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Re: ID Supermoney post# 81921

Friday, 11/20/2009 10:32:46 PM

Friday, November 20, 2009 10:32:46 PM

Post# of 221992
Greetings, ID...


...I'm long on both Spongetech Del and FFGO. I haven't just showed up here, I have been a pro-FFGO contributor all year. I am not a bash and smash of any stock and strongly oppose the practice.

I thought for some time that Sir Stephen would have to dispose of FFGO at some point. Why?

* Former CEO Alan Santini holds between 2.5 billion to 4 billion shares of FFGO. Other insiders, too, hold large positions and need to get paid out.

* There is large and unknown liability in keeping a company "dormant," rather than closed. And, there are expenses, including filings, that cannot be avoided, even when dormant.

* There may be, repeat may be, some assets of considerable value that can be sold or exchanged. E.g., St. James Capital was held, although we don't know if it or other assets still exist.

Cordially, 'Bummer. GLTU.

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