Replies to post #126928 on Fortress Financial Group fka FFGO

[moe_the_gyp01]

WhatDoesItAllMean, Let's just sanitty check that statement for the sake of intellectual honesty. The price of the “deal” over the past six months has gone from roughly 100 million to well over 222,000,000 based upon the most recent pricing guidance issued by ffgo. The justification for this increase is purportedly due to the price of Gold which over the same six month period has risen a modest 17% based on an approximate price of gold of 1050.00 circa the time of the initial statement of intent of management to dispose of its Gold interest to a gold price today of 1225-1230.

So, if I understand this correctly, by virtue of the ballooning outstanding shares and by virtue of this fact alone, the buyer is supposed to choke down an additional 122 million worth of purchase price despite the rather comparatively modest increase on percent basis in the price of gold? So, this purported company capable of absorbing this disconnected increase from anything rational with respect to the recent price of gold, and will do so mind you, with absolutely no objection can’t get its financial statements in order timely enough to have filed its 10k?

Yeah, this “deal” is as good as done. I’m just that gullible.

My one post for the day.

[oakcliff]

This guy is going for the "Home run!..we are at no bidand he only go 10 bil to go he doesn't care about what pinksheets says and he tell us shareholders not to care..the Done deal was done week(s) ago..FFGO's share are almost maxed out..They put out PRs where they can't add..the moderators changed the Outstanding Shares to 62+ bil as she said pr TA and not the Authorized Shares from 75 bill. It took her till , when last nite or this morning to to change it to 85 bill..everyone is slow on there math..and still at no bid..this New Substantial Stockholder appears after a raise in A/S shares and has days to file a 13 D...It will onlt take them ten days to sell 10 bil shares..