I hold a nice position here but still a little skeptical...
I really hope this pullback is typical Friday profit taking and we see a nice lift next week. I am still green as I entered at .0135 but was very tempted to bail at .022
I dont like seeing us go down as the shares are supposed to be decreasing. Not sure I get that.
Has anyone had any direct contact with the company recently?
And, I didnt like reading this...
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Casino backer hopes to build near Toyota
The Woodstock Sentinel-Review
By Eric Schmiedl - STAFF WRITER
Thursday July 13, 2006
A U.S.-based corporation says it is getting an appraisal on a property in proximity to the incoming Toyota assembly plant in hopes of building a casino/hotel there.
"We are very optimistic and excited regarding the acquisition of this parcel of land as the company believes the development/use potential will result in a very lucrative project for the company," Abraham Rosenman, president of First Guardian Financial Corp, said in a release Wednesday.
The casino/hotel would be "the first project for the company outside the United States and ... company executives will be travelling to Toronto ... later this month to review other potential joint venture opportunities," Rosenman said.
First Guardian, based in New York City, would be the majority partner in the joint venture Woodstock project if it sees fruition. The company is in the "due diligence phase" of the 20-hectare land buy, which includes getting proposals from "prominent planners" in relation to rezoning and environmental studies the land would need for the project to proceed.
Further details, including the exact site for the proposal, have not been released.
So far, no planning applications have been filed regarding the project, said city planner Gord Hough, adding he's had no talks with anyone behind the proposal.
"We haven't had anything at the county or the city" on the casino/hotel plan, Mayor Michael Harding agreed Wednesday. He has referred to the plan as a "fantasy" idea and a "media-driven house of cards."
Indeed, there are huge hurdles ahead for First Guardian to fulfil the proposal, as provincial gaming officials have said politicians would have to OK legislative changes to accommodate the plan. The provincial stance at this point does not allow for a new casino in Ontario.
Messages to Rosenman at his New York office continued to go unreturned Wednesday.
The Bellwether Report, a stock reporting organization, said First Guardian is "one of the first companies to interface with online games and player tracking systems found on traditional floor slot machines."
First Guardian is described on the Pink Sheets website as a provider of commercial real estate financing, investing for its portfolio of small and mid-sized businesses.
"Its primary goal is to provide short-term financing within the commercial real estate market and invest in businesses, either startup or growth-wise, throughout the United States," according to Pink Sheets, which bills itself as a provider of pricing and financial information for securities markets.
Just my opinion...
