Replies to post #207264 on Fortress Financial Group fka FFGO

[AlanC]

I agree rumors are worthless but the facts are on the record.
The record shows since FINRA began recording short sales the total volume of trades from the day they started keeping records until the day we stopped trading well over 2 billion shares were sold short. Over 90% of all trades were short sales. Then we learned that some of our market makers received multi million dollar fines for reporting mismarking millions of short trades as long. FINRA also stopped reporting the SHO numbers on FFGO and refused to explain to inquireing shareholders why? Now that is also a fact. The company did announce to shareholders and filed with regulators that they were going to close the business and pay liquidating dividends to shareholders. They announced all the details to shareholders and even created a special website section which addressed all aspects of the liquidating dividends except the payment date. They did however tell us that while they were unable to state how long it would take they were confident shareholders would be pleased once payment was received. Every day new evidence of corruption in our markets is revealed and that too is a fact. Market makers are facing liquidity problems and some have had to close down while others have had peer bailouts and still others have merged. What was the largest clearing firm is now a penny stock and no doubt will be filing bankruptcy soon. ( I concede on that point being rumor and not yet fact) So perhaps distribution of our dividends is being held up by those who know that distribution at this time with the present market conditions would not be prudent.
Men with splendid credentials designed a bulletproof plan to protect the assets and generously reward shareholders for their patience and what they endured. Until the mission is completed those that are short all those billions of shares still have hope of escaping but personally I think the chances of that happening are slim and none. This shareholder will be very pleased with my dividends no matter how long I must wait because once received I also know justice was truly served. Go FFGO!!!
Dividends of 3400%+ are worth waiting for!

[RoadLessTraveled]

Yeah, and try to get a copy of the mining claims valuation on which that 3400% dividend is based. Bigfoot's personal home videos are easier to find.

FFGO management somehow got investors to believe, on just their word alone, that the BGI & SCI shares they held, a minority holding at that, were worth at least $258,000,000.

Yet, there are so many even today who do not appear to be very upset that FFGO had then sold that quarter billion dollar "asset" to NMGL in late 2010 for their unregistered Preferred shares which, after almost 2 years now, are still worth exactly...

absolutely nothing.

Zippo.

Nada.

Zilch.

A big goose egg.

Isn't that kinda like accepting an unsigned check for the sale of your house? Try depositing that in the bank and see what the teller says!

"Men with splendid credentials designed a bulletproof plan to protect the assets" - AlanC

Bulletproof, my ass!

Sorry, but if those BGI & SCI shares had been worth that much money, then FFGO management is actually guilty of defrauding investors by getting nothing of legal value in return for the only assets they had.

Remember, unregistered shares cannot legally be traded so what Western Diversified has in its accounts remains worthless...

right up until the time when BGI & SCI are permanently dissolved by WY SOS and those companies' shares legally disappear, both which will happen next year on March 12...less than 4 months from now.

Once that takes place, those Preferreds being held by WD for FFGO will become completely meaningless since NMGL will no longer have those BGI & SCI shares to sell in order to cover them.

Why is it so difficult to understand such a relatively simple concept?

In the meantime, management pocketed the proceeds from the sale of up to 85 billion shares of company stock...and then walked/ran away.

Who are the winners & losers here?

Here's the score after Two Events...

FFGO Scammers: 1
FFGO Victims: 0

Want proof? Compare your brokerage account's value of FFGO shares with the estimated value of all the FFGO shares that had been sold by the company until revocation in December 2011.

Facts can be such a bitch.

The rumors claiming divvy coming and FFGO still in business are just what they are

nothing but worthless RUMORS ..

ZERO facts to back up any of the worthless RUMORS

When asked to provide proof of the worthless RUMOR .. one gets in return instead of the proof

another worthless RUMOR of the phantom NSS as the explanation and excuse

- puppydotcom