How I see things going on :
1) HGLC needs the free float shares of FFGO to block out the private equity group and to remain in control of the company
2) FFGO was in advanced discussions with this private equity group to dispose of their shares for a minimum price of 0,03. This would be a cash injection of 14.490.000$ to be invested in the FFGO core business.
3)HGLC is now negotiating a deal with FFGO to purchase their free float shares. Price???? must be higher than 0,03$. Also note that major HGLC stockholders refused to sell at a price lower than 0,20$ which is for me an indication of the actual value of the HGLC pps.
4) FFGO will sell their shares to HGLC and major stockholders at a price of 0,20$. They remain in control of the company. As they now the pps of HGLC will start to rise, good situation at the long term for all major shareholders.
5) Enormous cash injection for FFGO which will have a substantial and immidiate shift in the company's strategy (agressive acquisitions?)
6) FFO will dispose of all of their non-core assets and pay them to their shareholders as a second extra ordinary dividend (the restricted float of HGLC shares included) and maybe (if we keep on dreaming) a substantial cash dividend. This will squeeze the shorters and raise pps which is in the best interest of all shareholders. And so FFGO can become the first company to beat the shorters. With this victory Lumb and Santini will be eternal heroes of pinksheet traders, so money to be maid for the rest of their lives and free publicity if they go to the market with their credi cards.
7) conclusion : I hold my shares for the ride to start monday!!!!!
