Billionaire Boys Club Member Forum (BBCMF)

[flemsnopes]

I will be attending the FPFX meeting in Reno, NV on November 16,2005 and will report any news on this board as soon as possible. You may review some of my former posts by going to my profile (flemsnopes) and reading about this interesting story. You will be amazed at what a dedicated group of shareholders has been able to accomplish. The following is from the companies preliminary proxy filing of 10/19/2005 which can be found under SEC filings for fpfx at pinksheets.com:

In March 2005, a group of shareholders filed a lawsuit in the District Court of the State of Nevada, styled Martin. et al. v. FirstPlus Financial Group. Inc. et al (the "Court Action"), asking the court to compel an election since Nevada law allows a court to compel an election if a company has not held an election of directors in more than eighteen months since the last election of directors. Since the Company last held a shareholder meeting in 1998, the Company agreed to treat the lawsuit as a valid request for a special meeting by shareholders in accordance with the Company's bylaws and insisted in its pleadings with the court and its discussions with the petitioner's counsel that all appropriate laws, regulations and procedures be followed in the conduct of the special meeting and election. The court ordered that an election be held on November 16, 2005 in Reno, Nevada. Although it was not required to do so, the Company has already paid the petitioners' attorney's fees in an aggregate amount of $25,000, which the parties have stipulated fully satisfies any and all requests the petitioners have made or could have made in the future concerning reimbursement for petitioners attorney's fees and expenses associated with the Court Action. In addition, although it was not required to do so, the Company has also agreed to pay printing and distribution costs for the petitioners' proxy materials in an amount not to exceed $20,000.

What am I voting on?

You are being asked to vote on the election of four directors. When you sign and mail the White Proxy Card, you appoint Robert P. Freeman and Jack (J.D.) Draper as your representatives at the meeting. When we refer to the "named proxies" in this proxy statement we are referring to Messrs. Freeman and Draper. This way, your shares will be voted even if you cannot attend the meeting.