Replies to post #196651 on Fortress Financial Group fka FFGO

[SevenTenEleven]

What I was referring to in my post was the most recent company position on massive shorting of FFGO stock ("there is no evidence of it") and was using it against the position of some shareholders who say that it is a very real problem. - RoadLessTraveled

It has been documented that the bi-monthly short interest numbers ceased reporting and posting in August 2010.

It is also a FACT that FINRA warns investors that the daily short and bimonthly short numbers are likely under reported and under inclusive for OTC stocks such as FFGO.

The company could only legally report what is publicly filed. They also stated that it was their opinion, and not a confirmed fact. Again, based upon what is being provided to FINRA from the market makers.

Dividend still in play!

Nothing filed or reported by the company to support such claims!

SEC revocation and SOS if Wyoming disillusion have no effect on the forthcoming dividend.

Read the SOS Wyoming Statutes.


Good Luck!

[OldBen]

I am of the, perhaps, unique position in that I believe that BOTH FFGO and NSS'ers (MM's and others) broke the law in my opinion.

FFGO promised to deliver a cash dividend immediately after the sale of the gold mine. For months, FFGO had prior knowledge that there would be no immediate cash dividend (unless a person believes that FFGO wrote the FAQ's and sold the gold mine on the same day that they found out there would be no immediate cash dividend). Further, FFGO took compensation for the gold mines in the form of NMGL A&B's without compensating shareholders as promised.

NSS is obviously a crime of theft that not only directly steals, but, also has an indirect effect of stifling a company and keeping available capital out of the hands of the company. NSS is a very real problem that has not gone away. I do not believe it is an excuse. There are hundred of companies that have NSS. While, many like to imagine that the growing list of companies and individuals getting fined or prosecuted for NSS does not apply to FFGO, it does apply to FFGO. I would wager a bet that there is more proof of NSS in FFGO than was in the companies that have already had governmental prosecution. Governmental prosecution is going to start with the "low hanging fruit" of bigger companies with bigger headlines. It will take awhile to get to FFGO, but, it will happen IMO.

There is no hope that NSS criminals will rehabilitate themselves. They have to be pummelled into submission.

FFGO (NMGL) may or may not have some intention of delivering a dividend. Lowenthal has a good reputation in my opinion. There is some hope that, despite previous violations of the law (IMO), NMGL may still deliver a dividend. Maybe, even Lumb wants redemption and to do the right thing for once.