Replies to post #191567 on Fortress Financial Group fka FFGO

[FedUpToHere]

This is what Melissa at FINRA Opeations just told me as of 12:17 PM MST in regard to this --

Thanks for confirming that FINRA may approve corporate actions for non-registered companies such as FFGO!

Q. Can a stock that has been revoked by the SEC, in this particular case a stock under the symbol FFGO, be approved by FINRA to do corporate actions through FINRA; and in particular, issue dividends on the revoked stock?

A. Was the stock revoked under 12(j)? If the stock was revoked through a 12(j) action, the company can not issue a dividend through FINRA.

Q. How would the stock, and in particular FFGO, get back in good graces with FINRA in order to be able to issue a dividend/

A. They would have to go through the 211 process.

So -- was FFGO revoked under 12(j)?

FINRA- Corporate Actions
9509 Key West Avenue
Rockville, MD 20850
Operations: 866.776.0800
Fax : [phone]
[e-mail]

[puppydotcom]

FYI, private companies do not need FINRA approval to issue dividends to share holders

Dividends are payments made to company shareholders from the profits of the company. If the company has not made a profit over a given period then it cannot pay a dividend.

A dividend is a reward to shareholders for investing in their company. It is up to the directors of the company to decide if and when a dividend can be paid to the company’s shareholders.


all that required is they are in business and make a profit
-----

so that also kills FFGO

long gone and abandoned and broke

sorry,
good luck