Fortress Financial Group fka FFGO

[RoadLessTraveled]

Yeah, and try to get a copy of the mining claims valuation on which that 3400% dividend is based. Bigfoot's personal home videos are easier to find.

FFGO management somehow got investors to believe, on just their word alone, that the BGI & SCI shares they held, a minority holding at that, were worth at least $258,000,000.

Yet, there are so many even today who do not appear to be very upset that FFGO had then sold that quarter billion dollar "asset" to NMGL in late 2010 for their unregistered Preferred shares which, after almost 2 years now, are still worth exactly...

absolutely nothing.

Zippo.

Nada.

Zilch.

A big goose egg.

Isn't that kinda like accepting an unsigned check for the sale of your house? Try depositing that in the bank and see what the teller says!

"Men with splendid credentials designed a bulletproof plan to protect the assets" - AlanC

Bulletproof, my ass!

Sorry, but if those BGI & SCI shares had been worth that much money, then FFGO management is actually guilty of defrauding investors by getting nothing of legal value in return for the only assets they had.

Remember, unregistered shares cannot legally be traded so what Western Diversified has in its accounts remains worthless...

right up until the time when BGI & SCI are permanently dissolved by WY SOS and those companies' shares legally disappear, both which will happen next year on March 12...less than 4 months from now.

Once that takes place, those Preferreds being held by WD for FFGO will become completely meaningless since NMGL will no longer have those BGI & SCI shares to sell in order to cover them.

Why is it so difficult to understand such a relatively simple concept?

In the meantime, management pocketed the proceeds from the sale of up to 85 billion shares of company stock...and then walked/ran away.

Who are the winners & losers here?

Here's the score after Two Events...

FFGO Scammers: 1
FFGO Victims: 0

Want proof? Compare your brokerage account's value of FFGO shares with the estimated value of all the FFGO shares that had been sold by the company until revocation in December 2011.

Facts can be such a bitch.

The rumors claiming divvy coming and FFGO still in business are just what they are

nothing but worthless RUMORS ..

ZERO facts to back up any of the worthless RUMORS

When asked to provide proof of the worthless RUMOR .. one gets in return instead of the proof

another worthless RUMOR of the phantom NSS as the explanation and excuse

- puppydotcom