<<<<My reading of it shows me that FGFC has followed the letter of the law in obtaining 100 million shares in the past month>>>>
I think the reason they pulled the trigger and sold was because these 100 million shares weren't obtained last month. They are the shares that were purchased from previous management back in June / July that we already knew about. Those are the shares they have retired. We have only actually heard about 10 million shares of the public float being bought back. And I think those who sold are doubting that the company is actually buying shares at all. Taking into account the stock price movement and the seemingly endless supply of shares being sold by Hudson Securities and the fact that they have actually issued at least 30 million new shares to pay for something, I could see why they would be nervous and at least want to protect some of their investments. Remember, those guys claimed to have millions of shares - If I had that kind of cash in this, I would have sold too - at least a portion. I have always contended that the buyback would not be completed until Decemberish, and I have always contended that most on this board would probably make more money in FGFC if they had smaller positions. This is proving to be the case. Personally, I only have about 150,000 shares and I flip a portion of that. The money I have in this is play money and my flipping portion gives me the luxury of actually enjoying when the stock price moves down. To me, this glass is half full; well actually to me, it is only about 1/100 full. Good luck, it should be no surprise to anyone that we drift lower on news that the buyback completion has been delayed.
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