Discussing the crime of naked short selling
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SevenTenEleven Share Friday, January 06, 2012 8:28:26 AM
Re: wrj post# 192767 Post # of 193838
FFGO - A's and B's coming! Hold onto those shares FFGO'ers! Shorty needs them back! He has been hoping for write-downs! Only way he could cover with the registration revoked!
Company warned about false claims about the company and the dividend!
Tic Toc
SevenTenEleven Share Friday, January 06, 2012 12:03:38 PM
Re: RayBoyBarber post# 192789 Post # of 193839
but showing $0 next to the ticker number - SevenTenEleven
SevenTenEleven, don't they usually assign a "number" to replace the stock symbol for a revoked stock? - RayBoyBarber
SevenTenEleven Share Friday, January 06, 2012 12:06:38 PM
Re: RayBoyBarber post# 192792 Post # of 193839
Now we have a number? Wonderful. - RayBoyBarber
All one has to do is check their broker holdings to see that a number has been assigned to what was formally known as FFGO. The number was assigned in November 2010.
AKFish, I knew what you meant on your first post. Same here (no value) -RayRoyBarber
Hope that helps!
SevenTenEleven Share Friday, January 06, 2012 1:05:41 PM
Re: JammingJAY post# 191898 Post # of 193839
FFGO - As an investor and a shareholder, I am looking forward to the 3449% ROI!
Was hoping to add more before the revocation. Oh, well! Marker makers refused to fill my buy orders for days.
Tic Toc
SevenTenEleven Share Friday, January 06, 2012 4:12:11 PM
Re: wrj post# 192764 Post # of 193839
FFGO - Payday must be coming!
Looking forward to the 3% interest on that $0.003449 possibly being paid out also!
January 11th is as good as any other day, IMO.
Wasn't 01/01/2011 a date listed in the filings?
The 11th may come and go, but it sure seems like we are getting close!
Tic Toc
SevenTenEleven Share Friday, January 06, 2012 4:31:13 PM
Re: SevenTenEleven post# 192817 Post # of 193839
FFGO - Revocations can and have been reversed for companies. Just have to get current and compliant with SEC. Imagine if filing a simple 15-12D or 15-15D for FFGO or NMGL or RENS takes care of the daily worries about not filing?
Tic Toc
AlanC Share Friday, January 06, 2012 4:46:14 PM
Re: SevenTenEleven post# 192725 Post # of 193839
$3,449.00 per million shares or per $100.00 invested in many instances (although I do have shares I paid .02) for is an awesome return! Go FFGO!!!
SevenTenEleven Share Friday, January 06, 2012 4:55:59 PM
Re: AlanC post# 192821 Post # of 193839
AlanC, $3,449.00 per $100 invested on the dividend and hopefully $134.70 per $100 invested on the 3% interest as stated in the filings.
Looking forward to the record date!
AlanC Share Friday, January 06, 2012 5:05:47 PM
Re: SevenTenEleven post# 192822 Post # of 193839
That would be sweet! Go FFGO!!!
Dividends of 3400%+ are awesome! Interest on top of that would be spectacular!!!
SevenTenEleven Share Friday, January 06, 2012 6:28:20 PM
Re: puppydotcom post# 192825 Post # of 193839
rotf.. maybe the state of WYO can reverse FFGO's revoking - puppydotcom
The system doesn't work like that. The company would have to do the necessary filings to get re-registered.
Doubt they will. Don't need to to liquidate assets as outlined in the 8-K filings.
Good Luck
AlanC Share Friday, January 06, 2012 6:41:38 PM
Re: puppydotcom post# 192826 Post # of 193839
Your $100.00 may be gone but mine isn't. JMScott shows a value for every share sitting in my account. Now they don't show the $3,449.00 per million shares yet but I will patiently wait as the company suggested and will be very satisfied when those divys do appear in my account. I bet you thought the first 3 dividends would never be paid either. It took some time but they did arrive so I am told. Management produced the divys in the past and I believe they will deliver again as promised. Go FFGO!!!
Dividends of 3400%+ are awesome!
5T WD haha
BMFL<OD
next week(s) is here
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SevenTenEleven Share Saturday, January 07, 2012 8:58:18 AM
Re: AKFish post# 192838 Post # of 193839
AKFish, I have the same thing. Never have I had a "glitch" like that appear in my accounts.
SevenTenEleven Share Saturday, January 07, 2012 8:59:23 AM
Re: underdog150 post# 192837 Post # of 193839
FFGO - Still have value in my account!
Good Luck!
AlanC Share Saturday, January 07, 2012 9:30:20 AM
Re: AlanC post# 192704 Post # of 193839
Did you know FFGO management has been fighting the naked shorting of its stock for over 6 years? Did you know that the stock was billions short back in 2006? Did you know that management tried hard to force those short to cover and regulators failed to enforce existing rules and regulations and allowed the naked shorters to continue to sell more non existant shares into the markets? Did you know management used every method available to them to try and thwart the attacks including multiple dividends and even reverse splitting the stock and still the naked shorters continued to sell non existant shares trying to drive FFGO into bankruptcy? Thanks management for being such warriors! Thanks for developing a plan that will insure that your shareholders are compensated for the suffering endured at the hands of the criminal naked shorters. Thanks for your courage and your caring.
Go FFGO!!!
Dividends of 3400%+ are awesome!
Thanks to BullFinch for this DD:
Great West Gold, Inc. Continues
To Monitor Short Selling
NEW YORK, May 8, 2006 – Great West Gold, Inc. (OTC BB:GWGO) confirms that BUYINS.NET, www.buyins.net, continues its coverage of Great West Gold, Inc. (OTCBB: GWGOE) after releasing the latest short sale data through May 2006. From January 2005 to May 2006 approximately 28.73 billion total aggregate shares of GWGOE have traded for a total dollar value of nearly $22.7 million. The total aggregate number of shares shorted in this time period is approximately 2.21 billion shares. The GWGOE SqueezeTrigger price of $0.00079 is the volume weighted average short price of all short selling in GWGO. A short squeeze started when shares of GWGOE closed above $0.00079. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net/.
Press Release
Great West Gold, Inc. Email:investor@greatwestgold.com
http://www.greatwestgold.com/pdfs/080506_GWG_PR_Buyins_Report.pdf
Great West Gold, Inc. – Squeeze Trigger Report
NEW YORK, NY, February 21, 2006, Great West Gold, Inc. (OTC BB: GWGO) announced on February 16, that www.buyins.net, is initiating coverage of Great West Gold, Inc. (OTCBB: GWGO) after releasing the latest short sale data through February 2006. From January 2005 to February 2006 approximately 20.59 billion total aggregate shares of GWGO have traded for a total dollar value of nearly $12.35 million. The total aggregate number of shares shorted in this time period is approximately 1.59 billion shares. The GWGO SqueezeTrigger price of $0.0006 is the volume weighted average short price of all short selling in GWGO. A short squeeze is expected to begin when shares of GWGO close above $0.0006. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://buyins.net/squeezetrigger.pdf.
Press Release
Great West Gold, Inc. Email:investor@greatwestgold.com
http://www.greatwestgold.com/pdfs/210206_GWG_PR_Squeeze_Trigger_Report.pdf
Great West Gold, Inc. –
Share Price And Trading Activity
NEW YORK, NY, February 17, 2006, Great West Gold, Inc. (OTC BB: GWGO) confirms that it has noted that its share price traded at a new low yesterday with in excess of 1 billion shares being traded on that day.
The Company has requested an urgent “Squeeze Trigger” Report from www.buyins.net in respect of the Company’s trading including yesterday and upon receipt of this report, it will be published by the Company.
Press Release
Great West Gold, Inc. Email:investor@greatwestgold.com
http://www.greatwestgold.com/pdfs/170206_GWG_PR_Trading_Activity.pdf
Great West Gold, Inc. – Update On Naked Short Selling
Great West Gold (“GWGO”) Report
NEW YORK, December 27, 2005 – Great West Gold, Inc. (OTC BB:GWGO) announced on November 8, 2005 that Great West Gold, Inc. has now subscribed to a service that will “expose” all naked short positions in its stock on a monthly basis. The Company undertook to publish this list on its web site and issue a Press Release disclosing full details contained in that monthly report. Great West Gold, Inc. is now determined to attack those who are involved in the illegal naked short selling of its stock.
Press Release
Great West Gold, Inc. Email:investor@greatwestgold.com
http://www.greatwestgold.com/pdfs/271205_GWG_PR_Update_on_Short_Selling.pdf
Great West Gold, Inc. – UPDATE ON NAKED SHORT NEW YORK, November 9, 2005 – Great West Gold, Inc. (OTC BB:GWGO) announced on November 8, 2005 that Great West Gold, Inc. has now subscribed to a service that will “expose” all naked short positions in its stock on a monthly basis. The Company undertook to publish this list on its web site and issue a Press Release disclosing full details contained in that monthly report. Great West Gold, Inc. is now determined to attack those who are involved in the illegal naked short selling of its stock.
Press Release
Great West Gold, Inc. Email:investor@greatwestgold.com
http://www.greatwestgold.com/pdfs/091105_GWG_PR_Update_on_Short_Selling.pdf
AlanC Share Saturday, January 07, 2012 9:31:14 AM
Re: AlanC post# 192706 Post # of 193839
So far regulators hsve no explanation for these short sale numbers. Since these numbers are taken from their own website it sure seems odd. It also seems odd that the reporting of SHO numbers suddenly stopped on 8/10/10. Does anyone know of any other stock that this has happened to?
FINRA short sale numbers for Novemeber 2010 for FFGO!!!
20101101|FFGO|2849999|3849999|0 74%
20101102|FFGO|1750000|1750000|O 100%
20101103|FFGO|7000000|7107200|O 98%
20101104|FFGO|2000000|2000000|O 100%
20101105|FFGO|7999999|10999999|O 73%
20101108|FFGO|15050000|26500000|O 57%
20101110|FFGO|1000000|2898917|O 34%
20101111|FFGO|2419999|2419999|O 100%
20101112|FFGO|3100000|3200000|O 97%
20101116|FFGO|1000000|1340000|O 75%
20101117|FFGO|6000001|10778584|O 56%
20101118|FFGO|2000000|4014600|O 50%
20101122|FFGO|19845000|19845000|O 100%
20101123|FFGO|500000|1000000|O 50%
20101130|FFGO|20385000|21035000|O 97%
Nov. totals: 79,354,998.00 107,739,299.00 74% sold short
Here are the FINRA short sale numbers for December 2010:
20101202|FFGO|999999|999999|O 100%
20101203|FFGO|615000|4585000|O 13%
20101206|FFGO|1100000|1220000|O 90%
20101207|FFGO|700000|3700000|O 19%
20101208|FFGO|750000|1017259|O 74%
20101209|FFGO|2500000|4500000|O 56%
20101210|FFGO|57089999|74194973|O 77%
20101213|FFGO|6000000|10005000|O 59.7%
20101214|FFGO|28900077|31695902|O 91%
20101215|FFGO|5500000|5704441|O 96%
20101216|FFGO|33250000|54755000|O 61%
20101217|FFGO|8890998|9340998|O 95%
20101220|FFGO|5615800|6660800|O 84%
20101221|FFGO|9600000|11200000|O 86%
20101222|FFGO|24577777|31723803|O 77%
20101227|FFGO|154399995|176901620|O 87%
20101228|FFGO|4999999|4999999|O 100%
20101229|FFGO|9382269|9426819|O 100%
20101230|FFGO|7000000|7010000|O 100%
20101231|FFGO|4081168|8192303|0 50%
Dec. totals: 361,453,081.00 457,833,916.00 79%
2010 short sale totals: 440,808,079. out of a total volume of 565,573,215 or 78% shares sold short. Note well the SEC only started publishing FINRA's daily short sale numbers in Nov. of 2010.
January 2011
20110103|FFGO|20000000|22953402|O 87%
20110104|FFGO|9100000|9400000|O 96.8%
20110105|FFGO|8250000|13250000|O 62.3%
20110106|FFGO|11000000|11220000|O 98%
20110107|FFGO|9999999|9999999|O 100%
20110110|FFGO|400000|900000|O 44%
20110111|FFGO|1500000|2000000|O 75%
20110112|FFGO|1400000|1400000|O 100%
20110113|FFGO|1300000|1800000|O 72%
20110114|FFGO|23859999|38587151|O 61%
20110118|FFGO|3000400|3400400|O 88%
20110120|FFGO|7499999|8099999|O 92.5%
20110124|FFGO|1800000|1800000|O 100%
20110125|FFGO|800000|800000|O 100%
20110126|FFGO|10000000|10000625|O 99.9%
20110131|FFGO|317800|317800|O 100%
February 2011
20110202|FFGO|20700000|36210000|O 57%
20110203|FFGO|13400000|38601000|O 34.7%
20110209|FFGO|200000|365000|O 54.7%
20110210|FFGO|2900000|3700000|O 78.3%
20110211|FFGO|500000|4970000|O 10%
20110214|FFGO|2000000|2006250|O 99.6%
20110216|FFGO|17700000|27770000|O 63%
20110217|FFGO|525499999|528499999|O 99.4% COLD WINTER DAY
20110218|FFGO|7600000|8725000|O 87.1%
20110222|FFGO|10000000|10526708|O 94.9%
20110223|FFGO|2000000|2700000|O 74%
20110225|FFGO|1000000|1455000|O 68.7%
March 2011
20110301|FFGO|1000000|0|1350000|O 74%
20110303|FFGO|1795000|0|3492848|O 51%
20110304|FFGO|100000|0|100000|O 100%
20110307|FFGO|1800000|0|1800000|O 100%
20110311|FFGO|500000|0|500000|O 100%
20110314|FFGO|2000000|0|2000000|O 100%
20110315|FFGO|3500000|0|4500000|O 77.7%
20110316|FFGO|11500000|0|11500650|O 99.99%
20110317|FFGO|3114000|0|3617357|O 86%
20110318|FFGO|13020000|0|13020000|O 100%
20110324|FFGO|150000|0|701113|O 21%
20110325|FFGO|110000|0|110000|O 100%
20110329|FFGO|1497300|0|1497300|O 100%
20110331|FFGO|1999999|0|3430269|O 58%
April 2011
20110404|FFGO|5891100|0|6651100|O 88.5%
20110405|FFGO|126400|0|126400|O 100%
20110406|FFGO|150000|0|150000|O 100%
20110411|FFGO|456000|0|456000|O 100%
20110413|FFGO|876543|0|876543|O 100%
20110414|FFGO|4100000|0|4741400|O 86.4%
20110415|FFGO|1500000|0|2500000|O 65%
20110420|FFGO|100000|0|100000|O 100%
20110421|FFGO|1560000|0|1560000|O 100%
20110425|FDTC|4000|0|25000|O 16%
20110426|FFGO|1000000|0|1000162|O 99.9%
20110427|FFGO|1000000|0|1000000|O 100%
20110428|FFGO|8072700|0|8322700|O 96.9%
20110429|FFGO|30210000|0|30210000|O 100%
May 2011
20110502|FFGO|4476700|0|4476700|O 100%
20110503|FFGO|7338600|0|10788600|O 68%
20110504|FFGO|2000000|0|2000000|O 100%
20110505|FFGO|1620000|0|2140000|O 75.7%
20110506|FFGO|1500000|0|1505583|O 99.6%
20110509|FFGO|1000000|0|1000000|O 100%
20110511|FFGO|3000000|0|3040000|O 88.2%
20110512|FFGO|7200000|0|8200000|O 87.8%
20110516|FFGO|8200000|0|8300000|O 98.7%
20110517|FFGO|4099900|0|4199900|O 97.6%
20110518|FFGO|585000|0|585000|O 100%
20110520|FFGO|1000777|0|1000777|O 100%
20110523|FFGO|2000000|0|2000000|O 100%
20110524|FFGO|500000|0|800000|O 62%
20110525|FFGO|18585000|0|18585000|O 100%
20110527|FFGO|1000000|0|1000000|O 100%
20110531|FFGO|7628700|0|8031462|O 94.9%
June 2011
20110603|FFGO|400000|0|400000|O 100%
20110606|FFGO|2710000|0|2710000|O 100%
20110607|FFGO|24000000|0|24000000|O 100%
20110608|FFGO|173800|0|173800|O 100%
20110609|FFGO|2500000|0|2500000|O 100%
20110610|FFGO|83100|0|83100|O 100%
20110614|FFGO|1500000|0|1500000|O 100%
20110615|FFGO|1000000|0|1000000|O 100%
20110616|FFGO|2000000|0|2000000|O 100%
20110617|FFGO|1105223|0|1355223|O 81.5%
20110621|FFGO|423000|0|423000|O 100%
20110623|FFGO|1000000|0|1000000|O 100%
20110624|FFGO|3401333|0|3401333|O 100%
20110629|FFGO|8619200|0|8619200|O 100%
20110630|FFGO|200400|0|200400|O 100%
July 2011
20110701|FFGO|5497995|0|5497995|O 100%
20110706|FFGO|400400|0|700400|O 57%
20110711|FFGO|500000|0|1400000|O 35%
20110714|FFGO|1102699|0|1102699|O 100%
20110715|FFGO|300100|0|400100|O 75%
20110718|FFGO|10850000|0|10850000|O 100%
20110719|FFGO|74000000|0|74000000|O 100%
20110720|FFGO|54100000|0|54100000|O 100%
20110722|FFGO|30000000|0|30000000|O 100%
20110725|FFGO|10346500|0|10346500|O 100%
20110727|FFGO|2400100|0|3400100|O 70.5%
August 2011
20110801|FFGO|8900000|0|8900000|O 100%
20110803|FFGO|5550000|0|5550000|O 100%
20110804|FFGO|7000100|0|10325100|O 67%
20110805|FFGO|5573333|0|5723333|O 100%
20110808|FFGO|405800|0|405800|O 100%
20110809|FFGO|3400000|0|3500000|O 97.1%
20110811|FFGO|3279000|0|3279000|O 100%
20110812|FFGO|100100|0|100100|O 100%
20110815|FFGO|14500000|0|14500000|O 100%
20110816|FFGO|1000000|0|1000000|O 100%
20110817|FFGO|10490000|0|10490000|O 100%
20110818|FFGO|4000000|0|4000000|O 100%
20110822|FFGO|467000|0|467000|O 100%
20110823|FFGO|55633600|0|55633600|O 100%
20110824|FFGO|500000|0|500000|O 100%
20110825|FFGO|750000|0|750000|O 100%
20110829|FFGO|1500000|0|1500000|O 100%
20110831|FFGO|45327062|0|61885560|O 73.2%
September 2011
20110901|FFGO| 777000|0| 832000|O 93.3%
20110902|FFGO|4000000|0|4000000|O 100%
20110908|FFGO|1920000|0|1920000|O 100%
20110909|FFGO|2500000|0|2500000|O 100%
20110913|FFGO|5000000|0|5299100|O 94.3%
20110914|FFGO|3000000|0|3000000|O 100%
20110923|FFGO|2000000|0|2320000|O 86.2%
20110928|FFGO|1000600|0|1125600|O 88.8%
Month totals: 20,197,600/20,996,700 96.1%
October 2011
20111003|FFGO|500000|0|500000|O 100%
20111004|FFGO|2000000|0|2000000|O 100%
20111005|FFGO|310000|0|590000|O 52.5%
20111006|FFGO|600000|0|1600000|O 37.5%
20111010|FFGO|100000|0|100000|O 100%
20111012|FFGO|2010000|0|2390000|O 84.1%
20111013|FFGO|2999999|0|2999999|O 100%
20111014|FFGO|4000000|0|4000000|O 100%
20111018|FFGO|8000000|0|11000000|O 72.7%
20111019|FFGO|1000000|0|1000000|O 100%
20111026|FFGO|2150000|0|2150000|O 100%
Month totals: 23,659,999/28329,999 83.5%
FFGO YEAR TO DATE
JAN 110,228,197/ 135,899,376
FEB 603,499,999/ 665,528,957
MAR 42,086,299/ 47,619,537
APR 55,046,743/ 57,719,305
MAY 71,734,677/ 77,653,022
JUN 49,116,056/ 49,366,056
JLY 189,497,794/ 191,797,794
AUG 168,375,995/ 188,509,493
SEP 20,197,000/ 20,996,700
OCT 23,659,999/28,329,999
Year to date totals
1,333,442.759/ 1,453,420,239 91.7% SHORT VOLUME for shares sold in 2011
regsho.finra.org/FORFshvol20110324.txt
Total short volume since FINRA began publishing records in Nov. 2010:
1,774,250,838 short shares sold out of total volume of 2,018,993,454 or 87.9% of all shares sold were sold short!
Rocket Man Share Saturday, January 07, 2012 11:18:24 AM
Re: AlanC post# 192844 Post # of 193839
Glad to see your well. And no, none.. Very simple.. SHORT work to be sure.
Alan keep in mind FINRA states that the REG SHO BI Monthly is Effectively a sham as the numbers they report are under-reported and under-inclusive!
Must be why we still have significant 24/7 traffic in FFGO for a revoked stock.. lol
RM
Quote:
--------------------------------------------------------------------------------
Quote:
8 Certain OTC transactions (e.g., riskless principal and agency transactions where one member is acting on behalf of another member) are reported to FINRA in related tape and non-tape reports. Tape reports are submitted to FINRA for public dissemination by the appropriate exclusive Securities Information Processor (“SIP”), while non-tape reports are submitted to FINRA, but are not submitted to the SIP for public dissemination. FINRA will not be including non-tape reports in either the daily short sale volume file or the monthly short sale transaction file. Accordingly, in those instances where the short sale indicator is only included in the related non-tape report, the short sale data published in the daily and monthly files may be under-inclusive. Similarly, the published figures will not include odd lots since these transactions are not disseminated to the consolidated tape.
11 While members generally are required to report trades in equity securities to FINRA within 90 seconds, a firm could improperly delay reporting of short sales until well after the close, which would result in the under-reporting of over-the-counter short sale volume. Delaying the reporting of trades for such a purpose would be considered a violation of the applicable trade reporting rules and Rule 2010 (Standards of Commercial Honor and Principles of Trade).
http://www.sec.gov/rules/sro/finra/2009/34-60807.pdf
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Quote:
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So far regulators hsve no explanation for these short sale numbers. Since these numbers are taken from their own website it sure seems odd. It also seems odd that the reporting of SHO numbers suddenly stopped on 8/10/10. Does anyone know of any other stock that this has happened to?
AlanC Share Saturday, January 07, 2012 12:34:03 PM
Re: Rocket Man post# 192845 Post # of 193839
RocketMan: For some reason the regulators don't seem to be willing to answer questions about why those SHO numbers disappeared for FFGO. That is one of the major contributors along with no connected individual ever being charged by regulators that the dividend is an agreed upon settlement.
Go FFGO!!!
Dividends of 3400%+ are awesome!
AlanC Share Saturday, January 07, 2012 12:39:29 PM
Re: aceshigh2 post# 192846 Post # of 193839
aceshigh2: Sadly hit pieces like that are written all the time these days. I doubt you will find that the author is a Puitzer Prize winner. lol Hang in you have everything to gain. Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Saturday, January 07, 2012 2:52:31 PM
Re: puppydotcom post# 192849 Post # of 193839
FFGO - Everything covered in the FAQ's and the SEC filings!
Looking forward to our 3449% ROI!
DID you know FFGO management has ABANDONED FFGO
DID you know FFGO has been REVOKED
DID you know FFGO share holders have LOST 100% of their investment - puppydotcom
Good Luck!
SevenTenEleven Share Saturday, January 07, 2012 4:41:43 PM
Re: Mike2211 post# 192834 Post # of 193839
I wish I never invested any money in FFGO, its not just the money that hurts; its also the dissapointment.
140,000,000 FFGO shares. It hurts. - Mike2211
Mike2211, I tried to buy shares while on the grey market. My order sat for days with no fill. Market makers refused to sell me shares. Wonder why?
My attempt to buy should have taken shares off sellers hands that were desperately trying to get out before the revocation.
It is strange that the market makers refused to match my buy with sell offers.
Good Luck!
srm4u Share Saturday, January 07, 2012 8:16:17 PM
Re: None Post # of 193839
Is it time to buy a gold mine in Arizona?
The price of gold passed $1,000 an ounce this morning which no doubt will be a major news story throughout the day.
So, is it time to think about opening your own gold mine? The latest report from the Arizona Dept. of Mines & Mineral Resources includes this list of gold prospects for sale:
Ambassador: Precambrian gold and silver deposit with underground and possible open pit.
Bonanza: Detachment fault gold / silver deposit. Former Phelps Dodge project.
Bouse: Gold and silver detachment fault deposit in La Paz County, Arizona. Former Homestake Gold project.
Clara Moro, Silverfield Gold: Gold deposit in detachment fault environment. The Clara property has encouraging results from a drill campaign by Nevada Pacific. The Silverfield may be a hot springs high grade gold / silver deposit in detachment fault environment. Its close to Clara Moro and could be jointly explored.
Ester Basin: Gold, silver and copper deposit spatially associated with diatreme in detachment fault environment. Former Phelps Dodge project.
McCracken Gold: Gold with silver and copper in breccia zone adjacent to one of Arizona’s historic silver producers.
Mockingbird: Gold and silver deposit related to detachment fault. Anaconda / Chevron work indicated potential.
North Rawhide: Upper plate gold, silver and copper deposit. Former Phelps Dodge project.
Oatman: A dozen mines in Arizona’s largest primary gold district. Includes patented Lexington gold mine. High-grade Tertiary vein deposit in volcanics with potential for low-grade open pit resource.
South Copperstone: Large contiguous claim block adjacent to the Copperstone Mine, Arizona’s largest recent open pit gold producer.
http://arizonageology.blogspot.com/2008_03_01_archive.html
5T WD haha
BMFL<OD
next week(s) is here
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wrj Share Sunday, January 08, 2012 10:36:47 AM
Re: A deleted message Post # of 193839
When the time comes the FFGO board will burst with activity. It will be truly amazing to see long time shareholders who spent their hard earned money be rewarded for their efforts
SevenTenEleven Share Sunday, January 08, 2012 10:48:12 AM
Re: wrj post# 192874 Post # of 193839
FFGO - DO NOT WRITE-DOWN YOUR SHARES FOR A LOSS PRIOR TO THE RECORD DATE!
DO NOT GIVE INTO SHORTY'S HOPES AND DREAMS OF CLOSING OUT HIS NAKED SHORT POSITIONS!
DIVIDEND IS COMING! TAKING LONGER THAN ANTICIPATED!
BUT AS THE COMPANY STATED, IT WILL BE WORTH IT FOR ALL SHAREHOLDERS LARGE AND SMALL!
WILL THE PAYOUT BE SLIGHTLY REVISED AS A RESULT OF GOLD SITTING ABOVE $1600?
HOLD ONTO THOSE SHARES!
BROKER MADE IT VERY CLEAR THAT REVOKED COMPANIES HAVE BEEN KNOWN TO PAY LIQUIDATING DIVIDENDS TO SHAREHOLDERS!
PAYMENT WOULD BE TRIGGERED ON THEIR END BY A NOTICE FROM THE DTCC!
WHICH WILL BE TRIGGERED BY THE LONG ANTICIPATED 8-K AND BY FINRA!
STATE OF WYOMING STATUTES, GOVERNING DISSOLUTION, ARE IN SHAREHOLDERS' FAVOR!
TIC TOC
OldBen Share Sunday, January 08, 2012 4:20:30 PM
Re: SevenTenEleven post# 192875 Post # of 193839
Very True SevenTenEleven. I would like to say that many of us should be able to get tax benefits without writing down the shares. I have fidelity and scottrade. Both of those accounts show zero (no value). I believe that you have different brokerage houses that still show a positive value.
I believe that when I receive my 2011 tax forms from my brokerage houses concerning FFGO, they will show a total loss. I should be able to claim the total loss up to $3,000 on my capital gains. Capital gains or losses in no way affect the shares. They are still valid.
There is no need to write down shares. There are many FFGO shareholders that hold less than $3,000 in invested funds. They can use capital gains losses as a way to help their tax burdens.
For shareholders with accounts larger than $3,000, there is nothing that you can do. Hopefully, 2012 will result in a dividend or a legal settlement.
