Fortress Financial Group fka FFGO

[OldBen]

Thank you, that is quite an interesting story. It is hard to imagine that brokers got away with staggering the time and the price of HGLC opening day share distributions. Everything you said about Facebook in your example is true also. Facebook WOULD have fallen below the IPO (initial price offering) share price of $38 on its FIRST day of trading!!! Market Makers/brokers/underwriters bought every single share that anyone requested on the first day. It may be part of the reason that they opened trading late that day for Facebook stock. It was a committed, guaranteed thing for the IPO. That's why the low and close was at the IPO price the first day. The NEXT day and many days after, the price fell day after day. Thanks for the post...!!!

I have heard all kinds of theories to try to explain away 90% short volume. Best case scenario, these explanations might have happened sometimes. Not everyday for years on end. I would agree that no other stock has been shorted like this. But, FFGO like HGLC appears to be on the ignore list. I don't think that any filing by NMGL will change that. I don't know, besides legal or regulatory action would compel any change.