![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Sunday, June 11, 2006 6:11:13 PM
First Guardian Financial Corporation (FGFC.PK) ($.022) just announced A SHARE BUYBACK PROGRAM AT 6 CENTS with the objective to buy back 25 MILLION SHARES. FGFC management believes the fair value is much higher (FGFC was $.35 earlier this year).
FGFC is launching a BUSINESS TO BUSINESS INTERNET PORTAL IN MID JULY that FGFC management believes will be a premier business portal site:
http://biz.yahoo.com/bw/060609/20060609005193.html?.v=1
FGFC is dealing with a number of large investment banking firms to secure additional debt financing to accelerate growth, including JP Morgan Chase, Merrill Lynch, Credit Suisse, The Bank of Isreal.
http://biz.yahoo.com/bw/060608/20060608005336.html?.v=1
Share Structure:
- OS 179 million
- 78 Million float million
FGFC recently announced reduction in authorized shares to 200 million reflecting its commitment to fincance growth through internal funding rather than share dilution:
http://biz.yahoo.com/bw/060607/20060607005579.html?.v=1
FGFC will have only 154 MM shares OS and a 53 Million public float after the buyback giving it a current market cap of $3 million. Other junior web portal stocks like AAC:AMEX have market caps in excess of $20 million.
FGFC has commenced the process to list on the OTC BB:
http://biz.yahoo.com/bw/060424/20060424005879.html?.v=1
FGFC's share price and volume increased substantially last week with the buyback program and website news increasing investor interest. FGFC has the potential for much higher share prices in the short term as investor awareness increases.
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM