More buying on FFGO .0001(linked posts).Thanks for the reminder K-SQUARED™ . 23.869B shares repurchased,not including the 7/16-7/17 purchases. ============================================================= The closer the cost per share gets to .0002,the better.Might be able to time out an entry point?
The purchase,announced on 7/7 of the 16.2B shares for $2.04M Each share cost the company 0.00012617283950617283
Purchases announced on 7/10 of 7.66B shares for $1,106,0000 Each share cost the company 0.0001455263157894737
============================================================= Company Confirms That the Company Has Repurchased Additional "Free Trading" Shares of Its Common Stock
NEW YORK, NY--(MARKET WIRE)--Jul 18, 2008 -- Fortress Financial Group, Inc. (Other OTC:FFGO.PK - News) confirms that the Company has repurchased additional amounts of its "free trading" shares of its Common Stock on July 16, 2008 and on July 17, 2008. ADVERTISEMENT
The Company will continue to repurchase "free trading" shares of its Common Stock today, July 18, 2008 and thereafter.
The Company's outstanding shares of Common Stock as of July 10, 2008 were in the amount of 35,281,766,809. The Company has as of July 10, 2008 reduced its outstanding shares of Common Stock by an amount of 40.35%. The Company will announce on Monday, July 21, 2008; the additional shares of its "free trading" shares of Common Stock repurchased.
The Company intends to continue its buyback of its shares of Common Stock; and remains extremely committed to a vastly reduced number of its outstanding shares of Common Stock and a considerably diminished "free float."
The Company is filing a very detailed Form 8-K with the SEC on Monday, July 21, 2008 in respect of the share buybacks on July 16, 2008, July 17, 2008 and on July 18, 2008.
=========================================================== Fortress Financial Group, Inc. -- Further Stock Repurchases Thursday July 10, 8:30 am ET
Company Confirms That a Further 17.84% of Its Outstanding Shares of Common Stock Have Been Repurchased and Cancelled
NEW YORK, NY--(MARKET WIRE)--Jul 10, 2008 -- Fortress Financial Group, Inc. (Other OTC:FFGO.PK - News) confirms that the Company has repurchased an additional amount of 7,660,000,000 "free trading" shares of its Common Stock on July 8, 2008 and on July 9, 2008. The amount of 7,660,000,000 "free trading" shares of Common Stock are now being cancelled by the Company's Transfer Agent. This represents a further 17.84% reduction in the Company's outstanding shares of Common Stock. ADVERTISEMENT
The total cost to date of this repurchase of the Company's shares of Common Stock was in the amount of US$110,610,500.
On July 7, 2008, the Company announced that it had repurchased and cancelled an amount of 16,209,083,248 shares of its Common Stock at a cost of US$204,456,256.
The Company has to date, repurchased and cancelled an amount of 23,869,083,248 shares of its Common Stock at a total cost in the amount of US$315,066,756.
The Company's outstanding shares of Common Stock as at July 10, 2008 are now in the amount of 35,281,766,809. The Company has to date, reduced its outstanding shares of Common Stock by an amount of 40.35%.
The Company's Net Asset Value at July 10, 2008 is valued in the amount of US$500,270,294. This translates into a Net Asset Value per Share in the amount of US$0.01418 (1.42 cents) based upon the number of the Company's outstanding shares of Common Stock now being in the amount of 35,281,766,809. This compares to market price per share of Common Stock in the amount of US$0.0001. This valuation excluded the value of the Company's intangible assets and the Company's stockholdings in St James Capital Holdings, Inc.
The Company has marked down its valuation in respect of its stockholdings in Hunt Gold Corporation to a price of US$0.001 per Hunt Gold Corporation share; for the purposes of this calculation.
The Company intends to continue its buyback of its shares of Common Stock; and remains extremely committed to a vastly reduced number of its outstanding shares of Common Stock and a considerably diminished "free float."
The Company is filing a very detailed Form 8-K with the SEC in and during today, in respect of these transactions.
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