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#1 2010-08-27 21:33:38

Bull Finch
Member
Registered: 2010-08-23
Posts: 1916

Is this the company that will take the Naked Shortman down?

can_wait   

Friday, August 20, 2010 3:35:25 PM

Re: None

Post # of 198771


I thought this had some credible information on FFGO contained in it:

Hi Karl,
I understand your point 100%. First of all, as I understand it the management of PRTH/Primetime (Robinson, Metz and Materra) got their hand slapped by the SEC prior to these guys buying the Primetime shell and converting it into Hunt Gold (HGLC). The SEC’s reprimand just became final on 9/18/10. I believe the shell was so tainted and the management of Hunt was acting so secretive with their mining assets that the SEC did indeed release this: “It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Hunt Gold Corporation, f/k/a Prime Time Group, Inc. (“Hunt Gold”) because questions have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, Hunt Gold’s gold mining exploration business. The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of Hunt Gold.”

Abusive naked short sellers typically attack the companies run by those they perceive to be fraudsters orchestrating a “pump and dump”. Lumb’s choice to buy a shell run by guys later to be found guilty of misbehaving put him into the “probably also a fraudster” category. Ideally, abusive short sellers will time it so that they sell nonexistent shares at the peak of somebody’s “pump” suspecting that a crooked management team is about to unload their shareholdings (which they probably got for free or nearly free) causing the dump. After dumping their nearly free shares a crooked management team will then typically go net naked short, run up a huge naked short position then do a reverse split, collapse the share price and cover for nearly nothing on a post split basis. The shell they control is now ready for another “cycle”. Lather, rinse, repeat.

As an example, everything Les Price has touched over the last 20 year has been totally ambushed by abusive naked short sellers. He was perceived to be a fraudster because he got his hand slapped by the old authorities of the infamous Vancouver Stock Exchange. His crime? He beat the crap out of bunch of naked short sellers that attacked one of his mining companies in Ontario. He allegedly crossed the line in HOW he beat the crap out of them.

If you look at Medinah, Cerro and NPER they are all down about 99% from previous highs. So are a lot of Lumb companies. Victimized shareholders of heavily naked short sold development stage corporations always think that they got screwed by management. People have trouble believing that the entire clearance and settlement system for development stage corporations on the OTC markets in the U.S. is rigged beyond belief but it is. As I read it, Lumb is a billionaire that is totally ticked off at the shorts. I think that FINRA’s treatment of his attempt to sell these assets in 2008, the Moneyworx reverse merger as well as the 2 “hatchet job” journalistic efforts of Hetherington put him over the edge and the gloves came off.

There’s a reason that when you Google Stephen Craig Lumb the first or second resource listed will be that “Tyrant in the tower” article by Tony Hetherington alleging that Lumb is a big bully. The Internet bashers and the support crew for abusive short sellers have tricks to make the most negative article about Lumb pop up first creating a negative first impression. This makes doing due diligence on prospective investments pretty tough when the bad guys control the communication forums. When you get a moment look at the IHUB FFGO forum and then do some research on IHUB.

The next level of due diligence in a situation like this is to determine what Hetherington’s history is as a “journalist” as well as IHUB’s history. Pretty soon all of the pieces fit nicely together. Somebody is spending an awful lot of time and money in attempting to talk people out of buying shares of FFGO. This is one of the few irrefutable facts easy to access in this case. Could it be because for every nonexistent share sold at the .0001 level the naked short sellers might just have to multiply that amount they took in from the purchaser by 34 and then return it to the purchaser? Although their rhetoric says otherwise clearly their actions indicate that this dividend might just come to pass. If the bashers were to close up shop and move on then I might be concerned that the dividend might not materialize. Remember, the bashers claim that there is no naked short position and that they are merely “shareholder advocates” (that just so happen to have a tremendous disdain for shareholders).
When I started working up this case I went through all of the historical filings and PRs. I made a list of “why in the heck did they do that this way” because there were some oddities I came across. Pretty soon most of the components on that list went over to my “wow, that was pretty clever” list. Some of the things you have to ask yourself is why would these alleged “scamsters” make 8-K filings to the SEC right and left when their post-Sarbanes Oxley punishment for lieing goes up many fold. Why is Jody over at the Transfer Agent left “ungagged”? Why did the main shareholders of NMGL (Bauman, Flexwell, Lowenthal and Topcast) voluntarily cancel 99% of their shareholdings recently? Why are these already gazillionaire Harvard and Oxford lawyers risking jail time and their right to practice law by allegedly spouting out blatant lies? Why are the Wolfins, Baumans and Lowenthals with huge family reputations to protect hanging out with alleged fraudsters? Why is a billionaire like Lumb risking jail time for dumping his shares at .0001 and not filing his Form 4’s?

I learned a while back while working with Dr. Patrick Byrne that it’s not a good idea to attack corporations run by extremely brilliant billionaires. I have trouble selling this idea to my colleagues but I really think that forming due diligence “partnerships” of perhaps 20 guys makes sense to be able to dig deeper into the truth. Everybody throws $100 into the pot and you go out and hire geologists or investigative reporters or Wall Street aficionados with the ability to dig deep to aid you in your due diligence. A lot of times the average investor is only one layer of the onion away from learning critical truths that his modest resources couldn’t access.

I know it seems “too good to be true” that a small corporation can distribute a 3,300% dividend but so far my research indicates that they have a pretty good chance of doing just that. I mentioned earlier that 8 years ago I wrote about how in a “cellar boxing” case someday some clever management group is going to be able sell their corporate assets and distribute an ultra-generous dividend as long as they have had previous access to the resources to buy back ultra-cheap shares at .0001. This is where it is nice to be a non-reporting company that can act in a stealth-like manner. A non-reporting company with an ungagged TA is a bit of a rarity.

Recall that if a company is in the “cellar” for very long the abusive short sellers will accumulate an aggregate naked short position so large that their collateralization requirements essentially force them to naked short sell into each buy order that appears. This forces them to employ bashers well past the point in time in which they could have let them go. The risk/reward analysis on this deal to me remains very compelling but time will tell. I think most people are probably in the “too confused” or “too good to be true” camp which explains the relatively low volume on a dollar invested basis. I don’t have a read on the nature of this current delay other than the IR department is telling investors that the NMGL guys need to sign off on the press release. (Disclaimer: Do not treat this as a solicitation to buy the shares of any company cited. This is not a widows and orphans type of deal. Perhaps this is more of an “everybody on the planet should throw $100 in” type of deal.) Below is an excerpt from an 11/29/09 communiqué from FFGO management to its shareholders:

Your Company’s Management (and its Advisors) promise you that we believe that we have learned from our past mistakes, particularly on delivery of our promises, the old adage “He who fails to learn from history, is condemned to relive it”; seems to apply to us right now. We are determined to do our best to deliver superior returns to our very patient, loyal and long standing (and long suffering) stockholders, whilst providing our new Stockholders with the much needed and long overdue information, transparency and the full disclosure of all facts (whilst providing the mandatory “health warnings” associated with any Penny Stock investment.


A FINAL & PERSONAL REQUEST FROM YOUR COMPANY’S MANAGEMENT:

Your Company’s Management respectfully request that stockholders allow “THE PAST TO REMAIN IN THE PAST” in respect of your Company. We ask that you please let your Company’s Management do their utmost to secure the best possible deal for the Company and its stockholders in the sale of the Company’s interests in the two remaining Gold Properties. We are aware that there are many reasons for specific individuals to be negative, and we choose not to engage them. Negativity towards your Company can only hurt the Company’s prospects of any serious and/or successful bid emerging for the Company. We acknowledge that constructive and lively debate amongst our stockholders is productive and healthy in any Market. Furthermore, stockholders may rest assured that negativity towards their Company will not in any manner affect your Company’s Management to secure the best possible deal in its negotiations to dispose of your Company’s interests in the two Gold Properties.

