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Saturday, September 09, 2006 8:04:54 PM
I got to the point friday where I figured something was not right with this stock and I have sold all of my shares...too much news has come out lately and this thing has gone nowhere on more volume than it ever has seen. Red Flags going off all around me that there is dilution going on. It always made me wonder why the "Naked List" report always said, "With over a billion shares outstanding..."....good luck to all that are still in. I am back in the real stocks with SIRI for now, but I will keep an eye on FGFC and look for opportunities to make a quick buck here and there. I highly doubt this will ever go above .05 without a reverse split no matter how much Abe says he is reducing the shares by because there is just no way to prove it at this time that they are actually doing a buyback. Look what happened to BKMP recently....said they were doing a buyback, stock went up....Buyback never verified, and now they are issuing "preferred stock" which is basically diluting and changing the stock to a new ticker symbol? Call me a basher if you want, but I do not feel nearly as confident in FGFC's word as I had once did...Hope I am wrong for all of your sakes, but time will tell.
All the PR's are following the same template as Ed Hayters awhile back with his old company....same story, different shell IMO.
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