Fortress Financial Group fka FFGO

[SevenTenEleven]

FFGO - Put those sell orders in LONGS!

Pension Financial and/or their short selling client are going to be forced to cover immediately!

WILL VARMIT BE CORRECT?!?!?!

Accordingly, effective immediately, PFSI (Pension Financial Services, Inc) one of the largest clearing houses, will impose the following changes to its house requirements:

Opening transactions in non-listed stocks (i.e. Pink and Bulletin Board Stocks) trading below $1 will no longer be permitted.

Closing transactions for existing positions in stocks below $1 will be allowed for liquidations that close open positions.

For any existing short positions, it is necessary to begin to immediately close out such short positions in an orderly, but expeditious manner.

PFSI will no longer accept deposits of sub-penny stock (equity securities priced below $0.01) utilizing the following methods of deposit:

1. Any form of Physical Certificate Deposit

a. Through the Penson SPS application (Securities Processing System)

b. Through the Transit System (TNST)

c. Via Mail

2. DWAC (Deposit/Withdrawal at Custodian)

3. DRS (Direct Registration Service)

4. ACAT Transfer of Restricted Stock (although, we will continue to accept
deposits of sub-penny stocks without any restrictive legend via ACAT)

PFSI recognizes that these new requirements pose certain challenges, however this decision is not negotiable. Our policy to cease processing deposits for these securities is an effort to reduce the exposure to both PFSI as well as its Introducing Broker-Dealers correspondents related to these securities.

Tic Toc!