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Re: itsmikie post# 584

Thursday, 06/15/2006 10:04:17 AM

Thursday, June 15, 2006 10:04:17 AM

Post# of 141643
itsmikie, I've been playing 'em for 15 years now on the side. I never made a living trading. Looking at the PR, THERE MAY BE NO BUYBACK. That's right! If you read it right, there is a resolution by the BOD to buyback. A resolution by the BOD in itself does not mean it will happen. If the CEO can not obtain funding to complete the buyback, it will not happen. It is a directive for upper mgmt. to do a "best effort" job at completing the task. All the CEO has to do is say," Dear BOD, it is not feasible at this time to complete the directive, we can not attain the funds to complete the resolution at this time." In the meantime, insiders frontload on the open market lining their pockets." Like the old saying go's, "if it sounds too good to be true...." The sad thing is that they can get away with this legit. Another thing, all those banking relationships can be a simple a FGFC savings account with a $50 deposit. We all know damn well that if this was a legit deal that the funding would have been in place prior to the PR and the buyback would have immediatly commenced. This is looking more and more like a scam....... tons of shareholders have had their investments slashed...... a few thousand here, a couple hundred there, $10k everywhere adds up........... now answer yourself one question, WHERE DID ALL THAT MONEY GO TO?