Replies to post #209165 on Fortress Financial Group fka FFGO

[SevenTenEleven]

FFGO - Company Profile

Fortress Financial Group, Inc. ("Fortress") has for some time now held a minority interest in two Gold Properties, namely "Bouse" and "South Copperstone". These two assets are currently in the process of being sold to another public company. The terms in respect of the sale of these assets has been agreed upon and will be executed imminently.

For this reason the recent press release issued on June 2, 2010 specifies that Fortress Financial Group, Inc. is considered to be a 'Value and Breakup Play'. Contrary to popular notion, this does not mean that the company is dismantling. This description is due to the Company's stock trading at a market value below the value of the Company's assets. Upon the execution of the sale transaction, the Company has already indicated in separate press announcements that it will immediately be declaring a single Extraordinary Dividend to distribute the entire proceeds from the sale of the Company's assets to the shareholders of record as at this Dividend "Record Date". The company has further specified that the value of the dividend will be no less than $0.003 per share of its Common Stock and this being based on the historical April 2010 gold price of $1050/ounce. Since that time the price of gold has risen dramatically with the unfolding of uncertain equity markets and the debt crisis in Europe. The value of this single Extraordinary Dividend will be increased accordingly based upon the current trading price of Gold being in excess of US$1,230/oz.


Since the announced dividend value is at a 30 to one value over the current trading price of the Company's shares of Common Stock being at US$0.0001 per share, the Company is now considered a 'value and breakup play'. This means that disposition of the assets will bring its shareholders value massively above the current market price for the Company's shares of Common Stock. This is the result that Fortress Financial Group, Inc. has worked to bring about for the shareholders. Upon the execution of the sale transactions, the dividend date will be set with FINRA and subsequently the company may consider further acquisitions and developments once we are trading :"ex Dividend".

[AlanC]

Good to reread that once again. Mr. Bezzano developed and executed a plan that protects the assets and the shareholders and will reward them with a huge return. Kudos to all who had a hand in designing and executing this plan. Looking forward to recipt of the dividends.
Go FFGO!!!
Dividends of 3400%+ are worth waiting for!
The changes made to the FAQ are most interesting! Who, what, where and when? Are those changes a sign that things are in the process??? Hmmm!