Purchse of HUNT
31-Mar-08 03:12 am
According to yahoo: "Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has, this morning, acquired an additional amount of 50,000,000 (fifty million) shares of Hunt Gold Corporation at a price of US$1.25 per share." This is a total of $62,500,000,..(62.5 Mil) they paid for this transaction. Now per Yahoo finance:
FFGO Fortress Financial Group, Inc. has 412,456,000 Shares Outstanding with
Market Value of $41,245.60
How can it be? a $40,000 company spends over $62 Million to buy 50 million shares of another company! where did this money come from?!!
Lets do a little math here:
50000000X$1.25 = 62500000 divided by 412,456,000 shares = about 15 cents per share.
This means each share if ffgo has in it 15cents of the Hunt gold company or does it? Can someone explain to me please? Im going nuts. someone from the company say something please, or may be some help from SEC. My friends please make sure we get the answer. If this is not a fraud we all be rich in no time. In fact I myself am sitting on $750,000,00 by holding 5000000 shares of FGGO. PLEEEEEEEEEEESE explain someone!!!!!!