I should add that you have nothing to lose. The government is surely going to want any future FFGO capital gains through dividends or legal settlements. So, might as well claim the capital losses for 2011.
Rocket Man Share Sunday, January 08, 2012 10:59:38 PM
Re: None Post # of 193839
No change in the outcome for FFGO.. http://fortfinancegroup.com/
Rocket Man Share Sunday, January 08, 2012 11:01:24 PM
Re: None Post # of 193839
FFGO~ Still in communication..
Quote:
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Investor FAQ
(Updated 9/8/2010- 9:43 AM)
The various subjects covered in this section are in response to the most pertinent questions being asked by our stockholders. We are of the opinion that we have covered all of the various topics of interest and will add to this list as additional topics become relevant:
Additional Questions and Answers Concerning the Sale of the Company’s Gold Interests and the proposed payment of an Extraordinary Dividend
Fortress Financial Group, Inc. (“Fortress”) has now successfully concluded on September 8, 2010; the sale of the company’s gold interests to North American Gold & Minerals Fund (“NMGL”) for Preferred Series “A” and Preferred Series “B” shares of NMGL stock.
This update is intended to address many of the questions that our shareholders have asked concerning this transaction, the future dividend process and the eventuality of receiving cash in respect of this dividend.
It is an unfortunate consequence of this process that no matter how much information we communicate to the shareholders, there will inevitably be still more questions that come up. This update is conclusive in that the answers that we provide herein summarize the status of the sale process and the proposed dividends up to this point in time.
Since the company is ceasing to operate, there will be no further updates and the shareholders must rely solely on regulatory filings and company emails as they come forward in the course of events in order to receive any further insight into the dividend payout process. This will take some time, and we cannot at this time say how long it will take.
The company and its majority shareholders have taken the view that however long it takes to receive the NMGL Preferred Series “A” and Series “B” share dividends and for those dividends to be converted into a cash payout, it will have been well worth the wait when that time comes. This is the reason that Fortress has issued so much guidance as to the likely value of the cash payout in respect of the proposed extraordinary dividend.
Clearly any investor in this day and time would consider an investment yielding several multiples of the money invested would be an investment worth waiting for. This is the result that Fortress has labored to achieve for all of our shareholders, large and small. Our labors are now concluded and now we only await the dividend distribution and subsequent conversion of the assets by the purchaser, into cash.
Question: In layman’s terms how does this benefit us all?
There are several major benefits to shareholders that apply.
The structure of the final deal has taken care of many previously insurmountable hurdles concerning the eventual disposal of the assets. Quite simply, how do you dispose of something that you only own a portion of? The purchaser has taken that problem off the table as they will be purchasing the entirety of the assets so they can be readily disposed. In addition, the purchaser has sorted through many of the problematic contractual details that were absolutely vital in order to dispose of the assets.
The issuance of the NMGL Preferred Series “A” and “B” shares is an excellent vehicle for this purpose as it guarantees the holders of these Preferred shares that only they will benefit from the disposal of the assets. Preferred shares are commonly issued by major corporations for special classes of investment that are designed as maximum protected for the holders of those Preferred shares.
The purchaser is designed to become a highly qualified institutional quality organization. Though there is little information available in the public record at this time, this will become much clearer as time goes by.
The NMGL Preferred Series “A” and Series “B” Preferred shares will be tradable at such time as a Registration Statement is filed by NMGL with the SEC in respect of these instruments and such Registration Statement has become effective.
What about historic dividends versus the FFGO common stock dividends?
Some shareholders have received dividends from their stock holdings in 2005. Those shareholder accounts are kept in the company records and the DTC lists of the stock registers for the historic shareholders. Fortress filed a Form 8-K detailing the apportionment of shareholdings pertaining to historic shareholders versus current shareholder of Fortress shares of common stock. The details of that apportionment can be viewed on the company web site www.fortfinancegroup.com under ‘investors’ -> ‘dividends’ -> historic dividends.
All shareholders will become shareholders of NMGL Series “A” Preferred and NMGL Series “B” preferred shares if they are stockholders of Record when Fortress announces this Dividend. This is a necessary step in the process of cleanly apportioning a cash distribution should NMGL be successful in obtaining a cash buyer for these assets.
NMGL intends to purchase 100% ownership of Bouse Gold, Inc. and South Copperstone, Inc. This is imperative if they are to sell these Gold assets for cash going forward. NMGL has not however provided us with any timeframe as to when they intend to acquire the additional shares of Bouse Gold, Inc. and South Copperstone, Inc. and NMGL will clearly continue to follow their own business plan and will only complete all of these transactions as and when it fits into their own business plan. This NMGL policy very clearly extends as well to their purchasing shares from historic stockholders from 2005 who received shares of Bouse Gold, Inc. and of South Copperstone, Inc.
What about the share price guidance given by Fortress to Shareholders?
The share price guidance given by Fortress to shareholders is quite simply the most basic and rudimentary means to convey what the company believes is the value of the assets in terms of the value of the shares that each shareholder owns. This guidance is useful in that it guides not only what the shareholders might reasonably expect to receive in compensation for their patient investment, but also guides the company and the purchaser as to what value they should expect to receive for disposal of the assets.
Some shareholders have expressed disappointment that the extraordinary dividend was not at least a partial cash dividend. Hopefully from the foregoing commentary one can glean the enormous challenges in arriving at a final cash distribution for sale of the gold interests. Fortress has made enormous progress to bringing that reality about by all of the preparations for this forthcoming dividend.
Hopefully even those who see themselves as an “unsophisticated investor” who do not fully understand this transaction can now see that the way has been prepared to achieve the fruition of their investment. How could Fortress issue a cash dividend for an asset that it has not yet been disposed of? How could it dispose of an asset that it only partially owns? If even a partial cash dividend had been made that would have multiplied the complexity of making a final cash disbursement to shareholders and put the entire sale process at risk. NMGL effectively came in as a “White Knight” to rescue this deal. NMGL receives a mere 5% fee upon their concluding a cash sale of the assets coupled with any excess in the event of the assets being sold at an amount exceeding the face value of the NMGL Preferred Series “A” and Series “B” shares. Had NMGL not rescued Fortress, the Loan Note Holders would have bankrupted Fortress and Searchlight Exploration, LLC would have exercised its legal rights and seized the Company’s Gold interests without delay.
There have been several questions directed at nuances of the valuations for the preferred shares such as the 3% dividend, the possibility of more value than the estimated valuation given based on Gold prices, etc. and the payment of fees to North American Gold & Minerals Fund. Our response to all of these questions is basically the same one, there will be no further guidance given other than that which has already been specified by the regulatory filings and shareholder updates issued to date. These questions are nuanced details that are far and away overshadowed by the eventuality of the actual completion of the asset disposal and subsequent cash payments. We do not wish to trivialize these matters, but our company will not debate detailed logistical points about minor expenses in the costing of effecting this outcome and we certainly will not offer undue instruction as to the form and format of the entire process which has yet to be determined other than what has already been outlined and which will conclude through an agency outside of our direct control.
What assurance is there that in the event of the mines being sold, shareholders will not simply be given more shares?
Fortress has no ability to make any guarantees, because the purchaser (NMGL) of the gold interests takes the control of this issue out of the hands of Fortress. However, it must be said that the interests of all of the majority shareholders of FFGO and the interests of minority shareholder are perfectly and equally aligned. Why would the majority shareholders want to indefinitely receive distributions of illiquid shares that do not result in a positive return for our investments? All of the shareholders want to realize a significant return on their investment. That is why this transaction has taken place in the manner that it has and why we are now saying that the stage is set for the ultimate return to be realized in due course.
We believe that this transaction is the final step to the ultimate realization of a monetary return for your investment. It may take several months and even more than a year to realize that return in full. Whatever the case, the return will be well worth the wait if you are a believer in the price of Gold maintaining its price in excess of US$900/oz over that time period. The majority shareholders of Fortress are long term investors that have invested their money in the Company for the ultimate return to be realized from the eventual disposal of the gold interests. The idea that somehow the majority investors have benefited from the sales of Fortress shares of common stock at a huge discount to the anticipated value of this return is ludicrous and our shareholders should completely disregard any speculation that suggests otherwise.
Will North American Gold & Minerals Fund provide Investor Relations support and interact with the holders of its Preferred Series “A” and Preferred Series “B” Stock?
No, NMGL will not. It is NMGL policy not to comment whatsoever outside of its Regulatory Filings. NMGL is being created to be an “Institutionally Held” Mining Investment & Finance Fund and it will conduct its business in the normal course of events as do all other substantial quoted corporations.
Fortress was unique in its information flow to stockholders. Since NMGL does not have retail investors or small stockholders, it operates its business in a very different manner. NMGL has made it very clear that it will not respond to questions of whatsoever nature and that it will only provide information in its filings with the SEC.
Fortress stockholders are reminded that they are the recipients of NMGL Preferred Series “A” and Series “B” shares. These instruments are nonvoting and not convertible into shares of NMGL common stock under any circumstances. Only holders of NMGL shares of common stock would be in a position to (a) vote and (b) discuss matters with NMGL Management.
Will Fortress continue to provide Investor Relations support, issue Press Releases and continue day to day communication with its stockholders?
No, the Investor Relations support currently being provided will cease in and during September of 2010. This extends to incoming E Mail and telephonic messages. At such time as the Dividend dates are set, stockholders will be advised by E Mail and through a Form 8-K Filing by Fortress.
Fortress has no cash; its Lenders are ceasing financial support, as previously announced. This means that any such support simply cannot be provided to stockholders. Fortress will now become dormant and no deal is likely to emerge to change this status, primarily due to Fortress being a delinquent filer with the SEC and is therefore an extremely unattractive “Reverse Merger” Candidate. In any event, Fortress cannot and will not entertain any deals of any nature until the dividend process is completed at a future date. In short, Fortress has now become dormant.
There is absolutely no doubt that at some point, the SEC will move the listing of Fortress from that of the OTC Pink Markets, Inc. to that of the “Grey Market” as it is a delinquent filer and does not qualify to become a “Non Reporting” Company due to the size of its stockholder base.
Does Fortress hold any other assets of whatsoever nature?
No, it does not. Its sole assets were its shares of Bouse Gold, Inc. and South Copperstone, Inc. common stock; now disposed of to NMGL. These shares were held by Western Diversified Mining resources, Inc. (“Western”), a wholly owned subsidiary company of Fortress.
Western (and Fortress) now only hold the NMGL Preferred Series “A” and Series “B” shares. These will be distributed in full as a dividend to stockholders on the Record Date in due course. Certain of these NMGL Preferred Series “A” and Series “B” shares owned by Western/Fortress will be transferred at face value to Sloane Investments, Inc. to settle all debt owed by Fortress/Western to Sloane Investments, Inc.
The shares of Hunt Gold Corporation common stock owned by Fortress were written off as irrecoverable over a year ago as detailed in our Form 8-K Filings. There appear to be many of whom are of the opinion that these shares of Hunt Gold Corporation has some value. They are sadly mistaken and indeed delusional. Hunt Gold Corporation has no assets whatsoever, extensive liabilities and is not even worth placing into bankruptcy. It lost and forfeited each and every Mining asset that it ever had any claim to. It is quoted on the “Grey Market”, has no Management, is dormant and its shares of common stock are completely worthless.
Those who continue to assert that Fortress holds other assets despite numerous regulatory filings to the contrary are living in fantasy land and their comments stating that other assets exist should be ignored.
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.
Are there any prospective buyers for either “Bouse” or “South Copperstone” at this time?
According to NMGL, there are no serious buyers with cash at this date. Offers that were made to date were not acceptable to NMGL as they involved stock in other quoted corporations.
How foreseeable or under what circumstances could there be or is there to be a partial liquidation of the NMGL Preferred Series “A” or Series “B” shares?
This not a likely event insofar as the current strategy of NMGL is to acquire a 100% interest in Bouse Gold, Inc. and South Copperstone, Inc. and to dispose of these two corporations and utilize the proceeds to redeem the NMGL Preferred Series “A” and the Series “B” shares. WE cannot comment on behalf of NMGL but we would caution stockholders not to rely upon partial any liquidation whatsoever of the NMGL Preferred Series “A” and Series “B”.
Would NMGL ever consider a conversion of the NMGL Preferred Series “A” and the “Series “B” shares into NMGL shares of Common Stock?
Absolutely not; and under no circumstances would this ever happen. The NMGL Preferred Series “A” and Series “B” shares are not convertible whatsoever and have no voting rights whatsoever.
What is the opinion of the Company in respect of the Internet Stock Chat Forums at this time?
Fortress’s Management, Advisors and Investor Relations have absolutely no interest in the various comments posted on these Internet Stock Chat Forums and do not even feel the need to view any of the same. Those who allow themselves to become agitated by postings on these Forums on a daily basis will no longer be in a position to seek constant reassurances from Fortress or its Investor Relations.
NMGL’s Management, Advisors, etc. have no interest in these Internet Stock Chat Forums and have advised ourselves in no uncertain terms that they are completely oblivious to these types of investor discussions as they are not interested in retail investors or their opinions at this time.
What assurances do holders of NMGL Preferred Series “A” and Series “B” shares have that if the mines are sold, that NMGL will not accept stock in another corporation?
There are no guarantees. That is an NMGL decision going forward. However NMGL has stated that if they were to accept stock it would only be in a large corporation with freely tradable liquid shares of common stock.
Does the price of Gold affect the holders of NMGL Preferred Series “A” and Series “B” shares?
In our opinion, it does not. However should the price of Gold decline dramatically prior to NMGL disposing of Bouse Gold, Inc. and South Copperstone, Inc. then the NMGL Preferred Series “A” and Series “B” shares would be worth less than their face value.
Are there any plans to develop either “Bouse” or “South Copperstone” if they are not sold soon?
No. NMGL has not expressed any interest in developing these Mines as they have stated that at this time, they are merely “warehousing” both “Bouse” and “South Copperstone” on behalf of the holders of the Preferred Series “A” and Series “B” shares. NMGL has their own business plans which are solely the business of the holders of NMGL shares of common stock and not the business of Fortress stockholders.
However it is possible that NMGL may change their strategy in respect of these Mines. They have not provided any guidance to ourselves whatsoever in this respect.
Upon the payment of the Dividend, will the NMGL Preferred Series “A” and Series “B” be delivered in Certificate Form?
No, they will not be delivered in certificate form if stockholders hold their Fortress shares of common stock in a brokerage account. Those whom are named on the Fortress stockholder register at the Record Date of the Dividend would receive their dividend in certificate form.
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.
NMGL has set these “ground rules” as stated above and they are not negotiable. NMGL refuses to enter into any discussions or debates of whatsoever nature in respect of these transactions, as is their right.
If the mines sell for more than the existing price, will the increase be given to the Preferred Shareholders?
No. The face value of the NMGL Preferred Series “A” is US$16.00 per share and the face value of the NMGL Preferred Series “B” is US$2.20 per share. Should there be any excess over the face value of these Preferred Series “A” and Series ”B”, it will be solely for benefit of NMGL and their holders of shares of common stock.
How can I calculate the value of my historical dividends?
Guidance has been given for the value of the historical dividends in the aforementioned website page titled ‘historical dividends’ under the ‘dividend’ section of the “Investor” page at the website: www.fortfinancegroup.com.
When NMGL elects to purchase the shares of Bouse Gold, Inc. common stock and South Copperstone, Inc. common stock from those stockholders who received these aforesaid shares of common stock through the 2005 Dividends, it will do so at the same pricing per share as announced and through the issue of additional NMGL Preferred Series “A” and Series “B” shares. NMGL has given no undertakings as to when it intends to purchase these aforesaid shares.
I have shares held in a brokerage account that either no longer exists or has been changed. My account information has changed and I want to verify my holdings.
Unfortunately there is a limit to the ability of any Company as to what we can possibly achieve on behalf of our shareholders. A suitable metaphor would be “Imagine that you purchase a car from Ford Motor Company. The car starts to run poorly when you put straight leaded gasoline into it despite the fact that the user’s manual indicates that premium unleaded gas is required for proper operation. Would you then expect Ford Motor Company to clean your engine for you?”
In a similar manner the Company can make no representation as to the capability of any third party brokerage house with respect to their proper handling of share accounts. If you have been a victim of some improper handling of your share account by a third party brokerage house, this is a matter to be taken up with the securities enforcement division of the proper oversight agency for the jurisdiction your account is held in.
If you are holding shares in certificate form and you would like to redeem those shares once the dividends are issued, you need only await the distribution of the dividends. Once the dividends issuance is completed, your new certificates will be mailed to you at the address on record. If your address of record has changed in the interim please notify the Transfer Agent to Fortress by letter stating the name on the certificate and inform them what the address of record was and what the address of record should now be. You may find the transfer agents mailing address at the website www.fortfinancegroup.com under Contact”.
If you are holding shares of Fortress common stock in an active brokerage account, the actual delivery of share dividends must occur through the Depository Trust Corporation (DTC) which is the independent agency responsible for the handling of all transfer of stock held in brokerage accounts for United States publically traded stocks. This agency holds all account records for shares held on deposit in accounts for US issuers. When a dividend is issued the DTC will automatically deliver the correctly apportioned share amounts to each shareholder of record directly to their brokerage account.
In respect of the 3% annual dividend, what is the mechanism that triggers this event?
NMGL cannot pay a dividend to its own stockholders of its common stock from any profits derived from either Bouse Gold, Inc. or from South Copperstone, Inc. until the 3% dividend for that year has first been paid to the holders of the NMGL Preferred Series “A” and Series “B” shares.
The NMGL Board of Directors would presumably declare the dividend for a fiscal year once the earnings for that year, if any, were calculated and audited. So it would be payable annually, if this was ever to apply. We have absolutely no guidance from NMGL whatsoever in this respect.
Would NMGL be entitled to cancel these transactions for any reason?
NMGL is entitled to cancel these transactions should they deem these transactions to be of reputational risk to themselves. The agreements provide for such termination by NMGL in the event of any litigation against Fortress or Western or any regulatory actions against Fortress. Damaging and libelous statements publicly leveled at NMGL, its Directors, Advisors and controlling stockholders could also trigger such termination. In the event of NMGL terminating these agreements, Fortress and Western have been advised by Searchlight Exploration, LLC that Searchlight Exploration, LLC would in likelihood exercise its rights and remedies to terminate its Agreements and reclaim all of the Bouse Gold, Inc. and South Copperstone, Inc. properties as it is legally entitled to do so.
Furthermore, Searchlight Exploration, LLC amended the critical terms of its agreements with Bouse Gold, Inc. and South Copperstone, Inc. to facilitate a sale of these properties by NMGL. These amendments by Searchlight Exploration were subject to both Bouse Gold, Inc. and South Copperstone, Inc. being owned by NMGL and that Fortress was no longer a direct stockholder in either corporation. If NMGL was to cancel this transaction for whatsoever reason with Western / Fortress, it would be in a position to do so up until the date that Fortress declared the dividend distribution of these NMGL Preferred Series “A” and Series “B” shares.
How are the holders of the NMGL Preferred Series “A” and Series “B” shares protected from an NMGL Bankruptcy?
The designations, preferences and rights that exist in the NMGL Preferred Series “A” and Series “B” shares protect the holders of those instruments in the event of a bankruptcy of NMGL as both Bouse Gold, Inc. and South Copperstone, Inc. are held by NMGL for the benefit of those holders of the NMGL Preferred Series “A” and the Series “B” shares. The Preferred stockholders get first rights over these assets in the event of a bankruptcy and enjoy privileges in respect of Bouse Gold, Inc. and South Copperstone, Inc. That is not a privilege extended to the holders of NMGL shares of common stock.
No NMGL Preferred Series “A” and Series “B” shares may be redeemed prior to January 1st, 2011. What is the process by which shares may be redeemed after that date and can shareholders elect to redeem a percentage of shares?
On or after January 1, 2011, NMGL may at its sole and absolute discretion redeem all or part of either of the Preferred Series “A” shares or the Preferred Series “B” shares for cash. This is at the discretion of the NMGL Board of Directors and there is absolutely no possibility that NMGL has any intention whatsoever of considering any such actions at that time. NMGL, at this time, considers these transactions as a mere “warehousing” exercise, their intention is to obtain 100% ownership of both Bouse Gold, Inc. and South Copperstone, Inc. over a period of time, to then use their best efforts to dispose of both Bouse Gold, Inc. and South Copperstone, Inc. and if successful, NMGL would then redeem the Preferred Series “A” and the Preferred Series “B” shares for cash and at their face value.
OUR RESPONSE TO CLAIMS MADE BY TUFFNELL LTD (OTC BB: TUFF) IN RESPECT OF CLAIMS ADJOINING INTERESTS HELD BY BOUSE GOLD, INC.:
Where is Tuffnell Ltd's "Little Butte" property in relation to the Bouse Gold property?
The Bouse Gold property is comprised of 18 unpatented lode mining claims. The mining claims cover the Little Butte Mine, the Arrastre Mine and Flat Fault Mine. The Little Butte Claims were located in September 2004. The Arrastre and Flat Fault Claims were located in 2004 and relocated in September 2009. Some additional in-fill claims were also located in September 2009. The 18 Bouse Gold claims were intended to cover all unpatented ground where past drill holes by Homestake and others had encountered gold mineralization.
In October 2009 Minquest, a company led by a geologist who had previously drilled the property for Homestake, staked 47 unpatented mining claims surrounding the Bouse Gold claims. According to Tuffnell Ltd, it has acquired an option to purchase the Minquest claims plus 5 additional patented claims. Tuffnell Ltd has also stated that it has located an additional 26 unpatented lode claims.
The Company believes that the actions of Minquest and Tuffnell Ltd are to be expected given the stature and reputation of the Bouse Gold property. It is very logical for other mining companies to look for gold "next door" to an attractive gold deposit.
The Company's claims were located before Tuffnell Ltd's claims and are senior to them if there is any overlap. In particular, neither Tuffnell Ltd nor Minquest has any rights in the Little Butte Mine. The Company's attorneys are sending a "cease and desist" letter to Tuffnell Ltd demanding that they cease to call their property the "Little Butte" property as they have no mineral rights in the Little Butte Mine or the Little Butte Claims.
MY STOCKHOLDING IN FORTRESS FINANCIAL GROUP, INC. IS HELD IN MY BROKERAGE ACCOUNT, HOW DO I RECEIVE THE UPCOMING SINGLE EXTRAORDINARY DIVIDEND?:
Once the Transfer Agent to Fortress Financial Group, Inc. has set the “Record Date” and the “Payment Date” with FINRA for the upcoming single Extraordinary Dividend, those whom are stockholders as of the “Record Date” will automatically receive their Dividend on the “Payment Date”. If your stockholding in Fortress Financial Group, Inc. is held through a Brokerage account, the Dividend Payment is automatically credited to your brokerage account on the “Payment Date”. This function is carried out by the DTCC.
ON WHAT DATE DO I NEED TO HOLD SHARES OF FORTRESS FINANCIAL GROUP, INC. COMMON STOCK IN ORDER TO QUALIFY FOR THE UPCOMING SINGLE EXTRAORDINARY DIVIDEND?:
In order to be eligible to receive the upcoming single Extraordinary Dividend, you have to be a stockholder of record on the “Record Date”. The “Record Date”, once set by the Transfer Agent to Fortress Financial Group, Inc. with FINRA, will be published by ourselves after their approval of these dates. We will not be providing any advance warning as to the possible Dividend Dates but will simply advise our stockholders by E Mail as to the “Record Date” and the “Payment Date” once these dates are approved by FINRA.
Stockholders have received sufficient updates, progress reports and details over the past months and now that this process is drawing to a close, with the imminent execution of the sale agreements in respect of Fortress Financial Group, Inc.’s entire stockholdings in both Bouse Gold, Inc. and South Copperstone, Inc., to be very clear on this point, our policy is that the “Record Date” and the “Dividend Date” will be set with FINRA without any further updates or notices to our stockholders or to the market in general.
WILL FORTRESS FINANCIAL GROUP, INC. CONSIDER A "REVERSE SPLIT" OF ITS OUTSTANDING SHARES OF COMMON STOCK?:
Absolutely not. No purpose will be served by such an Action. The Company considers a "Reverse Split" of its shares of Common Stock to be destructive to stockholder value and will, under no circumstances, consider such an action. The Company has completed its deal to sell its interests in both Bouse Gold, Inc. and South Copperstone, Inc. to the Purchaser, and has fixed the payout ratio to its stockholders based upon those proceeds from these asset sales. Fortress Financial Group, Inc. is now a "Break Up and Value Play", it has no absolutely need for any Corporate Actions of this type.
IS FORTRESS FINANCIAL GROUP, INC. CONSIDERING A "REVERSE MERGER" AT THIS TIME?:
No, absolutely not. Upon the completion of the payment of the single Extraordinary Dividend to its stockholders, Fortress Financial Group, Inc. may consider offers, deals and all other proposals. Until such time as Fortress Financial Group, Inc. is trading "Ex Dividend", no such transactions will be contemplated whatsoever.
IS IT A REQUIREMENT BY THE PURCHASER THAT BOUSE GOLD, INC. AND SOUTH COPPERSTONE, INC. BE AUDITED PRIOR TO EXECUTION OF THE PURCHASE OF FORTRESS FINANCIAL GROUP, INC.’S STOCK IN THESE CORPORATIONS?:
No, it is not a requirement as the Purchaser is not acquiring control of either Bouse Gold, Inc. nor of South Copperstone, Inc. by acquiring the stock in those Corporations held by Fortress Financial Group, Inc.
The Purchaser has advised ourselves that their external Auditors will be auditing both of these Corporations prior to their increasing stockholdings in both of these Corporations through additional purchases of stock in both Bouse Gold, Inc. and South Copperstone, Inc. as they will be taking their holding to 100% of both of these Corporations. This has no bearing whatsoever on their initial transaction in the purchase of the stock held in these Corporations by Fortress Financial Group, Inc.
PAYMENT OF THE SALE PROCEEDS BY WAY OF A SINGLE EXTRAORDINARY DIVIDEND:
Upon completion of the sale agreements, the proceeds will be paid by the Purchaser to Fortress Financial Group, Inc. The Transfer Agent to Fortress Financial Group, Inc. will then set both a “Record Date” and a “Payment Date” with FINRA to distribute the sale proceeds in full to our stockholders.
In order to qualify for this Extraordinary Dividend, one would have to be a stockholder of record as at the “Record Date”.
I HOLD MY STOCK IN FORTRESS FINANCIAL GROUP, INC. WITH MY BROKER, HOW WILL I RECEIVE THIS SINGLE EXTRAORDINARY DIVIDEND?:
The Company’s Transfer Agent sets a “Record Date” with FINRA. This is the date upon which you need to be a stockholder in order to qualify for the single Extraordinary Dividend. A “Payment Date” for the Dividend is set at the same time; this is the date upon which the Dividends are actually paid, usually ten days after the “Record Date”. If your stockholding in Fortress Financial Group, Inc. is held in a brokerage account, the DTCC distributes this Dividend for credit to your Brokerage account upon the “Payment Date”. You do not need to do anything to receive this as it is automatically credited to your Brokerage account.
THE PINK OTC MARKETS, INC. PLACED A “CAVEAT EMPTOR” SYMBOL ON OUR COMPANY’S STOCK, DOES THIS IMPACT THESE TRANSACTIONS?:
The Pink OTC Markets, Inc. have insisted that in order to have this “Caveat Emptor” symbol removed, the Company would either have to (a) become a “Non Reporting Company” with the SEC or (b) bring its delinquent filings up to date. This is not possible at this time.
The Company was prepared and ready to file an Information and Disclosure Statement with the OTC Pink Markets, Inc, pay them the relevant fees and the Attorneys to the Company had advised them that the required Attorney’s Opinion Letter would be filed in accordance with their guidelines. The OTC Pink Markets, Inc. advised the Company’s Attorneys that this would not be sufficient to remove the “Caveat Emptor” symbol.
This has absolutely no effect whatsoever on these transactions being completed by the Company as we have now become a classic “Sale & Breakup Play”. The “Caveat Emptor” is now irrelevant to the Company and to its stockholders.
