The Company is very aware of their delinquent status and addressed it in their update. The way I see things... the principals have a lot to lose if the deal does not come to fruition. The Company set things up as they did with NMGL (our "White Knight") to protect shareholders, and that is what I mean by our dividends are "safe." Again, retail is a small piece of this pie and I continue to hope for the Best here. True... NMGL can cancel this dividend and that is why this continues to be a HIGH RISK. In my opinion, however, the greater risk is due to those that don't want this dividend to be paid.
Regardless, I have a lot of my $ riding on this because I (with many friends) are BIG RISK takers!
JMHO
V
Fortress has no cash; its Lenders are ceasing financial support, as previously announced. This means that any such support simply cannot be provided to stockholders. Fortress will now become dormant and no deal is likely to emerge to change this status, primarily due to Fortress being a delinquent filer with the SEC and is therefore an extremely unattractive “Reverse Merger” Candidate. In any event, Fortress cannot and will not entertain any deals of any nature until the dividend process is completed at a future date. In short, Fortress has now become dormant.
There is absolutely no doubt that at some point, the SEC will move the listing of Fortress from that of the OTC Pink Markets, Inc. to that of the “Grey Market” as it is a delinquent filer and does not qualify to become a “Non Reporting” Company due to the size of its stockholder base.
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