Replies to post #53952 on Fortress Financial Group fka FFGO

[Lazytncajun41]

that was only if they FFGO used the funds

[DERBENSKI]

'prisoner'

What??? Are you saying that you trusted Santini to hold your Hunt Gold dividends and then he went and PLEDGED your dividends as collateral on a loan? I do not believe that he has the right to encumber someone else's property held in trust. I believe that there are laws against doing such things. Perhaps a couple of lawyers on the BOD might not be such a bad idea after all. Lawyers are all too familiar with what happens if they violate or use funds held in trust for a client, if they get caught, they can get disbarred.

Derb

[wjw2sq]

ffgo can dump all HGLC shares in the market, and St James cannot get and shares but only the one they hold.

[crashman]

You got it! There is a back door that allows them to weasel their way out of paying any "dividend" to shareholders and get away with it. I guess they know that by december 31 their gig is up anyways and from looking at the sp it might be sooner.