THE COMPANY’S REQUIREMENTS TO ABIDE BY THE RULES GOVERNING THE DISSEMINATION OF EITHER “INSIDE” AND/OR “PRICE SENSITIVE INFORMATION":
Stockholders are asked to appreciate that your Company’s Management cannot, will not and are not permitted by Law to provide any stockholder or any other party whatsoever with any information that is not already in the “Public Domain” through Company filings with the SEC or through Company Press Releases. Regretfully, we will continue to decline stockholder (or other) requests for information where we consider such requests to contravene the dissemination of “Price Sensitive” or privileged information. In certain circumstances, your Company’s Management has entered into Non Disclosure Agreements and in those cases, cannot respond to requests that would constitute a breach of such Agreements.
Within the next few weeks, all information will be in the public domain and this inability to deal with certain stockholder questions will be a moot point.
ONCE THE COMPANY TRADES “EX DIVIDEND”, WHAT ARE THE PLANS FOR THE COMPANY?:
At this point, no decision has been taken and we will at that time, entertain any offers that are made to ourselves but not implement any changes whatsoever until such time as the payment of the single Extraordinary Dividend to our stockholders is completed.
WHY DOES THE COMPANY’S STOCK TRADE AT SUCH A HUGE DISCOUNT TO ITS “BREAK UP” VALUE?:
The lack of credibility of delinquent filers amongst the investment community coupled with the fact that this Company has not made this fact widely known and that this Company has historical credibility issues, are the primary reasons.
WHAT IS THE “FREE FLOAT” OF THE COMPANY AND IS IT LIKELY THAT THIS WILL DECREASED?:
The number of the outstanding shares of our Common Stock does not represent the “free float” of our Company. No less than 5 billion of our outstanding shares of our Common Stock are restricted and are therefore not free trading. A single new stockholder already holds 16.9 billion of our shares of Common Stock. We are aware that this new stockholder could acquire no less than an additional 15 billion shares of our free trading shares of Common Stock from identifiable stockholders, should it so wish, as these stockholders will not dispose of any of its stock in our Company at current market prices.
Should this new substantial stockholder continue to increase its stockholding in our Company, the “free float” will be decreased accordingly.
We do not wish to speculate on the size of the “free float” but can categorically state it is not greater than 34 Billion shares of Common Stock; in all likelihood, it is substantially less than that number. Any attempt to accumulate a sizeable position in this Company’s shares of Common Stock through purchases in the market, would result in hugely increased trading price in the shares of our Common Stock.
WHAT IS THE STATUS OF THE COMPANY’S OUTSTANDING LOAN NOTES?:
The Company has outstanding long term loan notes payable in the amount of US$455,981.65 plus accrued interest. This amount will deducted from the sale proceeds of the Company’s Gold Interests. However, Bouse Gold, Inc. and South Copperstone, Inc. collectively owe an amount of US$810,000 to Fortress Financial Group, Inc. This amount will be repaid to Fortress Financial Group, Inc. by the Purchaser of the Bouse Gold, Inc. and South Copperstone, Inc.
In and during 2010, the Company reduced its outstanding long term debt by an amount of US$3,829,874 plus interest in the amount of US$150,126.
HOW MANY SHARES OF THE COMPANY’S STOCK ARE ISSUED AND OUTSTANDING?:
The Company has an amount of 74,813,049,643 shares of outstanding Common Stock.
WHY DID THE COMPANY INCREASE ITS AUTHORIZED SHARE CAPITAL AND WILL THE COMPANY ISSUE ANY ADDITIONAL SHARES OF ITS COMMON STOCK?:
The Company, at the request of its Transfer Agent, increased the Authorized Share Capital from an amount of 75,000,000,000 to 85,000,000,000 shares of Common Stock. This was required by law to cover the Transfer Agent and in respect of replacement of historical and future lost or stolen stock certificates.
The Company will not issue any additional shares of its Common Stock. The final dividend amounts have been calculated and are now, as far as we are concerned, “set in stone”.
WHAT IS THE COMPANY’S STOCKHOLDING IN BOUSE GOLD, INC. AND IN SOUTH COPPERSTONE, INC.?:
The Company holds:
1,030,421,001 shares of South Copperstone, Inc. Common Stock, representing 46.84% of their shares of outstanding Common Stock.
510,923,545 shares of Bouse Gold, Inc. Common Stock, representing 23.22% of their outstanding shares of Common Stock.
ALLEGATIONS OF NAKED SHORT SELLING OF YOUR COMPANY’S STOCK:
Your Company’s Management is very aware of the numerous allegations of Naked Short Selling, a common complaint from “Penny Stock Bosses”. Despite numerous requests from our stockholders for your Company’s Management to address this issue, we take the view that these allegations of Naked Short Selling are unfounded and that there is absolutely no proof of Naked Short Selling in your Company’s stock. A function of any orderly market is to permit proper “Short Selling” of stocks. Your Company’s Management is unaware of the extent of any (if any) short positions in your Company’s Stock. We are not however, in a position to disprove the allegations of a “Short Position” in your Company’s stock.
NO INSIDER SALES OF THE COMPANY’S STOCK:
Your Company’s Management can confirm that no Officer of your Company has disposed of any shares of your Company’s Common Stock whatsoever; and continue to hold their shares of your Company’s stock in restricted form and “on book” with the Company’s Transfer Agent.
Any sales and/or purchases of your Company’s stock by Company Officer, Insiders and Affiliates would need to be disclosed and filed in the prescribed manner and time frame.
COMPANY MANAGEMENT’S VIEW ON THE VARIOUS POPULAR INTERNET STOCK CHAT FORUMS:
Your Company, its Management and its Advisors have for a long period of time been subjected to attacks on the popular internet stock chat forums. We, like all other Public Company representatives have resented and rebelled against these attacks, particularly if untrue or extremely personal in nature. However, your Company’s Management has realized that these internet stock chat forums serve a valuable purpose in the facilitation of the exchange of information; and of free and frank discussions between Company stockholders and others interested in a Company’s stock.
No longer will your Company’s Management view these Internet Stock Chat Forums with disgust and horror. Our policy, going forward, will be one of, “no comment”, to those who contact ourselves begging that we do something to prevent these attacks upon their Company. Whilst we have enormous sympathy for our stockholders as they watch their investment in their Company being damaged by various members of these Internet Stock Chat Forums, we as your Company’s Management will be responsible for delivering upon our promises thus negating these attacks upon your Company.
Those stockholders who are outraged by what they view as a relentless, vicious and damaging campaign against our Company on these Internet Stock Chat Forums are reminded that this Company has honored its promises to its stockholders, is executing the sale of its gold interests and distributing the proceeds therefrom as a single Extraordinary Dividend. The Company’s detractors and their views, to which they are entitled, have now become irrelevant in our opinion.
We wish to remind our stockholders that there are many supporters of your Company, who loyally express their support and share their information, often the results of extensive due diligence; for your Company on these Internet Stock Chat Forums.
We must remember that one of the United States of America’s most cherished and enshrined Constitutional rights, is that of Free Speech, guaranteed by the First Amendment.
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FFGO~
Quote:
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Those stockholders who are outraged by what they view as a relentless, vicious and damaging campaign against our Company on these Internet Stock Chat Forums are reminded that this Company has honored its promises to its stockholders, is executing the sale of its gold interests and distributing the proceeds therefrom as a single Extraordinary Dividend. The Company’s detractors and their views, to which they are entitled, have now become irrelevant in our opinion.
We wish to remind our stockholders that there are many supporters of your Company, who loyally express their support and share their information, often the results of extensive due diligence; for your Company on these Internet Stock Chat Forums.
We must remember that one of the United States of America’s most cherished and enshrined Constitutional rights, is that of Free Speech, guaranteed by the First Amendment.
--------------------------------------------------------------------------------
5T WD haha
BMFL<OD
next week(s) is here
Offline
AlanC Share Monday, January 09, 2012 7:55:00 AM
Re: Rocket Man post# 192891 Post # of 193839
RocketMan: Thanks for that post. It is indeed a well worded reminder of the activity here by FFGO management. The nonrelevent views are now ignored and carry no weight by the FFGO longs who wait patiently for their promised dividends. Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Monday, January 09, 2012 8:28:01 AM
Re: Rocket Man post# 192889 Post # of 193839
FFGO - Will be great to get direction from the Company on the dividend payment date.
$3,449 for every $100 invested is a great return!
Tic Toc
AlanC Share Monday, January 09, 2012 9:53:54 AM
Re: SevenTenEleven post# 192894 Post # of 193839
First Time Ever: Silver Sales Surpass Domestic Production
The demand for American Silver Eagles and Canadian Maple Leaf coins has increased tremendously over the past several years. 2011 will be the first time in history in which official coin sales will surpass domestic silver production in both countries.
Full article with figures:
http://www.financialsense.com/contributors/steve-angelo/2012/01/04/silver-sales-surpass-domestic-production
Go FFGO!!!
Dividends of 3400%+ are awesome!
Rocket Man Share Monday, January 09, 2012 9:56:32 AM
Re: SevenTenEleven post# 192894 Post # of 193839
Wouldn't that be a surprise this month this year for FFGO shareholders.
SevenTenEleven Share Monday, January 09, 2012 10:31:21 AM
Re: Rocket Man post# 192901 Post # of 193839
FFGO - It will be well deserved for shareholders!
5T WD haha
BMFL<OD
next week(s) is here
Offline
Rocket Man Share Tuesday, January 10, 2012 12:29:03 AM
Re: Nitwit post# 192918 Post # of 193839
Historical Dividends
http://www.fortfinancegroup.com/hdividends.html
This page sets out the Company’s historical stockholding in both Bouse Gold, Inc. and in South Copperstone, Inc., the delivery of in excess of 90% of Bouse Gold, Inc. and South Copperstone, Inc. to the Purchaser and the mechanisms designed to deliver 100% ownership of both Bouse Gold, Inc. and South Copperstone, Inc. to the Purchaser. This information was contained in a Form 8-K Filing by the Company on April 23, 2010.
STOCKHOLDERS IN BOUSE GOLD, INC. :
Eligible Dividend Recipients as at November 7, 2005: (Note 2) 899,967,718 (40.91 %)
Searchlight Exploration, LLC: 219,997,800 (9.99 %)
Fortress Financial Group, Inc.*: 510,923,545 (23.22 %)
Other Stockholders: (Note 1) 569,110,937 (25.88 %)
TOTAL ISSUED: 2,200,000,000 (100%)
*Fortress Financial Group, Inc. holds its interests in Bouse Gold, Inc. through its wholly owned Investment Corporation, Western Diversified Mining Resources, Inc. No additional shares of Bouse Gold, Inc. shares of Common Stock will be issued whatsoever.
NOTE 1: The Company transferred an amount of US$302,607,268 (Three hundred and two million six hundred and seven thousand two hundred and sixty eight dollars) representing 519,497,456 (Five hundred and nineteen million four hundred and ninety seven thousand four hundred and fifty six) shares in the “Bouse” Gold Exploration Property to repurchase shares of the Company’s Common Stock in June and in July 2008.
NOTE 2: Stockholders of the Company as at November 7, 2005 received an amount of 899,967,718 (Eight hundred and ninety nine million nine hundred and sixty seven thousand seven hundred and eighteen) shares in Bouse Mining Holdings plc as a Stock Dividend. These shares are being held "on book" for and on behalf of these stockholders. This represents an amount of 40.9% of the Issued Share Capital of Bouse Mining Holdings plc.
On February 1, 2008, the “Bouse” Gold Exploration properties and interests held in Bouse Mining Holdings plc were transferred into a new Corporation, incorporated in Wyoming, named “Bouse Gold, Inc.”. It was considered more advantageous to hold these interests in a Corporation incorporated in the United States of America compared to them being held in Foreign Corporations. All stockholders are guaranteed 1 (one) share of Common Stock in Bouse Gold, Inc. for every 1 (one) Ordinary share held in Bouse Mining Holdings plc.
The Company holds full and accurate records of the stockholders eligible for both of these aforesaid Stock Dividends and as at the aforesaid “Record Dates” for these Dividend declarations.
STOCKHOLDERS IN SOUTH COPPERSTONE, INC.:
Eligible Dividend Recipients as at December 2, 2005: (NOTE 1) 899,581,199 (40.89 %)
Searchlight Exploration, LLC: 219,997,800 (9.99 %)
Fortress Financial Group, Inc.*: 1,030,421,001 (46.84 %)
Other Stockholders: 50,000,000 (2.28 %)
TOTAL ISSUED: 2,200,000,000 (100%)
*Fortress Financial Group, Inc. holds its interests in South Copperstone, Inc. through its wholly owned Investment Corporation, Western Diversified Mining Resources, Inc. No additional shares of South Copperstone, Inc. shares of Common Stock will be issued whatsoever.
NOTE 1: Stockholders of the Company as at December 2, 2005 received an amount of 899,581,199 (Eight hundred and ninety nine million five hundred and eighty one thousand one hundred and ninety nine) shares in Copperstone Mining Holdings plc as a Stock Dividend. These shares are being held "on book" for and on behalf of these stockholders. This represented 40.9% of the Issued Share Capital of Copperstone Mining Holdings plc. On February 1, 2008, the “South Copperstone” Gold Exploration properties and interests held in South Copperstone Mining
Holdings plc were transferred into a new Corporation, incorporated in Wyoming, named “South Copperstone, Inc.”. It was considered more advantageous to hold these interests in Corporations incorporated in the United States of America compared
to them being held in a Foreign Corporation. All stockholders are guaranteed 1 (one) share of Common Stock in South Copperstone, Inc. for every 1 (one) Ordinary share held in South Copperstone Mining Holdings plc.
The Company holds full and accurate records of the stockholders eligible for both of these aforesaid Stock Dividends and as at the aforesaid “Record Dates” for these Dividend declarations.
EXTERNAL AUDIT OF BOUSE GOLD, INC. AND SOUTH COPPERSTONE, INC.
The Purchaser will engage an external Auditor to complete a full Audit of both South Copperstone, Inc. and of Bouse Gold, Inc. This audit is required to be completed prior to the Purchaser obtaining in excess of 50.1% of these two Corporations as the Purchaser is not in a position to acquire a controlling interest of unaudited Corporations due to its Reporting and Filing obligations to the SEC. This does not affect the Purchaser acquiring Fortress Financial Group, Inc.’s stock in these two Corporations whatsoever.
SALE OF BOUSE GOLD, INC.
The Company has confirmed and announced that it is in the process of completing upon the sale of its 510,923,545 shares of Bouse Gold, Inc. Common Stock, representing 23.22% of the outstanding shares of Bouse Gold, Inc. Common Stock.
The Company has secured the irrevocable consent of other stockholders in Bouse Gold, Inc. to dispose of their shares of Bouse Gold, Inc., representing an additional amount of 1,518,563,813 shares of Bouse Gold, Inc. Common Stock, representing an additional 69.03% of the outstanding shares of Bouse Gold, Inc. Common Stock.
This is made up as follows:
Eligible Dividend Recipients as at November 7, 2005: (Note 1) 729,455,076 (33.16 %)
Searchlight Exploration, LLC: 219,997,800 (9.99 %)
Fortress Financial Group, Inc.*: 510,923,545 (23.22 %)
Other Stockholders: 569,110,937 (25.88 %)
TOTAL: 2,029,487,358 (92.25 %)
*Fortress Financial Group, Inc. holds its interests in Bouse Gold, Inc. through its wholly owned Investment Corporation, Western Diversified Mining Resources, Inc.
NOTE 1: This represents the sum total of large stockholders identified on the Bouse Gold, Inc. stockholder register who received their shares of Bouse Gold, Inc. Common Stock through the Stock Dividend declared by the Company on November 7, 2005.
The Company is therefore in a position to furnish the Purchaser of Bouse Gold, Inc. with an immediate amount of 2,029,487,358 shares of Bouse Gold, Inc. Common Stock, representing 92.25% of the outstanding shares of Bouse Gold, Inc. Common Stock.
The balance of the shares of Bouse Gold, Inc. Common Stock in the amount of 170,512,642, representing 7.75% of the outstanding shares of Bouse Gold, Inc. Common Stock are held as follows:
Cede & Co. (Note "A") 77,234,720 (3.51 %)
Identifiable Stockholders (Note "B") 93,277,922 (4.24 %)
TOTAL: 170,512,642 (7.75 %)
NOTE “A”: This represents stockholders who held their shares in the Company with their Brokers at the date of the payment of the Stock Dividend with the Record Date of November 7, 2005. These stockholders would receive their share of the sale proceeds upon the completion of the sale of Bouse Gold, Inc. through a distribution which would have to be effected by the DTCC.
NOTE “B”: This represents identifiable stockholders whose holdings are directly and identifiably held on the Bouse Gold, Inc. stockholder register and received through the Stock Dividend payment with the Record Date of November 7, 2005. These stockholders would directly receive their share of the sale proceeds upon the completion of the sale of Bouse Gold, Inc.
The share of the sale proceeds payable upon the completion of the sale of Bouse Gold, Inc. to the stockholders described in Notes “A” and “B” would be calculated on the same terms as every other single stockholder of Bouse Gold, Inc.; and without exception. The purchase of the balance of the shares of Bouse Gold, Inc. Common Stock in the amount of 170,512,642, representing 7.75% of the outstanding shares of Bouse Gold, Inc. Common Stock as described in Notes “A” and “B” will be mandatory upon the stockholders of Bouse Gold, Inc. given the unconditional acceptance of the sale by those stockholders representing an amount of 92.25% of the outstanding shares of Common Stock; thereby guaranteeing the Purchaser of Bouse Gold, Inc. their required 100% interest in Bouse Gold, Inc. The Purchaser of Bouse Gold, Inc. is solely interested in acquiring a 100% interest in Bouse Gold, Inc., which will be obtained through a short-form merger under the Wyoming Business Corporation Act as the Purchaser is obtaining in excess of 80% of the stock in Bouse Gold, Inc.
PENDING SALE OF SOUTH COPPERSTONE, INC.
The Company has announced that it is in the process of completing upon the sale of its 1,030,421,001 shares of South Copperstone, Inc. Common Stock, representing 46.84% of the outstanding shares of South Copperstone, Inc. Common Stock.
The Company has secured the irrevocable consent to dispose of their shares of South Copperstone, Inc. in concert with the Company, representing an additional amount of 1,027,142,329 shares of South Copperstone, Inc. Common Stock, representing an additional 46.69% of the outstanding shares of South Copperstone, Inc. Common Stock.
This is made up as follows:
Eligible Dividend Recipients as at December 2, 2005: (Note 1) 757,144,529 (34.42 %)
Searchlight Exploration, LLC: 219,997,800 (9.99 %)
Fortress Financial Group, Inc.*: 1,030,421,001 (46.84 %)
Other Stockholders: 50,000,000 (2.28 %)
TOTAL: 2,057,563,330 (93.53 %)
NOTE 1: This represents the sum total of large stockholders identified on the South Copperstone, Inc. stockholder register who received their shares of South Copperstone, Inc. Common Stock through the Stock Dividend declared by the Company on December 2, 2005.
*Fortress Financial Group, Inc. holds its interests in South Copperstone, Inc. through its wholly owned Investment Corporation, Western Diversified Mining Resources, Inc.
The Company is therefore in a position to furnish the Purchaser of South Copperstone, Inc. with an immediate amount of 2,057,563,330 shares of South Copperstone, Inc. Common Stock, representing 93.53% of the outstanding shares of South Copperstone, Inc. Common Stock.
The balance of the shares of South Copperstone, Inc. Common Stock in the amount of 142,436,670, representing 6.47% of the outstanding shares of South Copperstone, Inc. Common Stock are held as follows:
Cede & Co. (Note "C") 55,065,559 (2.50 %)
Identifiable Stockholders (Note "D") 87,371,111 (3.97 %)
TOTAL: 142,436,670 (6.47 %)
NOTE “C”: This represents stockholders who held their shares in the Company with their Brokers at the date of the payment of the Stock Dividend with the Record Date of December 2, 2005. These stockholders would receive their share of the sale proceeds upon the completion of the sale of South Copperstone, Inc. through a distribution which would have to be effected by the DTCC.
NOTE “D”: This represents identifiable stockholders whose holdings are directly and identifiably held on the South Copperstone, Inc. stockholder register and received through the Stock Dividend payment with the Record Date of December 2, 2005. These stockholders would directly receive their share of the sale proceeds upon the completion of the sale of South Copperstone, Inc.
The share of the sale proceeds payable upon the completion of the sale of South Copperstone, Inc. to the stockholders described in Notes “C” and “D” would be calculated on the same terms as every other single stockholder of South Copperstone, Inc.; and without exception.
The purchase of the balance of the shares of South Copperstone, Inc. Common Stock in the amount of 142,436,670 and representing 6.47% of the outstanding shares of South Copperstone, Inc. Common Stock as described in Notes “C” and “D” will be mandatory upon these stockholders of South Copperstone, Inc. given the unconditional acceptance of the sale by those stockholders representing an amount of 93.53% of the outstanding shares of Common Stock; thereby guaranteeing the Purchaser of South Copperstone, Inc. their required 100% interest in South Copperstone, Inc. The Purchaser of South Copperstone, Inc. is solely interested in acquiring a 100% interest in South Copperstone, Inc., which will be obtained through a short-form merger under the Wyoming Business Corporation Act as the Purchaser is obtaining in excess of 80% of the stock in South Copperstone, Inc.
SUMMARY OF THE SALE PROCESS OF BOTH BOUSE GOLD, INC. AND SOUTH COPPERSTONE, INC. AND THE PAYMENT OF THE PROCEEDS FROM THE COMPLETION OF THE SALE BY A SINGLE EXTRAORDINARY DIVIDEND
The Company will be disposing of its 510,923,545 shares in Bouse Gold, Inc. Common Stock and its 1,030,421,001shares of South Copperstone, Inc. to the Purchaser. The proceeds payable to the Company from the sale of these aforesaid shares of both Bouse Gold, Inc. and South Copperstone, Inc. will be distributed in full to the stockholders of the Company upon a Dividend Date to be announced upon the completion of the sale of the Company’s shares of Bouse Gold, Inc. and South Copperstone, Inc.
The loans advanced by the Company to both Bouse Gold, Inc. and to South Copperstone, Inc. and in the amount of circa US$850,000, will be repaid to the Company by the Purchaser of Bouse Gold, Inc. and South Copperstone, Inc.
The amounts owed by the Company in respect of the balance of the outstanding Long Term Loan Note Holders and the current creditors will be settled from the sale proceeds. This amount will not be in excess of circa US$600,000.
PRICING GUIDELINE IN RESPECT OF THESE SALE TRANSACTIONS
The Company can confirm that the sale of its 510,923,545 shares of Bouse Gold, Inc. Common Stock and its 1,030,421,001 shares of South Copperstone Common Stock will not equate to a net amount that equates to an amount that is lower than the amount of US$0.003 per share of the Company’s Common Stock. The transaction is priced upon a Gold Price of US$1,050/oz. Should the Gold price be greater than the amount of US$1,050/oz upon the final completion of the sale of these shares of Common Stock in Bouse Gold, Inc. and in South Copperstone, Inc.; then the pricing per share would be greater than aforesaid. Stockholders are advised that these are pricing guidelines and simply reflect the lowest price that has been accepted by the Company. The Company is not prepared to give detailed information prior to the published completion of these sales transactions.
SevenTenEleven Share Tuesday, January 10, 2012 8:20:30 AM
Re: None Post # of 193839
FFGO - Gold up sharply today. This continues we should see $1700 in the next few days.
Hold onto those shares FFGO'ers. Write-downs only help the naked short selling market makers at this point.
3449% ROI will be worth the wait!
Rocket Man Share Tuesday, January 10, 2012 12:05:25 PM
Re: SevenTenEleven post# 192922 Post # of 193841
FFGO! Gold and Silver both are in good shape..
http://www.fortfinancegroup.com/gold.html
Quote:
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“Bouse”
The Bouse Gold property includes 360 acres of mining claims (18 lode claims) in the Plomosa Mining District, two miles west of the town of Bouse, in La Paz County, Arizona. The land is administered by the US Bureau of Land Management (BLM). It is a former Homestake Gold (Barrick) project which includes the historic Little Butte, Flat Fault and Arrastre Mines. There are numerous shafts, pits and dumps on the property. Reportedly, a majority of the Plomosa Mining District’s historic gold production came from the Company’s Little Butte Mine. At Bouse, 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 drilling by Tenneco, US Borax and Homestake at Bouse found significant gold bearing intervals in both the breccias and high angle structures. Bouse Gold has copies of drill results for 50+ boreholes. Gold values were found at the Little Butte Mine and at the Arrastre Mine. Most significantly, gold was found in several drill-holes along a 2,500+ foot northwesterly trend from the four large tanks on the property northwest to the Flat Fault Mine. This area roughly coincides with the site of a previous 19 hole shallow drill campaign in the early 1980’s which reportedly outlined 5,000,000 tons of material ranging from .05 ounces to .3 ounces gold per ton. The Company’s plans had included the compilation of all existing exploration materials on the property, followed by additional geological work viewed as necessary or desirable to identify targets for renewed drilling at the property.
“South Copperstone”
The South Copperstone Gold Project is situated on 480 acres of mining claims (24 lode claims) located in the Moon Mountains Mining District, La Paz County, Arizona, about midway between the towns of Parker and Quartzsite. The land is administered by the US Department of Land Management (BLM). The Company’s claim block is immediately south of the Copperstone Mine, which it adjoins. Copperstone was the biggest Arizona gold discovery in more than 50 years. The Company acquired South Copperstone because of the potential for additional Copperstone ore bodies. The known Copperstone deposit (not owned by the Company) had a 500,000 ton open pit resource of .1 ounce per ton gold that was mined by Cyprus Gold in the 1980’s. A reported underground gold resource at Copperstone is presently being explored by another mining company. This neighboring project has a completed positive feasibility study, and production may begin as early as 2010.
The western portion of the Company’s South Copperstone claim block has exposed gold – bearing bedrock consisting of banded quartz latite flows intruded by granite. This unit crops out intermittently for over a mile all the way from a small hill adjoining Drill Hole No. 1 at the northern end of the property to the southern boundary of the Company’s mining claims.
Initial drilling by Callahan Mining at South Copperstone (including Drill Hole No. 1) found anomalous gold hosted by quartz and altered quartz latite. However, Callahan’s drilling was not deep enough to penetrate the mineralized breccia unit that hosts the gold resource at the Copperstone Mine to the north. Induced polarization (IP) geophysical work by Callahan found anomalous chargeability values in the southern portion of the Company’s claim block and on trend with the historic Valenzuela mine, which is located immediately west of the Company’s claims. The Company had intended to follow up with a full IP grid in order to locate additional drill targets.
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Vianna Share Tuesday, January 10, 2012 12:12:43 PM
Re: SevenTenEleven post# 192922 Post # of 193841
GA Seven and All FFGOrs!
NO write-downs for me...THAT'S for sure!! The potential returns of 3400% are definitely still worth waiting for.
FFGO is NOT over as some hope.
Tic Toc
V
SevenTenEleven Member Profile SevenTenEleven Member Level
Share
Tuesday, January 10, 2012 8:20:30 AM
Re: None
Post # of 192926
FFGO - Gold up sharply today. This continues we should see $1700 in the next few days.
Hold onto those shares FFGO'ers. Write-downs only help the naked short selling market makers at this point.
3449% ROI will be worth the wait!
SevenTenEleven Share Tuesday, January 10, 2012 12:48:38 PM
Re: None Post # of 193841
FFGO - Once the dividend is paid, it should be interesting.
Good Luck!
wrj Share Tuesday, January 10, 2012 9:14:54 PM
Re: puppydotcom post# 192942 Post # of 193841
"it all ended the day the revoking took place ... "
This was the beginning. You seem to have some things backwards.
5T WD haha
BMFL<OD
next week(s) is here
Offline
Vianna Share Wednesday, January 11, 2012 12:06:00 PM
Re: harpale post# 192933 Post # of 193841
Great to see you, harpale! I will be here "till the end" as well. Some would like to believe we have reached "The End;" however, I feel it is obvious we haven't.
Tic Toc
V
harpale Member Profile harpale
Share
Tuesday, January 10, 2012 1:07:40 PM
Re: None
Post # of 192950
Good Day V still here not going will be here till the end
AlanC Share Wednesday, January 11, 2012 12:45:41 PM
Re: Vianna post# 192950 Post # of 193841
Vianna: Like you the end for me will be when our dividend/s are deposited in our brokerage accounts. Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Wednesday, January 11, 2012 5:41:20 PM
Re: AlanC post# 192954 Post # of 193841
FFGO - Payment around the corner!
