Fortress Financial Group fka FFGO

[ORCA]

FFGO.000x.0001.Has a .01418 NET ASSET VALUE PER SHARE AS AT JULY 10, 2008 :- .Hard to believe the stock is at .0001.
Should be trading in the .001 minimum Area,Imo.Lotto play, but this will go one of these days Imo.Check out below from the filing.HGLC Trades at .006 and FFGO at .0001????Come on FFGO time to rise from the the Dead.Let's pull an Oli QBID.
Will add again tomorrow.
http://pinksheets.com/edgar/GetFilingHtml?FilingID=6038832


On July 10, 2008 the Company had a Net Asset Value per share of US$0.01418 (1.42c per share of Common Stock).


This was calculated as follows :-


An amount of 483,750,099 shares of Hunt Gold Corporation (HGLC.PK) Common Stock are held by Western Diversified Mining Resources, Inc.; a wholly owned subsidiary of the Company. The value of this holding is in the amount of US$483,750. This is calculated at the Hunt Gold Corporation's market price of US$0.001 per share on July 9, 2008.


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An amount of 7,380,255,540 shares of Hunt Gold Corporation (HGLC.PK) Common Stock were held directly by the Company as at July 7, 2008. An amount of 6,016,666,667 were utilized to fund the buyback of the Company's "free trading" shares of Common Stock. The Company's direct stockholding in Hunt Gold Corporation (HGLC.PK) as at July 10, 2008 is now in the amount of 1,363,588,873 shares of Common Stock. The value of this holding is in the amount of US$1,363,589. This is calculated at the Hunt Gold Corporation's market price of US$0.001 per share on July 9, 2008.


As at June 30, 2008, an amount of 1,030,034,482 shares of Bouse Mining Holdings plc were held by Western Diversified Mining Resources, Inc.; a wholly owned subsidiary of the Company. As of June 13, 2008, the Company entered into a Heads of Agreement to dispose their entire shareholding in Bouse Mining Holdings plc; to an OTC Pink Sheets quoted Gold Mining & Exploration Company (hereinafter referred to as "Goldco"). This is to be settled through the issue of restricted Shares of Common Stock in Goldco.


Based upon the pricing per share, the Company's stockholding in Goldco, through the sale of its entire stockholding in Bouse Mining Holdings plc; will be valued in the amount of US$0.5825 per 1 (one) Ordinary Share of Bouse Mining Holdings plc.


The Company utilized an amount of 342,003,035 Ordinary Shares in Bouse Mining Holdings plc to fund repurchases and cancellation of its Ordinary Shares of Common Stock as at July 7, 2008. The Company utilized an additional amount of 177,494,421 Bouse Mining Holdings plc Ordinary Shares to fund the repurchase and cancellation of its Ordinary Shares on July 8, 2008 and July 9, 2008. The Company's indirect holding in Bouse Mining Holdings plc is now in the amount of 510,537,026 Ordinary Shares as at July 10, 2008. The value of this holding as at July 10, 2008 is in the amount of US$297,387,818.


An amount of 1,030,421,001 shares of Copperstone Mining Holdings plc are held by Western Diversified Mining Resources, Inc.; a wholly owned subsidiary of the Company. The value of this holding as at July 10, 2008; is in the amount of US$201,035,137.


As of June 13, 2008, the Company entered into a Heads of Agreement to dispose their entire shareholding in Copperstone Mining Holdings plc; to an OTC Pink Sheets quoted Gold Mining & Exploration Company (hereinafter referred to as "Goldco"). This is to be settled through the issue of restricted Shares of Common Stock in Goldco.


Based upon the pricing per share, the Company's stockholding in Goldco, through the sale of its entire stockholding in Copperstone Mining Holdings plc; will be valued in the amount of US$0.1951 per 1 (one) Ordinary Share of Copperstone Mining Holdings plc.


NET ASSET VALUE PER SHARE AS AT JULY 10, 2008 :-


Based upon an outstanding amount of 35,281,766,809 shares of the Company's shares of Common Stock at July 10, 2008, the Net Asset Value per Share of Common Stock is in the amount US$0.01418 (1.42c per share of Common Stock).


The Company calculates in Net Asset Value in the amount of US$500,270,294 as at July 10, 2008.


This is calculated as follows :-


Hunt Gold Corporation (HGLC.PK) shares of Common Stock held directly by the Company in the amount of 1,363,588,873 and at a market price of US$0.001 per share, give a valuation in the amount of US$1,363,589.


Hunt Gold Corporation (HGLC.PK) shares of Common Stock held indirectly by the Company in the amount of 483,750,099 and at a market price of US$0.001 per share, give a valuation in the amount of US$483,750.


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Copperstone Mining Holding Ordinary Shares held indirectly by the Company in the amount of 1,030,421,001 and at a value of US$0.1951 per Ordinary Share, give a valuation in the amount of US$201,035,137.


Bouse Mining Holding Ordinary Shares held indirectly by the Company in the amount of 510,537,026 and at a value of US$0.5825 per Ordinary Share, give a valuation in the amount of US$297,387,818.


The value of the Company's stockholding in St James Capital Holdings, Inc. (SJCH.PK) and the Company's intangible assets have been excluded from this calculation.