Great post, Seven!
For those in the US, I hope everyone has a Great and Safe Labor Day Weekend! For those outside of the US, have a Great weekend as well.
Best,
V
SevenTenEleven Member Profile SevenTenEleven Member Level
Share Friday, September 02, 2011 5:15:00 PM
Re: alien42 post# 181962 Post # of 182557
the problem is that many support the real crooks and then point fingers in the wrong direction - alien42
Correct. Those shorting companies such as FFGO often point fingers at the company, its officers, its directors, and its shareholders.
The appearance of dilution is often massive massive amounts of naked short selling. Most companies are forced to reverse split to defend against such "capital" and criminal attacks.
Not this time for FFGO. They figured out a way around shorty's tactics. They have issued Preferred's that are not currently registered. These Preferreds sit safely with the TA awaiting a cash settlement for them. Once the cash is received, we will not only get our $0.003449 (minimum) dividend, we will also get our annual interest payment of $0.0001347/common share.
Looking forward to our payday.
Those short will be forced to pay out cash to all of the factitious shareholders they have created. They will also, most likely, be forced to cover their shorts well above the negotiated dividend price.
Sloane didn't buy shares for $0.0035 for nothing!
With so many scam companies out there, one would/should be happy to see shareholders finally getting what they deserve as far as very generous returns!
Good Luck!