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Monday, June 19, 2006 9:18:35 AM
Food For Thought:
If FGFC can afford to buy 45,000,000 shares @ .06 pershare they have allocated $2,700,000.oo in funds for the share buyback.
With the stock down here in the crapper, the $2.7M can buy back way more than the 45,000,000 shares.
They can do 90,000,000 shares at .03, 135,000,000 shares at .02................ you get the point. The point is that if they play this right there can be at least 80,000,000 to 110,000,000 shares bought back.
Then again, there is always .005 that IMHO the company should start buying back from......... even dump shares and put no PR's out to get the job done. In the long run the more this stock tanks the better for shareholders on a buy back. the company does not have to stop buying when they hit 45,000,000 shares. This is not good for flippers......... shareholders is another story.
I say, "Let's tank again today!"
Besides, I want my .006's for a 10 bagger on the long term flip. Everything now is a bull trap. I wish I had a Canadian Brokerage Account to short the living $hit out of this stock........ I would have made a grand slam already.
I have some business this am, check in later today.
Good Trading!
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