Replies to post #196629 on Fortress Financial Group fka FFGO

[OldBen]

And you can't possibly be talking about naked shorters because the company has stated at least twice that there was not even a shred of evidence that naked shorting was a major factor as apparently was the ongoing claim of shareholders. I can once again give links to those statements, if you like.

And as for using a "There is no naked shorting" story as a means to trap shorty, well, I will tell you another fact. Both the SEC and the DOJ frown on companies lying to shareholders like that, if that was the case. Maybe if they had never made that public statement, you might have an argument for the super secret plan. But once the company announced that they didn't see any sign of such shorting, well then, the door was pretty much slammed shut on that defense.

During the 2010 FAQ's, yes, those remarks were made. AlanC has repeatedly posted a dozen or so press releases spanning several years where FFGO formerly known as GWGO, etc. had a large NSS problem they addressed in detail. Go back to 2005 and do some DD. Your "friend" may be long. People who are long are likely to research years of fundamental and technical analysis such as press releases and price charts to name a few.

[AlanC]

RoadLessTravelled: You said "Are you referring to shorters? If so, I never noticed those figures on the semi-monthly Short Sale Lists. And please don't refer me to the Daily List published at the end of each trading session that doesn't take any settlement period into consideration as does the Short Sale List."

An astounding obeervation in fact so astounding numerous shareholders have tried to obtain an answer from FINRA as to why they stopped publishing the SHO numbers on FFGO as of August 2010?

Just as amazing is the fact that FINRA refuses to answer questions in that regard. Of course FFGO is the only stock I am aware of that has averaged over 90% of the volume since FINRA began keeping records as short sales. This too is an astounding number since FINRA has admitted that their numbers tend to be understated. In fact, both UBSS and Credit Suisse recently received substantial fines by FINRA and the SEC for mismarking short sales and calling them long. That makes it possible, some would say likely even, that every single FFGO share sold over the past two years (over 2 billion) did not exist. That of course could explain why FINRA stopped those bi monthly SHO reports as it may have been too embarassing for them. Go FFGO!!!
Dividends of 3400%+ are worth waiting for!