million OS
100 million AS
FUGI is going to take off way or the other, imo I'm expecting atleast 50 cents in the short run meaning by mid April at the latest. And that's speaking conservatively.
More financials coming tomorrow as well as a removal of the stop sign plus much more news. Nothing to not like about this stock right now. If this was a year ago, it would be a different story, but today we are in a very good situation.
Want to give a huge thanks to Dan from IR for going above and beyond his job description. And want to thank everyone at FUGI for the hard work they are putting out to make these events happen and also taking into consideration the well being of the shareholders. Would also like to thank the family on this board for the amazing DD they put out.
cheers,
moe.
I agree, not cheap and not easy at all to prepare and file those statements. Looks good not any crazy surprises to tell you the truth. Alot of their expenses for last year include expenses for shows this year. The revenue is there and so is the potential for net income. Obviously Fuego is expecting financial stability this year which is why they chose to hire an auditing firm and look back into uplisting specifically at this point in time.
cheers,
moe.