Lastly, we wish to express our sincere and heartfelt appreciation to those many loyal, longstanding and truly wonderfully supportive stockholders who have stayed with this Company despite the most trying of circumstances in 2009. God bless you all and we promise you that we will continue to tirelessly work to obtain for you what you so richly deserve, a great return on your investment in our Company and to let you know, that we truly appreciate your faith in us, your Management.


BMFL

next week(s) is here

Last edited by Bull Finch (2012-04-25 23:02:55)

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#2 2010-08-29 22:34:56

Bull Finch
Member
Registered: 2010-08-23
Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

More from can_wait

Posted by: can_wait 8/24/10  post # 155904

A little more food for thought - If you read between the lines like a sandwich.

"This is a due diligence case for the record books no doubt. I re-did a bunch of time lines over the weekend trying to see what their end game is. Between the combination of private and public corporations they control and trading and non-trading public corporations and reporting and non-reporting corporations they control and the vast array of assets they control they have a lot of options within their grasp but some formidable enemies also. The fact that the bashers just won't go away tells me that somebody is very concerned about matching this 34-for-1 dividend. I like the 34-for-1 risk/reward ratio a lot but once again this is not for widows and orphans. Due to how the DTCC is "wired" some of the dividend has to be in cash to be effective. There's about 14 mining properties out there that might show up under any company's banner at any time due to the non-reporting status of several of the players."

Posted by: can_wait  8/20/10 post # 155370

Here's an interesting post script.

I talked to the American Bonanza guys a bit. They own the Copperstone Mine to the North and contiguous with FFGO's S. Copperstone property. Their projected mine life as per their recent 43-101 results was only 6.5 years which I found interesting. Their cost per ounce to mine their underground ore is $415 per oz.

Both Arizona and Nevada seem to be gearing up for an explosion in gold mining activities with the price of gold over $1,200. A lot of the owners of the smaller properties are receiving expressions of interest especially from the representatives of European and Asian companies. I forgot to mention in my last post that a 5th party surrendered his shares of NMGL as part of whatever their plan that is obviously afoot. This was David Wolfin a very well-respected senior member of the mining community. His dad Lou started Cannaccord with Peter Brown. Apparently all of these famous and wealthy families have been doing business together in the mining sector in the U.S. for a while. When the 5 biggest shareholders simultaneously "donate" 99% of their shares into the pot for cancellation they're doing it at somebody's request or demand and they're accepting a smaller slice of a much larger pie. With NMGL about to contain 100% of both the Bouse and S. Copperstone properties one can't rule out that the end purchaser of those properties (assuming that NMGL is just playing an intermdiary role as a fully reporting entity) made this demand as part of an overall plan to acquire these and possibly other properties. Notice how NMGL is referred to as a "fund". Once again, be careful!


Posted by: can_wait 8/10/10 post # 155362
Sorry someone else created the post - I'm just the messenger. I'm not smart enough to come up with that.

Posted by: can_wait 10/10/10  post # 150995
Not true back at you.

"In order to be taxed as a qualified dividend, the investor "must have held the stock for more than 60 days during the 121-day period that begins 60 days before the ex-dividend date," as the IRS explains in Publication 550."

Posted by:can_wait 8/05/10     post # 148721
I called NITE corporate office and tried to talk to anyone. No one could take the call. Something about an internal crisis and everyone was at their terminal posting on an internet  chat room.

BMFL

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#3 2010-08-30 08:00:54

Bull Finch
Member
Registered: 2010-08-23
Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Posted by: can_wait    Date: Monday, August 30, 2010 12:35:51 AM 
In reply to: None  Post # of 157550     

Thought this was interesting from another shareholder (you might skip it if your not into the technical stuff and just want your dividend):

Here's some of the pertinent due dili on 1 of the 2 mining assets-the Bouse property.

Bouse, Gold Mining and Exploration Project:- Dr Wayne P Colliston prepared this report, in August, 2004 on the 1,300 acre Bouse gold (silver ? copper) property situated in the La Paz area of western Arizona, USA, near the California border. At the gold price of approximately US$400/oz (in August 2004), this provides a value estimate for the deposit in the range of up to $600 million. This estimated gold resource is for the little Butte area only, and does not include any potential from the remainder of the property. At the current Gold price of circa US$800/oz, the revised and updated valuation report , will be significantly higher.

So based on this valuation, today the value should be close to 1.86 billion $ with the price of gold at + $1239.00. (Caution: this is a super-rough estimation of the in situ value)

BACKGROUND ON "BOUSE" AND "SOUTH COPPERSTONE":-

"Bouse" and "South Copperstone" are both located in gold-rich La Paz County, Arizona, and represent a class of deposits known as detachment fault deposits. This type of deposit is prevalent on both sides of the Colorado River in both Arizona and California, and mineable resource is typically in the 500,000 ounces to 5 million ounces gold range, with a grade of .05 to .2 ounces of gold per ton.


The detachment fault type of deposit was first recognized in the 1980’s with the discovery of the Copperstone gold deposit, from which Cyprus Minerals mined 500,000 ounces of gold by open pit. Another mining company is presently exploring the remaining underground resource (which is believed to exceed 400,000 ounces) and is assessing feasibility of reopening the mine. The nearby Mesquite deposit, located in Imperial County, California, is also viewed as a detachment fault deposit. Mesquite is several times the size of the Copperstone Deposit and was mined for many years by Newmont; Mesquite is presently operated by Western Goldfields.
The South Copperstone property is a large contiguous claim block immediately south of the Copperstone Mine. Past drilling has identified gold in quartz latite, as well as a geophysical anomaly in the center of the South Copperstone Claim block. Further geophysical (including magnetic) work is planned to develop future drill targets.
The Bouse property was previously explored by Homestake Gold (now part of Barrick), which found gold mineralization throughout the property. Drill data is available for approximately 80 Homestake drill holes. Previous work by another mining company identified a 500,000 ton resource along two high angle faults that were not extensively drilled by Homestake. Exploration plans include integration of results from the previous exploration and new geophysical (including magnetic) work to identify additional drill targets, particularly along the high angle structures, with a view toward increasing the resource.
from ffgo 8k look it up///////
Bouse Property, a Mid-Tertiary system of epithermal mineralization was introduced into a stacked sequence of lithotectonic units that are located on the northern side of the Plomosa Detachment Fault. Complex epithermal gold, barite and fluorite mineralization is superimposed on earlier copper-specularite mineralization. Gold occurs in laterally extensive breccias and in steeply dipping amethystine-quartz veins. Past district production (over 2/3 of which was from the Little Butte Mine) averaged over .4 oz/T gold. Strong likelihood of a major detachment fault associated gold/copper deposit, similar to the proven and mined Copperstone and Mesquite deposits. Past drilling by Tenneco, U.S. Borax and Homestake found significant gold bearing intervals in both the breccias and high angle structures.
Project Summary The Bouse Project involves an important new type of Arizona gold deposit, called a "detachment fault" deposit. Detachment fault deposits were first recognized as a separate form of gold deposit in the 1980's. Enclosed within this pack is an article by noted Arizona geologist Joe Wilkins Sr., which describes the leading theory about how they formed. The best example of an Arizona detachment gold deposit is Copperstone, which is about 20 miles from Bouse. It was the biggest gold discovery in Arizona in at least 50 years. Cyprus Gold profitably mined the 500,000 oz open pit resource during the 1980's. American Bonanza is presently doing underground drilling. It looks like the underground high grade resource is even larger. Enclosed are some materials on the Copperstone for your general information on its history and American Bonanza's present activities there, which are the major news in Arizona gold exploration at this time. Unlike Copperstone, Bouse is an historic gold producer. 5,000 ounces were produced from high grade ore early in the 20th century. It was also worked as an underground copper mine. Most of this production was from the Little Butte Mine, which is the centrepiece of our land position.
Starting in the 1980's there has been a lot of exploration work at Bouse. Per Arizona Department of Mines and Mineral Resources records, prior to 1983 a 16 hole drill program blocked out 5,000,000 tons of material ranging from .05 to .30 ounces gold per ton. These drill-holes were in the immediate vicinity of the Little Butte underground mine and the Little Butte open pit. The drill hole locations are indicated as drill holes of an "Unknown" exploration company on the enclosed Homestake Mining map.

