Replies to post #58213 on BB's Stock Haven

[growacet]

tarantuala99 re FXGP...

Their last PR was May 17 when they announced they had:
"secured binding agreements to acquire two separate and distinct companies".

However there was a cautionary note right up front that said:

"The acquisitions are subject to financing which is currently being negotiated. No further details are being disclosed at this time regarding the companies being acquired, terms of the acquisitions and subsequent financing. Furthermore, until such financing is secured, there are no assurances that the deals will be consummated as planned. Upon completion of the financing, the company will disclose pertinent information regarding said transactions".

http://biz.yahoo.com/bw/040517/175770_1.html

Assuming the financing goes thru and then depending on the companies being acquired there could be some great news coming. Who knows? This is the OTC and alot of people regard it as a crap shoot for good reason imo. Regardless it doesn't appear to me as though there's been any mass exodous in terms of FXGP money flow. Quite the opposite in fact in my opinion.



Best case scenario as I see it...Financing goes thru and at least one of the companies being acquired has revenue.

Worst case imo is no financing and no acquisitions.