Hey guys! I believe FFGO wants a restriction on the A & B preferred for many reasons. I believe, however, the following story is just one of the reasons... I have learned that SYNJ also faced/(still currently facing) problems dealing with NSS. (similar to our situation). SYNJ paid it shareholders divy and also placed a 1 yr. restriction on it stock...many of its shareholders were paid...except a few ( with brokerage like TDA due to short selling - according to the shareholders of SYNJ ...they have emails as evidences sent to them by TDA, admitting the problems with shorting. If you guys r interested you guys could search it on their board ). The PPS of SYNJ was/is trading almost the same level like FFGO (before no bid) & its O/S is about 20x less than FFGO...still Naked Shorties short the hell out of it...Just imaging FFGO with 75 O/S ...Hmmm...I guess they wouldn't take the advantages or opportunity and shorted/short a single shares out of FFGO! yea pure fantasy huh?
I believe the goal of issuing the A&B with restriction is to force shorties to cover...just imagine if FFGO issue common shares of another company without any restriction...then the same problem will likely occur...history will then repeat!(many companies use this method or strategy to deal with NSS). About the NNS as a pure fantasy...let me ask you guys this question...if you're a cop who's trying to catch or capture a thief, then would you go on live TV and announce ...Hey I know where you r & I will come to get u.
Furthermore, I also saw some of the people here with negative comments also posting negative stuffs in my SYNJ's board...Hmmmm....You guys know who I'm talking about...Since I can't use the "Bxxxxx' word to describe them...b/c if I do...my posting will be deleted...
But just in case if this will somehow magically be removed...could some of you guys kindly ...Please put it in your own words or copy/paste (do watever I don't care) and repost this msg. for others to read...TIA!
