because I don't believe they will get them by Monday and by then the PPS will be at .007 and you won't want to sell..... you'll bite the bullet at .004.. Read this PR... it is from July 25th.. they said the transfer agent would be updated by the end of the week... what happened???
First Guardian Financial Corporation Completes First Round of its Previously Announced Share Buyback Program
Tuesday July 25, 8:47 am ET
NEW YORK--(BUSINESS WIRE)--July 25, 2006--First Guardian Financial Corporation (Pink Sheets: FGFC - News) today announced that the company has completed the first round of its previously announced buyback program. It has purchased 10 million common shares and will retire them to the company's treasury.
With this first round of the share buy back plan, it will reduce the company's authorized shares to 142 million. The company will continue to acquire additional shares and retire them until it has reached the stated goal of purchasing 50 million shares, giving the company upon completion only 102 million authorized shares.
***The company will file the proper corporate resolutions with the Secretary of State, Delaware by the end of business next week. The company will also provide its Transfer Agent all corporate resolutions reflecting such reductions and the current share structure. ***
"We are extremely pleased with the progress the company is making on all fronts of its business plan, within such a short period of time. Within a couple of months, we have been able to reduce the company's authorized share structure from 520 million authorized to 142 million," stated Abraham Rosenman, President of First Guardian Financial Corporation. Mr. Rosenman also stated, "We will continue to acquire/reduce the share structure to the previously announced share structure of 102 million authorized."