Hold onto those shares!
3449% around the corner!
Just ask Shorty!
He needs those write-downs to close out those OPEN IOU's!
SevenTenEleven Share Wednesday, January 11, 2012 6:44:08 PM
Re: None Post # of 193841
FFGO - Divy COMING!
Tic Toc
SevenTenEleven Share Wednesday, January 11, 2012 7:33:49 PM
Re: uscfan54 post# 192967 Post # of 193841
FFGO - Dividend Coming!
My broker disagrees on a number of points!
I disagree on a number of others!
Shorty will be the first to know when the dividend will be paid.
Tic Toc
AlanC Share Wednesday, January 11, 2012 7:48:55 PM
Re: uscfan54 post# 192967 Post # of 193842
Did you honestly expect your brokerage firm to tell you they had taken your money without buying shares, put markers in your account and pocketed the dough? Here are the FINRA short sales reports since they started keeping records of same. Over 2 billion shares sold to investors and over 90% of those sold were short sales. Worthy of note is that both UBSS and Credit Suisse were recently fined by both FINRA and the SEC for mismarking millions of trades as long when in fact they were short making it very possible that every share purchased by FFGO shareholders was a nonexistant share. Things were so bad that FINRA stopped reporting the SHO numbers in August of 2010 no doubt because they were so embarassing. Go FFGO!!!
Dividends of 3400%+ are awesome!
5T WD haha
BMFL<OD
next week(s) is here
Offline
Rocket Man Share Thursday, January 12, 2012 10:21:47 AM
Re: None Post # of 193843
FFGO~ http://www.fortfinancegroup.com/hdividends.html
SevenTenEleven Share Thursday, January 12, 2012 10:26:46 AM
Re: alien42 post# 192983 Post # of 193843
FFGO - Millions of dollars about to be paid out by those alleged scammers.
Both historical and current shareholders will reap the rewards!
Shareholders will be vindicated!
Good Luck!
SevenTenEleven Share Thursday, January 12, 2012 10:40:41 AM
Re: paunch13 post# 192985 Post # of 193844
FFGO - Lots of cash on the sidelines about to be put into shareholders' hands. Those short and not reporting, will be forced to cover their obligations, or face prison sentences and fraud charges.
Great to be holding and not writing shares down.
Tic Toc
SevenTenEleven Share Thursday, January 12, 2012 10:46:32 AM
Re: AlanC post# 192972 Post # of 193844
FFGO - Shorts will know long before longs of the cash payment which we are about to receive.
Should be interesting if they can't cover.
Will the DTCC and FINRA seek damages?
Tic Toc
SevenTenEleven Share Thursday, January 12, 2012 11:01:58 AM
Re: Rocket Man post# 192982 Post # of 193844
FFGO - Contracts must have expired and/or the inevitable payment is around the corner.
Will we see more than $0.003449/share?
Only Shorty knows.
Tic Toc
AlanC Share Thursday, January 12, 2012 11:05:17 AM
Re: SevenTenEleven post# 192992 Post # of 193844
That would be a beautiful thing! Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Thursday, January 12, 2012 11:09:53 AM
Re: AlanC post# 192993 Post # of 193844
FFGO - Hope shareholders did not buy into the false rumors of IRS mandating write-offs of shares of FFGO.
$3449/1MM shares is a beautiful thing! IRS will be pleased that shareholders waited it out! Nice tax revenue stream coming their way soon enough!
Tic Toc
SevenTenEleven Share Thursday, January 12, 2012 11:11:12 AM
Re: alien42 post# 192994 Post # of 193844
the dividend didn't 'expire', it was cancelled due to conditions written into the agreement. - alien42
Looking for confirmation of such cancellations and there appear to be ZERO filings and documents supporting such claims.
Tic Toc
SevenTenEleven Share Thursday, January 12, 2012 11:13:29 AM
Re: alien42 post# 192998 Post # of 193844
the confirmation was when FFGO was suspended and revoked by the SEC. - alien42
Sorry. Revocation did not cancel the dividend.
Looking forward to proof provided to support said claims.
Tic Toc
Rocket Man Share Thursday, January 12, 2012 11:15:30 AM
Re: alien42 post# 192994 Post # of 193844
Well we know the dividend is real and didn't expire. What conditions specifically were written into the "" agreement to cause cancellation and what agreement are you speaking of about FFGO and when? Links and data would be a good credible way to show everyone the facts.
RM
SevenTenEleven Share Thursday, January 12, 2012 11:16:53 AM
Re: alien42 post# 193001 Post # of 193844
FFGO - Dividend still on track! No documented proof to support anything claimed otherwise.
Looking forward to $3449/Million shares invested!
Tic Toc
SevenTenEleven Share Thursday, January 12, 2012 11:20:58 AM
Re: alien42 post# 193003 Post # of 193845
the links and data have been provided ad nauseum in the past and the facts are clear.
any FFGO shareholders who is not aware of the old filing with the SEC in regards to the fantasy dividend need to do some more DD. - alien42
Thanks for agreeing that the 8-K filings support the payment of a dividend. FAQ's are also clear that they have every intention of paying the dividend and that those claiming otherwise are not of concern to the company/companies/shareholders.
$3449/million shares invested is a great return!
Tic Toc
SevenTenEleven Share Thursday, January 12, 2012 11:22:17 AM
Re: None Post # of 193845
FFGO - Settlement and settlement charges must be taking up Shorty's resources.
Wouldn't want to be in a position that one couldn't cover his $3449/million shares IOU obligation.
Tic Toc
SevenTenEleven Share Thursday, January 12, 2012 11:24:04 AM
Re: uscfan54 post# 193005 Post # of 193845
UBSS and Credit Suisse would both like to thank FINRA and the SEC for the slap on the wrist.
Also, they both would like to thank shareholders for buying all of the naked short shares they have been selling and mismarking for years.
They made billions of dollars and only paid a small portion of that profit in fines.
How many shares of FFGO have they naked short sold and mismarked?
Tic toc
SevenTenEleven Share Thursday, January 12, 2012 12:12:36 PM
Re: uscfan54 post# 193009 Post # of 193845
FFGO - Market makers have a license to steal when it comes to naked short selling.
How short are they here?
Tic Toc
OldBen Share Thursday, January 12, 2012 12:18:31 PM
Re: None Post # of 193845
Lawsuit Update
I have still been in communication with a prestigious law firm concerning our case. They have a senior analyst/investigator looking at the case. We, shareholders, have been with FFGO for years. It takes some time to get the lawfirm up to speed to where we are.
The fact that they are taking this much time to consider this case shows me that there is validity to the case. Hopefully, they will take our case. If not, I will learn the strengths and weaknesses of our case.
If our case is taken, I will probably set up an account with Investorshub where I can send out PM (private mail). In that case, I will send out specific information to longs that have a legitimate interest in a suit. I don't need legal and illegal shorts and others sabotaging or hindering our efforts.
SevenTenEleven Share Thursday, January 12, 2012 12:22:15 PM
Re: uscfan54 post# 193016 Post # of 193845
FFGO - Market makers naked short sell to create an orderly market all the time. In fact, they have been shorting FFGO in an orderly fashion for many many months. Daily short volume numbers are all of the support investors need.
Good Luck!
SevenTenEleven Share Thursday, January 12, 2012 12:32:03 PM
Re: alien42 post# 193022 Post # of 193845
the dividend is cancelled! - alien42
Still waiting for documented proof of said claims.
No SEC Filings to support claims. And no communication from company to support such claims.
Good Luck!
SevenTenEleven Share Thursday, January 12, 2012 12:33:31 PM
Re: OldBen post# 193015 Post # of 193845
Shorty may try to get on that email list and use the information to his advantage.
I would be very careful how information about a lawsuit against the naked short sellers is shared.
Good Luck!
SevenTenEleven Share Thursday, January 12, 2012 12:54:03 PM
Re: Doubleday post# 193026 Post # of 193845
FFGO - 8-K filings. All in the 8-K filings.
Good Luck!
SevenTenEleven Share Thursday, January 12, 2012 12:58:18 PM
Re: JammingJAY post# 193028 Post # of 193845
Please provide a link that shows daily short VOLUME is equal to short INTEREST. - JamingJAY
No one has ever claimed that it was.
Interesting that FINRA has stated that the short volume and the short interest is likely UNDER INCLUSIVE.
At over 90% daily short volume, there is virtually no way those short selling to fill orders are covering with only 10% of the daily being long sells.
Also, knowing that shareholders were adding and buying during such short volumes means those short were not covering with another short sale.
Good Luck!
OldBen Share Thursday, January 12, 2012 1:47:58 PM
Re: SevenTenEleven post# 193024 Post # of 193845
I will. In fact, If we need to get a certain number of names to start the suit, I would be glad to have you help me verify a person's alias on the board as a legitimate long shareholder as best as we know. I hope that Rocket and AlanC can also help me.
I won't release an email address unless I am sure.
SevenTenEleven Share Thursday, January 12, 2012 2:18:01 PM
Re: alien42 post# 193034 Post # of 193845
yup, the clause for the dividend to be cancelled was in the 8K. - alien42
Have a link or a filing to support said claim that a clause to cancel the dividend has been exercised?
Good Luck!
wrj Share Thursday, January 12, 2012 3:20:14 PM
Re: None Post # of 193845
Sister ffgo/hglc has been trading large blocks of shares these last few days. 5 million traded today. We need to hear from shorty about this.
wrenchman Share Thursday, January 12, 2012 4:14:54 PM
Re: None Post # of 193845
I remember RM showing REG SHO reporting problems well if the naysayers say there is no problem here then why is this law in process of approval?
http://www.finra.org/web/groups/industry/@ip/@reg/@rulfil/documents/rulefilings/p125374.pdf
OldBen Share Thursday, January 12, 2012 4:56:50 PM
Re: A deleted message Post # of 193845
I don't need 1,200 or so contact people. Many people do not believe in FINRA data that show 90% plus short volume for years on end. Let the Lawyers determine if it is true or not. I don't need 100's of people telling them it is not really short volume beforehand. I could go on and on with examples.
AlanC Share Thursday, January 12, 2012 7:28:38 PM
Re: OldBen post# 193037 Post # of 193845
OldBen: I will be happy to help. Go FFGO!!!
Dividends of 3400%+ are awesome!
Rocket Man Share Thursday, January 12, 2012 7:32:46 PM
Re: wrenchman post# 193049 Post # of 193845
Wow, wrenchman. Nice Find! We all know FFGO has a massive naked short position.. Nothing but data to back it as well.
Quote:
--------------------------------------------------------------------------------
I remember RM showing REG SHO reporting problems well if the naysayers say there is no problem here then why is this law in process of approval?
http://www.finra.org/web/groups/industry/@ip/@reg/@rulfil/documents/rulefilings/p125374.pdf
Rocket Man Share Thursday, January 12, 2012 7:37:54 PM
Re: None Post # of 193845
GWGO/FFGO paid many dividends. Two of the five from the Ammbassador, the Sentinel, the Golden Eagle, the Bouse and S. Copperstone were paid so far, the latter two we wait for. The first three are HGLC, which was taken down by fraudsters noted in the court documents.
AlanC Share Thursday, January 12, 2012 7:48:09 PM
Re: wrenchman post# 193049 Post # of 193845
wrenchman: Thanks for sharing that very interesting information on proposed reporting requirements on short reporting. The pressure on regulators to put a stop to naked shorting is not slowing down, if anything, it is intensifying. We longs must continue to demand resolution from our Congresscritters and regulators. The squeaky wheel gets the grease. Keep the pressure on longs. Go FFGO!!!
Dividends of 3400%+ are awesome!
OldBen Share Thursday, January 12, 2012 8:18:00 PM
Re: puppydotcom post# 193053 Post # of 193845
There are some differences. I will show you the differences.
First, a typical pump and dump uses 3rd parties to "share" information in the best possible light. They don't make specific promises. They can't. They are not the company.
FFGO gave 1st hand accounts from the company itself. It made specific promises. World of difference in liability there.
Governmental bodies are supposed to be "proven" sources of information. FINRA and REG SHO show short data and possible NSS so by all means it should be investigated.
As far as people "leaving town." If FFGO/NMGL plans on paying a dividend soon then legal pressure will reveal that fact and the lawsuit might be dropped for the time being to allow for the dividend to be paid and the short position to possibly be revealed (I think legal pressure will be needed to reveal a short position even in the case of a dividend payout). Otherwise, If FFGO/NMGL does not have those plans then that may be revealed. Either way, we would finally learn the truth.
Lastly, I have stated many times that the lawsuit would be on a contigency basis.
OldBen Share Thursday, January 12, 2012 8:49:48 PM
Re: AlanC post# 193054 Post # of 193845
Thanks, I know that you know the board members better than I do. I appreciate the help from someone I can trust!!
Rocket Man Share Thursday, January 12, 2012 9:42:54 PM
Re: puppydotcom post# 193052 Post # of 193845
FFGO~
http://www.finra.org/web/groups/industry/@ip/@reg/@rulfil/documents/rulefilings/p125374.pdf
SevenTenEleven Share Thursday, January 12, 2012 10:46:43 PM
Re: Rocket Man post# 193064 Post # of 193845
FFGO - Looks to me like short numbers are under reported. Not over reported as some claim. New rules should force market makers to report all shorts, which we know they are not doing currently. Also, it i sapparent that market makers are gaming the system.
Looks like the dividend is getting closer!
Tic Toc
5T WD haha
BMFL<OD
next week(s) is here
Offline
wrenchman Share Friday, January 13, 2012 5:49:21 AM
Re: AlanC post# 193057 Post # of 193845
Alan,if anyone goes to the Finra website and looks at the rule filings they will see that sowly but surely laws are being put into place to protect us some are rejected but there are a lot being approved by SEC and i believe on other stocks i own that manipulation is slowing down but we need more enforcment yet.GO FFGO!!!!
AlanC Share Friday, January 13, 2012 8:06:36 AM
Re: Rocket Man post# 193064 Post # of 193845
RocketMan: Looks like FFGO could have been the cause for that rule change. FFGO's daily short numbers proved to be an embarassasment for the regulators. Over 90% of the total volume day after day after day were short sales providing no possible way for those short to cover and then the regulators discover that even as bad as that was those numbers were underreported.
Market makers were mismarking millions of trades reporting them as long trades when in fact they were short. No wonder they gave up reporting FFGO SHO numbers! Sure looks like not a single share sold by any brokerage firm for years has been a share that actually existed. No wonder FFGO management arranged for shareholders to be well compensated for the BS they had endured for so long. No wonder FFGO in the frequently asked questions told us they could not be sure exactly how long it would take for us to receive our dividends but we would receive them and most shareholders would be pleased. No wonder some folks have tried their best to have longs write off their shares. lol Look at this rules change and it speaks volumes about why we have been waiting. Once we have our cash and these rules changes are in place this group of knowledgable shareholders will become a force to be reckoned with. Some very wealthy shareholders will be buying shares of other companies where the shortman has issues and can you imagine the buying of other sister/cousin FFGO companies. Those dangers certainly explain for me why a non trading stock acheives the attention it does from folks who own no shares. Go FFGO!!!
Dividends of 3400%+ are awesome!
http://www.finra.org/web/groups/industry/@ip/@reg/@rulfil/documents/rulefilings/p125374.pdf
Rocket Man Share Friday, January 13, 2012 10:22:46 AM
Re: AlanC post# 193071 Post # of 193845
AlanC, well put and frankly as I see it very accurate. We see trade for trade being implemented on more and more stocks these days as well. TDa placed another on a fully reporting company with revenues on the way.. Shorty knows we know and the regulators now that things are changing and it is time to pay the piper!!!
RM
paunch13 Share Friday, January 13, 2012 10:26:07 AM
Re: Rocket Man post# 193073 Post # of 193845
Rocket man
All I have to say is that it is about time, but it will be real sweat when we watch shorty bleed,
John
Rocket Man Share Friday, January 13, 2012 10:32:03 AM
Re: paunch13 post# 193074 Post # of 193845
Nothing like it.. FFGO has some huge numbers 91% total short volume for the year in 2011 real close. Staggering numbers and to think there are deniers of that fact.
SevenTenEleven Share Friday, January 13, 2012 10:32:24 AM
Re: Rocket Man post# 193073 Post # of 193845
Rocket Man, How many shares have market makers fabricated and placed in retail traders' accounts for FFGO and for other OTC stocks? How have they been able to hide these shares for so long from the regulators? UBS and Credit Suisse both were caught with their hands in the cookie jar. Neither was forced to compensate the shareholders and the companies they illegally abused. Of course neither admitted nor denied guilt. If FINRA and the SEC tried a little harder and looked a little harder, they would have found specific information to possibly turn over to the DOJ to prosecute them for criminal charges. Who knows, maybe that is forthcoming. Maybe it is not.
Based upon the daily numbers and based upon what FINRA has clearly made public, the daily and the bimonthly short numbers are likely under inclusive and under reported to FINRA. UBS and Credit Suisse were intentionally under including and under reporting their daily and bimonthly short data. They most likely made billions manipulating the market naked short selling. The $21.75MM paid, thus far, between the two of them was most likely a small fraction of the profits they took/made through their actions.
Let's hope those naked short selling are held accountable in the OTC in the coming year.
Looking forward to $3449/million shares bought.
Rocket Man Share Friday, January 13, 2012 10:39:34 AM
Re: SevenTenEleven post# 193076 Post # of 193845
Exactly. 7/10/11 they are under reporting and under inclusive. NEW rule changes are in the works as well to stifle the crooked practice. To deny that this is not going or was going on in FFGO is just as crooked, imo.
RM
Rule Change.
http://www.finra.org/web/groups/industry/@ip/@reg/@rulfil/documents/rulefilings/p125374.pdf
Under reporting and under inclusive..
Quote:
--------------------------------------------------------------------------------
Ask your selves: Did FINRA state that Reg Sho Bi Monthly reports in stocks like FFGO were under-inclusive and under-reporting? Or did they lie about it? Did FINRA report false numbers in FFGO where Reg Sho Bi-Monthly quit reporting them altogether over a year span for no reason?
--------------------------------------------------------------------------------
Quote:
8 Certain OTC transactions (e.g., riskless principal and agency transactions where one member is acting on behalf of another member) are reported to FINRA in related tape and non-tape reports. Tape reports are submitted to FINRA for public dissemination by the appropriate exclusive Securities Information Processor (“SIP”), while non-tape reports are submitted to FINRA, but are not submitted to the SIP for public dissemination. FINRA will not be including non-tape reports in either the daily short sale volume file or the monthly short sale transaction file. Accordingly, in those instances where the short sale indicator is only included in the related non-tape report, the short sale data published in the daily and monthly files may be under-inclusive. Similarly, the published figures will not include odd lots since these transactions are not disseminated to the consolidated tape.
Quote:
11 While members generally are required to report trades in equity securities to FINRA within 90 seconds, a firm could improperly delay reporting of short sales until well after the close, which would result in the under-reporting of over-the-counter short sale volume. Delaying the reporting of trades for such a purpose would be considered a violation of the applicable trade reporting rules and Rule 2010 (Standards of Commercial Honor and Principles of Trade).
http://www.sec.gov/rules/sro/finra/2009/34-60807.pdf
20111003|FFGO|500000|0|500000|O 100% SHORT VOLUME
20111004|FFGO|2000000|0|2000000|O 100% SHORT VOLUME
20111005|FFGO|310000|0|590000|O 52.5% SHORT VOLUME
20111006|FFGO|600000|0|1600000|O 37.5% SHORT VOLUME
20111010|FFGO|100000|0|100000|O 100% SHORT VOLUME
20111012|FFGO|2010000|0|2390000|O 84% SHORT VOLUME
20111013|FFGO|2999999|0|2999999|O 100% SHORT VOLUME
20111014|FFGO|4000000|0|4000000|O 100% SHORT VOLUME
20111018|FFGO|8000000|0|11000000|O 72% SHORT VOLUME
20111019|FFGO|1000000|0|1000000|O 100% SHORT VOLUME
20111026|FFGO|2150000|0|2150000|O 100% SHORT VOLUME
GET THE PICTURE YET? 100% is for real, they couldn't have ever covered based on the math.. ALANC nailed today.. Seven Ten Eleven, as well!!
Wake up folks..
SevenTenEleven Share Friday, January 13, 2012 10:58:26 AM
Re: Rocket Man post# 193077 Post # of 193845
FFGO - Market makers sold short far too many shares.
The Company can only comment on what is being reported to FINRA. So, since there are/were no shorts being reported, the Company only state that there is no "proof" of short interest.
If the market makers are "hiding" their naked short shares in well thought out and and complexly programmed logarithms, I am confident those shares will eventually be found. Not just for FFGO, but for many other OTC stocks.
When the dividend is to be paid, and those short are on the hook for depositing cash into traders' accounts, it will be too late for them to admit they have a large, previously unreported short position.
They have had 16 months, plus, to come forward. Their position has been there is no naked short position.
It is great to be a shareholder and not holding a short position.
Looking forward to the $3449/$100 invested.
Rocket Man Share Friday, January 13, 2012 11:08:21 AM
Re: AlanC post# 193071 Post # of 193845
Amazing that there are deniers of the facts and treat it like it is some joke like in FFGO one of the most naked short companies out there based on FINRAs #s, not mine and not yours not the companies. The world has nothing but colossal problems from tainted derivatives, naked shorting, blatant fraud, etc.. The list goes on. And to try and protect and suggest that there is no naked short in FFGO or the sisters or in pink sheets stocks in general, is as crooked as it comes, imo.
RM
Vianna Share Friday, January 13, 2012 11:44:07 AM
Re: SevenTenEleven post# 193079 Post # of 193845
Excellent post, Seven! GM FFGOrs!
Btw, if I thought this stock were Dead and nothing to worry about, I wouldn't be worried...make sense?
FFGO is NOT DEAD and if I wanted it to be DEAD, i would be SUPER disappointed right now...lol
I AM A SHAREHOLDER!! HIGH RISK/HIGH REWARD...we always knew that and still ...it continues. FFGO LIVES! We CAN still get the dividend no matter what erroneous information is stated.
Happy Friday the 13th FFGOrs!
TIC TOC
V
SevenTenEleven Member Profile SevenTenEleven Member Level
Share
Friday, January 13, 2012 10:58:26 AM
Re: Rocket Man post# 193077
Post # of 193081
FFGO - Market makers sold short far too many shares.
The Company can only comment on what is being reported to FINRA. So, since there are/were no shorts being reported, the Company only state that there is no "proof" of short interest.
If the market makers are "hiding" their naked short shares in well thought out and and complexly programmed logarithms, I am confident those shares will eventually be found. Not just for FFGO, but for many other OTC stocks.
When the dividend is to be paid, and those short are on the hook for depositing cash into traders' accounts, it will be too late for them to admit they have a large, previously unreported short position.
They have had 16 months, plus, to come forward. Their position has been there is no naked short position.
It is great to be a shareholder and not holding a short position.
Looking forward to the $3449/$100 invested.
OldBen Share Friday, January 13, 2012 1:38:35 PM
Re: puppydotcom post# 193084 Post # of 193845
So, the government only "counts" when you want it to. Government filings (or lack thereof), suspensions and revocations count. Government FINRA and REG SHO short volume numbers don't count, so you say there is no NSS.
AlanC Share Friday, January 13, 2012 2:14:52 PM
Re: puppydotcom post# 193084 Post # of 193845
You can repeat all you wish but that does not make what you are repeating to be true. FINRA supplied documentation of the short sales for FFGO day after day after day for months and months.
Those short sales averaged over 90% daily for the entire timeframe and that was prior to FINRA announcing the fines they had meted out to Credit Suisse and UBSS for mismarking millions of trades as long trades when in fact they were short. You might want to read the rules changes FINRA has proposed that will soon cause all short positions to be reported. The noose is tightning on the shortman. Go FFGO!!!
Dividends of 3400%+ are awesome!
AlanC Share Friday, January 13, 2012 3:56:35 PM
Re: indebt2 post# 193093 Post # of 193845
The company provided those answers to you over a year ago. Perhaps you should revisit the website and reread them. Despite what some folks would prefer they are still up! Go FFGO!!!
Dividends of 3400%+ are awesome!
Lebron23 Share Friday, January 13, 2012 5:08:43 PM
Re: AlanC post# 193094 Post # of 193845
The Big Picture is that FFGO's principal shareholders benefit more from a deal than anyone else. That's what I am hanging my hat on; that's why there will be a deal/dividend imo.
There was way too much effort put into the 8-K Filings, the Q & A Section of the Website, etc. to just bail out on the whole thing.
We are currently in an environment that should make the sale of Gold mining interests easier. Mining stocks have not done all that well recently, even with the price of gold and silver going up. However, many forecasters are bullish on mining stocks for 2012! And, many forecasters see a pickup in the Merger & Acquisition business in 2012 as well!
Looking for news anytime now!
Lebron23 Share Friday, January 13, 2012 8:20:34 PM
Re: puppydotcom post# 193097 Post # of 193845
"why would they care abut any common share holders - let alone give them 258 million dollars"
Again, you missed my entire point. Most of the 258 Million goes to the "insiders" as you call them.
"the FFGO insiders already have the mining claims back for default of the agreement"
This wild speculation would be illegal.
Lebron23 Share Friday, January 13, 2012 8:28:23 PM
Re: Nitwit post# 193099 Post # of 193845
Some post because they believe something is going to happen here. Others post because?
Rocket Man Share Friday, January 13, 2012 11:56:31 PM
Re: A deleted message Post # of 193845
FFGO is naked short.. eos.
Rocket Man Share Friday, January 13, 2012 11:57:40 PM
Re: puppydotcom post# 193090 Post # of 193845
Pretty sure. Well totally sure, there is a naked short position in FFGO.
5T WD haha
BMFL<OD
next week(s) is here
Offline
Rocket Man Share Saturday, January 14, 2012 12:02:04 AM
Re: A deleted message Post # of 193845
Look at the sisters of FFGO. They show an increase in shorting..
SevenTenEleven Share Saturday, January 14, 2012 4:29:07 PM
Re: puppydotcom post# 193114 Post # of 193846
NNS is NOT REPORTED as a trade - puppydotcom
Of course it is!
When market makers naked short sell and there are buyers buying those naked short sales, those trades are recorded.
Looking forward to our dividend!
Good Luck!
SevenTenEleven Share Saturday, January 14, 2012 4:44:54 PM
Re: puppydotcom post# 193120 Post # of 193846
FFGO is gone .. - puppydotcom
As stated by company in the FAQ's. Dividend would be distributed in due time, and the company would go dormant. Not necessarily in that order.
Good Luck!
Rocket Man Share Saturday, January 14, 2012 5:25:08 PM
Re: puppydotcom post# 193114 Post # of 193846
Now it is legal shorting in FFGO that maybe the culprit in the end. I am pretty sure there are a lot of posts talking about FFGO getting revoked for years u until it happened. Well looks like the "" legal shorting as you say may have been very profitable for the legal shorters.. lmao
So goes the sand of an hour glass, like the days of our lives... lol
Quote:
--------------------------------------------------------------------------------
at best this has been legally shorted by some off shore entity who knew the stock was going to be revoked puppydotcom
--------------------------------------------------------------------------------
SevenTenEleven Share Saturday, January 14, 2012 5:44:31 PM
Re: puppydotcom post# 193129 Post # of 193847
FFGO - Dividend Coming!
Have a considerable amount of skin in the game and lose no sleep over the progress of things.
Wonder how it is at Shorty's house?
Tic Toc!
Rocket Man Share Saturday, January 14, 2012 5:50:19 PM
Re: None Post # of 193847
Lets me see, hmm? How many calls for revoking in FFGO were there over the years..? Why wasn't HGLC (directly related to FFGO) revoked first? Hmm? Is shorty calling for that one to be revoked as well? HGLC still trades unlike FFGO? Must be the legal shorting on the greys isn't done yet.. Ya, thats it.. lol
Rocket Man Share Saturday, January 14, 2012 5:54:18 PM
Re: puppydotcom post# 193126 Post # of 193847
Cool good for the legal shorting offshore. lol.. Funny how 90% of all the volume over two years was reported per FINRA and being Short volume in FFGO, and it has not yet been covered. YET!! SWEET DIVY!! To come @ 3,449%!
