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The annual fee is about $100.
They moved from Nevada to Wyoming two years ago. It's kind of an odd thing to do because both States are very similar as far as rules, regulations, taxes and annual fees are concerned. In fact, the only big difference I can think of is, Wyoming allows companies to have nominee officers. This is an advantage for business owners who are determined to remain anonymous.
Authorized shares have been increased to 5,000,000,000. That's FIVE BILLION !!! They must be issuing more shares and the previous limit of 2.6 billion shares wasn't enough !!!
Not even close. FOGC: June 13, 2000 high = $4.70 per share.
Don't they need shareholder approval??? LOL !
IMO they're just cleaning-up the shell so it can pass a buyers DD; nothing more. They spent a few hundred dollars on housekeeping. Big deal.
Why not just tell us what you know and how you know it?
Whatever... FOGC is still for sale as a shell. Would anyone like to guess who the seller is?
Seriously? You consider THAT to be significant? That falls under the category of housekeeping or maybe "cleaning-up the shell", nothing more.
I know. It's a secret!
Name one specific event that's occurred in the last 30 days that leads you to believe FOGC is following a different course; a legitimate course.
What events???
I'm critical of FOGC because, the best thing for all of us who are real shareholders, is if the company goes legit. I'm simply trying to hold Management's feet to the fire and show them not everyone is fooled by their antics. Unfortunately, there is ZERO evidence that legitimacy is in FOGC's future.
But what if nothing's coming?
It depends on how much money you want to raise and who owns the shares. A 5 cent stock with little volume might be better if the shares are in the hands of a large number of legitimate shareholders. It's all a moot point because we're talking about FOGC, which could never be used to raise any kind of significant capital; significant being defined as $1 million or more.
Not accusations, observations. You're naive if you don't think insiders, in PS deals like FOGC, keep the bulk of their shares in retail accounts.
The funny thing is, there's more likely to be an RS if a legit company comes in. If you're worried about an RS, don't!
What did I tell you? You're pumping and the insider's are dumping! They're doing it carefully though, so they look like retail sellers. The PPS won't move significantly until the insiders stop selling. The market can absorb impatient investors but not insiders who have tons of virtually free shares.
You can say that again! What we're seeing here is insider's with hundreds of millions of shares selling very carefully, so as not to push the price down. There's been too much volume lately, without the PPS rising, for any other explanation. IMO, it could take another week of days like today, until the insider's are cleaned-out. Then, we will have a legit market and the PPS will rise (as long as the company doesn't issue a huge block of free trading stock to someone in the meantime).
If anyone else has a reasonable explanation for the lack of PPS movement, I'm all ears.
More likely it's insiders with very cheap shares, taking advantage of the recent activity. The stock is too cheap for the "impatient investor" explanation.
No DD, only speculation. Zero filings + zero disclosure = crap shoot!
~L2Trader~, I also have reason to believe some type of control change has occurred or is occurring; perhaps some sort of merger, but I have no idea who with. Do you? It will be interesting to see how much time passes between the actual event and an announcement.
Depending on who it is, it could be a positive thing or it could be the final nail in FOGC's coffin. Time will tell.
My suggestion was to call the transfer agent. If FOGC's management has changed, the transfer agent will be well aware of it. Also, it's not confidential information, so they'll tell you exactly who they receive instructions from.
Do you have a phone number for Cressent Energy? What they show on the web site is an address only but it's someone's private residence.
Also, Fortune's "supposed" PR firm, Magna Biz, is a NY cell phone but no one ever answers. The obvious conclusion is that MMG is still calling the shots, but they want it to look as if they've moved on.
If I were you and wanted some "reality", I'd call Fortune's transfer agent, Signature Stock Transfer in Plano, TX.
Their number is: (972) 612-4120
and their e-mail is: signaturestocktransfer@msn.com
They must have contact information for the person, or person's, who make decisions for FOGC.
It's not possible to contact the company because it doesn't exist (in the physical sense). There's no office, no management, no employees and no operations. FOGC only exists in a P.R. firm's filing cabinet.
You just proved my point. Why do you know this and no one else does? Also, of all of the ways to go public and with all of the nice, new clean shells for sale; why would any viable business choose FOGC to merge with? It wouldn't be impossible to clean-up FOGC to the point that someone could do something with it, but it would be a long, difficult, expensive struggle and the existing shareholders would get R/S'd into oblivion.
When there's no disclosure, a company can issue free trading shares to "themselves", then issue a bunch of false PR to drive the price up, then sell those free trading shares to an unsuspecting public. A PnD only works if the facts (some or all) are hidden from the public.
Waterchaser, FOGC's shady past began when MMG walked through the door and cancelled the company's fully reporting, full disclosure policies. I wonder why?
This wouldn't be the first time MMG has tried to make people believe they were no longer controlling FOGC. It didn't work the last time either!
...but FOGC isn't a penny stock. It isn't even a tenth-of-a-penny stock. It's a hundredth-of-a-penny stock! Don't forget how it got there. FOGC issued hundreds of millions of free-trading shares to insiders and/or affiliates, which was followed by massive selling and no buying. Big surprise! Typical P&D. Has anything changed, fundamentally, since then??? Oh, a merger! LOL.
Here we go again!
Just remember, you're competing with insiders and affiliates who have "hundreds-of-millions of .00001's". Do you think they'll bail-out if the PPS gets much higher??? Would you???
Filings and news are useless indications of performance without full disclosure. This statement is proven by FOGC's filings and news in its recent past. They were all pure B.S.
Sure, there may be a merger in the works, or already done, but a merger in itself is a meaningless event unless the merger partner brings something to the table. If you apply common sense to such a scenario, the reality is, any company that could bring something to the table, wouldn't.
This all reeks of another FOGC P&D.
Charts are meaningless for a company without a "real" market for its shares; a "real" market being defined as the majority of its shares being owned by non-insiders and/or non-affiliates.
P&D's always cite charts as justification for unjustifiable, illegitimate increases in their PPS.
I wonder if "the charts" predicted the drop in FOGS's PPS from $0.1 to $0.0001 not so long ago?
IMO, FOGC could never recover enough to even orchestrate a mini pump and dump. If I had to guess, I'd say the insiders simply want to wash their hands of FOGC. Accordingly, they're likely trading shares back and forth in order to make it look like there's interest in the stock. This makes FOGC a bit more attractive as a shell.
Ask yourself what would cause the PPS to rise, when the company has no business activities, no assets, no cash, no management and no hope of ever rising from the grave it now lies in.
Keep in mind, a "big volume" day for FOGC is only a few hundred dollars worth of stock.
Also, since "the management" issued over 1.1 BILLION free-trading shares to a party undisclosed for reasons undisclosed, approx. two years ago (equals instant DTC chill order), it's possible the insiders are merely trading shares back and forth to make it look like something's up.
Isn't it funny how companies with DTC chill orders against them, that they can't seem to resolve, always blame it on unpaid fees! ! ! !
Since the DTC chill has been on this stock for over two years, and the company has undoubtedly tried everything in its power to have it removed, it is likely here to stay.
Another typical "pumper" reaction to a request to back-up their unsubstantiated claims.
This is exactly the response I expected. There's a name for people who pump a stock without offering any facts to support their claims.