Next, Fischer Watt exploration, a well regarded company based in Butte, Montana, leased the Little Butte mine. They estimated the resource more conservatively, at 2,000,000 tons of .07 ounce per ton rock. They drilled exactly one 290 foot hole near the Little Butte underground mine and encountered 7 gold bearing intervals.
Tenneco then took over the project. They drilled 17 holes and found gold bearing intervals in 10 of them. Not only did Tenneco find gold at the Little Butte underground mine and open pit, but they also found gold at the Arrastre Mine, the Blue Slate Mine and the Flat Fault Mine, all of which are included in our project.
During 1984 U.S. Borax drilled 18 holes in the pediment to the west of the historic mining district along the inferred course of the Plomosa detachment fault. Three of these holes met with success. We have a lot of material from this project, and it is included for your review. These are the packets and maps from Corn & Ahearn and PCMI. While we have not viewed this area as a high priority, some of it has been included in our present land
position.
Starting in 1987, Homestake Mining leased the central part of the district (called the Brindle claims -- these are the core of our present land position) and acquired an option to purchase the smaller patented group to the west called the Paradise Mine, which is not included in our project. Homestake drilled over 50 holes over a 4 year period. They found significant gold mineralization everywhere that Tenneco did at the Little Butte mine and open pit, the Blue Slate Mine and the Flat Fault Mine. They also put down seven drill holes in the vicinity of the detachment fault. Enclosed is a pack which we obtained from
Barrick which includes all of Homestake's drill logs and assay results. The map at the rear section entitled "Alteration, Mineralization and Drill Holes" includes all of the drill information for the previous work by Fischer Watt, US Borax and Tenneco.
What does the future hold for this gold deposit? While a gold deposit this big will take a substantial amount of work to turn into a large proven reserve, this should be a simple and straight forward effort if the drill programs focus on the core deposit, rather than concentrating on peripheral areas. The core deposit may be visualized as an inverted "V" with the Little Butte underground mine near the apex, the Little Butte open pit, Flat Fault mine and Blue Slate mine along the left leg, and the Airfield deposit at the bottom of the right leg. If, as we believe, the entire area of the inverted "V" turns out to be a mineable open pit resource this would be a far larger gold
deposit than the 1,000,000 +/- oz Copperstone, and may be closer to the 10,000,000 oz size of the Mesquite mine, which is another detachment fault deposit in California.
Another high priority area is the granite block located within the confines of the inverted "V." There is high grade gold mineralization at the Arrastre Mine, which is near the southern end of the granite block about 4,000 feet south of the Little
Butte underground mine. Homestake did not even bother to map this area in detail, which is surprising given the extensive surface shows of copper oxide and the abundant quartz.
Also included are the two major geological reports on the district. (1) The Jemmett report, from 1966, is included because it gives some good descriptions of the individual mines. While Jemmett is not very enthusiastic about the mineral possibilities of the district, his report predates the discovery of the detachment fault model of gold mineralization, which turned Western Arizona into a "hot" area for mineral exploration. (2) The second report by Duncan was funded by Homestake. An important
conclusion (p.37) is that the high gold and copper values are in a NE/SW band corresponding to the left leg of the inverted "V" referred to above.
Included with the projects is the Burnt Well property, also located in La Paz County. We have acquired about 640 acres along the Bullard detachment fault in the vicinity of the Silver Lining Mine, and plan to add at least another 480 acres. While Cominco drilled the Bullard deposit to the east along this fault, Burnt Well escaped the attention of the majors during the 1980's gold exploration boom. A limited amount of material is included from the Arizona Geological Survey and the Arizona Department of Mines and Mineral Resources. Preliminary surface sampling shows similar grade (approximately .1 oz gold per ton) as the open pit resource at Copperstone. There is no recorded production for this district. However, from the size of the dumps, it is obvious that there must have been substantial production in the past.

bouse; The core deposit may be visualized as an inverted "V" with the Little Butte underground mine near the apex, the Little Butte open pit, Flat Fault mine and Blue Slate mine along the left leg, and the Airfield deposit at the bottom of the right leg. If, as we believe, the entire area of the inverted "V" turns out to be a mineable open pit resource this would be a far larger gold deposit than the 1,000,000 +/- oz Copperstone, and may be closer to the 10,000,000 oz size of the Mesquite mine, which is another detachment fault deposit in California.http://findarticles.com/p/articles/mi_m0EIN/is_2007_Dec_19/ai_n27479746/pg_3/


Dr Colliston has an impressive set of credentials and an internationally recognized PhD degree in geology from the University of the Free State (UFS) in 1990.He is a fellow of the Geological Society of London; he is also a registered Pr Sci Nat with SACNAS (South African Council for Natural Professions; registered since 1983), which qualifies him as a Competent Person and enables him to be the author of Competent Persons's Reports for evaluation and investment purposes.

Dr Colliston is currently employed as a senior lecturer in the Geology Department of the University of the Free State in South Africa and was also an appointed Research Associate at the Royal School of Mines, Imperial College of Science, University of London.He has been involved in the study, teaching, research, application and consulting in the geological sciences for the past 24 years.He is the author of 146 scientific contributions and has addressed geological audiences at conferences both nationally and internationally.
http://www.zoominfo.com/people/Colliston_Wayne_547597192.aspx

His professional experience in the geological field is primarily in South Africa, Namibia, United Kingdom, Australia, Brazil, Israel, Western and Southern Europe, Turkey and the Southwestern USA.Part of this experience also covers Exploration Geology in base metals, gold and diamonds and includes remote sensing applications and the interpretation of satellite imagery and aerial photo analysis, hydrogeology, geophysics, geochemistry, and geostatistics.

Dr Colliston has specialised knowledge in the fields of structural, metamorphic and economic- geology, the tectonics and structure of gneiss terrains, fold and thrust belts, geological mapping, geological synthesis, and in the economic evaluation of mineral projects.

Research and consulting work has covered diverse topics and areas:
...
Dr Colliston has consulted for a number of companies e.g. Anglo American, Anglo Vaal, Gold Fields of SA, Randgold Expl., Rio Tinto, Falconbridge, Billiton, Harmony Gold, KDMC Ltd, Tradeline Namibia (Pty) LTD, the Institute of Groundwater Studies, Water Research Commission, and has research collaboration with institutes such as the Royal School of Mines, University of the Witwatersrand, University of Pretoria and University of Vienna.
...
fromsep 2004

Bouse - West Africa Gold is continuing to re-evaluate their mining properties in western Arizona. They recently announced the revaluation of the Mockingbird project in Mohave County. On Tuesday, they released their findings at the Bouse property in La Paz County. Geologist Dr. Wayne Colliston identified a “detachment fault† at the Bouse property similar to the one found recently on the Mockingbird project. The “detachment fault† style of deposit is best seen at Copperstone, the biggest gold discovery in Arizona in the past 50 years. A value estimate for the gold deposit is in the range of up to $600 million, and that does not include any silver or copper also found on the Bouse property.

