Replies to post #120321 on Fortress Financial Group fka FFGO

[paunch13]

Dich
What you are saying makes a lot of sence because these note holders would never accept shares for the money they are owed unless they believed this deal was going through and soon
John

[SevenTenEleven]

MM's trying to keep this at $0.0001 are only helping the note holders to get shares at $0.0001 and helping those of us adding to do the same. The company will only pay out a dividend to the actual shares that are issued and outstanding. Any fake shares or duplicate shares due to shorting will force brokers to collect/cover in order to earn the dividend. Will be a fun one to watch.

[bobbybdb]

Dich, Exactly and to add to your comments, those debt holders are now not receiving the $20,160.00 in interest for the sake of holding UN-Registered shares, that at this time cannot be traded, so has no negative effect on the float.

[diamondguru-one]

great work Dich !!!

Posted by: Dich Date: Tuesday, May 11, 2010 12:04:00 PM
In reply to: diamondguru-one who wrote msg# 119999 Post # of 120382

Diamondguru-one how is this to back you up??

Possible pricing for this sale
FFGO filed an 8K back on Jan. 15, 2009 that gave details for the sale of both Bouse and S. Copperstone to Hurasu Resource Corporation. Now I know that sale did not go through, but I am using the stated sale prices as a starting point.

They were going to pay (in shares) as stated in the 8K:
$0.76 for every 1 share of Bouse, = 510,537,026 shares x .76 = $388,008,139.76
$0.25 for every 1 share of S.Copperstone = 1,030,421,001 shares x .025 = $257,605,250.25

The price of gold in Jan 2009 was about $920.00

By doing the math we can determine a quantity of gold represented by the total sale price of the stock, and that gives us:
421,748 oz of gold at Bouse ($388,008,139.76 / 920 = 421,748)
280,006 oz of gold at S. Copperstone ($257,605,250.25 /920 = 280,006)

I've seen estimates that show much higher quantities.

Current sale:

The Company can confirm that the sale of its 510,923,545 shares of Bouse Gold, Inc. Common Stock and its 1,030,421,001 shares of South Copperstone Common Stock will not equate to a net amount that equates to an amount that is lower than the amount of US$0.003 per share of the Company’s Common Stock.

Stated gold price for this sale = $1050.00

Bouse 421,748 oz x $1050 = $442,835,376.90
S. Copperstone: 280,006 oz x $1050 = $294,005,992.13

Add the two together = $736,841,369.03

Current FFGO A/S = 75,000,000,000

$736,841,369.03 / 75,000,000,000 = .0098 PPS adjust for current gold price say 15% as stated in the latest PR = .0113 PPS – outstanding loan notes and accrued interest.

.009 to .012 CASH!

JMHO