Replies to post #28826 on Fortress Financial Group fka FFGO

[stressfreeliving]

That is a good question

Why doesn't the company just retire shares or buy them back themselves instead of accepting a "loan"?

I am sure the loan comes with "conditions" or terms. What are they?

Just asking out loud.

: )

[SpaDe]

Yes but he stated that he would not use any of FFGO's finances to purchase shares of HGLC. So to make good on his statement he takes out a loan for 50mil using the exhisting HGLC shares as colateral so that FFGO in the event of a default on the loan is not responsible. I think that was a wise move IMO.

[CRDonbray]

I'm sure there is much much more to it than that. There is a strategy behind everything they do and I'm sure they thought of that. There is something more going on here than what we see on the surface..in my opinion.