BMFL

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#4 2010-08-30 10:59:11

Bull Finch
Member
Registered: 2010-08-23
Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Posted by: tride93    Date: Monday, August 30, 2010 11:15:38 AM 
In reply to: Vianna who wrote msg# 157574  Post # of 157583     

Vianna,

When I first posted, I took some heat from some posters about having my lawyer do DD. He could not find anything on these guys that indicated they ever have done anything remotely unlawful. I still stand by that (today more than ever). Here's why:

One of the people I know who invested in FFGO is a retired Police Officer. He has more investigative experience than ANYONE I know. On August 26th he did an extensive investigation of Lumb, Lowenthal, Bezzano and the others. He stated on the morning of August 27th, everything he found proved them to be squeaky clean. He, also, has checked them out in Europe and South Africa and they are clean.

NO ONE is liked by everyone. Some people don't like people with money. Some people also make money by making outrageous comments. It seems that the only negative things are of a personal nature and are not illegal or unethical. They have done nothing to be put in jail over or even to be charged with anything. They're only guilty of one thing: Trying to be good businessmen. SO, far, that is not a punishable offense.

I do not fear an SEC inquiry because in my opinion, they have not broken any SEC rules. In the event they have, I do not think it was intentional or of a criminal nature. Although to the laymen, not revealing that Lowenthal was Sloane and NMGL was wrong, it may not have been illegal. In fact, it may have been done that way in order for it to be legal. I am not knowledgeable enough to make that judgement. Ethically speaking, I do not agree with not revealing that info, but I can't put anyone in jail or fine them for doing things I think are unethical.

I do find them guilty of only one count. Not communicating with the shareholders. However, this is not illegal. All this drama could have been avoided if they would have come out on the 17th and said, "Due to the complexity of this transaction and the need to evaluate the final draft of the sales agreement, we request your patience until August 31st to have our final package completed along with any questions you may have. We will answer these questions and reveal the final draft of the sales agreement in an email to our shareholders at that time. In the event additional time is required, we will notify you of the revised date. We appreciate your patience and understanding."

That was easy and would have saved a lot of head aches for everyone.

The negatives on the Forum are a small number in the stockholders (Maybe not even stockholders). We should all step back and take a deep breathe. No one should do anything without taking pause. "We do not need to throw the baby out with the bath water!!!!"

BMFL

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#5 2010-08-30 12:12:50

Bull Finch
Member
Registered: 2010-08-23
Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Posted by: SevenTenEleven    Date: Monday, August 30, 2010 1:07:11 PM 
In reply to: janice shell who wrote msg# 157595  Post # of 157607     

Chances are, the sell orders from retail can't be filled without the MM's shorting to do so. - SevenTenEleven

Hello??? Why would an MM have to short in order to BUY stock from a retail seller??? - Janice Shell

Janice, I guess my post wasn't clear. So in order to prevent a redirect or a misdirect, let me make it clear.

If retail a customer is trying to sell at $0.0001, but the only thing in their account is an IOU from their broker and/or market maker who originally filled their order to "buy"; in order to sell this IOU to another retail customer that is not dealing with the same broker or market maker, the broker and/or market maker will have to short shares they do not currently have to complete the sale, and the "BUY" as you have stressed.

Pretty simple formula when the broker does not have shares to back up that IOU or IOU's.

Tic Toc

BMFL

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#6 2010-08-31 13:25:35

Bull Finch
Member
Registered: 2010-08-23
Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Posted by: SevenTenEleven    Date: Tuesday, August 24, 2010 8:23:48 PM 
In reply to: janice shell who wrote msg# 156147  Post # of 157915     

If shares are always available, why did it take 3 hours to fill a 6M share buy at the ask, when 10 MM's were sitting there? It was only 6M shares, so why the delay in filling? Especially if there are so many sellers lined up!

When the o/s is 74 billion, there are ALWAYS shares available. - Janice Shell

Why do you find that "incredible"? Do you think that each MM house has a guy doing nothing but trading FFGO?? Of course they don't. There was very little trading activity today; the guys assigned to FFGO were no doubt busy with other stocks, only checking for FFGO orders occasionally. - Janice Shell

You make it sound as if hundreds or thousands of people were trying to buy. That is scarcely the case. - Janice Shell

BMFL

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#7 2010-09-01 09:42:58

Bull Finch
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Registered: 2010-08-23
Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Posted by: AlanC    Date: Wednesday, September 01, 2010 10:19:21 AM 
In reply to: Vianna who wrote msg# 158064  Post # of 158070     

Vianna: Morning! We are all anxious for news. I remain confidant that receipt of that news is contingent on other events which none of us are privy to. I believe the plan was designed by a master sleuth to trap the shorts which has been accomplished. The chum (5 trillion authorized) was put out and it was swallowed hook line and sinker. When the events going on behind the scenes that we are not privy to are concluded we will receive news that will be rewarding to all who own shares. The strength of the enemy is evident by the fact that this has been going on for 5 years. NMGL is fully reporting and should be a hum dinger imho. Go FFGO!!!

BMFL

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#8 2010-09-01 12:40:28

Bull Finch
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Registered: 2010-08-23
Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Posted by: Rocket Man    Date: Wednesday, September 01, 2010 1:34:30 PM 
In reply to: bobbybdb who wrote msg# 158108  Post # of 158111     

Dually noted. Thank you too, for all you have done!~ 

Rocket Man

Posted by: bobbybdb Date: Wednesday, September 01, 2010 1:26:52 PM
In reply to: AlanC who wrote msg# 158068 Post # of 158109

AlanC Most excellent post, although many can't comprehend your meaning at this time, however your post should be put in the ibox as a future reference imo.

As a wise "very tired" attorney once said, "FFGO is the hammer" and the time has not yet come, for that hammer to be used.(however it is very near, look to the Sept17th time frame)

It is also my thoughts, that all the delays past and future, are not due to the actions of the principals of FFGO, but are a requirement of a much higher POO, (plan of operation).

Thanks again for that great post.

Back to lurking.

----------------------------------------------------

Vianna: Morning! We are all anxious for news. I remain confidant that receipt of that news is contingent on other events which none of us are privy to. I believe the plan was designed by a master sleuth to trap the shorts which has been accomplished. The chum (5 trillion authorized) was put out and it was swallowed hook line and sinker. When the events going on behind the scenes that we are not privy to are concluded we will receive news that will be rewarding to all who own shares. The strength of the enemy is evident by the fact that this has been going on for 5 years. NMGL is fully reporting and should be a hum dinger imho. Go FFGO!!!

BMFL

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#9 2010-09-01 19:58:02

Bull Finch
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Registered: 2010-08-23
Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Posted by: AlanC    Date: Wednesday, September 01, 2010 8:36:36 PM 
In reply to: SevenTenEleven who wrote msg# 158233  Post # of 158255     

SevenTenEleven: The shorts are trapped lock stock and barrell. We know it and they know it. The selling by shareholders has been insignificant and those short have a monstrous hole to try and climb out of.
Right now, the only question is which short will say uncle first. They are going to have to buy a huge number of air shares at ever increasing prices before they get any real ones. I look forward to learning the record and payment date. Will management rub salt in the wounds or will they be kind? Stay tuned. Go FFGO!!!