SevenTenEleven Share Saturday, January 14, 2012 5:58:11 PM
Re: puppydotcom post# 193126 Post # of 193847
why in the world would anyone need to naked short FFGO .. when everyone knew the stock was going to be revoked and the management had no intention of ever paying any fantasy divvy because THEY knew it was HISTORY
rumor, some big hedge funds shorting from So Africa and the United Kingdom .. loves bad penny stocks - puppydotcom
Sounds to me like Shorty placed his bets. Problem is most of the A/S is in cert form, held by insiders. Can't short against those certs.
What is the actual float? 6B? 8B?
With at least 18B being held in electronic form by retail traders, alone, at least 2B shares are naked.
Imagine what all of the other shareholders are holding in electronic form.
Tic Toc
Rocket Man Share Saturday, January 14, 2012 6:47:12 PM
Re: A deleted message Post # of 193847
Speaking of vested interest.. Shorty is not alone in FFGO..
http://www.fortfinancegroup.com/hdividends.html
Quote:
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Historical Dividends
This page sets out the Company’s historical stockholding in both Bouse Gold, Inc. and in South Copperstone, Inc., the delivery of in excess of 90% of Bouse Gold, Inc. and South Copperstone, Inc. to the Purchaser and the mechanisms designed to deliver 100% ownership of both Bouse Gold, Inc. and South Copperstone, Inc. to the Purchaser. This information was contained in a Form 8-K Filing by the Company on April 23, 2010.
STOCKHOLDERS IN BOUSE GOLD, INC. :
Eligible Dividend Recipients as at November 7, 2005: (Note 2) 899,967,718 (40.91 %)
Searchlight Exploration, LLC: 219,997,800 (9.99 %)
Fortress Financial Group, Inc.*: 510,923,545 (23.22 %)
Other Stockholders: (Note 1) 569,110,937 (25.88 %)
TOTAL ISSUED: 2,200,000,000 (100%)
*Fortress Financial Group, Inc. holds its interests in Bouse Gold, Inc. through its wholly owned Investment Corporation, Western Diversified Mining Resources, Inc. No additional shares of Bouse Gold, Inc. shares of Common Stock will be issued whatsoever.
NOTE 1: The Company transferred an amount of US$302,607,268 (Three hundred and two million six hundred and seven thousand two hundred and sixty eight dollars) representing 519,497,456 (Five hundred and nineteen million four hundred and ninety seven thousand four hundred and fifty six) shares in the “Bouse” Gold Exploration Property to repurchase shares of the Company’s Common Stock in June and in July 2008.
NOTE 2: Stockholders of the Company as at November 7, 2005 received an amount of 899,967,718 (Eight hundred and ninety nine million nine hundred and sixty seven thousand seven hundred and eighteen) shares in Bouse Mining Holdings plc as a Stock Dividend. These shares are being held "on book" for and on behalf of these stockholders. This represents an amount of 40.9% of the Issued Share Capital of Bouse Mining Holdings plc.
On February 1, 2008, the “Bouse” Gold Exploration properties and interests held in Bouse Mining Holdings plc were transferred into a new Corporation, incorporated in Wyoming, named “Bouse Gold, Inc.”. It was considered more advantageous to hold these interests in a Corporation incorporated in the United States of America compared to them being held in Foreign Corporations. All stockholders are guaranteed 1 (one) share of Common Stock in Bouse Gold, Inc. for every 1 (one) Ordinary share held in Bouse Mining Holdings plc.
The Company holds full and accurate records of the stockholders eligible for both of these aforesaid Stock Dividends and as at the aforesaid “Record Dates” for these Dividend declarations.
STOCKHOLDERS IN SOUTH COPPERSTONE, INC.:
Eligible Dividend Recipients as at December 2, 2005: (NOTE 1) 899,581,199 (40.89 %)
Searchlight Exploration, LLC: 219,997,800 (9.99 %)
Fortress Financial Group, Inc.*: 1,030,421,001 (46.84 %)
Other Stockholders: 50,000,000 (2.28 %)
TOTAL ISSUED: 2,200,000,000 (100%)
*Fortress Financial Group, Inc. holds its interests in South Copperstone, Inc. through its wholly owned Investment Corporation, Western Diversified Mining Resources, Inc. No additional shares of South Copperstone, Inc. shares of Common Stock will be issued whatsoever.
NOTE 1: Stockholders of the Company as at December 2, 2005 received an amount of 899,581,199 (Eight hundred and ninety nine million five hundred and eighty one thousand one hundred and ninety nine) shares in Copperstone Mining Holdings plc as a Stock Dividend. These shares are being held "on book" for and on behalf of these stockholders. This represented 40.9% of the Issued Share Capital of Copperstone Mining Holdings plc. On February 1, 2008, the “South Copperstone” Gold Exploration properties and interests held in South Copperstone Mining
Holdings plc were transferred into a new Corporation, incorporated in Wyoming, named “South Copperstone, Inc.”. It was considered more advantageous to hold these interests in Corporations incorporated in the United States of America compared
to them being held in a Foreign Corporation. All stockholders are guaranteed 1 (one) share of Common Stock in South Copperstone, Inc. for every 1 (one) Ordinary share held in South Copperstone Mining Holdings plc.
The Company holds full and accurate records of the stockholders eligible for both of these aforesaid Stock Dividends and as at the aforesaid “Record Dates” for these Dividend declarations.
EXTERNAL AUDIT OF BOUSE GOLD, INC. AND SOUTH COPPERSTONE, INC.
The Purchaser will engage an external Auditor to complete a full Audit of both South Copperstone, Inc. and of Bouse Gold, Inc. This audit is required to be completed prior to the Purchaser obtaining in excess of 50.1% of these two Corporations as the Purchaser is not in a position to acquire a controlling interest of unaudited Corporations due to its Reporting and Filing obligations to the SEC. This does not affect the Purchaser acquiring Fortress Financial Group, Inc.’s stock in these two Corporations whatsoever.
SALE OF BOUSE GOLD, INC.
The Company has confirmed and announced that it is in the process of completing upon the sale of its 510,923,545 shares of Bouse Gold, Inc. Common Stock, representing 23.22% of the outstanding shares of Bouse Gold, Inc. Common Stock.
The Company has secured the irrevocable consent of other stockholders in Bouse Gold, Inc. to dispose of their shares of Bouse Gold, Inc., representing an additional amount of 1,518,563,813 shares of Bouse Gold, Inc. Common Stock, representing an additional 69.03% of the outstanding shares of Bouse Gold, Inc. Common Stock.
This is made up as follows:
Eligible Dividend Recipients as at November 7, 2005: (Note 1) 729,455,076 (33.16 %)
Searchlight Exploration, LLC: 219,997,800 (9.99 %)
Fortress Financial Group, Inc.*: 510,923,545 (23.22 %)
Other Stockholders: 569,110,937 (25.88 %)
TOTAL: 2,029,487,358 (92.25 %)
*Fortress Financial Group, Inc. holds its interests in Bouse Gold, Inc. through its wholly owned Investment Corporation, Western Diversified Mining Resources, Inc.
NOTE 1: This represents the sum total of large stockholders identified on the Bouse Gold, Inc. stockholder register who received their shares of Bouse Gold, Inc. Common Stock through the Stock Dividend declared by the Company on November 7, 2005.
The Company is therefore in a position to furnish the Purchaser of Bouse Gold, Inc. with an immediate amount of 2,029,487,358 shares of Bouse Gold, Inc. Common Stock, representing 92.25% of the outstanding shares of Bouse Gold, Inc. Common Stock.
The balance of the shares of Bouse Gold, Inc. Common Stock in the amount of 170,512,642, representing 7.75% of the outstanding shares of Bouse Gold, Inc. Common Stock are held as follows:
Cede & Co. (Note "A") 77,234,720 (3.51 %)
Identifiable Stockholders (Note "B") 93,277,922 (4.24 %)
TOTAL: 170,512,642 (7.75 %)
NOTE “A”: This represents stockholders who held their shares in the Company with their Brokers at the date of the payment of the Stock Dividend with the Record Date of November 7, 2005. These stockholders would receive their share of the sale proceeds upon the completion of the sale of Bouse Gold, Inc. through a distribution which would have to be effected by the DTCC.
NOTE “B”: This represents identifiable stockholders whose holdings are directly and identifiably held on the Bouse Gold, Inc. stockholder register and received through the Stock Dividend payment with the Record Date of November 7, 2005. These stockholders would directly receive their share of the sale proceeds upon the completion of the sale of Bouse Gold, Inc.
The share of the sale proceeds payable upon the completion of the sale of Bouse Gold, Inc. to the stockholders described in Notes “A” and “B” would be calculated on the same terms as every other single stockholder of Bouse Gold, Inc.; and without exception. The purchase of the balance of the shares of Bouse Gold, Inc. Common Stock in the amount of 170,512,642, representing 7.75% of the outstanding shares of Bouse Gold, Inc. Common Stock as described in Notes “A” and “B” will be mandatory upon the stockholders of Bouse Gold, Inc. given the unconditional acceptance of the sale by those stockholders representing an amount of 92.25% of the outstanding shares of Common Stock; thereby guaranteeing the Purchaser of Bouse Gold, Inc. their required 100% interest in Bouse Gold, Inc. The Purchaser of Bouse Gold, Inc. is solely interested in acquiring a 100% interest in Bouse Gold, Inc., which will be obtained through a short-form merger under the Wyoming Business Corporation Act as the Purchaser is obtaining in excess of 80% of the stock in Bouse Gold, Inc.
PENDING SALE OF SOUTH COPPERSTONE, INC.
The Company has announced that it is in the process of completing upon the sale of its 1,030,421,001 shares of South Copperstone, Inc. Common Stock, representing 46.84% of the outstanding shares of South Copperstone, Inc. Common Stock.
The Company has secured the irrevocable consent to dispose of their shares of South Copperstone, Inc. in concert with the Company, representing an additional amount of 1,027,142,329 shares of South Copperstone, Inc. Common Stock, representing an additional 46.69% of the outstanding shares of South Copperstone, Inc. Common Stock.
This is made up as follows:
Eligible Dividend Recipients as at December 2, 2005: (Note 1) 757,144,529 (34.42 %)
Searchlight Exploration, LLC: 219,997,800 (9.99 %)
Fortress Financial Group, Inc.*: 1,030,421,001 (46.84 %)
Other Stockholders: 50,000,000 (2.28 %)
TOTAL: 2,057,563,330 (93.53 %)
NOTE 1: This represents the sum total of large stockholders identified on the South Copperstone, Inc. stockholder register who received their shares of South Copperstone, Inc. Common Stock through the Stock Dividend declared by the Company on December 2, 2005.
*Fortress Financial Group, Inc. holds its interests in South Copperstone, Inc. through its wholly owned Investment Corporation, Western Diversified Mining Resources, Inc.
The Company is therefore in a position to furnish the Purchaser of South Copperstone, Inc. with an immediate amount of 2,057,563,330 shares of South Copperstone, Inc. Common Stock, representing 93.53% of the outstanding shares of South Copperstone, Inc. Common Stock.
The balance of the shares of South Copperstone, Inc. Common Stock in the amount of 142,436,670, representing 6.47% of the outstanding shares of South Copperstone, Inc. Common Stock are held as follows:
Cede & Co. (Note "C") 55,065,559 (2.50 %)
Identifiable Stockholders (Note "D") 87,371,111 (3.97 %)
TOTAL: 142,436,670 (6.47 %)
NOTE “C”: This represents stockholders who held their shares in the Company with their Brokers at the date of the payment of the Stock Dividend with the Record Date of December 2, 2005. These stockholders would receive their share of the sale proceeds upon the completion of the sale of South Copperstone, Inc. through a distribution which would have to be effected by the DTCC.
NOTE “D”: This represents identifiable stockholders whose holdings are directly and identifiably held on the South Copperstone, Inc. stockholder register and received through the Stock Dividend payment with the Record Date of December 2, 2005. These stockholders would directly receive their share of the sale proceeds upon the completion of the sale of South Copperstone, Inc.
The share of the sale proceeds payable upon the completion of the sale of South Copperstone, Inc. to the stockholders described in Notes “C” and “D” would be calculated on the same terms as every other single stockholder of South Copperstone, Inc.; and without exception.
The purchase of the balance of the shares of South Copperstone, Inc. Common Stock in the amount of 142,436,670 and representing 6.47% of the outstanding shares of South Copperstone, Inc. Common Stock as described in Notes “C” and “D” will be mandatory upon these stockholders of South Copperstone, Inc. given the unconditional acceptance of the sale by those stockholders representing an amount of 93.53% of the outstanding shares of Common Stock; thereby guaranteeing the Purchaser of South Copperstone, Inc. their required 100% interest in South Copperstone, Inc. The Purchaser of South Copperstone, Inc. is solely interested in acquiring a 100% interest in South Copperstone, Inc., which will be obtained through a short-form merger under the Wyoming Business Corporation Act as the Purchaser is obtaining in excess of 80% of the stock in South Copperstone, Inc.
SUMMARY OF THE SALE PROCESS OF BOTH BOUSE GOLD, INC. AND SOUTH COPPERSTONE, INC. AND THE PAYMENT OF THE PROCEEDS FROM THE COMPLETION OF THE SALE BY A SINGLE EXTRAORDINARY DIVIDEND
The Company will be disposing of its 510,923,545 shares in Bouse Gold, Inc. Common Stock and its 1,030,421,001shares of South Copperstone, Inc. to the Purchaser. The proceeds payable to the Company from the sale of these aforesaid shares of both Bouse Gold, Inc. and South Copperstone, Inc. will be distributed in full to the stockholders of the Company upon a Dividend Date to be announced upon the completion of the sale of the Company’s shares of Bouse Gold, Inc. and South Copperstone, Inc.
The loans advanced by the Company to both Bouse Gold, Inc. and to South Copperstone, Inc. and in the amount of circa US$850,000, will be repaid to the Company by the Purchaser of Bouse Gold, Inc. and South Copperstone, Inc.
The amounts owed by the Company in respect of the balance of the outstanding Long Term Loan Note Holders and the current creditors will be settled from the sale proceeds. This amount will not be in excess of circa US$600,000.
PRICING GUIDELINE IN RESPECT OF THESE SALE TRANSACTIONS
The Company can confirm that the sale of its 510,923,545 shares of Bouse Gold, Inc. Common Stock and its 1,030,421,001 shares of South Copperstone Common Stock will not equate to a net amount that equates to an amount that is lower than the amount of US$0.003 per share of the Company’s Common Stock. The transaction is priced upon a Gold Price of US$1,050/oz. Should the Gold price be greater than the amount of US$1,050/oz upon the final completion of the sale of these shares of Common Stock in Bouse Gold, Inc. and in South Copperstone, Inc.; then the pricing per share would be greater than aforesaid. Stockholders are advised that these are pricing guidelines and simply reflect the lowest price that has been accepted by the Company. The Company is not prepared to give detailed information prior to the published completion of these sales transactions.
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tattoo1 Share Saturday, January 14, 2012 11:55:51 PM
Re: SevenTenEleven post# 193133 Post # of 193847
And shares in broker accounts, if in cash accounts and not margin. Are not allowed to be loaned by the brokers to shorty.
tattoo1 Share Saturday, January 14, 2012 11:58:02 PM
Re: tattoo1 post# 193137 Post # of 193847
the revoking keeps the shorts in limbo. Like stuck. Until company is ready to resolve the issue. Or pay out the dividend.
5T WD haha
BMFL<OD
next week(s) is here
Offline
AlanC Share Sunday, January 15, 2012 9:21:53 AM
Re: puppydotcom post# 193126 Post # of 193847
Nice of you to finally admit that FFGO was shorted/naked shorted with the hopes and expectations of never having to cover. We longs have know that was happening for years and FINRA's short sale reports provide ironclad proof that was the case. Thankfully FFGO management recognized it as well and devised a plan to not only protect themselves and their shareholders but to compensate them for what they endured as well. Those who shorted/naked shorted FFGO will be picking up most of the tab for the dividends paid. No long can say which day exactly that will be announced just as management was not able to either when they made the announcement but I do agree with management's commentary that most of the longs will be pleased with the result. I can understand that the shorts would be frustrated because they are trapped with no escape from their situation. Every day new rules and regulations that make their situation even worse come into play and the carrying costs for those short must be very expensive as well. Must be like Chinease water torture for those short, then again, they deserve it and more. Go FFGO!!!
Dividends of 3400%+ are awesome!
AlanC Share Sunday, January 15, 2012 9:33:19 AM
Re: Rocket Man post# 193132 Post # of 193848
Is there any doubt that those short have dug and dug and dug in an effort to come up with something they could provide regulators with to go after these men? I am sure they have travelled the earth looking and so far have found zero, squat, nada, try as they might. Management is squeaky clean and done no wrong with selling unregistered shares, etc.. or charges would have been filed years ago. Management of FFGO turned the tables on the shorts and have them trapped and you can be sure they are an unhappy bunch as this is costing them big bucks. They are not in control of this situation and their regulator contacts are unable to help them on this one. Nice payday coming for the longs and some big due bills coming for the shorts! Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Sunday, January 15, 2012 9:55:04 AM
Re: AlanC post# 193146 Post # of 193848
FFGO - Those short will be on the hook for $3449/million shares shorted. 1B shares in electronic marker form will cost Shorty $3,449,000. 10B shares short will cost him $34,490,000, etc.
It will be very very expensive for Shorty com dividend distribution time. Which as stated by the company, may take time, but will be worth it.
Anyone willing to write down their shares like have done so. Hopefully, the company pulls everything together soon.
Margin calls may come for those short in FFGO, for other short positions they have established. Once they are forced to payout to cover the dividend, their capital surplus will be significantly reduced. This could cause a snowball effect in the OTC of short covering and ordered buyins for a number of stocks.
Wish ETrade would have filled my buys while on the grey market. Wonder why they couldn't match my buys with sells that were suppose to be placed? Possible they would not have had a locate on those IOU markers?
Tic Toc
AlanC Share Sunday, January 15, 2012 10:10:56 AM
Re: SevenTenEleven post# 193147 Post # of 193848
Etrade filled a 2 million share buy order for me while on the grays. I am planning a nice vacation on the shortman upong receipt of that $6,898.00. Is the tax rate on dividends still only 10% or has that been upped I wonder. Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Sunday, January 15, 2012 10:11:59 AM
Re: paunch13 post# 193148 Post # of 193849
FFGO - Correct! If they are short 100B, it will cost them $344,900,000.
Legal or illegal, they had plenty of time to cover prior to the revocation. They even have had opportunity to cover with write-downs from retail.
Tic Toc
OldBen Share Sunday, January 15, 2012 10:13:15 AM
Re: puppydotcom post# 193114 Post # of 193849
at best this has been legally shorted by some off shore entity who knew the stock was going to be revoked --puppydotcom
As AlanC said, nice of you to admit..... My challenge to all legal shorters will be explained below. If 9 out 10 trades resulted in short volume and so many people express the indefinite demise of FFGO then there must be legal shorts who should be loudly expressing their victory, unless they never really won???
If legal short holders hold shorts then in almost all cases they still have the shorts in their accounts. The one exception that I don't believe was ever an option is options (namely, put options or selling call options). I don't believe there were FFGO options. If there were ever options then they would expire worthless and shorty would get to keep his gains in the case of a revocation.
FFGO shorted stocks like a futures contract would have to be covered. In the case of a futures contract, if the contract month expires then delivery must occur and every dollar, ounce, bushel, barrel, etc. must be delivered and the shorter must pay for every dollar, ounce, bushel, barrel, etc.
Unlike options, futures and shorted stocks have to be covered.
There must be some legal shorts out there. Please correct or confirm me if I am wrong IF you are a legal shorter. If you are legal short and FFGO is such a horrible company and you got away with keeping the money, then, by all means step forward, tell me how it "really" works and if you got away with keeping the money. If you are legally short, you have nothing to worry about, right.
If I was legally short and I made a fortune off of FFGO and felt that it was going to continue indefinitely then I would gladly step up and proclaim my victory.
If no one steps up, then I can assume that no one that is legally short believes that their victory will be indefinite. They know that a dividend or legal solution or government intervention is coming one day or the other. That is why they are not cheering louldly on this board.
Prove me wrong...........
SevenTenEleven Share Sunday, January 15, 2012 10:26:00 AM
Re: AlanC post# 193149 Post # of 193849
AlanC, it al depends on whether the dividend is considered ordinary or qualified. Ordinary is taxed at the tax rate which the investor's ordinary income qualifies for. Qualified is taxed at a maximum of 15%. What is an extraordinary dividend taxed at?
Extraordinary dividend is an irregular dividend that is not derived from profits arising out of the ordinary course of business but that is declared because of unusually large income or an unexpected increment in capital assets due to fortuitous conditions.
Extraordinary dividend is paid in cash or stock and constitutes a distribution or a capitalization of surplus profits remaining after distribution of ordinary dividends.
Extraordinary dividend is also termed as extra dividend, nonrecurring dividend, or special dividend.
$3449.00/million shares held is a great thing!
OldBen Share Sunday, January 15, 2012 10:34:23 AM
Re: None Post # of 193849
On other boards I have visited, legal shorts name the price that they will short at and if they "win" and the stock goes down, they loudly proclaim their victory on the board. Why haven't any FFGO legal short holder EVER proclaimed their victory on this board?????
Maybe, because they know they will not win in the end.
EVERYONE must believe that FFGO is going up and NO ONE has ever legally shorted FFGO????
OldBen Share Sunday, January 15, 2012 10:38:50 AM
Re: OldBen post# 193153 Post # of 193849
EVERYONE BELIEVES THAT FFGO WILL GO UP. NO ONE HAS EVER ADMITTED TO LEGALLY SHORTING FFGO. Wow we have such incredible support on this board. THANKS GUYS!!!!!!!!
OldBen Share Sunday, January 15, 2012 10:55:47 AM
Re: OldBen post# 193154 Post # of 193849
IF SO MANY PEOPLE BELIEVED, FOR YEARS ON END, THAT FFGO WAS A POS SCAM THEN WHY HAS NOT ONE PERSON STEPPED UP AND SAID THAT THEY MADE A FORTUNE LEGALLY SHORTING FFGO?????????????????
If so many feel so strongly about FFGO being a scam and falling apart, then why didn't ONE person step up and say they made a fortune legally shorting FFGO.
I have been here since 09 and I don't ever remember anyone saying that they legally shorted FFGO. Yet, we have the daily posters who say that FFGO is a POS scam. Why didn't ANYONE invest in the direction of their posts and legally shorted and exclaimed their victory????
OldBen Share Sunday, January 15, 2012 11:02:14 AM
Re: OldBen post# 193155 Post # of 193849
No one actually believed that FFGO was going to go down, otherwise, they would have actually legally shorted FFGO and exclaimed their victory on this board. Or, they are not sophisticated enough to know how to short a stock on margin or otherwise and so on and so forth.
No one has ever REALLY had conviction that FFGO was going down. There has been YEAR AFTER YEAR to legally short FFGO. No one has ever admitted to legally shorting FFGO.
Wonder why??? LOL !!!!!!!
SevenTenEleven Share Sunday, January 15, 2012 11:12:41 AM
Re: Rocket Man post# 193157 Post # of 193849
FFGO - As FINRA has made clear, daily short volume and bimonthly short interest are likely under reported and under inclusive for OTC stocks such as FFGO. There are many ways this is achieved and possible. Many of which are illegal if done intentionally.
Just ask UBSS and Credit Suisse how they did it illegally. Oh yeah, they admitted no guilt.
Plenty of proof to suggest FFGO has been the target of illegal short selling and illegal market manipulation.
Tic Toc
Rocket Man Share Sunday, January 15, 2012 11:52:08 AM
Re: SevenTenEleven post# 193158 Post # of 193849
The very compelling data PEr Public records shows that to be a very big concern.. I will look forward to see the outcome when it gets completed. I would surmise it would be a similar outcome like those you mention. Lets hope worse. I wonder what happens to the assets that are seized, is HGLC going to get back what they lost? Is the fine on HGLC going to get waived or payed from proceeds, are shareholders going to get a portion thereof? Is shorty going to have to pay cash for the illicit shares borrowed that were never ever intended to be covered in FFGO or HGLC.
Some suggest that legal shorting is what may have been done in FFGOs case because everyone new it was a bad company "" ""? LMAO~ Or is it more the fact that there are massive naked short positions in FFGO and even HGLC, illegal naked short postionsby the same theory? The data provided lately per FINRA, CHARTS, Etc., appear to indicate to or by any rational mind there is a very large problem in both areas that need to be solved, no theory there. This is no FANTASY!
I like to see the outcome from HGLC,(being a direct relationship to FFGO) to be similar if NSS is infact that the culprits like we see in UBSS and Credit Suisse and Materra, Arnold, etc., get fines, dis engorgement and Jail time..
Read on.
Quote:
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Here is a culprit that helped ruin the Divs for many shareholders that were paid by GWGO/FFGO in what is now HGLC! Here is a renown crook! The good thing is the SEC has Materras' number. The thing that is even better now is that FFGO is not involved and is squeaky clean!
Rocket Man
Quote:
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FOR IMMEDIATE RELEASE
2011-245
Washington, D.C., Nov. 17, 2011 — The Securities and Exchange Commission today filed an emergency enforcement action to stop a fraudulent scheme targeting investors seeking coveted stock in Internet and technology companies like Facebook and Groupon in advance of a public offering.
Additional Materials
SEC Complaint
The SEC alleges that Florida resident John A. Mattera and several other individuals carried out the scam using a newly-minted hedge fund named The Praetorian Global Fund. They falsely claimed that the fund and affiliated Praetorian entities owned shares worth tens of millions of dollars in privately-held companies that were expected to soon hold an initial public offering (IPO) including Facebook, Groupon, and others. Taking advantage of investor interest in pre-IPO shares that are virtually impossible for company outsiders to obtain, Mattera and others solicited funds and gave investors a false sense of comfort that their money was protected by telling them that an escrow service was receiving their funds.
In reality, according to the SEC’s complaint filed in federal court in Manhattan, Mattera and his cohorts never owned the promised pre-IPO shares in these companies. The purported escrow service, headed by John R. Arnold of Florida, merely transferred investor funds to personal accounts controlled by Mattera and Arnold. After Arnold took a cut of the money for himself, Mattera stole most of the remaining funds to afford his lavish personal expenses and pay others for their roles in the scheme.
“By conjuring up a seemingly prestigious hedge fund and touting the safety of an escrow agent, these men exploited investors’ desire to get an inside track on a wave of hyped future IPOs,” said George S. Canellos, Director of the SEC’s New York Regional Office. “Even as investors believed their funds were sitting safely in escrow accounts, Mattera plundered those accounts to bankroll a lifestyle of private jets, luxury cars, and fine art.”
The U.S. Attorney’s Office for the Southern District of New York, which conducted a parallel investigation of the matter, today filed criminal charges against Mattera, who was arrested earlier today.
The SEC is seeking an emergency court order to freeze the assets of Mattera, Arnold, Joseph Almazon of Hicksville, N.Y., David E. Howard II of New York City, Bradford Van Siclen of Montclair, N.J., and eight different entities also charged in the SEC’s complaint.
The SEC alleges that Mattera, who has been a subject of a prior SEC enforcement action and several state criminal actions, used investor proceeds to compensate Van Siclen and others for their involvement in promoting the fraudulent offerings. Howard, who was separately charged by the SEC earlier this year for his role in a boiler room operation, worked for Mattera as an authorized representative of the Praetorian hedge fund. Mattera, Van Siclen, and Howard were each actively involved in providing false documents and information to broker-dealer representatives in pitching their clients to invest in the Praetorian entities. They raised at least $12 million from investors across the country during the past 15 months. Almazon controls Long Island-based unregistered broker-dealer Spartan Capital Partners, which raised a significant portion of the money in the Praetorian entities.
