Fortress Financial Group fka FFGO

[WhatDoesItAllMean]

I don't think it is a change of management's heart, rather finally finding a buyer. Once the company pays the dividend it is essentially out of business. There will be a "shell" corporation as a residual. The co. is free to then go into another type of business at a later point if it so chooses. The reason for the dividend is to release the intrinsic value of the company. The capitalization (number of shares time price) was less than the value of its assets, the gold mines. These anomalies happen occasionally. To release the value, the company is selling the mines and distributing the proceeds. The profit is the difference between what the company paid for the mines vs their value. For shareholders, each share will be paid $0.003449 but the value of the shares will then become worthless until such time that the company goes back into a business. If they don't then the shares remain worthless. HOWEVER, the profit to the shareholder is the difference between what was paid for each share vs the dividend. If the shares become worthless then it can be a tax write-off.