BMFL

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#10 2010-09-01 20:06:06

Bull Finch
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Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Posted by: Doubleday    Date: Wednesday, September 01, 2010 8:41:16 PM 
In reply to: Rocket Man who wrote msg# 158234  Post # of 158256     

I bought 4 million shares yesterday from TDA and I had to call the broker twice to get filled it took over three hours,the mm said there was 1 million shares ahead of me.The same thing happened the day before but I only had to call once.In ten years of trading I never had to call a broker to see why my order wasn't filling,something is up here they don't have the shares......imho.

Posted by: Rocket Man    Date: Wednesday, September 01, 2010 8:46:44 PM 
In reply to: Doubleday who wrote msg# 158246  Post # of 158256     

I see your point fully..  A simple just call it in with TDA? lol When someone calls in an order and they have to take it to a higher level because of restrictions? I have not witnessed that ever before.. jms

Rocket Man

BMFL

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#11 2010-09-01 21:11:22

Bull Finch
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Re: Is this the company that will take the Naked Shortman down?

Posted by: Vianna    Date: Wednesday, September 01, 2010 9:27:11 PM 
In reply to: Doubleday who wrote msg# 158246  Post # of 158279     

I agree, Doubleday. Also, I've learned of additional certs being pulled by some BIG FFGO shareholders...

Now Why on Earth would they do that? Huhmmm....let me think...

"Tic Toc" comes to mind...

Posted by: Doubleday Member Level Date: Wednesday, September 01, 2010 8:41:16 PM
In reply to: Rocket Man who wrote msg# 158234 Post # of 158260 Send a link via email Share on Facebook Tweet this post
I bought 4 million shares yesterday from TDA and I had to call the broker twice to get filled it took over three hours,the mm said there was 1 million shares ahead of me.The same thing happened the day before but I only had to call once.In ten years of trading I never had to call a broker to see why my order wasn't filling,something is up here they don't have the shares......imho.

BMFL

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#12 2010-09-02 07:35:39

Bull Finch
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Re: Is this the company that will take the Naked Shortman down?

Sent By: SevenTenEleven    To: Bull Finch  Date: Wednesday, September 01, 2010 8:34:38 PM 

enjoy it while you can! smile

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53973654

Posted by: SevenTenEleven Date: Wednesday, September 01, 2010 8:33:21 PM
In reply to: janice shell who wrote msg# 158204 Post # of 158239

SOME here deal in fantasy. Others deal in fact.

I would suggest once again that you pay attention to what the company itself says, and has said. - Janice Shell

I couldn't agree with you more Janice! The company has stated in PR's, emails, and in 8-K's FACTS. Those FACTS are being dismissed by some as being fantasy. I am so glad you have made such a clear statement to support the FACTS in the 8-K's and PR's.

We should all be paying attention to what the company itself says, and has said. Couldn't have said it better myself!

Tic Toc

BMFL

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#13 2010-09-02 13:30:48

Bull Finch
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Re: Is this the company that will take the Naked Shortman down?

Posted by: OntarioDude    Date: Thursday, September 02, 2010 2:27:45 PM 
In reply to: None  Post # of 158406     

What's with the L2 here?? My buy order shows as a sell like every other order that went thru today....Crooked MM's????? Placed the order for 2 mil and 400k and they both show as sells???


O.D.

P.S.
My only post for the day...

BMFL

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#14 2010-09-02 19:27:39

Bull Finch
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Re: Is this the company that will take the Naked Shortman down?

Posted by: jufel    Date: Thursday, September 02, 2010 6:47:10 PM 
In reply to: SevenTenEleven who wrote msg# 158215  Post # of 158506     

thanks Seven

Very interesting Indeed!!!


If 67 Billion shares ar e in Certificate Form as TA suggested and
75 Billion are the OS then Floating around 8 Billion?

Last number I have from the DTCC 44 Billion are in Electronic Form
so No less than 36 Billion are phantom shares that will need to be covered before Dividends are distributed.

Tic TOc Tic Toc sounds like ThermoNuclear BBQ in the Making!!!!


Keept the good work

Thanks

BMFL

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#15 2010-09-02 19:49:08

Bull Finch
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Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Posted by: Vianna    Date: Thursday, September 02, 2010 8:26:49 PM 
In reply to: rbrtgold who wrote msg# 158490  Post # of 158509     

Hi rb, I continue to believe the Company will pay us the dividend (NMGL Preferred A and B shares) and intend to hold my 160M shares until I KNOW that I qualify for them...unless of course there is a run in the stock due to a short squeeze. If so, I may let go of a few.

Any comments stating that the short is "ZERO," is "BS" IMO! I am aware of what more individuals hold here and when I subtract those #s and the #s filed in 8Ks by the Company, the result is a negative #, meaning a SHORT position. I can only imagine what that # would be if I knew what almost 1000 shareholders held.

Still doesn't mean the abusive naked shorts will be forced to cover; therefore, I will continue to keep my eye on what I consider is "The Prize," and that is the Preferreds.

IF a short squeeze happens, that will be a Perk!

JMHO

GO FFGO!

V


Posted by: rbrtgold Member Level Date: Thursday, September 02, 2010 6:34:48 PM
In reply to: None Post # of 158498 Send a link via email Share on Facebook Tweet this post
Vianna, what do you think will happen with FFGO, will they pay the divy?


Posted by: janice shell    Date: Thursday, September 02, 2010 8:41:16 PM 
In reply to: Vianna who wrote msg# 158507  Post # of 158509     

Any comments stating that the short is "ZERO," is "BS" IMO! I am aware of what more individuals hold here and when I subtract those #s and the #s filed in 8Ks by the Company, the result is a negative #, meaning a SHORT position.

HUH?? The o/s is 74.8 billion shares. Sloane owns, what, 17 billion? The note holders presumably still have some left, but none was ever a beneficial owner required to file Schedule 13s.

You believe a bunch of message board posters hold, say 45 billion shares or so? Even more? I really, really don't think so.

But as I've said many times, all you need to prove what you call an "abusive naked short postion" is a NOBO and an OBO. The company's never said anything about that, no doubt because it's well aware that there is no NSS here.

BMFL

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#16 2010-09-02 20:21:33

Bull Finch
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Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Posted by: Vianna    Date: Thursday, September 02, 2010 9:14:41 PM 
In reply to: janice shell who wrote msg# 158509  Post # of 158523     

Really? Well...this is taken from the Company's current website... We are not however, in a position to disprove the allegations of a “Short Position† in your Company’s stock.

http://www.fortfinancegroup.com/faq.html

Taken from the Aug. 14, 2008, PR...
...this leaves a short position in the amount of 4,145,040,751 shares of the Company's Common Stock.

I recall in 2008 when Alan Santini, the CEO at that time, went through some trouble to determine a potential short position in FFGO. He concluded that it was about 4B and communicated it in a PR. I wonder why he went through such trouble when "all he needed to prove an abusive naked short position is a NOBO and an OBO?" Imagine that...


Quote:
--------------------------------------------------------------------------------
But as I've said many times, all you need to prove what you call an "abusive naked short postion" is a NOBO and an OBO. The company's never said anything about that, no doubt because it's well aware that there is no NSS here. ~janice shell

BMFL

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#17 2010-09-03 20:48:20

Bull Finch
Member
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Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Posted by: janice shell    Date: Friday, September 03, 2010 4:40:31 PM 
In reply to: SevenTenEleven who wrote msg# 1008  Post # of 1022     

Looks like someone is putting IOU's in our accounts without putting the trades through.

What?? And who would that "someone" be? Your account is managed by your broker. He could care less about what's in it. And he doesn't subscribe to your "IOU" theory.