The SEC’s complaint alleges that Spartan Capital solicited investments by phone, word of mouth, and advertisements on professional networking website LinkedIn.com. One advertisement read in part: “[Spartan] can offer the opportunity to buy pre-IPO shares of the following companies: Facebook, Twitter, Zynga, Bloom Energy, Fisker, and Groupon.” Another ad stated: “We have access to Fisker Auto, Groupon, Ren Ren, Bloom Energy and many more! Unlike most of the other investment banking firms, we let you sell your shares right at the open! You also do not need to be in NY to invest in our IPOs!”
According to the SEC’s complaint, the purported escrow accounts at Arnold’s firm — First American Service Transmittals Inc. (FAST) — played a critical role in the fraudulent scheme. Mattera and Van Siclen told investors verbally and in writing that their investments would be held in escrow with FAST. Arnold, who was charged together with Mattera in a previous SEC enforcement action, falsely held out FAST as an escrow agent for the investments. Almost immediately after receiving investors’ deposits, however, Arnold released the money to himself and entities controlled by Mattera, who misappropriated investors’ funds for private jets, luxury cars, fine art, jewelry, and other personal uses. He also transferred money to his mother Ann Mattera and his wife Lan Phan. They are named as relief defendants in the SEC’s complaint for the purpose of reclaiming investor funds unrightfully in their possession.
The SEC’s complaint charges Mattera, Van Siclen, the Praetorian Fund, Praetorian G Power I LLC, Praetorian G Power II LLC, Praetorian G IV, Praetorian G Power V LLC, and Praetorian G Power VI LLC, Arnold, and First American Service Transmittals Inc. with violations, or aiding and abetting violations of, Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5. The complaint further charges Mattera, Van Siclen, the Praetorian G entities, Almazon, Spartan Capital Partners, and Howard with violating Sections 5(a) and 5(c) of the Securities Act by engaging in the unregistered offering of securities, and Almazon and Spartan Capital with violations of Section 15(a) of the Exchange Act by acting as unregistered brokers.
The SEC seeks a temporary restraining order as well as preliminary and permanent injunctive relief and financial penalties against the defendants, as well as disgorgement by defendants and relief defendants of their ill-gotten gains plus prejudgment interest.
The SEC’s investigation, which is continuing, has been conducted by Karen Willenken, Michael Osnato, Richard Needham, and Yvette Quinteros of the New York Regional Office. The SEC’s litigation effort will be led by Preethi Krishnamurthy. The SEC thanks the U.S. Attorney’s Office for the Southern District of New York, Internal Revenue Service, and Swiss Financial Market Supervisory Authority for their assistance in this matter.
# # #
For more information about this enforcement action, contact:
Andrew M. Calamari
Associate Regional Director, SEC’s New York Regional Office
(212) 336-0042
Michael J. Osnato, Jr.
Assistant Regional Director, SEC’s New York Regional Office
(212) 336-0156
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SevenTenEleven Share Sunday, January 15, 2012 12:11:27 PM
Re: Rocket Man post# 193160 Post # of 193849
FFGO - Imagine being a historical short holder. No way to cover and no way to avoid paying a dividend. Same now goes for short holders of revoked shares of FFGO. They are now trapped and must pay the dividend. No way to manipulate the stock ahead of the record date.
Looking forward to $3449/million shares in holding.
Rocket Man Share Sunday, January 15, 2012 12:14:50 PM
Re: SevenTenEleven post# 193161 Post # of 193849
Now that is a painful thought.. You may not have been around during the forward splits and then the 2000/1 R/S, so that thought of having issues dating that far back will be an even bigger problem that will need solving.
SevenTenEleven Share Sunday, January 15, 2012 12:15:40 PM
Re: Rocket Man post# 193163 Post # of 193849
I remember one filing stating a dividend payment of over $300MM. That was back then.
wrj Share Sunday, January 15, 2012 1:09:19 PM
Re: None Post # of 193849
Market value showing in my Zecco account as of today.
FFGO Fortress Financial Group, Inc. 17,440,000 $0.00 $0.00 $0.00 $1,744.00
AlanC Share Sunday, January 15, 2012 2:43:27 PM
Re: OldBen post# 193155 Post # of 193849
Spot on Ben, you nailed it! The shortman knows he is in very grave danger with FFGO! Go FFGO!!!
Dividends of 3400%+ are awesome!
OldBen Share Sunday, January 15, 2012 4:41:38 PM
Re: underdog150 post# 193174 Post # of 193849
underdog150, puppydotcom why didn't you guys legally short FFGO? Where is the conviction??
SevenTenEleven Share Sunday, January 15, 2012 6:15:56 PM
Re: puppydotcom post# 193186 Post # of 193849
however, IMO there were people who knew when FFGO was going to be revoked over a year ago .. no doubt in my mind some shorted FFGO knowing full well they would never need to cover because of the revoking - puppydotcom
Of course there was shorting! 90 plus percent! Looks like NITE shorted 1.8B to create an orderly market.
Now NITE is trying to get investors to write down those 1.8B shares so they could close out those open short positions.
Would NITE go to such lengths, to do so, by lying about IRS rules and statutes?
Would NITE go to such lengths, to do so, by discrediting or denying Wyoming State Statutes?
What would NITE do illegally to cover their illegal naked short sales?
Tic Toc
Rocket Man Share Sunday, January 15, 2012 6:21:13 PM
Re: underdog150 post# 193184 Post # of 193849
Maybe this will tell the story so people can see with no bold or colored and to many quotes, that at least there is a huge to massive short position in FFGO..
Quote:
FINRA short sale numbers for Novemeber 2010 for FFGO!!!
20101101|FFGO|2849999|3849999|0 74%
20101102|FFGO|1750000|1750000|O 100%
20101103|FFGO|7000000|7107200|O 98%
20101104|FFGO|2000000|2000000|O 100%
20101105|FFGO|7999999|10999999|O 73%
20101108|FFGO|15050000|26500000|O 57%
20101110|FFGO|1000000|2898917|O 34%
20101111|FFGO|2419999|2419999|O 100%
20101112|FFGO|3100000|3200000|O 97%
20101116|FFGO|1000000|1340000|O 75%
20101117|FFGO|6000001|10778584|O 56%
20101118|FFGO|2000000|4014600|O 50%
20101122|FFGO|19845000|19845000|O 100%
20101123|FFGO|500000|1000000|O 50%
20101130|FFGO|20385000|21035000|O 97%
Nov. totals: 79,354,998.00 107,739,299.00 74% sold short
Here are the FINRA short sale numbers for December 2010:
20101202|FFGO|999999|999999|O 100%
20101203|FFGO|615000|4585000|O 13%
20101206|FFGO|1100000|1220000|O 90%
20101207|FFGO|700000|3700000|O 19%
20101208|FFGO|750000|1017259|O 74%
20101209|FFGO|2500000|4500000|O 56%
20101210|FFGO|57089999|74194973|O 77%
20101213|FFGO|6000000|10005000|O 59.7%
20101214|FFGO|28900077|31695902|O 91%
20101215|FFGO|5500000|5704441|O 96%
20101216|FFGO|33250000|54755000|O 61%
20101217|FFGO|8890998|9340998|O 95%
20101220|FFGO|5615800|6660800|O 84%
20101221|FFGO|9600000|11200000|O 86%
20101222|FFGO|24577777|31723803|O 77%
20101227|FFGO|154399995|176901620|O 87%
20101228|FFGO|4999999|4999999|O 100%
20101229|FFGO|9382269|9426819|O 100%
20101230|FFGO|7000000|7010000|O 100%
20101231|FFGO|4081168|8192303|0 50%
Dec. totals: 361,453,081.00 457,833,916.00 79%
2,910 short sale totals: 440,808,079. out of a total volume of 565,573,215 or 78% shares sold short. Note well the SEC only started publishing FINRA's daily short sale numbers in Nov. of 2010.
For anyone to this day, to think that the data is accurate on FFGO on the OTC site for the Reg SHO Bi-Monthly reports, is a farce. Flat out. Actually, it is so in accurate that they quit reporting the Short volume interest in FFGO last year on the OTCwebsite.
I am also pretty sure the T/A mentioned there were thousands of shareholders to me when I called them. Look these numbers over when you get a second. It is very enlightening. I suggest all longs take a deep look and grasp the enormity of it all. It is about time all longs start to support their investments. The data provided below is the SCAM on your/our investment! Not FFGO. It is the scam that has been done to FFGO, IMO. And the Below numbers are Made Public each and every day, per FINRA Daily Volumes. This compnay has been for many years and is presently under attack, still to this day, imo.
Aug 13, 2010 0 -100.00 1,071,924,272 0.00 No No
http://www.otcmarkets.com/stock/FFGO/short-sales
Quote:
Shorty would make a lot of money off that Scam.. Especially with the FFGO short numbers having not been reported over a year now. That scam is out in the open and the fact that the FINRA Daily short #s being over 90% short since 02/17/2011 where a cool 500+ million shares traded in one trade and to this date could not have been covered.. See Below:
Quote:
FFGO FINRA SHORT NUMBERS!!!!
January 2011
20110103|FFGO|20000000|22953402|O 87%
20110104|FFGO|9100000|9400000|O 96.8%
20110105|FFGO|8250000|13250000|O 62.3%
20110106|FFGO|11000000|11220000|O 98%
20110107|FFGO|9999999|9999999|O 100%
20110110|FFGO|400000|900000|O 44%
20110111|FFGO|1500000|2000000|O 75%
20110112|FFGO|1400000|1400000|O 100%
20110113|FFGO|1300000|1800000|O 72%
20110114|FFGO|23859999|38587151|O 61%
20110118|FFGO|3000400|3400400|O 88%
20110120|FFGO|7499999|8099999|O 92.5%
20110124|FFGO|1800000|1800000|O 100%
20110125|FFGO|800000|800000|O 100%
20110126|FFGO|10000000|10000625|O 99.9%
20110131|FFGO|317800|317800|O 100%
February 2011
20110202|FFGO|20700000|36210000|O 57%
20110203|FFGO|13400000|38601000|O 34.7%
20110209|FFGO|200000|365000|O 54.7%
20110210|FFGO|2900000|3700000|O 78.3%
20110211|FFGO|500000|4970000|O 10%
20110214|FFGO|2000000|2006250|O 99.6%
20110216|FFGO|17700000|27770000|O 63%
20110217|FFGO|525499999|528499999|O 99.4% COLD WINTER DAY
20110218|FFGO|7600000|8725000|O 87.1%
20110222|FFGO|10000000|10526708|O 94.9%
20110223|FFGO|2000000|2700000|O 74%
20110225|FFGO|1000000|1455000|O 68.7%
March 2011
20110301|FFGO|1000000|0|1350000|O 74%
20110303|FFGO|1795000|0|3492848|O 51%
20110304|FFGO|100000|0|100000|O 100%
20110307|FFGO|1800000|0|1800000|O 100%
20110311|FFGO|500000|0|500000|O 100%
20110314|FFGO|2000000|0|2000000|O 100%
20110315|FFGO|3500000|0|4500000|O 77.7%
20110316|FFGO|11500000|0|11500650|O 99.99%
20110317|FFGO|3114000|0|3617357|O 86%
20110318|FFGO|13020000|0|13020000|O 100%
20110324|FFGO|150000|0|701113|O 21%
20110325|FFGO|110000|0|110000|O 100%
20110329|FFGO|1497300|0|1497300|O 100%
20110331|FFGO|1999999|0|3430269|O 58%
April 2011
20110404|FFGO|5891100|0|6651100|O 88.5%
20110405|FFGO|126400|0|126400|O 100%
20110406|FFGO|150000|0|150000|O 100%
20110411|FFGO|456000|0|456000|O 100%
20110413|FFGO|876543|0|876543|O 100%
20110414|FFGO|4100000|0|4741400|O 86.4%
20110415|FFGO|1500000|0|2500000|O 65%
20110420|FFGO|100000|0|100000|O 100%
20110421|FFGO|1560000|0|1560000|O 100%
20110425|FDTC|4000|0|25000|O 16%
20110426|FFGO|1000000|0|1000162|O 99.9%
20110427|FFGO|1000000|0|1000000|O 100%
20110428|FFGO|8072700|0|8322700|O 96.9%
20110429|FFGO|30210000|0|30210000|O 100%
May 2011
20110502|FFGO|4476700|0|4476700|O 100%
20110503|FFGO|7338600|0|10788600|O 68%
20110504|FFGO|2000000|0|2000000|O 100%
20110505|FFGO|1620000|0|2140000|O 75.7%
20110506|FFGO|1500000|0|1505583|O 99.6%
20110509|FFGO|1000000|0|1000000|O 100%
20110511|FFGO|3000000|0|3040000|O 88.2%
20110512|FFGO|7200000|0|8200000|O 87.8%
20110516|FFGO|8200000|0|8300000|O 98.7%
20110517|FFGO|4099900|0|4199900|O 97.6%
20110518|FFGO|585000|0|585000|O 100%
20110520|FFGO|1000777|0|1000777|O 100%
20110523|FFGO|2000000|0|2000000|O 100%
20110524|FFGO|500000|0|800000|O 62%
20110525|FFGO|18585000|0|18585000|O 100%
20110527|FFGO|1000000|0|1000000|O 100%
20110531|FFGO|7628700|0|8031462|O 94.9%
June 2011
20110603|FFGO|400000|0|400000|O 100%
20110606|FFGO|2710000|0|2710000|O 100%
20110607|FFGO|24000000|0|24000000|O 100%
20110608|FFGO|173800|0|173800|O 100%
20110609|FFGO|2500000|0|2500000|O 100%
20110610|FFGO|83100|0|83100|O 100%
20110614|FFGO|1500000|0|1500000|O 100%
20110615|FFGO|1000000|0|1000000|O 100%
20110616|FFGO|2000000|0|2000000|O 100%
20110617|FFGO|1105223|0|1355223|O 81.5%
20110621|FFGO|423000|0|423000|O 100%
20110623|FFGO|1000000|0|1000000|O 100%
20110624|FFGO|3401333|0|3401333|O 100%
20110629|FFGO|8619200|0|8619200|O 100%
20110630|FFGO|200400|0|200400|O 100%
July 2011
20110701|FFGO|5497995|0|5497995|O 100%
20110706|FFGO|400400|0|700400|O 57%
20110711|FFGO|500000|0|1400000|O 35%
20110714|FFGO|1102699|0|1102699|O 100%
20110715|FFGO|300100|0|400100|O 75%
20110718|FFGO|10850000|0|10850000|O 100%
20110719|FFGO|74000000|0|74000000|O 100%
20110720|FFGO|54100000|0|54100000|O 100%
20110722|FFGO|30000000|0|30000000|O 100%
20110725|FFGO|10346500|0|10346500|O 100%
20110727|FFGO|2400100|0|3400100|O 70.5%
August 2011
20110801|FFGO|8900000|0|8900000|O 100%
20110803|FFGO|5550000|0|5550000|O 100%
20110804|FFGO|7000100|0|10325100|O 67%
20110805|FFGO|5573333|0|5723333|O 100%
20110808|FFGO|405800|0|405800|O 100%
20110809|FFGO|3400000|0|3500000|O 97.1%
20110811|FFGO|3279000|0|3279000|O 100%
20110812|FFGO|100100|0|100100|O 100%
20110815|FFGO|14500000|0|14500000|O 100%
20110816|FFGO|1000000|0|1000000|O 100%
20110817|FFGO|10490000|0|10490000|O 100%
20110818|FFGO|4000000|0|4000000|O 100%
20110822|FFGO|467000|0|467000|O 100%
20110823|FFGO|55633600|0|55633600|O 100%
20110824|FFGO|500000|0|500000|O 100%
20110825|FFGO|750000|0|750000|O 100%
20110829|FFGO|1500000|0|1500000|O 100%
20110831|FFGO|45327062|0|61885560|O 73.2%
Here are the month of September and year to date FINRA short sale numbers for FFGO:
September 2011
20110901|FFGO| 777000|0| 832000|O 93.3%
20110902|FFGO|4000000|0|4000000|O 100%
20110908|FFGO|1920000|0|1920000|O 100%
20110909|FFGO|2500000|0|2500000|O 100%
20110913|FFGO|5000000|0|5299100|O 94.3%
20110914|FFGO|3000000|0|3000000|O 100%
20110923|FFGO|2000000|0|2320000|O 86.2%
20110928|FFGO|1000600|0|1125600|O 88.8%
Month totals: 20,197,600/20,996,700 96.1%
October 2011
20111003|FFGO|500000|0|500000|O 100%
20111004|FFGO|2000000|0|2000000|O 100%
20111005|FFGO|310000|0|590000|O 52.5%
20111006|FFGO|600000|0|1600000|O 37.5%
20111010|FFGO|100000|0|100000|O 100%
20111012|FFGO|2010000|0|2390000|O 84.1%
20111013|FFGO|2999999|0|2999999|O 100%
FFGO YEAR TO DATE
JAN 110,228,197/ 135,899,376
FEB 603,499,999/ 665,528,957
MAR 42,086,299/ 47,619,537
APR 55,046,743/ 57,719,305
MAY 71,734,677/ 77,653,022
JUN 49,116,056/ 49,366,056
JLY 189,497,794/ 191,797,794
AUG 168,375,995/ 188,509,493
SEP 20,197,000/ 20,996,700
Year to date totals
1,309,782.760/ 1,435,090,240 91.2% SHORT VOLUME
regsho.finra.org/FORFshvol20110324.txt
RM
OldBen Share Sunday, January 15, 2012 6:25:40 PM
Re: puppydotcom post# 193186 Post # of 193849
Ben, the margin requirements are way to restrictive, providing you can find a broker who will let you short a .0001 stock
it makes no sense to short this stock .. there is no upside
however, IMO there were people who knew when FFGO was going to be revoked over a year ago .. no doubt in my mind some shorted FFGO knowing full well they would never need to cover because of the revoking
and why does there have to be a conviction??
there are 1000 of trash stocks like FFGO --puppydotcom
The margin requirements may be high. If there are high margin requirements then a person would simply short less size.
If a person shorted FFGO when it was .0004 .0003 .0002 or so that is 75%, 66%, 50% returns on their money. Big upside!!! If they believed a revocation would be permanent then 100% return. Big upside!!!
Conviction means being committed to your position. So many people post passionate, emphatic, numerous posts about FFGO being a permanently dead stock. This has been going on for years. Why hasn't ANYONE come forward to claim their legally shorted "victory" on this board?? Since no one has. I believe no one has conviction to believing that FFGO is a permanently dead stock.
If there are a 1000 trash stocks then there is a bundle of money to be made shorting these stocks.
Yet, there are not a 1000 trash stocks on Ihub boards. There are not 1000s of legal shorters. There are many people without conviction.
Rocket Man Share Sunday, January 15, 2012 6:27:11 PM
Re: SevenTenEleven post# 193187 Post # of 193849
At this stage of the game with all the data showing short numbers is that there is no such thing and it was legal now.. LMAO
Quote:
--------------------------------------------------------------------------------
I believe many are missing a very simple point, hopefully not on purpose. The REG SHO BI-MONTHLY Reports quit reporting on 08/13/2010..
That is a fact.. The stock still traded up to this recent suspension on 10/27/2011 sec.gov/litigation/admin/2011/34-65640.pdf , all the while FINRA was busy tallying the Daily Short Volumes that are 91.2% of the total agregate for 2011 and the upper 79% for 2010 since FINRA first started reporting them.
I have reported the numbers many times and I am going to re-post them below because the data does not reconcile between Finra and Reg Sho. Don't be bashful folks please read on!
But first, please remember everyone that the last FFGO 8k was filed on 08/12/2010 per the OTC. Are we not just a little bit suspicious about that date and that the REG SHO BI-Montly Report posted one last time on 08/13/2010 and then quit since?
We all hope that the OTC didn't report the data up until April 2011 and then for some odd reason removed that data from the OTC website and then even, for there to be no postings here that many are looking for can't find refuting that data which was posted on and thereafter that cold winter day of 02/17/2011 is to be found, yet. I presume since before that cold winter day there were many days where it was refuted that FINRA was wrong in their Daily Reports by stating that REG SHO was not reporting any Short Interest data to support FINRA numbers. That argument is moot now!!!
Well that argument is debunked, as there is no data post 08/13/2010 on OTC website for REG SHO BI-MONTHLY Reproting. So since 02/17/2011 there is no mathematical way that all the shares from that cold winter day up to the temporary suspension could have been covered shares.. 91.2% for that year is some pretty hard evidence, imo!
It is not a far fetched Idea, as we know in the news that there has been some problems with both the SEC and FINRA. Things like back dating filings, changing signatures, hiding that there were failures to report short positions, etc.. Credibility kinda goes out the door don't you think. I sure do.
So in the mean time, I'll believe my hard DD and I will presume that most here will agree too, it is very compelling data and should be taken seriously!
RM
--------------------------------------------------------------------------------
VERY BASIC DATA SHOWS WHAT IS GOING ON IN FFGO!! MY Simple DD suggests there is real big problem with FFGO and short positions! 3400% if not more is a lot to loose for short postions to have to cover, 100% would be bad enough for longs to loose.
I can safely say after looking over the below data and the last few days and weeks of postings. I am a winner in FFGO, payday will come in some form of Cash! Lolzzzz "
Quote:
www.fortfinancegroup.com/faq.html
In the above link just do a control f key and type in cash. It comes up 18 times by the company. If the company says the stock will go to the gray sheets only once (1 time) and we are adamantly told to believe what the company says it will do, then everyone suggesting that should believe it, when the company says cash 18 TIMES!!!? We were on the gray sheets were we not? It is now revoked is it not?
NMGL and FFGO have similar filings on the Div. A $@58 million dollar deal is unfolding per those filings.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7410532
Quote:
ITEM 1.01 ENTRY MATERIAL AGREEMENT
On August 12, 2010 the Company’s wholly owned subsidiary Western Diversified Mining Resources, Inc. (“Western”) entered into an agreement with North American Gold & Minerals Fund (“North American”) pursuant to which North American agreed to acquire Western’s 23.22% shareholding in Bouse Gold Inc. (“Bouse Gold”) and Western’s 46.84% shareholding in South Copperstone Inc. (“South Copperstone”) for North American preferred stock valued at US$258,073,107, or US $0.003449 per share of the Company’s issued and outstanding common stock. The North American Series A Preferred Stock that will be issued under the Agreement has liquidation and dividend preferences that apply to future distributions from Bouse Gold, Inc.; the Series B Preferred Stock has liquidation and dividend preferences that apply to future distributions from South Copperstone, Inc.. The valuation of US$258,073,107 is based on the liquidation preference of the preferred stock, which is US$16.00 per share for the Series A Preferred Stock and US$2.20 per share for the Series B Preferred Stock. The annual non-cumulative dividend preference for both Series A and Series B Preferred Stock is 3% of the respective liquidation preference. Both the Series A and Series B Preferred Stock may be redeemed by the North American Gold & Minerals Fund at any time after January 1, 2011at a cash redemption price equal to the liquidation preference.
The Agreement contemplates that the Company will distribute to the Company’s shareholders the shares received as the purchase price, and North American Gold & Minerals Fund is required to use its best efforts to cooperate in carrying out the contemplated distribution. The distribution is expected to be 0.00016168455 (rounded up) per 1 (one) share of Series A Preferred Stock for each 1 (one) share of Fortress Financial Group, Inc. common stock and 0.0003921002 (rounded up) share of Series B Preferred Stock for each 1 (one) share of Fortress Financial Group, Inc. common stock.
ITEM 9.01 EXHIBITS
10.01
Stock Purchase Agreement dated August 12, 2010 by and between North American Gold & Minerals Fund and Western Diversified Mining Resources, Inc.
Quote:
8-K Aug 12, 2010 Aug 12, 2010 133.6 KB PDF RTF HTML XLS
http://www.otcmarkets.com/stock/FFGO/financials
But first just below is the proof that you provided that we all can see that they quit reporting on 08/13/2011. Keep in mind some suggest that they were reported up to at least March 2011. I hope they weren't posted and then yanked for some reason.
http://www.otcmarkets.com/stock/FFGO/short-sales
Aug 13, 2010
0
-100.00 1,071,924,272 0.00 No
No
Jul 30, 2010 94,207 100.00 428,242,532 1.00
No No
Jan 29, 2010 0 -100.00
170,261,302 0.00 No No
Jan 15, 2010
96,685 -96.99 99,620,416 1.00 No No
Dec 31, 2009 3,209,537 5,460.43 109,615,900
1.00 No No
Dec 15, 2009 57,721 1,054.42 424,079,733 1.00 No No
Nov 30, 2009 5,000 100.00 542,658,485 1.00 No No
Jul 31, 2009 0 -100.00 1,402,882 0.00 No No
Jul 15, 2009 250,000 100.00 3,896,000 1.00 No No
May 15, 2009 0 -100.00 7,941,286 0.00 No
No
Results Per Page
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SevenTenEleven Share Sunday, January 15, 2012 7:50:50 PM
Re: Rocket Man post# 193190 Post # of 193850
Now shorting that was just a fantasy was actually occurring? Lol! Appears to me that a legal settlement is part of the extraordinary dividend process. Dividend must be close!
Tic Toc
SevenTenEleven Share Sunday, January 15, 2012 8:38:40 PM
Re: newtrader2007 post# 193192 Post # of 193850
And I believe we witnessed that happening when Billions of shares were being dumped daily following the PRs etc pumping and promoting FFGO while at same time stating would not hear from company. And I think this was the insiders and Lumb and Crew doing so. They made out in selling short millions knowing they would never have to cover. Hell they were controlling all this. - newtrader2007
So the new theory is that there WAS shorting, and it was Lumb and crew doing the shorting into the buying. LOL! Is the same crew, or a different crew, that helped support the bid, now allegedly helping Lumb to cover? LOL!
My theory is that NITE et al is the one that was shorting into the buying and that NITE et al is still trying to cover his naked short positions.
Tic Toc
SevenTenEleven Share Sunday, January 15, 2012 8:52:05 PM
Re: JammingJAY post# 193197 Post # of 193850
Sloan is transferring his shares to NITE to cover.
Sloan has to recover all they can from the "white knight" loan to FFGO. - JammingJAY
So Sloan buys shares at $0.0035, and transfers his shares to NITE at $0.0001 or lower?
WOW! MOST ORIGINAL THEORY YET!
Or is NITE buying shares from Sloan at $0.0035 PLUS to cover their naked short positions?
MORE LIKE IT! IMO!
Tic Toc
Rocket Man Share Sunday, January 15, 2012 9:10:53 PM
Re: newtrader2007 post# 193192 Post # of 193850
Newtrader2007~ Well if that is true that some people new that FFGO was going to be revoked in advance and shorted FFGO for profit and with the help of "short and distort" tactics we see in FFGO still to date at work, it may very well be a successful venture, after the last runs up in price to $.0009 and $.0005 with billions of shares traded, or is it to be profitable and by who? The stock was traded on the Grey Sheets of recent with short volume per FINRA. The stock is now revoked and dormant like the company said they would.
http://www.fortfinancegroup.com/faq.html
To me if what is said to be true, or that I think is being alluded to in FFGO over these last couple days about FFGO being shorted legally as offered here on this board or not, where I stand on it if that theory is successful, that would suggest to me that there was a conspiracy to run the stock up while knowing a team would come in and help wear down the resolve of shareholders to sell and or write off FFGO as a loss like we have recently witnessed here and are still. It would suggest they (shorty) knew and planned that they would never have to cover the BILLIONS of potential illegal naked short shares outstanding while promising $.003449 a share dividend. The implications of that are staggering.
Keep in mind I use illegal naked short selling and not legal shorting as is now the new norm offered up, as we all know per data on the FFGO board and copies of screen shots of REG SHO Bi-Monthly Reports that there is a huge discrepancy between REG Sho Bi-Monthly and Finra Daily reporting. REG SHO Bi-Monthly reports showed little to no legal shorting to be prevalent over that last two years or so, in which is so often pointed out by those suggesting that FFGO was a scam, yet the FINRA daily numbers paint a far bigger picture that has been posted many times here. The Reg Sho Bi-Monthly Reports are simply are under reporting and under inclusive per FINRA. Keep in mind the facts are that REG SHO Quit reporting short numbers over a year ago in FFGO on the date real close of their last 8k.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70912659
I find it ironic now it is legal shorting that is talked about and no one could see the writing on the wall while saying now it was the company that is legally shorting the stock, yet the numbers per Reg Sho Bi-Monthly Reports don't jive at all.
