just recieved this email from co
Dear Valued Stockholder,
We have your details on our database as a stockholder of Fortress Financial Group, Inc. and through E Mails sent by yourself to Fortress. Fortress is a Company quoted on the OTC Pink Sheets Market under the Trading Symbol : FFGO.PK.
This weekly update to our stockholders (for the week ended Sunday December 6, 2009) includes your Management’s comments on issues raised by our stockholders and includes Press Releases from this week; should you have missed them or not be following your Company on www.twitter.com.
Our weekly Stock Trading Summary:
Week Closing Price: US$0.0003
Week Closing Bid: US$0.0002
Week Closing Ask: US$0.0003
Week High: US$0.0005
Week Low: US$0.0002
Week Stock Volume: 3,633,562,542
Issues raised by our Stockholders:
1. AUTHORIZED AND OUTSTANDING SHARES OF YOUR COMPANY’S COMMON STOCK:
Yes, the ridiculous Authorized Shares of Common Stock in the amount of 5 Trillion shares must be addressed as we have stated in our recent Form 8-K Filing. It is a long standing issue and was never intended, it was simply a mistake that was never corrected by our Attorneys.
We need to file amended Articles of Association with the Secretary of State in Wyoming to have this reduced a more sensible number as previously stated.
Have we issued any, or are we planning to issue any, additional shares of your Company’s Common Stock? The answer, is NO.
Are the number of your Company’s outstanding shares of Common Stock as detailed in our recent Form 8-K Filing unchanged? The answer, is YES.
2. THE SITUATION IN RESPECT OF BOTH BOUSE GOLD, INC. AND SOUTH COPPERSTONE, INC. WITH THE SECRETARY OF STATE IN WYOMING:
Both Bouse Gold, Inc. and South Copperstone, Inc. require reinstatement with the Secretary of State in Wyoming (as detailed in our recent Form 8-K Filing).
Does the state of these Companies at this time affect the ongoing negotiations to dispose of your Company’s interests in both the “Bouse” and the “South Copperstone” Gold Properties? The answer, is ABSOLUTELY NOT.
3. WILL YOUR COMPANY PUBLISH UPDATED DETAILED REPORTS ON THE “BOUSE” AND “SOUTH COPPERSTONE” GOLD PROPERTIES:
The answer is NO. We are at time engaged in very sensitive negotiations to dispose of your Company’s interests in both of these Gold Properties and the public release of sensitive confidential information of type will in all likelihood, prejudice this process..
This sensitive and detailed data and information is only provided to qualified, prescreened and interested parties with whom your Company is negotiating (or with whom we are prepared to negotiate); this sale process.
We remind our stockholders that we have Partners in both of these Gold Properties and we are obliged to take their wishes into account, if we are all to achieve a swift and mutually beneficial sale of these two Gold Properties.
4. WILL THE DECLINE IN THE GOLD PRICE ON FRIDAY DECEMBER 4, 2009 AFFECT THE ANNOUNCED MINIMUM PRICING OF THE SALE OF THE COMPANY’S GOLD INTERESTS:
Absolutely not. Your Company views this temporary decline in the price of Gold on Friday December 4, 2009 as a healthy and a normal market correction. We see a Gold price of US$1,100/oz as completely acceptable.
The decline in Gold to a price of US$1,169.50/oz is not material and has no effect whatsoever upon the pricing in respect of your Company’s negotiations to dispose of its interests in the two Gold Properties.
The price of Gold reached a NEW ALL TIME RECORD HIGH this week of US$1,226.50/oz.
Your Company’s Management restates its comments on the price of Gold:
However, Gold, as a commodity, is extremely volatile and could very easily retrace in pricing over the short term or it could conversely continue to rise, this being very much dependent upon the continued decline in the US Dollar and upon increased Central Bank purchases of Gold Bullion.
Whilst the demand and the outlook for Gold Jewelry remains weak, the ever increasing popularity of investing in the Gold ETF’s (Exchange Traded Funds) which purchase physical Gold; coupled with a predicted decline in Gold production in the coming years and with Gold now being seen as “The Ultimate Safe Haven Asset Class” in these troubling and uncertain economic times; could well result in the continued upward trend in the price of Gold, in the short term.
The price of Gold will continue to be tied primarily to the prevailing strength or weakness of the US Dollar against other major global currencies.
Your Company’s Management takes the view that a price of US$1,100/oz for Gold is sustainable over the medium to long term with the price of Gold consolidating at a price of US$1,200/oz in 2010.
In short, the higher the price of Gold, the greater the price that your Company’s Management will be able to secure in respect of the sale of your Company’s interests in the two Gold properties.
CAUTIONARY NOTE: The comments on the price of Gold are the solely the views of your Company’s Management and its Advisors and should not, under any circumstances, be viewed as accurate; nor should they be acted upon. Any trading in Gold, Gold Derivatives or in Gold Exchange Funds should not be undertaken without expert advice.
5. YOUR COMPANY’S MANAGEMENT’S VIEWS ON RECENT POSTINGS ON INTERNET STOCK CHAT FORUMS:
Yes, we are dismayed and saddened by these unprovoked and malicious attacks against your Company by certain “posters” on popular Internet Stock Chat Forums. We share the anger expressed by our stockholders in their many E Mails to us. Yes, we are under pressure to act; primarily from extremely influential stockholders and Loan Note Holders in your Company. The vicious and incredibly personal attacks on certain persons whom are both extremely influential and important to your Company; is naturally very distressing to them and is not helpful in our maintaining cordial and open relationships with these Individuals. They may choose to take appropriate action in their own capacities; a position that will not be supported by your Company.
Fortress Financial Group, Inc. upon some reflection, has decided to maintain its stated position (which I will paste below) on these Internet Stock Chat Forums.
Your Company, its Management and its Advisors have for a long period of time been subjected to attacks on the popular internet stock chat forums. We, like all other Public Company representatives have resented and rebelled against these attacks, particularly if untrue or extremely personal in nature. However, your Company’s Management has realized that these internet stock chat forums serve a valuable purpose in the facilitation of the exchange of information; and of free and frank discussions between Company stockholders and others interested in a Company’s stock.
No longer will your Company’s Management view these Internet Stock Chat Forums with disgust and horror. Our policy, going forward, will be one of, “no comment”, to those who contact ourselves begging that we do something to prevent these attacks upon their Company. Whilst we have enormous sympathy for our stockholders as they watch their investment in their Company being damaged by various members of these Internet Stock Chat Forums, we as your Company’s Management, will be responsible for delivering upon our promises thus negating these attacks upon your Company.
We wish to remind our stockholders that there are many supporters of your Company, who loyally express their support and share their information, often the results of extensive due diligence; for your Company on these Internet Stock Chat Forums.
We must remember that one of the United States of America’s most cherished and enshrined Constitutional rights, is that of Free Speech, guaranteed by the First Amendment.
AI
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