Posted by: SevenTenEleven    Date: Friday, September 03, 2010 5:48:43 PM 
In reply to: janice shell who wrote msg# 158708  Post # of 158817     

But shortsellers have told me they've never been required to cover anything but a cash divvy. Of course they don't short Pinks. - Janice Shell

Plenty of data shows that shortsellers do in fact short pinks.

And FFGO is no acception.

Tic Toc

Posted by: janice shell    Date: Friday, September 03, 2010 5:50:22 PM 
In reply to: SevenTenEleven who wrote msg# 158715  Post # of 158817     

Please do provide links to that data.

Shorting very cheap stocks is an unacceptable risk. It's also extremely expensive

BMFL

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#18 2010-09-04 11:08:02

Bull Finch
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Registered: 2010-08-23
Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

TLHamand I accept your wager!

Posted by: TLHamand Date: Friday, September 03, 2010 11:51:46 PM
In reply to: None Post # of 158873

OK, I'll play...

Let's say it's Jan 31st 2011. If you have cash or tradable divi that your hanging on to you win! But, if you still have a divi that has no value, "THE CREW" wins. Who has enough guts to take me up on it? Seven, Rocket, Diamond, Alan, etc..? ~TLHamand

Now if I win meaning I have a cash, or tradable dividend on or before 1/31/2011 I am made moderator of the HGLC board with full powers to hire, and fire.

If I loose the wager meaning I hold dividends of no value on or before 1/31/2011 I will no longer post at ihub and deepcapture.com.~Bull Finch

P.S. I need public confirmation from janice shell that my conditions will be met, because we all know she holds the puppet strings. I have also posted this at deepcapture.com naked shorting victims just incase this gets deleted at ihub.

BMFL

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#19 2010-09-07 08:42:39

Bull Finch
Member
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Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Posted by: AlanC    Date: Tuesday, September 07, 2010 7:32:57 AM 
In reply to: tmsocha who wrote msg# 159374  Post # of 159385     

tmsocha: They say that "beauty is in the eye of the beholder." Looks to me like FFGO management has received sound legal advice on how to do this deal and eliminate all escapte routes for those whom are short. I think those who are short realize they are trapped like rats and are left with only one alternative and that is to pay dearly for their sins. Interesting days ahead. Go FFGO!!!

Posted by: paunch13    Date: Tuesday, September 07, 2010 8:12:23 AM 
In reply to: AlanC who wrote msg# 159376  Post # of 159390     

AlanC
Did you ever think that just maybe Mr. umb was planning on buying the whole of the two properties and that is what Pete told me he was planning on doing, i believe as soon as he has scared as many shareholders into selling out that he can then he will pay the dividends himself and he will own the whole properties
John


Posted by: AlanC    Date: Tuesday, September 07, 2010 8:25:21 AM 
In reply to: paunch13 who wrote msg# 159378  Post # of 159390     

paunch13: I guess anyhing is possible but the more I see the more I believe this whole transaction has been structured to squeeze those short. The A & B shares are not available since they don't trade. If the short going back to the Great West Gold days, long before my time, is as large as I suspect those short are going to need the time between now and the end of the year to buy back what they have shorted. I think news will be given out on a progressive basis to increase the pressure and price and those that cover last will pay the most. Interesting days ahead to be sure. Go FFGO!!!

BMFL

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Last edited by Bull Finch (2010-09-07 09:03:23)

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#20 2010-09-09 17:01:48

Bull Finch
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Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Posted by: can_wait    Date: Thursday, September 09, 2010 3:33:49 PM 
In reply to: None  Post # of 160037     

Here's some good information:

"I think yesterday’s PR by FFGO and NMGL’s 8-K pretty much finishes off Phase 1 for the sale of Bouse and SC. FFGO’s % of the 2 properties is now safely tucked into a fully-reporting vehicle NMGL which operates as an “institutional mining fund†. The preferred shares are firmly tucked into a private company Western Diversified. My biggest concern all along was getting this step done before 9/29/10. After that date FINRA has the power to halt any “corporate action† (like a dividend distribution) for due cause. FFGO’s not reporting for 5 years clearly would have qualified as due cause. Share dividends like this one are more frowned upon by the SROs and regulators than cash dividends obviously. The market makers naked short the shares of FFGO as well as its 3 predecessors are dues paying “members† of FINRA. Over the last 30 years allegedly a fair percentage of the corporations victimized by naked short selling with a chance of turning the tables on abusive short sellers via any one of a variety of “corporate actions† mysteriously either got delisted or had their 12-g exemptions from registration revoked.

NMGL’s 8-K today pretty much sealed the deal on this phase as the preferred shares were indeed sent to “Western Diversified† which is the wholly owned subsidiary of FFGO that held the mining assets. In order to safely effect the sale of these 2 assets you not only need to get them into a fully reporting entity you also need to coalesce 100% ownership of the assets into a vehicle like NMGL so that the end purchasers can pluck 100% of the assets from them. Juan Jose Quijano had to do the same thing with Medinah’s various parcels of mining claims before he could attract the attention of the majors. I would think the next shoe to drop would be to get Searchlight and the other co-owners to sign off on the deal and be sent their preferred shares representing their ownership percentages. Recall that FFGO owned 23% of one property and 46% of the other.

FFGO was not exactly the “darling† of the SROs and thee regulators. After wisely “going dark† (non-reporting) in 2005 and fighting the shorts for 2 years on March 26 of 2007 they suddenly announced that they had increased their authorized share count to 5 trillion shares. Since the management teams of most pink sheet “presumed scams† usually end up distributing shares (often to themselves) up to their authorized limit the shorts sensing a massive pump and dump immediately attacked and drove the share price down by 99%. Soon thereafter management made a press release stating that they just bought back half of their 60 billion shares at super-cheap levels and they reset the authorized to 75 billion. OOPS! The naked short sellers weren’t amused and the gloves have been off ever since. About 30 bashers have been going at it 24/7 ever since constantly insisting that there is no naked short position and that their nonstop efforts are being made while acting as “shareholder advocates† trying to save investors from being duped. Recall that in August of 2008 the DTCC opened up its subsidiary “Euro CCP† and the level of delivery failures mysteriously fell off of a cliff. Since then the FINRA “Threshold list† and the Rule 3210 “Threshold list† for nonreporting issuers have been looked upon as pretty much an intentionally misrepresentative joke.

Meanwhile the next door neighbor to the north of FFGO’s S. Copperstone property, American Bonanza, recently announced that they’re about to go into production underneath their famous “Copperstone Mine’s† open pit. The westerly neighbor of the Bouse property, Tuffnell, this week announced spectacular drill results and their successful finding of the “detachment fault† that FFGO management was hoping was underlying their Little Butte Mine’s historical open pit. Dr. Wayne Colliston’s suspicion was that there was indeed a “detachment fault† underlying Tuffnell’s and FFGO’s properties in the Little Butte Mine area. If so he was hopeful that FFGO’s property might instead of being perhaps a 1 million ounce gold resource might become more of the 10 million ounce detachment fault resource associated with the Mesquite Mine which is also in the same Walker Lane belt that Tuffnell and FFGO cohabitate. The Copperstone Mine that abuts FFGO’s S. Copperstone property is indeed a detachment fault type of deposit and is the largest discovery in Arizona over the last 50 years.

It seems to be fairly clear that Ronnie Lowenthal of South African brokerage industry fame being the principle of Sloan Investment, FFGO’s largest shareholder, and the administrator of the NMGL mining fund is now the one to keep an eye on. He is the mentor of billionaire Stephen Lumb. Being that FFGO’s market cap is a lowly $7.5 million while the stock is trading at $0.0001 they have lost the option to raise money by selling shares (too dilutive) and develop the property themselves. Instead they have “inventoried† the property and appear to be rooting for their next door neighbors to continue to hit pay dirt which has worked out quite nicely so far.

