Fortress Financial Group fka FFGO

[diamondguru-one]

.009/.012 Cash ????Hmmmm WONDER how close I'll be ????:>)

Posted by: briantek Date: Wednesday, February 03, 2010 4:05:53 AM
In reply to: None Post # of 106

Post this on FFGO Please Tex

75,000,000,000 A/S as of 2/2/2010
36,562,377,817 O/S as of 2/2/2010

$310,000.00 left in debt to Searchlight
$924,000.00 left in debt to Abaxis

3 Billion shares to be canceled still.... I am leaveing them in for now...

Now... They gave an example...

If the deal was worth 100 Million then the reward would be about .003 per share in divi (I have seen in a few 8K or PR's the term Liquidation Dividend... Sale of the company included)

This is an arbitrary number they set for example and NOT to be used as a basis of consideration for this sale.

IMO below...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44259716 - big time revised below...

Bouse mine is a 14 lode and 12 placer claims and south copperstone is a 1 lode claim and 36 placer claims.

How many shares of Bouse do we have? 510,923,545 shares of a 14 lode claim

Open the iBox and read... 519,497,456 shares of bouse sold for $302,607,268 to finance some of the repurchases of stock.

How many shares of South Copperstone do we have? 1,030,421,001 shares 1 lode claim

Now... a 14 lode claim is worth more than a 1 lode claim. Obviously...

Respectfully 1/2 the shares in Bouse went for say a round number of... $300,000,000 (price of gold was a lot lower...) - If 14 lode v/s 1 lode is 14:1 in price (just using this as an example) then South Copperstone could be worth ... $43,000,000 (300,000,000 / 14 = 21,500,000 x 2 = 43,000,000)

there are almost twice (2x) as many shares of south copperstone thus bouse figures times 2 in this equation...

Finally add 20% (68,600,000) for the gold rise since the sale of the shares... and you get (rounded) $410,000,000... This is a consertivative number I am sure...

Payoff HGLC divis...

An amount of 89,928,816 shares to distribute as of February 15, 2008 (90% paid) = rounded 9,000,000 @ 0.0046 each = $41,400 to be paid cash

An Amount of 91,814,461 shares to distribute as of February 15, 2008 (90% paid) = rounded 9,000,000 @ 0.00464 each = $41,760 to be paid cash

An amount of 224,712,962 shares to distribute as of February 15, 2008 (90% paid) = rounded 22,470,000 @ .01189 each = $267,168 to be paid in cash


OK... $410,000,000 IN...

The amount of US$4,285,855.65 as of 11/24/09 in loans
Minus $500,000 (converted restricted shares...)

$3,785,000 outstanding loans rounded
$ 41,400 HGLC divi (Golden Eagle Mining Holdings plc)
$ 41,760 HGLC divi (Ambassador Gold Holdings plc)
$ 267,168 HGLC divi (Sentinel Resource Holdings plc)

$4,135,000 (rounded) IN TOTAL DEBT

Call it $410,000,000 to be distributed...
-$4,135,000 debt including divi pay out.

OK call it $400,000,000 (there will be other BS expenses I am sure)

36,562,377,817 O/S as of 2/2/2010

Bottom line... .011 per share dividend for Bouse and South Copperstone...

If everything is bought... company, assets and such... it might be higher slightly... Maybe .015 per share divi... ALL IMO...

GO FFGO!!!

I believe I got all this correct... Please advise if something is incorrect.

Thanks and enjoy!

Briantek

http://www.pinksheets.com/edgar/GetFilingRtf?FilingID=6910960

http://www.pinksheets.com/edgar/GetFilingRtf?FilingID=7020310