Many said and showed that the OTC REG SHO Bi-Monthly numbers were a fact and to be relied on, yet REG SHO quit reporting the numbers and now FINRA states the reasons why in black and white.
http://www.sec.gov/rules/sro/finra/2009/34-60807.pdf
I am pretty sure there is a problem, a massive one that is getting bigger as it unfolds.
RM
Quote:
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Puppy, I believe you are right that some people new FFGO was gona be revoked and did short. And I believe we witnessed that happening when Billions of shares were being dumped daily following the PRs etc pumping and promoting FFGO while at same time stating would not hear from company. And I think this was the insiders and Lumb and Crew doing so. They made out in selling short millions knowing they would never have to cover. Hell they were controlling all this. I just find this hard to understand that certain people couldn't see the writing on the wall. ~newtrader
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Rocket Man Share Sunday, January 15, 2012 9:12:57 PM
Re: SevenTenEleven post# 193193 Post # of 193850
Legal shorting? Can you show me a post where FFGO was suggested to be legally shorted and considered an acceptable idea?
Rocket Man Share Sunday, January 15, 2012 9:15:55 PM
Re: newtrader2007 post# 193194 Post # of 193851
So now the company (FFGO) was illegally shorting their own stock not legally as mentioned earlier is that it? That is what is suggested about FFGO management right? Possibly by them "" being off shore and all? So is it now that off shore entities can short stocks legally and cause themselves to fail for profit with a crew helping to hammer themselves daily on forums? That sounds like illegal activity and illegal shorting to me.. Since REG SHO Bi-Monthly reports never had any meaning full numbers and all? But wait, FIRNA does.. What a delima.. Seems like this story is getting more and more interesting all the time. It sounds like to me like there is a massive problem and it is all about naked shorting FFGO into the billions of shares and trying to paint a picture away from it an onto the company..
Quote:
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They are the shorters!! ~newtrader
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SevenTenEleven Share Sunday, January 15, 2012 10:28:01 PM
Re: Rocket Man post# 193201 Post # of 193851
Insiders shorting ahead of revoking is more like illegal shorting, IMO. Something I doubt the principles are guilty of. Although, the naked short sellers would love for that to be the truth. Interesting theory being batted around.
Tic Toc
Rocket Man Share Sunday, January 15, 2012 11:17:20 PM
Re: JammingJAY post# 193197 Post # of 193851
So now it is Shorting at its finest in FFGO.
SevenTenEleven Share Sunday, January 15, 2012 11:25:42 PM
Re: Rocket Man post# 193204 Post # of 193851
Settlement for shareholders coming?
5T WD haha
BMFL<OD
next week(s) is here
Offline
Rocket Man Share Monday, January 16, 2012 12:01:10 AM
Re: SevenTenEleven post# 193205 Post # of 193851
So some think that there is a fantasy dividend of 3449% that will not be paid by FFGO. We, as you and I continue to state is or is not going to be paid per the data still alive on FFGOs website. It is still actionable.
http://fortfinancegroup.com/
Lets think for a moment, maybe tomorrow we see it? Next week? Or maybe when the SEC steps in with RICO charges against those that shorted the stock with those that help drive a negative sentiment against the owners and management of FFGO/HGLC, etc over the last couple years to only profit when the stocks get revoked or kicked to the grey sheets?
To give a time frame, to give direction on who is going to pay this so called unbelievable $.003449 dividend. Is it the management who states on the FFGO website that it is or is it the MMs or legal short sellers or the illegal short sellers that will pay it?
It is stated that FFGO will go dormant and yet the short selling crew has " STRUCT " suggesting there is only legal shorting where the facts state per FINRA that is not the case. Keep in mind data is held!! So, to think that they (FFGO) are all again all just drinking and laughting on the Yacths in NEW YORK SEC OFFICES telling America we can crap on anyone with a blemish on their record to distort and short the stock wil win is a joke. Telling the world that management is or are the shorters is a edged sword not fined!! How many SEC officials turn a blind eye to offshore accounts? How many?
So is it they have accounts that are not reporting to the IRS even? Please answer Newtrader.. Okay.
newtrader
Chas56789 Share Monday, January 16, 2012 2:04:37 AM
Re: SevenTenEleven post# 193203 Post # of 193851
SevenTenEleven - One must remember that FFGO was a non-marginable Penny stock. You are not allowed to short non-marginal securities. But the brokers allowed it to happen anyway and even participated in Naked Shorting themselves. They thought if all of them did it....they couldn't put them all in jail.
But I think they are mistaken !
Tic Toc !
Chas56789
SevenTenEleven Share Monday, January 16, 2012 8:57:33 AM
Re: Chas56789 post# 193208 Post # of 193851
FFGO - We have the company stating fantasy shorts because there is no reported proof of shorting. We have FINRA daily numbers supporting an aggregate short position. Now we have agreement that there was shorting, but only legal. Many longs believe the shorting was naked short selling and was illegal since there are little to no real shares to locate.
So at least everyone is on the same page...
FFGO has been the target of manipulative shorting. Abusive manipulative shorting!
Tic Toc
SevenTenEleven Share Monday, January 16, 2012 9:15:45 AM
Re: alien42 post# 193211 Post # of 193851
so the victims who fell for this scam and believed in such nonsense as a 3449% dividend believe in the fantasy NSS.
nothing new there, happens with scams like FFGO all the time. - alien42
Dividend coming! CASH!
Those short, legally or illegally, will be on the hook for $3,449/million shares shorted!
Hold onto those electronic markers retail traders!
Shorty wants them back REALLY bad!
Tic Toc
SevenTenEleven Share Monday, January 16, 2012 9:41:30 AM
Re: Doubleday post# 193213 Post # of 193851
FFGO - The 8-K filings have all of the necessary information an investor needs.
Good Luck!
SevenTenEleven Share Monday, January 16, 2012 9:50:15 AM
Re: alien42 post# 193215 Post # of 193851
the dividend 8k especially.
anyone who reads it can clearly see that the dividend is cancelled. - alien42
Read the filing a number of times. Sorry to say, there is nothing in the filing that CONFIRMS that the dividend is cancelled.
There is NO subsequent filing or communication from the company to confirm such claims!
In FACT, the company WARNED of anonymous claims stating otherwise.
Good Luck!
Rocket Man Share Monday, January 16, 2012 10:36:38 AM
Re: JammingJAY post# 193207 Post # of 193851
Has nothing to do with what I talk about. SHORTY in FFGOis in deep.. eos
Rocket Man Share Monday, January 16, 2012 10:39:54 AM
Re: alien42 post# 193215 Post # of 193851
Which part exactly shows the DIV is cancelled.. Please provide a link for us and the text if you really have it. Thanks
SevenTenEleven Share Monday, January 16, 2012 10:40:02 AM
Re: stockseekerok post# 193217 Post # of 193851
FFGO - Sorry! But a 91% aggregate short is an accumulating short position.
Good Luck!
Rocket Man Share Monday, January 16, 2012 10:52:09 AM
Re: SevenTenEleven post# 193216 Post # of 193851
That is so true. The anonymous claims of false cancellations in FFGO with no reality, links or text to prove the claims, is as bad as the act of purposefully naked shorting a stock with no intention of ever covering the position while attacking the company 24/7 in public forums. It is what is called "" "Short and Distort" tactics and is becoming more and more obvious to everyone on how it works and what to watch for. Live charting and applying text to them shows when, by and how. I suspect that with the SEC having 800 relatively new employees helping to fight crime they would by now know what I am talking about.
SevenTenEleven Share Monday, January 16, 2012 11:03:37 AM
Re: alien42 post# 193225 Post # of 193851
Confirms nothing of the sort! There is ZERO proof that any of the cancelation clauses have be exercised.
Good Luck!
SevenTenEleven Share Monday, January 16, 2012 11:05:44 AM
Re: alien42 post# 193226 Post # of 193851
"Effect of Termination. If this Agreement is validly terminated pursuant to this Section, this Agreement will forthwith become null and void, and there will be no liability or obligation on the part of Purchaser or Seller (or any of their respective officers, directors, employees, agents or other representatives or Affiliates, as the case may be)."
There is this word IF that is a BIG word. So I bolded it! There is no proof that the termination clause has been exercised.
Good Luck!
Rocket Man Share Monday, January 16, 2012 12:04:25 PM
Re: alien42 post# 193225 Post # of 193851
Like I said no proof of it is being cancelled. I believe the key words are "MAY" & "BE". So I think a recent 8k would clear it up. Is there one? Kinda misleading if not. imo..
RM
6.01 Termination. This Agreement may be terminated, and the transactions contemplated hereby may be abandoned:
OldBen Share Monday, January 16, 2012 1:16:39 PM
Re: puppydotcom post# 193232 Post # of 193851
Then why hasn't anyone admitted to legally shorting this stock for years on end?????
SevenTenEleven Share Monday, January 16, 2012 4:57:00 PM
Re: OldBen post# 193235 Post # of 193851
OldBen, Bonafide Market Makers could short without the $2.50 per share margin requirements. They can also naked short sell.
Many hundreds of bonafide market makers.
Good Luck!
Rocket Man Share Monday, January 16, 2012 6:51:03 PM
Re: None Post # of 193851
Finra flat out states REG SHO Bi-Monthly reports are under reporting and under inclusive of data, (FFGO daily numbers were astounding.) effectively a play ground for fraud, imo.
SevenTenEleven Share Monday, January 16, 2012 7:07:20 PM
Re: alien42 post# 193254 Post # of 193851
shorting a scam like FFGO would be like taking candy from a baby if it was allowed and affordable. - alian42
Affordable? Completely affordable to the likes of NITE et al. NITE naked short sells OTC's just like FFGO all the time.
Remember, they are just doing their jobs and creating an orderly market.
In fact, they likely naked short sold 1.8B shares of FFGO the past year.
Just creating a market!
Tic Toc
Rocket Man Share Monday, January 16, 2012 7:26:47 PM
Re: alien42 post# 193254 Post # of 193851
No it isn't false go look at the history.. 90% plus aggregate is a fact. I have posted the numbers many times would you like me to report them again? Don't forget the math doesn't quit work since the 02/17/2011 that cold winter day. Also keep in mind FINRA states that the REG SHO is under reporting and under inclusive as well.. There is your reason for the low numbers on the REG SHO Bi-Monthlly reports. Also keep in mind they quit reporting the bi monthlies over a year ago in the eve of FFGOs last 8k.. Nothing false about them facts.
Quote:
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(FFGO daily numbers were astounding.)~ RM
that is 100% false.
when FFGO showed up on REG SHO, which was rarely, the share numbers were tiny because there never was a significant short in FFGO.
shorting a scam like FFGO would be like taking candy from a baby if it was allowed and affordable.
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Rocket Man Share Monday, January 16, 2012 7:40:22 PM
Re: underdog150 post# 193255 Post # of 193851
Here is the data again.. FFGO has been heavily abused. When FINRA goes so far as to state that REG Sho Bi-Monthly reports are under reported and under-inclusive, brings us to one huge red flag. Which also is indicative of why FFGO is getting such serious attention for being a revoked stock.. lol
REG SHO quit reporting FFGO altogether in August of 2010.. Which by the way proves FINRAs point of Reg Sho being under-repoting like in not at all and under-inclusive, like in not at all.. lmao
Keep in mind that HGLC the sister even gets reported while on the grays. lol
http://www.otcmarkets.com/stock/HGLC/short-sales
Hope that helps..
RM
Quote:
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8 Certain OTC transactions (e.g., riskless principal and agency transactions where one member is acting on behalf of another member) are reported to FINRA in related tape and non-tape reports. Tape reports are submitted to FINRA for public dissemination by the appropriate exclusive Securities Information Processor (“SIP”), while non-tape reports are submitted to FINRA, but are not submitted to the SIP for public dissemination. FINRA will not be including non-tape reports in either the daily short sale volume file or the monthly short sale transaction file. Accordingly, in those instances where the short sale indicator is only included in the related non-tape report, the short sale data published in the daily and monthly files may be under-inclusive. Similarly, the published figures will not include odd lots since these transactions are not disseminated to the consolidated tape.
11 While members generally are required to report trades in equity securities to FINRA within 90 seconds, a firm could improperly delay reporting of short sales until well after the close, which would result in the under-reporting of over-the-counter short sale volume. Delaying the reporting of trades for such a purpose would be considered a violation of the applicable trade reporting rules and Rule 2010 (Standards of Commercial Honor and Principles of Trade).
http://www.sec.gov/rules/sro/finra/2009/34-60807.pdf
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Rocket Man Share Monday, January 16, 2012 9:02:50 PM
Re: layton post# 193260 Post # of 193851
And we all post on a revoked stock as well, for what good reason? lol
Here is one.. http://www.fortfinancegroup.com/faq.html
RM, $.003449 a share promised is nice thanks to a white knight!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7420223
OldBen Share Monday, January 16, 2012 9:14:09 PM
Re: alien42 post# 193236 Post # of 193851
Small account holders might run into that problem of $2.50 per share if they use Interactive Brokers or others.
Large account holders will get "deals" especially with a one on one working relationship with a broker. Those deals were easier in the past as the laws were more lax.
It is easy for large account holders. It is easy for Market Makers. It is easy for Brokers.
Many can legally short without putting up $2.50 a share.
Rocket Man Share Monday, January 16, 2012 11:05:25 PM
Re: layton post# 193262 Post # of 193851
Share holders should be.. There is 90% aggregate rip off volume as I see it for over two years now per FINRA, and yet the frkn people in charge of security (SEC) let it happen!!!! We have day in and day out effectively a supporting group driving negative sentiment to even suggest traders should sell for a tax write off. Go figure. The short numbers offered by FINRA are flat out off the charts.. Ya, there you go, go figure.. I hate thieves.
Rocket Man Share Monday, January 16, 2012 11:17:02 PM
Re: None Post # of 193851
Web site is still running.. http://fortfinancegroup.com/
5T WD haha
BMFL<OD
next week(s) is here
Offline
wrenchman Share Tuesday, January 17, 2012 5:39:48 AM
Re: underdog150 post# 193252 Post # of 193851
If they were just doing their job as your arguement states then why does the DTCC now pull out of certain cusips and make them non-dtc eligible and now they are trade for trade, if there was not a problem with the pennies? I will agree that companies fall in to that chain of coruption(sometimes) as well but yet not provin here and i own a fully reporting penny that is non-dtc eligble after the stock was pounded down and share structure was minimaly changed,so i say to all here that keep pointing at the companies but not anyone else why is that and why have a roundtable webcast for micros if there is no problem why?
AlanC Share Tuesday, January 17, 2012 7:22:57 AM
Re: Rocket Man post# 193253 Post # of 193851
RocketMan: The longs all know based on FINRA's documented numbers the abusive naked shorting that FFGO was subjected to for years. The best wordsmith in the world could not convince any of us that there was some rational explanation for that continuous absuive naked shorting. The regulators are exposed by the numbers they report and even had to stop reporting the SHO numbers because they exposed their lack of enforcement of existing rules and regulations. Go FFGO!!!
Dividends of 3400%+ are awesome!
AlanC Share Tuesday, January 17, 2012 7:30:42 AM
Re: SevenTenEleven post# 193256 Post # of 193851
No question NITE perpetraded this fraud, the only question in my mind was if for themselves, or for clients. I will give NITE credit for at least reporting their numbers correctly unlike Credit Suisse and UBSS which mismarked short trades and called them long. It really doesn't matter to me whether NITE was naked shortselling for their own account, or for a clients, the bottom line is that they pay the dividend on every single share they naked shorted. Gp FFGO!!!
Dividends of 3400%+ are awesome!
Rocket Man Share Tuesday, January 17, 2012 9:27:07 AM
Re: Doubleday post# 193274 Post # of 193851
I guess that is it then. It is all figured out. Everyone in FFGO can go home now.. lol Bye bye.
paunch13 Share Tuesday, January 17, 2012 10:18:45 AM
Re: puppydotcom post# 193286 Post # of 193851
Puppy
FFGO hasn't failed yet, they are doing exactly what they said they were going to do
John
AlanC Share Tuesday, January 17, 2012 11:11:25 AM
Re: paunch13 post# 193287 Post # of 193851
John: Spot on and that is exactly the problem for the shortman!
FFGO has not failed nor filed for bankruptcy. FFGO' s website where management told us exactly what their intentions were is up and running. Exactly what management proclaimed would/could happen has happened. The only charge made by regulators against FFGO after 7 years is that they failed to keep their filings current which management told us they would not. The only thing that has not happened so far is the super 8K filing and that could happen today, tomorrow, next week, etc.. Management knew they would be unable to tell us when it would happen but did state that when it did happen most shareholders would be pleased with the return. I know I will be pleased and expect every other long will as well. Thanks to FINRA we know with certainty that a huge short exists and when the dividends are paid it is going to be very costly to those who find themselves short FFGO shares as it will be them who have to come up with the funds. Doesn't matter if it is Knight (NITE) or clients of NITE such as offshore hedge funds, they will have to pony up for every share they are short. They know it and we know it and so do the regulators. It must be very frustrating for them know a huge bill due is coming and being unable to do anything to stop it. This long feels no sympathy for those who have been stealing honest folks money for years while regulators looked the other way. Go FFGO!!!
Dividends of 3400%+ are awesome!
paunch13 Share Tuesday, January 17, 2012 11:13:58 AM
Re: puppydotcom post# 193292 Post # of 193851
Puppy
Like I said, FFGO is doing exactly what they said they would be doing , They can't tell the share holders what is going on without telling Mr. Shorty and when you are in a war you don't ever allow the enemy to know anything and that is what FFGO is doing, This is the one time shorty gets taken to the cleaners
John
SevenTenEleven Share Tuesday, January 17, 2012 11:35:48 AM
Re: AlanC post# 193293 Post # of 193851
FFGO - Dividend has not been canceled. There have been no filings or communications from the company to support such claims.
In FACT, company made it clear in the FAQ's that claims made by anonymous individuals would carry ZERO merit.
Only company filings or company communications should be referred to regarding the dividend payment.
Company made this clear and so have communications with the SEC.
Tic Toc
Vianna Share Tuesday, January 17, 2012 12:07:40 PM
Re: SevenTenEleven post# 193298 Post # of 193851
FFGO - WE CAN still get the DIVIDEND!
GA Seven, Paunch, Rocket Man, Alan and All FFGOrs! I hope everyone had a great weekend.
Correct, Seven, FFGO is NOT over and the 3400% dividend can still happen, as the revocation means ZERO when it comes to getting the dividend.
Speaking of revocation, for years, there were those trying to protect me and my grandmother from buying FFGO, as it was such a RISKY stock, but with the stock being revoked and NO ONE can buy IT, I am confused...
Seven, THANK YOU again for stating accurate facts to FFGO longs.
TIC TOC
V
SevenTenEleven Member Profile SevenTenEleven Member Level
Share
Tuesday, January 17, 2012 11:35:48 AM
Re: AlanC post# 193293
Post # of 193299
FFGO - Dividend has not been canceled. There have been no filings or communications from the company to support such claims.
In FACT, company made it clear in the FAQ's that claims made by anonymous individuals would carry ZERO merit.
Only company filings or company communications should be referred to regarding the dividend payment.
Company made this clear and so have communications with the SEC.
Tic Toc
OldBen Share Tuesday, January 17, 2012 1:55:07 PM
Re: alien42 post# 193302 Post # of 193851
any longs want to chime in on this? i am sure there will be some excuse or denial of this fact.
in two weeks FFGO will be adminstratively disolved by the state of Wyoming if they don't pay their taxes and the dividend will officially be cancelled per the 8K.
"2.01 Corporate Existence. Seller is a corporation validly existing and in good standing under the laws of Wyoming, and has full corporate power and authority to conduct its business and to the extent now conducted."
www.sec.gov/Archives/edgar/data/802206/000101376210001860/ex1001.htm --alien42
When a homeowner gets behind on his taxes, he/she gets a tax lien on his house. The owners and creditors do not suddenly lose their financial interest in the house.
Shareholders of FFGO might have a tax lien against any dividend paid. I have no problem sharing a tax bill on my 3400%. It is that easy and that simple. To try to say otherwise is unfounded.
Taxes do not nullify a financial interest in a asset. It does not cancel any dividend. There is nothing official nullified and canceled. The only official action that might occur is a tax lien.
SevenTenEleven Share Tuesday, January 17, 2012 2:53:49 PM
Re: alien42 post# 193307 Post # of 193851
Based upon Wyoming Statutes, the dividend process proceeds. There is no forced cancelation by the State of Wyoming.
Please see bolded points below.
17-16-1405. Effect of dissolution.
(a) A dissolved corporation continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including:
(i) Collecting its assets;
(ii) Disposing of its properties that will not be distributed in kind to its shareholders;
(iii) Discharging or making provision for discharging its liabilities;
(iv) Distributing its remaining property among its shareholders according to their interests; and
(v) Doing every other act necessary to wind up and liquidate its business and affairs.
(b) Dissolution of a corporation does not:
(i) Transfer title to the corporation's property;
(ii) Prevent transfer of its shares or securities, although the authorization to dissolve may provide for closing the corporation's share transfer records;
(iii) Subject its directors or officers to standards of conduct different from those prescribed in article 8;
(iv) Change quorum or voting requirements for its board of directors or shareholders; change provisions for selection, resignation, or removal of its directors or officers or both; or change provisions for amending its bylaws;
(v) Prevent commencement of a proceeding by or against the corporation in its corporate name;
(vi) Abate or suspend a proceeding pending by or against the corporation on the effective date of dissolution; or
(vii) Terminate the authority of the registered agent of the corporation.
http://legisweb.state.wy.us/statutes/statutes.aspx?file=titles/Title17/T17CH16.htm
Making claims otherwise, without unsubstantiated proof, should be viewed with caution by those reading those claims.
Good Luck!
Rocket Man Share Tuesday, January 17, 2012 4:31:15 PM
Re: alien42 post# 193307 Post # of 193851
So it isn't cancelled yet.. Nice.. Yesterday it was cancelled I thought.. lmao.
Rocket Man Share Tuesday, January 17, 2012 4:43:51 PM
Re: alien42 post# 193315 Post # of 193851
No I don't agree with anything of the sort. Just like everyone else agrees taxes can be paid late, just as FFGO could file. May not be a very likely course of action, but they could..
Rocket Man Share Tuesday, January 17, 2012 4:50:11 PM
Re: Vianna post# 193300 Post # of 193851
FFGO~ Is still on track and nothing has changed.. Good to hear! Thanx
SevenTenEleven Share Tuesday, January 17, 2012 6:34:31 PM
Re: alien42 post# 193307 Post # of 193851
unpaid taxes will nullify FFGO as a corporate entity in two weeks, which cancels the dividend. - alien42
I have posted the Wyoming Statutes which dispute claims of the dividend being cancelled if the company is being forced into dissolution.
I could post them again and again and again if what I had bolded was misinterpreted or the point was missed.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70976081
Good Luck!
SevenTenEleven Share Tuesday, January 17, 2012 6:38:58 PM
Re: Rocket Man post# 193316 Post # of 193851
FFGO - Dissolution of the company does affect the dividend and liquidation process. The Statutes of Wyoming state clearly that the liquidation of assets is protected, and allowed to proceed.
It couldn't be any clearer!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70985422
OldBen Share Tuesday, January 17, 2012 7:04:51 PM
Re: alien42 post# 193307 Post # of 193851
No one is refuting the fact of the dissolution of FFGO for unpaid taxes.
What many of us are refuting is the CONCLUSION that you derive from that dissolution.
As SevenTenEleven keeps posting
(a) A dissolved corporation continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including:
(i) Collecting its assets;
(ii) Disposing of its properties that will not be distributed in kind to its shareholders;
(iii) Discharging or making provision for discharging its liabilities;
(iv) Distributing its remaining property among its shareholders according to their interests; and
(v) Doing every other act necessary to wind up and liquidate its business and affairs.
The conclusion that you keep deriving is wrong as the above passage attests. I tried to give you an example such as home ownership that is "closer to home," so to speak, to help you understand the nature of taxes and financial interests. But, if you want a "corporate" defintion then it doesn't get any clearer than the above passage.
SevenTenEleven Share Tuesday, January 17, 2012 7:11:29 PM
Re: puppydotcom post# 193325 Post # of 193851
However, since FFGO has abandoned the corporation. Under WYO law the state must dissolve the corporate charter for failure to pay tax and failure to file annual reports - puppydotcom
An under Wyoming State Corporate Laws and Statutes, the company will be allowed to distribute the dividend to shareholders.
Since one Wyoming State Law, as you have pointed out, is being given the acknowledgement and respect it deserves, then ALL Wyoming Statutes should be given the same acknowledgement and respect.
Now it is my turn!
SevenTenEleven Share Tuesday, January 17, 2012 7:38:57 PM
Re: alien42 post# 193331 Post # of 193851
yes you did and they helped prove the fact that in two weeks, the dividend will officially be cancelled. - alien42
The Statutes DO NOT PROVE that the dividend will be cancelled. It is very clear that the dividend process WILL BE ALLOWED to proceed.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70985529
GOOD LUCK!
Rocket Man Share Tuesday, January 17, 2012 8:31:01 PM
Re: puppydotcom post# 193325 Post # of 193851
Nothing is to stop them from doing so, if they so choose..
Quote:
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all FFGO has to do is pay the tax and file the required annual reports ~ puppydotcom
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5T WD haha
BMFL<OD
next week(s) is here
Offline
SevenTenEleven Share Wednesday, January 18, 2012 10:18:12 AM
Re: puppydotcom post# 193334 Post # of 193851
FFGO - Revoked with SEC and keeping current in Wyoming is two different things.
Good Luck!
Rocket Man Share Wednesday, January 18, 2012 12:20:59 PM
Re: BikerBob post# 193339 Post # of 193851
Thanks for the opinion on FFGO BIKER BOB! Glad to see your still interested in so called by many, A POS.. gltu
Rocket Man Share Wednesday, January 18, 2012 1:34:48 PM
Re: uscfan54 post# 193341 Post # of 193851
So do I. Just different facts about FFGO.. Nice to see FFGO the so called POS is getting even more interest than ever.. SWEET!
Vianna Share Wednesday, January 18, 2012 3:01:57 PM
Re: Rocket Man post# 193343 Post # of 193851
GA Rocket Man! Well put...
Quote:
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So do I. Just different facts about FFGO.. Nice to see FFGO the so called POS is getting even more interest than ever.. SWEET!
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If the Company wanted to close this down, they could have easily done so a long time ago, particularly with what some refer to as the "weasel" clauses that exist in the transaction.
WHY have they not made up any excuse and announced the dividend will not happen?
Well...I believe it's because IT IS NOT OVER and the dividend is still a VERY REAL possibility!
I think it is OBVIOUS that I am not the only one that believes that.
TIC TOC
V
Rocket Man Share Wednesday, January 18, 2012 3:16:59 PM
Re: Vianna post# 193345 Post # of 193851
Very obvious to me as well in FFGO.. Time is all we have, plus a massive following on s so called POS..
SevenTenEleven Share Wednesday, January 18, 2012 3:57:32 PM
Re: alien42 post# 193348 Post # of 193851
FFGO - No reason for the market makers to continue to try to bid block on a revoked stock.
I assume they are still desperately trying to get those stubborn shareholders to write down their positions!
Tic Toc
SevenTenEleven Share Wednesday, January 18, 2012 5:35:56 PM
Re: superdow post# 193355 Post # of 193851
FFGO - Dividend Coming!
No more reasons for market makers to bid block! Stock is revoked!
Tic Toc
SevenTenEleven Share Wednesday, January 18, 2012 7:09:36 PM
Re: JammingJAY post# 193361 Post # of 193851
FFGO - Bid Blocking Market Makers hoping shareholders write down their investments as worthless.
No bid or revoked registration!
All Shorty could do is hope for write downs!
100% profit from where ever they he short sold.
Odds are Shorty is naked and short here and still trying to cover and close out his risk for a profit.
Tic Toc
SevenTenEleven Share Wednesday, January 18, 2012 7:23:57 PM
Re: JammingJAY post# 193363 Post # of 193851
Shorty is closed at 100% profit. There will be no cover there can't be. - JammingJAY
Only way for Shorty to cover is for investors to write-down their shares so the market makers responsible for the blank IOU's could close out the electronic marker positions.
