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Vi, Sorry I didn't respond sooner - I was off-line. I have 36,528,172 shares of FFGO with Scottrade.
The TV Show “Deal or No Deal” has a contestant choose one brief case from many other cases. Whatever amount of money is in the case is theirs to keep --- IF --- they don’t trade it away for an offer that is less than the amount the case may hold. Often they are better off to take the deal and give up their case. But – some contestants have taken the “Deal” and given up the big money. The case is our stock and the contents are our dividend+.
We all have to decide if we want to settle for an offer and sell our case (“Deal” ) or if we believe the benefits outweighs the risk of holding onto our case.
I am in it to win it – so I say “NO DEAL” – I plan to see what’s in my case! How about you! GO FFGO!
Out of curiosity, how long have you been posting FFGO? Did you post when they were GWGO? Did you ever think favorably about them?
You are criticizing IR Dave - not for what Dave said - but for what posters on this site (including you) have "quoted" and sometimes misquoted Dave as having said.
In all fairness to FFGO and to IR Dave and for that matter any poster on this site - we should not be interpreting a post as a "quote" unless it was posted by the person you are quoting.
No - I never believed it! In fact I made a post that provided my opinion that the ex-dividend date would be no sooner than the 16th:
investorshub.advfn.com/boards/read_msg.aspx?message_id=53162773
Based on what I have read of your posts I am surprised to hear you say you believe that last Monday was the last day.
No one from FFGO ever said the last day to get a dividend was this past Monday. You are referring to one posters interpretation of Dave's answer to a "what if question".
Dave has consistently stated that he only knows what has been publically released.
IMO - The Ex-dividend date will likely be after the 16th, based upon the 8k's already filed - see rationale below:
"The Company is distributing the entire net sale proceeds, after settlement of the outstanding loan notes, to its stockholders."
"The outstanding loan notes due by Fortress Financial Group, Inc. will not exceed an amount of US$1,600,000. These will be settled in full from the proceeds of these sales on August 16, 2010. This equates to no more than 0.62% of the sale proceeds."
This tells me the dividend will not be paid any sooner than the date loan notes are paid - i.e., the 16th. Furthermore:
"The Company will now work towards the establishment of both a "Record Date" and a "Payment Date" for this single dividend of the net sale proceeds. Upon our receipt of approval of these dates, stockholders will be advised immediately."
Therefore, I believe:
1. On the 12th we will know the Purchaser and probably the form of payment for the dividends (i.e., stock, cash, both).
2. Dividends will not be paid any sooner than the 16th (probably later - but not much later).
3. The payment date may or may not be included in the announcement made on the 12th (but it likely will be included).
I'm looking for 3's with just two 0's - lol.
I agree! It's a small price to pay if it helps get the price up!
Tatto1 - Call Scottrade and go through a broker. They will let you set a higher price for $20 extra fee (if it sells).
If I get 0.01 per share and get "wiped out by those that were short" I will cry all the way to the bank with my $360,000.
The answer is simple: The company does not owe you the $100 or the $3000. You own a piece of the company that may be worth $6000 but you cannot sell your piece of the company (unless you sell it for $100) - and no one else in the company can sell their piece. So the company finds a single buyer that knows the value of the assets and offers to purchase them for what is equal to $3000 for each piece. This is not the full value i.e., $6000/piece - but it is a whole lot better than the $100.
IMO - Another form of dilution comes from those that practice abusive NSS. One result of abusive NSS is to eventually drive a company into bankruptcy with the stock at 0.0001 and no bid. But, when the MM’s have incorrectly assessed the value of the company, one of the defenses against their abusive tactics is to do what FFGO is doing - i.e., mount a good offense! Convert your assets to revenue then declare an extraordinary dividend which creates a huge payday for yourself and your stockholders while at the same time making those that bet against you pay and pay big!
I entered my sell order yesterday when the 0.0002 was up and set my sell at .0008 (Scottrade online). I believe you can call Scottrade and they will enter a sell for you at whatever price you want.
I am long on FFGO and certainly hope (and expect) to receive a dividend!
With the announced a dividend valued at .0034, I can understand that anyone that believes the dividend will be paid before the end of August may want to increase their shares. However, if the company is going dormant after the dividend is paid why would anyone pay equal to or more than the dividend for shares of FFGO? Where is the profit? I expect the FFGO share price after dividends are paid will drop to .0000, i.e. the most you can now expect from FFGO is the dividend payment.
If I am wrong, please help me understand how paying .04 or .05 per share could be profitable.
I use Scottrade - the 52 week high of .0030 is not new.
Go FFGO!
I am a long-time observer of this message board, but this is my first post. Arguments against the validity of the FFGO address by NeilPeart and others can at least in part be refuted by a close look at your post.
First: This is a business location - not a house. If you move south on South Jones Blvd, then look at the building you will see it is actually a fairly large building - not a house (I am not sure how to post the picture). Also, a better view of the building can be seen if you view it from the Tara Ave entrance to the parking lot or go to the BING maps birds eye view; BING has a good view of the business structure.
Second: A lot has been said about the Suite numbers of businesses at this address – some say the only addresses are in the 100 and 200 range. The Google list of other businesses at this address (included in your post) at least in part can be objective evidence confirming the FFGO address, see below:
Best Rate Auto Transport, Inc.?- more info »
# 3413, 2780 South Jones Boulevard, Las Vegas, NV? - (800) 272-6658? - 0.1 mi N
Notice the # 3413 – If you go to the Best Rate Auto website you will see they give their address as 2780 S. Jones Blvd. Suite #3413. That sounds to me like confirmation of Suite numbers in the building above 200 and it is very close to the Suite 3532 listed by FFGO.