HUGE DD & Reasons to BUY into FUEGO(FUGI)!
1. NO INSIDER SELL OFF...From the inception of Fuego Entertainment and subsequent to the name change to Fuego Enterprises, CEO Hugo Cancio has never sold a single share of his original 19 million shares along with an additional 5.5 million shares issued to his wholly owned predecessor company, Ciocan Entertainment. Those original 24.5 million shares were issued in certificate form with a restriction legend attached. The original share certificates have never been sold, transferred or deposited into a trading account. The shares still reside in certificate form with the restriction legend in Mr. Cancio's portfolio. OWNERS have paid as much as .22/share!
2. NO DILUTION...The company has not entered into any type of financing, toxic or otherwise, from the inception of the company in 2005. At times in the past, the company has considered various financing options but has never consummated any of them. At this time, the company is in a good financial position and has no intention in the foreseeable near future of entering into any type of capital financing
3. SOARING REVENUES..ZERO DEBT...Over the last calendar year, the company has earned about $2 million in gross revenues. Revenues over the last calendar year are several times greater than in any year since the company's inception in 2005. The company expects to earn much greater gross revenues during this coming calendar year due to the fact that the 2011 concert schedule has an increased number of bookings over this previous year, and other scheduled special events that will be announced in the near future.
4.SHARE REDUCTION/RETURN TO SEC as a FULLY REPORTED COMPANY...Management of Fuego Enterprises is in the process of implementing a series of strategic actions to benefit the company and improve shareholder value:
>All outstanding unaudited financial statements to be filed by the end of Jan. 2011.
>Appoint a new SEC approved auditor to audit all unaudited financial statements with the goal of returning to SEC fully reporting status which is required for returning to the OTCBB.
>Reduce the Authorized Shares to a total of 100 million.
>Return to the treasury and cancel at least 800 thousand outstanding shares.
5.2011 More then Doubled Concert Bookings...Fuego proudly announces that it's Fuego Entertainment division has currently scheduled more than 70 concerts in clubs and concert halls throughout the US with additional contracts in negotiation for 2011. This enhanced schedule and additional artist participation compares to only 38 concerts held during 2010. In addition Fuego Entertainment is producing the first ever Fuego Entertainment Cuban Music World Festival, featuring an all star Cuban music lineup, to be held in the Miami area this spring. The venue for the music festival will seat 60,000 people. Complete details for the music festival will be announced next week. Fuego Enterprises believes the combination of the music tours already scheduled, additional concerts that will be scheduled during 2011 and the first ever Fuego Entertainment Cuban Music World Festival will generate substantially increased revenue than 2010. In addition, as the result of these tours, management also expects a substantial increase in merchandising, CD's and digital music sales during 2011.
6. CURRENT FLOAT PRIOR TO REDUCTION....9.96 MILLION with a Market Cap of 2.2 Million....ARE YOU KIDDING ME!
7. New Cuba Travel Regulations Announced by the White House
Thank you, Mr. President. After this summer’s buzzing rumors regarding some kind of White House action, the Obama Administration has today announced new regulations governing U.S. citizen travel to Cuba. It is a large step forward, and comes in the wake of a disappointing missed opportunity by the Congress to change the law. We congratulate the White House on their forward-looking decision. And we congratulate all of you for the hard and dedicated work you contributed to this achievement. Thank you, Cuba Advocates!
Here’s what we understand new travel regulations will do (check out our blog next week for specifics and/or revisions):
Expand purposeful travel by providing general licenses for religious, educational/academic, and cultural travel to Cuba; Provide specific licenses for people-to-people travel similar to the licenses that were provided from 1999-2003; Allow for non-family remittances of $500/quarter for private entrepreneurial activities, cultural activities, etc. – such remittances may not be provided to senior members of the Cuban government or members of the Communist Party; and Expand charter flights from the United States to include all U.S. international airports (i.e. all U.S. international airports may apply to have charter flights depart from their site). Last August, rumors circulated among major news sources, such as TIME Magazine, New York Times, Miami Herald, and Bloomberg News that expanding travel regulations to allow for people-to-people travel was on the horizon. The rumors have now been put to rest, and we can soon anticipate expanded travel opportunities once the regulations are published in the Federal Register (in a couple of weeks) and after a two-month comment period has been completed. We clearly see this announcement by the White House as very positive step in the right direction, and we look forward to a surge in travel to Cuba and a move to encourage the Congress to finish the job and actually change the law.
More contact between citizens from our two countries serves the interests of everyone. We should all take time to celebrate this action by the Obama Administration, and let’s begin making our travel plans! We hope that soon the Congress will see the wisdom of taking further steps to open travel to Cuba for ALL U.S. citizens.
If I missed anything I apologize but this shows more then enough, especially when the current PPS is on .05 cents, and a true valuation is around .25 cents, and IMO we could be more into a $1.00 if you treat this as an INVESTMENT instead of a Daytrade.....We don't have Gold but we are Truly Golden, we don't have to strike Oil, and we are not controlled by The Big Banks of America, We are SIMPLY in LOVE with MUSIC and ENTERTAINMENT, something EVERY HUMAN ON EARTH LOVES reverts to even when times are tough! IMO
PS WE ARE DEALING WITH A REAL COMPANY who has released more PRs in one month(January 2011) then any other time period! Hugo Cancio is a MONSTER(in a Grrrreat Way!!
PSS MUST READ
Cuba Business Development Group, Inc.
HINT LOOK WHO THE CEO IS...YOU GUESSED IT HUGO CANCIO!
SnapshotPeople Company Overview
Cuba Business Development Group, Inc., a development stage company, focuses its operations on providing consulting, sales representation, and marketing representation to the entertainment industry, public companies, and private companies from Cuba interested in establishing business contacts in the United States. It offers management consulting, investment banking, fundraising, and direct investing services. The company is based in Miami, Florida.
8010 NW Terrace
Miami, FL 33018
United States
Phone:
305-823-9193
Key Executives
Mr. Hugo M. Cancio
Chief Executive Officer
Age: 43 Mr. Ed Steinback
Chief Financial Officer
Age: 46 Mr. Ariel Machado
Vice President of Operations and Director
Age: 38
Compensation as of Fiscal Year 2010.
AI
