Replies to post #220648 on Fortress Financial Group fka FFGO

[mretgnol]

how did the os get reduced then?

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It's really not.

It's like when PCBM tried to claim they only had 600 Million outstanding and the SEC discovered they had 2 billion at the time...and later found they had dumped 24 billion unregistered shares.

FFGO is not telling the truth about the actual number they dumped.

Lumb pulled the old Savings and Loan scam from the 80's. He "borrows" money from a shell corp (which he owns). The loan is a convertible loan sham where the shares get dumped....by Lumb's shell corp. That's why the O/S ballooned to 6 Billion when he was claiming to be buying back shares.


It's like using your credit card to borrow money...to supposedly pay off your other credit card. All Lumb did was pass around bogus loans to himself and use the convertibles as a method to dump more shares.


Edwards did this same crap with PCBM and CMKX so he could dump 100's of billions of shares under 86 bogus bank accounts and multiple trading accounts.


Among the many other things they lied about over the years.