Replies to post #191640 on Fortress Financial Group fka FFGO

[SevenTenEleven]

in fact the State of WYO will be dissolving the corporation of FFGO for failure to file annual reports - puppydotcom

Well it is good that the Statutes of the State of Wyoming read the following upon planned or forced dissolution.

17-16-1405. Effect of dissolution.


(a) A dissolved corporation continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including:

(i) Collecting its assets;

(ii) Disposing of its properties that will not be distributed in kind to its shareholders;

(iii) Discharging or making provision for discharging its liabilities;

(iv) Distributing its remaining property among its shareholders according to their interests; and

(v) Doing every other act necessary to wind up and liquidate its business and affairs.

(b) Dissolution of a corporation does not:

(i) Transfer title to the corporation's property;

(ii) Prevent transfer of its shares or securities, although the authorization to dissolve may provide for closing the corporation's share transfer records;

(iii) Subject its directors or officers to standards of conduct different from those prescribed in article 8;

(iv) Change quorum or voting requirements for its board of directors or shareholders; change provisions for selection, resignation, or removal of its directors or officers or both; or change provisions for amending its bylaws;

(v) Prevent commencement of a proceeding by or against the corporation in its corporate name;

(vi) Abate or suspend a proceeding pending by or against the corporation on the effective date of dissolution; or

(vii) Terminate the authority of the registered agent of the corporation.

http://legisweb.state.wy.us/statutes/statutes.aspx?file=titles/Title17/T17CH16.htm

[Crazy Money]

There will be no dividend of any kind, 100% agree ... only the future will prove it to be correct, which it will :-) just like everything else here ;-)

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Saturday, December 17, 2011 11:13:51 AM
Re: SevenTenEleven post# 191596
Post # of 191700

Investors do need to do their own DD. Which I am currently doing. The big question to FINRA's Corporate actions is in regards to a liquidation dividend for a company that is in the process of, or planning on, being dissolved. Not a common dividend.

sorry,
there is no question here

there will be no dividend of any kind

share holders have been scammed

FFGO is gone

management have skipped out on shareholders

there will be no liquidation by the state of WYO or anyone else

nothing to liquidate, there are no assets

in fact the State of WYO will be dissolving the corporation of FFGO for failure to file annual reports