Those employees of the parties that are naked short FFGO are going to make your lives as miserable and as stressful as they possibly can if you follow the various FFGO Internet discussion boards. Their job is to spread “FUD† (fear, uncertainty and doubt) in order to induce you to sell the shares that you own and refrain from buying any more. This way should the cash dividend come to fruition their employers will have to match that many fewer generous cash dividends. Be forewarned. This is still a very complex chess game being played and not for widows and orphans. When the bashers move on to more verdant pastures then and only then be concerned about the validity of the cash dividend.

The updated Q and A was written by some very bright lawyers intimately knowledgeable about liability issues associated with misleading potential investors by making unrealistic promises. Keep that in mind when you’re trying to understand why a certain phraseology was used. The amount and the difficulty of the work these people have gone to in order to effect this dividend distribution are beyond comprehension. It’s a shame of the level of corruption in our markets that U.S. mom and pop investors trying to make a nickel on a development stage corporate investment need to be put through these extremely damaging physical and psychological stresses and strains just so that a minority on Wall Street can route the funds of less financially sophisticated investors into their own wallets."

BMFL <OD

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#21 2010-09-09 17:05:26

Bull Finch
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Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Sent By: SevenTenEleven    To: Bull Finch  Date: Thursday, September 09, 2010 4:45:03 PM 

Posted by: SevenTenEleven Date: Thursday, September 09, 2010 4:43:14 PM
In reply to: janice shell who wrote msg# 160009 Post # of 160016

Have you read the company FAQ? Are you aware that they described the NSS stuff as "wild theories" and "pure fantasy"? - Janice Shell

One last time Janice, you need to either support all that is covered in the FAQ provided by the company as being true and/or likely to happen (i.e. the reward soon to come to common shareholders of FFGO in the form of a dividend) or dismiss all provided in that FAQ update as being misleading.

You can't just focus on the "opinion" of the company regarding short interest and profess to us that that "opinion" was "The Word of The Almighty" and anyone having a different opinion is an idiot.

You also need to focus on the facts, and the 8-K's which support those facts (the sale of assets and the dividends payable to common shareholders) as being facts. The 8-K's are documents filed with the appropriate regulatory agencies with legal intent and disclosure to pay shareholders a dividend.

Anyone who is an investor advocate should be doing all they could to make sure investors see that dividend.

BMFL <OD

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#22 2010-09-10 10:06:27

Bull Finch
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Re: Is this the company that will take the Naked Shortman down?

Posted by: SevenTenEleven    Date: Friday, September 10, 2010 7:50:44 AM 
In reply to: varmit who wrote msg# 160112  Post # of 160153   

Varmit, I have a feeling there are a few retail shareholders with a billion or more shares. MM's still stalling buys IMO. It will take a MM, or two, to force those blocking a bid from forming to fill or move up. They do not want to move up. Moving up and allowing a bid to form at $0.0002, or higher, would start the short cover process if my wild fantasy of "hidden" short interest exists. smile

Tic Toc

Posted by: AlanC    Date: Friday, September 10, 2010 8:39:24 AM 
In reply to: SevenTenEleven who wrote msg# 160118  Post # of 160153   

SevenTenEleven: I find it interesting that so many of us have the same fantasy that FFGO has a huge naked short position hidden off shore. The patriotic thing to do is to bring that money back home where badly needed taxes will be paid on it and that money will flow into our economy causing job creation. Think of all the good things that will happen if our fantasy proves to be true. A few dirty rotten scoundrels will lose their shirts but thousands of little folk and at least one billionaire will benefit. Wouldn't it be great if we started a trend and the same thing happend with other shorted stocks? We have any Monksters in the group? Go FFGO!!!



Posted by: Colorado5    Date: Friday, September 10, 2010 9:18:10 AM 
In reply to: AlanC who wrote msg# 160122  Post # of 160152   

Good Morning Alan and everyone,

I wonder if all the leaders of the different countries are aware of what you wrote, "" The patriotic thing to do is to bring that money back home where badly needed taxes will be paid on it and that money will flow into our economy causing job creation. Think of all the good things that will happen if our fantasy proves to be true.""

Companies that folded, employees that lost their jobs and homes, and all the traders and shareholders that got robbed over the years, all because of some crazy loopholes. TIME TO WAKE UP WORLD LEADERS!!!

From the FAQ,

""Are there any known substantial short positions in Fortress shares of common stock?

Not in our opinion as there is not a shred of evidence to substantiate these wild theories. Those who are true believers in supposed “forced covers† and “bear squeezes† are way off base in our opinion. This type of speculation should be treated as pure fantasy on their parts.

Maybe another question would be "WERE THERE ANY KNOWN SUBSTANTIAL SHORT POSITIONS?" PAST TENSE. jmo.eom.




Posted by: can_wait    Date: Friday, September 10, 2010 9:34:58 AM 
In reply to: Colorado5 who wrote msg# 160124  Post # of 160149   


Here's a post script:

"Are there any known substantial short positions in Fortress shares of common stock?

Not in our opinion as there is not a shred of evidence to substantiate these wild theories. Those who are true believers in supposed “forced covers† and “bear squeezes† are way off base in our opinion. This type of speculation should be treated as pure fantasy on their parts."

The reply:

"Management of FFGO has been under a regulatory microscope for the last 5 years after they took over what ended up being a dirty shell (FPRT). If managment were to say "Hey everybody, we've got a giant naked short position here and we're about to open up a can of whoop @@@ on the shorts. Grab as many shares at .0001 as you can!" then that would be an exellent way to get your trading halted or yourself delisted. There's a little bit of tongue in cheek there as some of the phrasology used was straight from the bashers. The bashers have dragged the family names of some very influential families through the mud for the last 5 years. This has cost these families a variety of business opportunities and immeasurable amounts of grief."

BMFL<OD

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#23 2010-09-10 19:58:52

Bull Finch
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Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Rocket Man     Friday, September 10, 2010 8:34:22 PM 
Re: None    Post #  of 160221   

"(7) EXTRAORDINARY DIVIDEND. If you wish to have the currently selected transacting entity pay out a special, or "extraordinary" dividend to its stockholders. This transaction is for corporations only -- individual don't pay dividends to anyone. To prevent you from thoroughly looting a corporation, and leaving its bank lender and bondholders holding the bag when the company implodes, there are strict limits on how much you can have a company pay out as an "extraordinary dividend." Also, banks and insurance companies are sometimes prohibited from doing so by government regulators, as well, and are much more limited in the amount they can pay out than other companies, when they are allowed to make such a distribution at all.

Any company that has a very poor credit rating will also be unable to pay an extraordinary dividend, and the amount a company is allowed to pay out will be limited, to prevent a payout that is so large it would nearly bankrupt the company.

Generally, an extraordinary dividend is taxable to the same extent as regular, quarterly dividends a company pays out. That is, it is fully taxable to an individual; only 30% of the payout is taxable to a corporation that owns less than 20% of the stock of the payor; only 20% is taxable to a corporation that owns 20% to 79% (or that is under common control with the payor, even if it owns less than 20%) of the stock; and none of the dividend is taxable to a company that owns 80% to 100% of the payor.

