Replies to post #191563 on Fortress Financial Group fka FFGO

[alien42]

71011, thanks for the confirmation that FINRA will not allow FFGO to issue a dividend.

great DD

[puppydotcom]

lol, did you read this part?

Effective September 27, 2010, new FINRA Rule 6490 (Processing of Company-Related Actions) codifies the requirements in SEA Rule 10b-17 for issuers of a class of publicly trading securities

to provide timely notice to FINRA of certain corporate actions (e.g., dividend or other distribution of cash or securities, stock split or reverse split, rights or subscription offering).

FFGO is REVOKED

too bad
so sad

[ib12u]

If all that FIRNA nonsense was in "effect" then why are they, (in effect), so effectively ineffective on being effective?

They're all talk and NO action.

Funny how “AFTER” FFGO’s shareholders have incurred irrecoverable losses and this POS Company sat dormant and dead, that they then decide to revoke it?

Now this POS sits in CUSIP –Forever!

Best bet is to write it off on your next tax filings.

Better to get 60% of your losses back than to sit holding at ZERO! (Like you are now)

WRITE IT OFF!

AND DON’T DO THIS AGAIN!!! To yourself.

NOTHING WILL NEVER EVER BECOME OF THIS STOCK!

IT WILL NEVER TRADE AGAIN!

LOSSES HERE ARE PERMANENT!

MARK THIS POST!

[puppydotcom]

and sorry, this kills any such request by a closed down revoked sub penny company called FFGO

3) Deficiency Determination
In circumstances where an SEA Rule 10b-17 Action or Other Company-Related Action is deemed deficient, the Department may determine that it is necessary for the protection of investors, the public interest and to maintain fair and orderly markets, that documentation related to such SEA Rule 10b-17 Action or Other Company-Related Action will not be processed. In instances where the Department makes such a deficiency determination, the request to process documentation related to the SEA Rule 10b-17 Action or Other Company-Related Action, as applicable, will be closed, subject to paragraphs (d)(4) and (e) of this Rule. The Department shall make such deficiency determinations solely on the basis of one or more of the following factors: (1) FINRA staff reasonably believes the forms and all supporting documentation, in whole or in part, may not be complete, accurate or with proper authority; (2) the issuer is not current in its reporting requirements, if applicable, to the SEC or other regulatory authority; (3) FINRA has actual knowledge that the issuer, associated persons, officers, directors, transfer agent, legal adviser, promoters or other persons connected to the issuer or the SEA Rule 10b-17 Action or Other Company-Related Action are the subject of a pending, adjudicated or settled regulatory action or investigation by a federal, state or foreign regulatory agency, or a self-regulatory organization; or a civil or criminal action related to fraud or securities laws violations; (4) a state, federal or foreign authority or self-regulatory organization has provided information to FINRA, or FINRA otherwise has actual knowledge indicating that the issuer, associated persons, officers, directors, transfer agent, legal adviser, promoters or other persons connected with the issuer or the SEA Rule 10b-17 Action or Other Company-Related Action may be potentially involved in fraudulent activities related to the securities markets and/or pose a threat to public investors; and/or (5) there is significant uncertainty in the settlement and clearance process for the security.
(4) Notice Regarding Determination
If the Department determines that a request to process documentation related to a SEA Rule 10b-17 Action or a Other Company-Related Action is deficient, FINRA staff shall provide written notice to the Requesting Party. Any notice issued under this paragraph shall state the specific factor(s) that caused the request to be deemed deficient and the Requesting Party may appeal a determination pursuant to paragraph (e) of this Rule.

http://finra.complinet.com/en/display/display_viewall.html?rbid=2403&element_id=9364&record_id=12829