400,000,000+ has been traded this month in FGFC. According to SEC regulations 25% of this can be repurchased by the company in the open market this month of June 2006. The company can buyback at any time. 25% of the 400,000,000 traded is 50,000,000 shares that can now be bought according to SEC regulation. Management holds control of 100,000,000+ shares at this time. Add in the long position here and FGFC is a rocket ready for launch. Right now there are a few MM's short this stock...... probably from prior to the shell being bought out. The company is doing/done with the financials at this time and are in the process of listing with the OTCBB. All brokerages have to comply with the new OTCBB reporting requirements of short positions held starting in July. Could be that this shell was earmarked for the takeover due to the short positions held. The question is not when the short covering will occur, it's how they will get he shares from the 30 to 50 million that will be left to cover with. This could get real ugly for the short interest here if management elects to force a delivery of 150,000,000+ certs that are held in the street name. The rest of us here have already picked FGFC dry. There is a serious imbalance of shares right now and it is only going to get tighter. There is a concerted effort to wipe every share dry by the Company and BOD.......... and they have no mercy when it comes to protecting shareholder value........ exactly what they are inclined to do, place their stakeholders at the top of the food chain. You can see the manipulation going on right now before the buyback. It wont last much longer, they will have to raise the BID to get shares as the company gobbles uP shares on downward manipulation. Like I was saying earlier, there will come a point when valuations will be tossed out the window and supply overwhelms demand. I like yesterday in the last half hour of trading when the bid ran up to scramble to grab shares as the company can not buy back in the last half hour of trading due to SEC regulation. I can see the shorties saying, "SHUT UP STOCK RANCHER!", as the last thing they want is this info getting out. I'm not saying FGFC will be $1+ by mid-July, but I'm not saying it wont. If you get a chance e-mail our Golden friends the info to validate this. I have a few fundie friends with MAMMOTH deep pockets that like a tip-off this this just for the sport of it.
Everyone take it easy, I have some business to attend to again today.
Good Trading!
Stock Rancher
