Replies to post #143445 on Fortress Financial Group fka FFGO

[Vianna]

EXCELLENT Post, Alan! Good morning!

V


Posted by: AlanC Date: Wednesday, July 28, 2010 9:53:29 AM
In reply to: AlanC who wrote msg# 143437 Post # of 143446

Common sense works for me:
Some things to think about:
Look at some of the "key" players connected to FFGO and ask yourself are they crooks as some maintain?

Mr Bezzano: CEO and barrister
Mr. Lumb: Described as a billionarire by some of his critics.
Mr. Lowenthal Successful businessman
Mr. Santini: Aspiring actor
Mr. Wolfin: CEO of two publicly traded mining companies

Common sense tells me these men would not be willing to ruin their reputations and face jail sentences for defrauding thousands of shareholders in a penny stock.

Gold resources that are being sold: Those that have tried to claim
FFGO does not have any, have been proven to be wrong time and time again.
Furthermore, to claim same and not have them would be a criminal act and common sense dictates they would not do that.

Short or not short? Many have claimed there is a zero short position here because if there were one it would show up on the SHO list, while the other side claims the short position not only exists but is monstrous and that it does not show on the SHO list because the abusers are gaming the system via ex clearing. At this time neither side can prove their claims, however, because two former SEC Chairman,Pitt and Cox both claim abusive naked shorting is a problem coupled with the fact that Germany as of 7/26/10 has banned naked shorting in all their markets solidifys the common sense case that a naked short does in fact exist here.

Just some common sense thoughts to ponder while we wait for our divy announcement. Go FFGO!!!

[Tavycal]

No there is no short in FFGO proved buy the bi-monthly OTC reports. Although every trade is reported on the tape, there are those who claim a NSS. All trades appear on the tape,therefore, traceable. There is no Mr Shorty.

[greenman1515]

Alan - the same things were said about bernie madoff before his world came crashing down...i, as well as many on this board, were involved in a pink mining venture recently where all the EXACT things were said...well they are all in court and many people lost thier butts on it because they believed there was no way all those names could be involved if it was legit...im still not 100% which way this will go but ive learned that commen sense is all perception...jmo...have a great day...

[janice shell]

Many have claimed there is a zero short position here because if there were one it would show up on the SHO list, while the other side claims the short position not only exists but is monstrous and that it does not show on the SHO list because the abusers are gaming the system via ex clearing.

Maybe this time you'll read it:

Ex-Clearing Comparison

"Ex-Clearing" simply means that the trade comparison process is performed without the services of an electronic clearing house. Ex-Clearing is a manual comparison process that is performed by the brokerage firm’s Purchase and Sales Department when the traded security does not meet the eligibility standards of the designated clearing corp.

The Ex-Clearing clerk in the P&S Department sends or faxes a standard comparison form – a "Comp" – to the P&S Department of the contra broker. The standardization of the trade Comp is provided for under New York Stock Exchange Rule 101. Rule 101 requires firms to include the following trade details on all manual comparison forms:

Trade Date
Settlement Date
Security Traded
Quantity Traded
Transaction Price
Accrued Interest (Fixed Income Only)
Net or Settlement Dollar Amount
Due to standardization set forth under rule 101, the term "101" is used synonymously with Comp to refer to the manual comparison form. The result is a compared Ex-Clearing trade.

If the contra broker agrees with the specific trade details on the Comp, the Comp is signed and returned to the originating brokerage firm.

On settlement date, the firm’s Settlement area will create a Fail Record on the firm’s accounting books and records to represent the open receivable or deliverable. The Settlements department will ‘set-up’ a Fail-to-Deliver for securities sold to another firm, and a Fail-to-Receive for securities purchased from another firm.

The transaction is concluded when the selling firm delivers the sold securities to the buying firm, and the buying firm pays the selling firm for the delivered securities. At such time, the open fail record is removed from the firm’s books and records. The ultimate removal of the open receivable or deliverable is referred to as a "Clean-Up".

If the contra broker does not agree with the specific trade details on the trade Comp, the contra broker will "DK" the Comp. DK is a brokerage industry acronym that stands for "Don’t Know". Upon receiving a DK notice, the P&S Department must refer the item back to the originating trader for investigation and resolution.

http://www.brokerage101.com/comparison.html