Fortress Financial Group fka FFGO

[pblue]

You missed the point. The original poster said Sloan was dumping shares. Do you agree that dumping is selling? Would Sloane buy all those shares and then sell for .0001 before qualifying for the dividend? That is what the original post was about. It would be smart to buy and hold until qualified for the dividend. I would buy and hold for the divy, but I wouldn't pay all that money to turn around and sell for .0001 before I qualified for the divy.

Posted by: poohbah61 Member Level Date: Thursday, August 05, 2010 6:59:57 PM
In reply to: pblue who wrote msg# 148887 Post # of 148932 Send a link via email Share on Facebook Tweet this post
pblue:

For easy math, lets use these numbers:

1. Sloane immediately buys 17b shares @ .0035 for roughly $59,500,000 to gain sole controlling vote in how the dividend is to be paid. They at this point have a lot of "say" in the divy.

2. Then Sloane buys an additional 15b shares at market (.0001) which takes a while to do, for roughly $1.5 dollars. They now have 32b shares

3. Sloane then votes that all shareholders gets a "Cash" (it's stupid to do otherwise) divy at .003427.

4. Sloane at this point is out $62 million dollars and plus a little change for the existing notes, so for sake of argument $65 million bucks.

5. Divy for .003427 X 32 billions shares (and that's providing they own no more, but they likely do) which gives them $110 million dollars.

Now, you tell me...wouldn't YOU do that deal?

Pretty good take home for a months work.