Replies to post #138208 on Fortress Financial Group fka FFGO

[Militia Man]

Nor do I.. Simple stuff. Good points.

Rocket Man, no discount. Sparky would agree,imo.. Look at how much interest they get from those NOTES!!! lol

"I don't understand everyone's confusion. The form 8-K's filed on May 10th and June 3rd were for "ISSUE OF SHARES OF COMMON STOCK IN PARTIAL SETTLEMENT OF AN OUTSTANDING LOAN NOTES". The debtors accepted shares of common stock for partial settlement. That means that FFGO still owed them money. Sloane Investments bought "all of the outstanding Long Term Loan Notes complete with accrued interest due by the Company". That means that what was not settled by shares of common stock was bought by Sloane Investments. Is that so hard to understand? In separate transactions Sloane Investments bought shares of common stock and bought the outstanding debt of FFGO."~pblue