Fortress Financial Group fka FFGO

[Vianna]

Brad, What it means is the substantial shareholder could sell it to someone else "at any time," and they would become an "Affiliate" and have the restriction. It does not mean, he can sell it without restrictions on the market, as you may have interpreted. I can see why that would cause confusion.


"They are now an Affiliate and therefore will be bound to disclose all additional purchases of the Company’s shares of Common Stock. Furthermore, they are not permitted to dispose of in excess of 1% of the Company’s shares of Common Stock, every ninety days. "

V


Posted by: Brad S Date: Wednesday, June 30, 2010 9:54:53 PM
In reply to: Vianna who wrote msg# 132209 Post # of 132535

The 13D reads a little differently than the FAQ page, V.

The Reporting Person has acquired the Common Stock reported by it for investment and it has sole investment power and voting power with respect to the Common Stock reported by it. The Reporting Person acquired the Common Stock because it considered the Common Stock to be an attractive investment opportunity. The Reporting Person may make further acquisitions of Common Stock from time to time or to dispose of any or all of the shares of Common Stock held by it at any time.