Replies to post #5530 on Fortress Financial Group fka FFGO

[wu h]

I do not know, as I know one of the 10 M loan (now have been canceled) before for one of the ten projects can buy whole shares of gwgd now.

[shortchange]

for those asking what is GWGO worth:
here are some calculations of value based on the info provided in the Dec 05 PR from GWGO... combined with recent PR info.. keep in mind gold price is higher now...

Mining Spin 1 (Bouse, Copperstone & Golden Eagle) management has been selected

the spin is GWGO's interest in Western Diversified Mining.... 71.43% which controls these subs..
Sub values as per 12/05 PR
Bouse $166,000,000
Copperstone $166,000,000
Golden Eagle $166,000,000
$498,000,000


Mining Spin 2 (Mockingbird aka Sentinel, Bonanza, Ambassador) management has not been selected
the spin is GWGO's interest in Western Diversified Mining.... 71.43% which controls these subs.. combined with the 100% interest in Bonanza.
Sub values as per 12/05 PR

Ambassador $$166,000,000
Mockingbird $$166,000,000
$332,000,000

Bonanza value undetermined..

so by my calculations, the co assets currently are approx $590M + not counting bonanza and the acquisition that has not really taken place since it hinges on an auditor that has not been identified as of yet. recent PR said no debt...