Capital Financial Global Inc (CFGX)

[Huggy Bear]

Here we go, again.

Norat is in it for the long run and will never give up until he gets past the unfair damage done to CFGX and the shareholders. Norat will prove that all the harm done to CFGX and it's shareholders was done with malicious intent, then it will be Norat who will fire back

Yes, we understand. Norat feels it is the critics fault that his stock performed so poorly. "Malicious intent" huh? I was not aware that in the course of doing due diligence on stocks us critics were supposed to grab the pom-pom's and sing the praises of the CEO who is running a con game to fleece the public. I was not aware that the whole penny stock market is supposed to be trying to run the Greater Fool theory game on their neighbor.

My intent is to strive for Truth and Transparency in the market, and when a con game is discovered a con game is exposed. Deal with it.

What was Norat's intent? To run a pump and dump I suppose, because nothing of any actual shareholder value has come from any of his supposed "business ventures" to build the value of CFGX.

We have definitive agreements on the second block of creditors that we are buying out as part of our $5.6 million distressed refinery debt acquisition–one more group and the acquisition will be complete. We should be entirely finished by this Friday, and I’ll announce it in a more formal press release.

http://www.capfiglobal.com/ceo-update-distressed-debt-acquisition-on-schedule/

Dear Shareholders:

We are done. The distressed refinery debt has been completed. It was a marathon of an effort, but we finally crossed the finish line.

A few of the numbers have changed, but overall, it’s an awesome deal. We ended up with $5,117,200 in unpaid principal balance in exchange for 1,701,200 shares of our Series B preferred stock.

I would like to say thank you to all the many people who coordinated their efforts to help make this happen, and to all the creditors who saw enough value in our stock to make the exchange with us, welcome aboard.

http://www.capfiglobal.com/ceo-update-distressed-debt-acquisition-completed/

In related a related action, CFGX has terminated its agreement with Quantum Refiners, Inc., which is controlled by our chief executive officer and principal stockholder, Paul Norat, to process ore acquired from Noble Metal Kings, Inc.

The termination of these agreements with Noble Metal Kings and Quantum Refiners marks CFGX’s official complete departure from purchasing and selling mineral materials.

CFGX continues to hold approximately $5.1 million in face amount of notes receivable that Gold Rush Refiners had issued prior to January of 2014, before it was acquired by Paul Norat and renamed Quantum Refiners. CFGX acquired these notes in March of 2014 in arm’s length transactions in consideration of the issuance of about 1.7 million shares of preferred stock. These notes were written down to $1.7 million based on concerns respecting the collectability of the notes in CFGX’s September 30, 2015 financial statements. CFGX now believes the notes are uncollectable and is attempting to resolve adverse impacts on the company by addressing the previous issuance of the preferred stock.

http://www.capfiglobal.com/capital-financial-global-cancels-off-take-agreement-with-noble-metal-kings-withdraws-from-all-mining-related-business/

So, in the course of the last couple of years we have seen the "awesome deal" as Norat put it of issuing 1.7M preferred shares of CFGX stock in exchange for 5.1M in distressed debt owed to Gold Rush Refiners turn into absolutely NOTHING for CFGX shareholders.

How much distressed debt has been recovered to date from the filings? Not a damn dime.

And now we find the "off-take" agreement with Noble Metal Kings has been officially terminated, thus ending the CFGX foray into precious metals.

Ha. The projected 400M revenue stream was never real in the first place, same as the 5.1M in distressed debt deal with Joel Natario.

But critics are to blame for all of this. Us critics made the gold disappear from the Doc Watson property, and us critics also made the 5.1M owed to CFGX disappear as well.

Are the critics also to blame for the 1.875 billion worthless shares of CFGX sold to market as well?

Are the critics the recipients of the proceeds from the toxic convertible notes issued by Paul Norat which destroyed the value of the stock upon conversion?

Norat sure has a warped sense of who is to blame.

Perhaps he should look in the mirror. He is to blame for the no bid status of his stock. He has done nothing but scam the market since the inception of this ticker.

NOTHING real ever existed. And that is the critics fault.

Classic. The perp becomes the victim.

The reality is every single thing I have suspected to be complete bullshit has turned out to be complete bullshit indeed.

And I hope those responsible for fleecing the market here are held accountable.