That is the general rule. However, if the dividend represents a significant percentage (which varies) of the assets of the paying company, or if the payor company tries to do multiple extraordinary distributions, then you will be warned that the payout will be considered a "partial liquidation" by the tax authorities, and thus will be fully taxable to ALL recipients, including corporations (except a parent corporation owning 80% or more of the payor's stock), and you will be given a chance to call off the transaction, rather than have any corporate recipients of the dividend incur large tax liabilities.

You will notice that when a company pays out a large "extraordinary dividend," the price of its stock will drop immediately after, roughly reflecting the reduction of its net worth (and credit rating) that results from paying out the dividend.

The "Extraordinary Dividend" is a tool used for many decades past by real corporate "raiders" (looters) to strip a company of its liquid assets after they have bought up its stock at a depressed price. It works well, if you don't get hit by too large a tax bite.

Note that if you have sold a stock short in a company that pays out an extraordinary dividend, or even regular quarterly dividends, you must pay, as an expense item, an amount equal to the dividend you would have received if you had been "long" that amount of shares. That expense is not deductible, except as a capital loss against any capital gains you may realize in the same year or later. (Which is only fair, since the reduced value of the shorted stock after the company pays a large dividend will increase your capital gain when you cover your short position in the stock.)" ~unsureofsource :_)

BMFL<OD

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#24 2010-09-12 21:26:37

Bull Finch
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Registered: 2010-08-23
Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

SevenTenEleven     Sunday, September 12, 2010 4:45:41 PM 
Re: bobbybdb post# 160445    Post #  of 160474   

bobbybdb, As we both know, there is no monthly report provided for NSS (naked short shares). We also know there are two sides to every trade, a buy and a sell. Would love to see more proof of the multiple legs that "could" exist. And "could" these misterious multiple legs help hide collective/aggregate short interest?

When 25M shares are sold short and there are only 32M in total volume for the day, it is impossible for those 25M short shares to be covered that trading day.

Couple that 25M short sale with 32M in total volume, with a confirmed buy by a retail investor, and one realizes all of that short was/is only "coverable" by the remaining 7M shares traded for the day.

What makes it even harder for those 25M shorts to be covered is the 7M additional volume that day occurred "hours" prior to the 25M short sale that completed the long position buy by the retail investor.

Why would investor advocates work so hard at making "claims" that there is no way for that 25M short sale to exist, and/or remain "carryover" short interest?

Tic Toc

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#25 2010-09-13 10:50:27

Bull Finch
Member
Registered: 2010-08-23
Posts: 1916

Re: Is this the company that will take the Naked Shortman down?

Vianna     Monday, September 13, 2010 11:25:26 AM 
Re: paunch13 post# 160499    Post #  of 160503   

TO SUM UP FFGO 9/13/10:

I agree, John. Just a matter of time.../V

NOTE: My recap is based upon the PRs and 8Ks, including the 9/8/10 FAQ Update on the Company's website. Please refer to it.
http://www.fortfinancegroup.com/faq.html

1) The Company sold their gold mining interests below to NMGL as of 9/8/10.

Shares in Bouse
510,923,545 (23.22 %)

Shares in S. Copperstone
1,030,421,001 (46.84 %)

2) Next, the Company will be paying FFGO shareholders a Liquidation Dividend of NMGL Preferred A and B shares; however, the following needs to occur:

This Dividend will not be declared until NMGL has

(a) acquired the balance of the Bouse Gold, Inc. shares of common stock giving them 100% ownership of Bouse Gold, Inc. through the issue of additional NMGL Preferred Series “A† shares

(b) acquired the balance of the South Copperstone, Inc. shares of common stock giving them 100% ownership of South Copperstone, Inc. through the issue of additional NMGL Preferred Series “B† shares

(c) audited both Bouse Gold, Inc. and South Copperstone, Inc.

(d) NMGL will be required to file a “Super Form 8-K with SEC upon their obtaining control of both Bouse Gold, Inc. and South Copperstone, Inc.

(e) filed a Registration Statement with the SEC in respect of the NMGL Preferred Series “A† and Series “B† shares

(f) such Registration Statement has become effective

(g) obtained a CUSIP Number and a Trading Symbol for both the NMGL Preferred Series “A† and the Series “B† shares and

(h) admitted the NMGL Preferred Series “A† and Series “B† shares for trading on a recognized exchange.

3) Once the above has been completed, FFGO will provide a Record Date to qualify for the dividend of NMGL Preferred A and B shares; therefore, at this time, we do not know when we will receive the NMGL Preferred A and B shares.

4) After we receive the NMGL Preferred A and B shares (which is TOTALLY separate from our FFGO shares), “one day† after Jan. 1, 2011 (could take a year or more), 100% of Bouse and S. Copperstone will be sold and holders of Preferreds should get CASH for those Preferreds. Maximum payout of $16/Preferred As and $2.20/Preferred Bs. NOTE: It appears that the Preferreds may be tradable based on “(h)† above; therefore, you may have an opportunity to sell them before waiting for the sale of the gold mines. This is my understanding and opinion only.

5) For every 1M shares of FFGO…$100 worth (assuming purchased at .0001), you will get 162 Preferred As and 392 Preferred Bs which could have a maximum CASH payout of $16/Preferred As and $2.20/ Preferred Bs (see below). Basically, you buy $100’s worth and you “could† get $3454 cash once the mines are sold. This is how the #s work for FFGO shareholders (see clip below). Too good to be true?? Maybe, but, personally, I am taking my chances.

162 X $16 = $2,592
392 X $2.20 = $862.4

TOTAL = $3454.4

6) The Company sold its assets and is considered dormant.

7) Shareholders will likely receive no additional updates until the Record Date is set and communicated to shareholders.

8) There are many believers and non-believers. It’s a pinksheet stock and a lotto play when you consider you could get 34Xs your money. You decide whether you want to risk your money for that “what if† scenario. REMEMBER to play with $ you can afford to lose, as FFGO is not only a pinksheet stock but a very controversial and RISKY one.

9) Also, it is rumored that there is a large naked short position in FFGO. The Company recently communicated that they disagree with this opinion and even used “pure fantasy† to refer to its possibility. Personally, I believe it does exist when I review the breakdown of the #s for FFGO's O/S below. The shares are all accounted for, leaving about 8B for approx. 1000 shareholders. I happen to know 25 shareholders that hold 8.4B. You work the #s.

NOTE: This does NOT mean that I am encouraging people to buy due to a possible short squeeze. THIS IS JUST MY OPINION and we've been told by the Company it is "pure fantasy." Also, I’m NOT counting on it. I think crooks have ways to beat the system, but I am hoping for that “perk.† My focus is getting the NMGL Preferred A and B shares and then waiting –whatever time it may take – to potentially receive 34Xs my money.

BREAKDOWN OF FFGO's 75B O/S:

74,813,049,643 FFGO O/S
(43,250,671,826) Shares used to pay debt
(3,000,000,000) Restricted shares for Chang and Schmiedt
(2,400,000,000) Alan Santini
(500,000,000) Pete Bezzano
(17,645,966,686) Sloane Investments
_____________________________________________

= 8,016,411,131
(This is the amount left for approx. 1000 FFGO shareholders)

# Number of Shareholders of Record (taken from pinksheets.com)
982 as of Feb 15, 2010

10) Lastly, this is a great post that I feel is worth reading …
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54238500

GOOD LUCK whatever you decide!

V


CALCULATION FOR: NMGL Preferred A and B shares for FFGO SHAREHOLDERS:


CALCULATION FOR: NMGL Preferred A and B shares for
HISTORICAL DIVIDEND HOLDERS OF BOUSE & S.COPPERSTONE:
NOTE: “200,000† is only an example. Please input the # of shares you hold to determine the totals.


BMFL<OD

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