Good Luck!
SevenTenEleven Share Wednesday, January 18, 2012 7:38:26 PM
Re: JammingJAY post# 193365 Post # of 193851
FFGO - Sorry! Just ask the market makers who are responsible for those IOU's! They get to close out those positions upon a write-off.
Bid Blocking & Revocation Racketeering continues!
Good Luck!
SevenTenEleven Share Wednesday, January 18, 2012 7:45:10 PM
Re: Tavycal post# 193368 Post # of 193851
Short means buy at the lowest price and cover. Revoked doesnt get a PPS any lower. Investing 101 - Tavycal
Interesting!
Naked Short Selling 101
Shorty claims he is creating an orderly market
Shorty sells at $0.0001 or higher
Drive stock to chronic No bid or revocation
Anyone wanting out has to write-down their investment to get out
Shorty closes out his illegal IOU!
Very simple and not at all misleading!
Looking forward to the DIVIDEND!
Good Luck!
Rocket Man Share Wednesday, January 18, 2012 7:47:27 PM
Re: JammingJAY post# 193361 Post # of 193851
This so called POS brings many back to FFGO, except a few select for over a year now.. Must be something that is very attractive for to see such attention to FFGO stick around..
SevenTenEleven Share Wednesday, January 18, 2012 7:59:37 PM
Re: puppydotcom post# 193372 Post # of 193851
I would not be a bit surprised to see the DOJ charge a couple of these companies with conspiracy and racketeering ..
In my opinion this stock was deliberately set to fail
both NMGL and FFGO knew the company was going to be revoked ..
cooked up this fantasy divvy and issued 75 BILLION shares into the market
when the SEC hit FFGO .. both had already folded and ran ..
leaving FFGO and NMGL share holders holding worthless sale proof stock - puppydotcom
Shorty bought the story hook line and sinker.
Wouldn't doubt if the DOJ is about to spring the trap and force those responsible for naked short selling, manipulating the price continuously to NO BID, and other deliberate and deceptive actions to either pay up, or be locked up.
Great to be a shareholder. Only wish I was able to add more before revocation.
Good Luck!
SevenTenEleven Share Wednesday, January 18, 2012 8:01:53 PM
Re: puppydotcom post# 193376 Post # of 193851
there was no bid blocking .. there were a number of different MM in this trash stock many times over the years
bid blocking, NSS, just more excuses for the bad performance of FFGO - puppydotcom
Plenty of bid blocking attempts. Electronic finger prints all over the trades!
Good Luck!
SevenTenEleven Share Wednesday, January 18, 2012 8:38:08 PM
Re: ib12u post# 193379 Post # of 193851
FFGO - Very creative. Enjoyed the read.
Doesn't change the fact that there are billions and billions of naked short sold shares that can only be covered if retail investors write down their investment.
In fact, Penson's $700 per trade requirements may have helped Shorty cover prior to revocation.
Plenty of small investors seeing a tax write-off as being advantageous over trying to sell at $0.0001.
It will get interesting as those naked short positions are forced to be covered or converted to cash.
Good Luck!
AlanC Share Wednesday, January 18, 2012 8:46:19 PM
Re: SevenTenEleven post# 193381 Post # of 193851
Dividends of $3,449.00 per million shares owned is going to be costly to anyone who is short. 10 million shares= $34,449.00, 100 million shares = $344,900.00! Many longs own that many and more. Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Wednesday, January 18, 2012 9:04:09 PM
Re: AlanC post# 193382 Post # of 193851
Some own a billion or more! $3,449,000 for those very luck folks!
FFGO - GO!
Rocket Man Share Wednesday, January 18, 2012 10:55:51 PM
Re: JammingJAY post# 193374 Post # of 193851
Good deal, then how is it coming along? What part in putting them out of business is a good thing and working still here in FFGO? They are revoked now..? Who was it exactly that was instrumental in putting the company out of business? Last I checked there is no filings on the cancellation of the dividend is there, or is that in the game plan still and in the so called POS's master plan?
Quote:
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Just doing my part trying to put the crew out of business in North America. ~Jamming Jay
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Rocket Man Share Wednesday, January 18, 2012 11:06:09 PM
Re: kazorchian post# 193380 Post # of 193851
90% + aggregate short volume per FINRA for 2 years running.. SEC knows it too. There is no way that the attention in FFGO now is not been heard now around the world. It is that big! Thousands of share holders, millions and possibly tens of billions of shares that need to be addressed..
SevenTenEleven Share Wednesday, January 18, 2012 11:09:44 PM
Re: Rocket Man post# 193386 Post # of 193851
Shorty is about to feel a little pressure from the DOJ, Homeland Security, and a few other specialists.
Tic Toc
Rocket Man Share Wednesday, January 18, 2012 11:12:48 PM
Re: SevenTenEleven post# 193381 Post # of 193851
FFGO~ Here again is an example of trying to get shareholders to write off shares in FFGO.. Pretty sure this is part of a big picture, what say you 7/10, Old Ben?
SevenTenEleven Share Wednesday, January 18, 2012 11:13:27 PM
Re: Rocket Man post# 193388 Post # of 193851
FFGO - Bid Blockers are all over the OTC! FFGO was a favorite target of theirs.
Tic Toc
SevenTenEleven Share Wednesday, January 18, 2012 11:14:51 PM
Re: Rocket Man post# 193388 Post # of 193851
FFGO - I wouldn't want to mess with the IRS! The SEC? Well, they have proven that they mean no harm to the naked short sellers. But those making false claims about the IRS, not good!
Tic Toc
Rocket Man Share Wednesday, January 18, 2012 11:15:06 PM
Re: SevenTenEleven post# 193387 Post # of 193852
I see that.. Things are starting to get more attention.. Nice!
SevenTenEleven Share Wednesday, January 18, 2012 11:16:09 PM
Re: Rocket Man post# 193391 Post # of 193852
FFGO - The act (intent) of Bid Blocking will soon be brought to light!
It should be very interesting soon.
Tic Toc
Rocket Man Share Wednesday, January 18, 2012 11:17:14 PM
Re: SevenTenEleven post# 193389 Post # of 193852
Last two years of this Forum and the FINRA numbers and the lack there of the REG SHO Bi-Monthly reports that coincide with FFGOs last 8k on or around 08/12/2010 is very compelling data that speaks volumes.
SevenTenEleven Share Wednesday, January 18, 2012 11:18:32 PM
Re: Rocket Man post# 193393 Post # of 193852
Even FINRA admits that the bimonthlies are under inclusive and under reported. They know that the market makers int he OTC are not reporting their naked short positions and FTD's.
FFGO is no different.
Rocket Man Share Wednesday, January 18, 2012 11:19:44 PM
Re: SevenTenEleven post# 193390 Post # of 193852
FFGO~ That is serious business in FFGO or any other venue.. Pretty sure this one is eyes all open when it comes to the IRS, etc..
SevenTenEleven Share Wednesday, January 18, 2012 11:21:38 PM
Re: Rocket Man post# 193395 Post # of 193852
FFGO - Planning on paying my taxes with my profits and then Writing a Check to the Treasury for my share of the national debt that the FED had imposed upon the US taxpayer.
Taxes will be more than my debt payment. LOL! But who is counting.
Oh yeah, Shorty is!
Rocket Man Share Wednesday, January 18, 2012 11:23:43 PM
Re: A deleted message Post # of 193852
Not really.. It is obvious that SHORTY has a problem in FFGO. Look a the FINRA numbers and the lack there of, of the so called POS REG SHO BI MONTHLY REPORTS that is so widely admired yet FINRA flat out states they are under-reporting and under-inclusive. Which opens the Door wide open for FRAUD!
Rocket Man Share Wednesday, January 18, 2012 11:26:37 PM
Re: SevenTenEleven post# 193394 Post # of 193852
They are at that.. Let me know if I could post them again for everyone to see about FFGO.. I have posted the facts many times, be more than happy to help out!!
SevenTenEleven Share Wednesday, January 18, 2012 11:27:48 PM
Re: Rocket Man post# 193398 Post # of 193852
Never hurts to make sure investors have the facts, as provided by the regulatory authorities, and not some anonymous entities.
Rocket Man Share Wednesday, January 18, 2012 11:28:11 PM
Re: SevenTenEleven post# 193396 Post # of 193852
That will be fun.. Nothing wrong with paying taxes on profits from 3449% in divs and then some for the historical aspect of the play.. Nice! UNCLE SAM GETS A CUT of SHORTY..
SevenTenEleven Share Wednesday, January 18, 2012 11:28:50 PM
Re: Rocket Man post# 193400 Post # of 193852
FFGO - Off-Shore Shorty at that!
Tic Toc
Rocket Man Share Wednesday, January 18, 2012 11:33:53 PM
Re: SevenTenEleven post# 193399 Post # of 193852
Who ever listens to the BS that comes from out of the OTC, a paid for hire extortion company, imo is doomed for failure and ripe for fleecing.. Facts of the like FINRA show are off the charts in implicating the loop holes that are taken advantage of by crooks each and every day. Look at the attention FFGO gets while the 90% total aggregate volume over two years was reported short and on that cold winter day 02/17/2011 500 mil shares traded, and that to this date is impossible to have been covered. EOS..
5T WD haha
BMFL<OD
next week(s) is here
Offline
wrenchman Share Thursday, January 19, 2012 6:03:14 AM
Re: SevenTenEleven post# 193401 Post # of 193852
Seven,found this article on the SEC site it seems the revoking is to block and or penalize the market makers as they are responsible for keeping up on the companies filings but they continued to trade it a big oops on their part,also i believe all long term gains of stocks you hold for over a year are taxed at i think 15% which is lower percent then short termers!!!GO FFGO!!!
http://www.sec.gov/answers/dfnctco.htm
Defunct Company, Stock Continues to TradeYou may have noticed ongoing trading in the stock of a company that is no longer in business. Often, information about trades and quotations in these stocks are widely available. Companies that are no longer operating may still have outstanding registered stock. A stock can be traded until the company has the shares deregistered or the stock's registration is revoked. The SEC does not have a rule that prohibits the trading of stock once a company becomes defunct.
Trading stocks v. publishing quotations in stocks. Rule 15c2-11 of the Securities Exchange Act of 1934 prohibits broker-dealers from publishing a quotation for a security (an offer to buy or sell) unless they have reviewed specified information about the company. Specifically, the Rule regulates when broker-dealers may publish a quotation in a stock in quotation mediums, such as the Over-the-Counter Bulletin Board and the Pink Sheets. The Rule does not, however, address when a stock can be traded between two broker-dealers. As a result, you may see that trading has occurred in a stock even though the company is no longer in business and quotations in the stock are not actively published.
Under an exception to Rule 15c2-11, a broker-dealer may publish quotations for a stock without reviewing information about the company if there are regular and continuous quotations published for a specified period of time by broker-dealers that did have the appropriate information. Although a company has become defunct, its stock may still be quoted under this exception-often called the "piggy-back" exception-to the Rule. In addition, if a company becomes defunct after quotations in the stock are published for the specified time period, the broker-dealer is not obligated to acquire current information on the company.
The SEC may invoke a trading suspension. In some cases, the SEC will suspend trading (or the Nasdaq or NYSE may halt trading) in the stock of an issuer that is a defunct company if, for example, the SEC believes that public information about the issuer is materially false or misleading or the stock price appears to be manipulated. During a trading suspension, no broker-dealer may trade the security. When the trading suspension terminates, a broker-dealer wishing to publish quotations must comply with Rule 15c2-11, which may be impossible to do in the case of a defunct company.
The SEC may revoke the registration of stocks. In some circumstances, the SEC may revoke the registration of a defunct company's stock pursuant to Section 12(j) of the Exchange Act. Under Section 12(j), the SEC is authorized to revoke the registration of a security if it fails to comply with the federal securities laws. No broker-dealer may execute any trades in stocks whose registration has been revoked pursuant to Section 12(j).
A defunct company may not have a transfer agent. In some situations, the defunct company does not have a transfer agent. Although the federal securities laws do not require a company to have a transfer agent, if a company does not have a transfer agent, investors are unable to receive or transfer their stock certificates. Sometimes the SEC has considered a company's lack of a transfer agent as a factor in whether to revoke the registration of stock pursuant to Section 12(j) for the protection of investors.
http://www.sec.gov/answers/dfnctco.htm
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Home | Previous Page Modified: 08/05/2004
bigBmakesmoney Share Thursday, January 19, 2012 8:24:57 AM
Re: kazorchian post# 193380 Post # of 193852
I agree why so much activity for a dead stock. For a dead stock that we should walk away from (???), I find it interesting why it currently is #4 on I-Hub's Active Stock Market Forums. I'm looking forward to FFGO's dividend!!
AlanC Share Thursday, January 19, 2012 10:21:36 AM
Re: Rocket Man post# 193393 Post # of 193852
Spot on RocketMan: There has not been a single post of the tens of thousands made here that can overcome the numbers reported on FINRA's website as to the short sales. Not a one. Indefensible!
No talking points available to combat that. Go FFGO!!!
Dividends of 3400%+ are awesome!
AlanC Share Thursday, January 19, 2012 10:25:51 AM
Re: SevenTenEleven post# 193387 Post # of 193852
Bring it on! I did read that some of the larger hedge funds that have a history of being on the short side are in hot water. You know those investigations of insider trading are just beginning and once the digging starts who knows what will surface. Still waiting for the largest market maker, you know the one that handled most of the short selling of FFGO, to come under scrutiny but just a matter of time imho. Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Thursday, January 19, 2012 10:26:46 AM
Re: None Post # of 193852
FFGO - Dividend still on! February 2012 will come and go, and the dividend will still be sitting in WD awaiting distribution. Dissolution does not cancel the dividend.
All market makers who have bid blocked FFGO so you could cover your legal and illegal shorts, sorry, but no one is writing down their holdings ahead of a 3449% ROI!
Good Luck!
SevenTenEleven Share Thursday, January 19, 2012 10:29:25 AM
Re: AlanC post# 193413 Post # of 193852
FFGO - It is a matter of time before NITE is on the docket regarding their trading practices. They will likely settle privately for their indiscretions and intentions.
Tic Toc
SevenTenEleven Share Thursday, January 19, 2012 10:37:24 AM
Re: alien42 post# 193416 Post # of 193852
"Seller is a corporation validly existing and in good standing under the laws of Wyoming"
you can not actually be suggesting that FFGO, after being dissolved by the state of Wyoming, will still be in good standing. - alien42
Sorry, but the 8-K refers to the company's status at time the mining rights were sold.
Please provide concrete and confirmed proof that the deal is automatically canceled if the "good standing" status changes long after the deal was completed (i.e. come February 2012).
Good Luck!
Vianna Share Thursday, January 19, 2012 11:00:01 AM
Re: kazorchian post# 193380 Post # of 193852
GM Kazorchian, Nice to see you...you noticed???
I am confused as well...
Seven puts it so well...
SevenTenEleven Member Profile SevenTenEleven Member Level
Share
Thursday, January 19, 2012 10:26:46 AM
Re: None
Post # of 193418
FFGO - Dividend still on! February 2012 will come and go, and the dividend will still be sitting in WD awaiting distribution. Dissolution does not cancel the dividend.
All market makers who have bid blocked FFGO so you could cover your legal and illegal shorts, sorry, but no one is writing down their holdings ahead of a 3449% ROI!
Good Luck!
Best,
V
Vianna Share Thursday, January 19, 2012 11:02:26 AM
Re: Rocket Man post# 193393 Post # of 193852
Very compelling indeed, Rocket Man! Could explain a lot...
Quote:
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Last two years of this Forum and the FINRA numbers and the lack there of the REG SHO Bi-Monthly reports that coincide with FFGOs last 8k on or around 08/12/2010 is very compelling data that speaks volumes.
--------------------------------------------------------------------------------
V
SevenTenEleven Share Thursday, January 19, 2012 11:11:00 AM
Re: alien42 post# 193416 Post # of 193852
8-K reflects the company's status at time the assets were purchased and transferred from NMGL to WD. Please provide documentation that the 8-K extends into the future.
that is 100% false 71011.
per the 8K...
"Seller is a corporation validly existing and in good standing under the laws of Wyoming"
you can not actually be suggesting that FFGO, after being dissolved by the state of Wyoming, will still be in good standing. - alien42
Good Luck!
SevenTenEleven Share Thursday, January 19, 2012 11:44:55 AM
Re: alien42 post# 193424 Post # of 193852
the deal was never closed so the 8K stipulations still stand. - alien42
Labors are concluded according to company. Also, company made it clear that shareholders must rely on SEC filings and company emails for further guidance regarding the record date and the dividend distribution. Finally, company made it clear that those anonymously claiming otherwise, should be ignored, and that the company will deliver upon their promises to shareholders, negating the claims that are harmful to the company, the shareholders, and the officers.
Additional Questions and Answers Concerning the Sale of the Company’s Gold Interests and the proposed payment of an Extraordinary Dividend
Fortress Financial Group, Inc. (“Fortress”) has now successfully concluded on September 8, 2010; the sale of the company’s gold interests to North American Gold & Minerals Fund (“NMGL”) for Preferred Series “A” and Preferred Series “B” shares of NMGL stock.
This update is intended to address many of the questions that our shareholders have asked concerning this transaction, the future dividend process and the eventuality of receiving cash in respect of this dividend.
It is an unfortunate consequence of this process that no matter how much information we communicate to the shareholders, there will inevitably be still more questions that come up. This update is conclusive in that the answers that we provide herein summarize the status of the sale process and the proposed dividends up to this point in time.
Since the company is ceasing to operate, there will be no further updates and the shareholders must rely solely on regulatory filings and company emails as they come forward in the course of events in order to receive any further insight into the dividend payout process. This will take some time, and we cannot at this time say how long it will take.
The company and its majority shareholders have taken the view that however long it takes to receive the NMGL Preferred Series “A” and Series “B” share dividends and for those dividends to be converted into a cash payout, it will have been well worth the wait when that time comes. This is the reason that Fortress has issued so much guidance as to the likely value of the cash payout in respect of the proposed extraordinary dividend.
Clearly any investor in this day and time would consider an investment yielding several multiples of the money invested would be an investment worth waiting for. This is the result that Fortress has labored to achieve for all of our shareholders, large and small. Our labors are now concluded and now we only await the dividend distribution and subsequent conversion of the assets by the purchaser, into cash.
COMPANY MANAGEMENT’S VIEW ON THE VARIOUS POPULAR INTERNET STOCK CHAT FORUMS:
Your Company, its Management and its Advisors have for a long period of time been subjected to attacks on the popular internet stock chat forums. We, like all other Public Company representatives have resented and rebelled against these attacks, particularly if untrue or extremely personal in nature. However, your Company’s Management has realized that these internet stock chat forums serve a valuable purpose in the facilitation of the exchange of information; and of free and frank discussions between Company stockholders and others interested in a Company’s stock.
No longer will your Company’s Management view these Internet Stock Chat Forums with disgust and horror. Our policy, going forward, will be one of, “no comment”, to those who contact ourselves begging that we do something to prevent these attacks upon their Company. Whilst we have enormous sympathy for our stockholders as they watch their investment in their Company being damaged by various members of these Internet Stock Chat Forums, we as your Company’s Management will be responsible for delivering upon our promises thus negating these attacks upon your Company.
Those stockholders who are outraged by what they view as a relentless, vicious and damaging campaign against our Company on these Internet Stock Chat Forums are reminded that this Company has honored its promises to its stockholders, is executing the sale of its gold interests and distributing the proceeds therefrom as a single Extraordinary Dividend. The Company’s detractors and their views, to which they are entitled, have now become irrelevant in our opinion.
We wish to remind our stockholders that there are many supporters of your Company, who loyally express their support and share their information, often the results of extensive due diligence; for your Company on these Internet Stock Chat Forums.
We must remember that one of the United States of America’s most cherished and enshrined Constitutional rights, is that of Free Speech, guaranteed by the First Amendment. - FFGO Management
Good Luck!
Lebron23 Share Thursday, January 19, 2012 1:19:00 PM
Re: None Post # of 193852
Looking forward to the Super 8-K !!!!!
Rocket Man Share Thursday, January 19, 2012 2:44:45 PM
Re: alien42 post# 193421 Post # of 193852
No the FINRA numbers and the lack thereof Reg SHO Bi-Monthly numbers explain that FFGO was part of a huge and very long term "" short and distort campaign, imo. The consistent calling for shareholders to write down shares is very telling as well.
SevenTenEleven Share Thursday, January 19, 2012 6:22:19 PM
Re: Doubleday post# 193439 Post # of 193852
The issuance of the NMGL Preferred Series “A” and “B” shares is an excellent vehicle for this purpose as it guarantees the holders of these Preferred shares that only they will benefit from the disposal of the assets. Preferred shares are commonly issued by major corporations for special classes of investment that are designed as maximum protected for the holders of those Preferred shares.
The purchaser is designed to become a highly qualified institutional quality organization. Though there is little information available in the public record at this time, this will become much clearer as time goes by.
The NMGL Preferred Series “A” and Series “B” Preferred shares will be tradable at such time as a Registration Statement is filed by NMGL with the SEC in respect of these instruments and such Registration Statement has become effective. - FFGO Management
PATIENCE WILL PAY!
I could see if there were signs that NMGL still existed and were filing the Q's and K's and would release a pr or two but not a single sign of life in over a year - Doubleday
GOOD LUCK!
Lebron23 Share Thursday, January 19, 2012 6:40:09 PM
Re: SevenTenEleven post# 193440 Post # of 193852
SevenTenEleven, thank you very much for the great post....and the positive energy!!
AlanC Share Thursday, January 19, 2012 8:29:37 PM
Re: SevenTenEleven post# 193440 Post # of 193852
Just as we were told most longs will be well pleased receiving a return of $34,449.00 for each $1,000.00 invested. Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Thursday, January 19, 2012 8:37:41 PM
Re: underdog150 post# 193446 Post # of 193852
FFGO - Very aggressive bid blocking by market makers. In fact, the company warned shareholders of such behavior.
Good Luck!
5T WD haha
BMFL<OD
next week(s) is here
Offline
Rocket Man Share Friday, January 20, 2012 12:21:19 AM
Re: None Post # of 193852
Defunct Company, Stock Continues to TradeYou may have noticed ongoing trading in the stock of a company that is no longer in business. Often, information about trades and quotations in these stocks are widely available. Companies that are no longer operating may still have outstanding registered stock. A stock can be traded until the company has the shares deregistered or the stock's registration is revoked. The SEC does not have a rule that prohibits the trading of stock once a company becomes defunct.
Rocket Man Share Friday, January 20, 2012 12:30:35 AM
Re: unevilfavouredness post# 193404 Post # of 193852
Texas, Montana and Idahon's, like the metals.. One thing is for sure Miners like a good bit of
pointed IRON, front door is open.. Nice! FFGO=Bouse & S. Copperstone..
Rocket Man Share Friday, January 20, 2012 12:42:54 AM
Re: alien42 post# 193434 Post # of 193852
So facts, links and data obtained from FINRA that pertain to FFGO are a joke? The links I provided can be produced at will to support the facts.. Let me know if anyone wants them re-posted again.. I am sure the SEC has them and the recent data about FFGO. The recent calls to support share holders to blindly write off FFGO hasn't gone un-noticed..
Rocket Man Share Friday, January 20, 2012 12:46:18 AM
Re: Doubleday post# 193406 Post # of 193852
I see today and lately, for some reason the stock has traded with no pump.. Wonder why any one would buy a few shares out of the blue.. ? Except, gncp could be a catalyst that many would hope to no end will fail and that the recent volume will have no effect on reality of a FFGO $.003449 div.. Lol It will.. SWEWEEETEEEETEETTETTY"=_
http://www.fortfinancegroup.com/faq.html
Rocket Man Share Friday, January 20, 2012 12:54:01 AM
Re: alien42 post# 193408 Post # of 193852
I wonder if FFGO is watching..? I know the SEC is watching FFGO.. Way to many complaints are out there.. Good thing is that the FINRA data is easy to find.. SWEET!
Rocket Man Share Friday, January 20, 2012 12:58:40 AM
Re: JammingJAY post# 193410 Post # of 193852
Good deal, let us know how that last five years of the down side in FFGO et al has worked out in profits. FFGO is not over yet is it? I don't think for a minute "" (short and distort), is going to be fully successful.. Does anyone? FFGO has not publicly yet said it was over, have they?
http://www.fortfinancegroup.com/faq.html
Rocket Man Share Friday, January 20, 2012 1:04:33 AM
Re: SevenTenEleven post# 193417 Post # of 193852
Check this out.. FFGO!
Quote:
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Investor FAQ
(Updated 9/8/2010- 9:43 AM)
The various subjects covered in this section are in response to the most pertinent questions being asked by our stockholders. We are of the opinion that we have covered all of the various topics of interest and will add to this list as additional topics become relevant:
Additional Questions and Answers Concerning the Sale of the Company’s Gold Interests and the proposed payment of an Extraordinary Dividend
Fortress Financial Group, Inc. (“Fortress”) has now successfully concluded on September 8, 2010; the sale of the company’s gold interests to North American Gold & Minerals Fund (“NMGL”) for Preferred Series “A” and Preferred Series “B” shares of NMGL stock.
This update is intended to address many of the questions that our shareholders have asked concerning this transaction, the future dividend process and the eventuality of receiving cash in respect of this dividend.
It is an unfortunate consequence of this process that no matter how much information we communicate to the shareholders, there will inevitably be still more questions that come up. This update is conclusive in that the answers that we provide herein summarize the status of the sale process and the proposed dividends up to this point in time.
Since the company is ceasing to operate, there will be no further updates and the shareholders must rely solely on regulatory filings and company emails as they come forward in the course of events in order to receive any further insight into the dividend payout process. This will take some time, and we cannot at this time say how long it will take.
The company and its majority shareholders have taken the view that however long it takes to receive the NMGL Preferred Series “A” and Series “B” share dividends and for those dividends to be converted into a cash payout, it will have been well worth the wait when that time comes. This is the reason that Fortress has issued so much guidance as to the likely value of the cash payout in respect of the proposed extraordinary dividend.
Clearly any investor in this day and time would consider an investment yielding several multiples of the money invested would be an investment worth waiting for. This is the result that Fortress has labored to achieve for all of our shareholders, large and small. Our labors are now concluded and now we only await the dividend distribution and subsequent conversion of the assets by the purchaser, into cash.
Question: In layman’s terms how does this benefit us all?
There are several major benefits to shareholders that apply.
The structure of the final deal has taken care of many previously insurmountable hurdles concerning the eventual disposal of the assets. Quite simply, how do you dispose of something that you only own a portion of? The purchaser has taken that problem off the table as they will be purchasing the entirety of the assets so they can be readily disposed. In addition, the purchaser has sorted through many of the problematic contractual details that were absolutely vital in order to dispose of the assets.
The issuance of the NMGL Preferred Series “A” and “B” shares is an excellent vehicle for this purpose as it guarantees the holders of these Preferred shares that only they will benefit from the disposal of the assets. Preferred shares are commonly issued by major corporations for special classes of investment that are designed as maximum protected for the holders of those Preferred shares.
The purchaser is designed to become a highly qualified institutional quality organization. Though there is little information available in the public record at this time, this will become much clearer as time goes by.
The NMGL Preferred Series “A” and Series “B” Preferred shares will be tradable at such time as a Registration Statement is filed by NMGL with the SEC in respect of these instruments and such Registration Statement has become effective.
What about historic dividends versus the FFGO common stock dividends?
Some shareholders have received dividends from their stock holdings in 2005. Those shareholder accounts are kept in the company records and the DTC lists of the stock registers for the historic shareholders. Fortress filed a Form 8-K detailing the apportionment of shareholdings pertaining to historic shareholders versus current shareholder of Fortress shares of common stock. The details of that apportionment can be viewed on the company web site www.fortfinancegroup.com under ‘investors’ -> ‘dividends’ -> historic dividends.
All shareholders will become shareholders of NMGL Series “A” Preferred and NMGL Series “B” preferred shares if they are stockholders of Record when Fortress announces this Dividend. This is a necessary step in the process of cleanly apportioning a cash distribution should NMGL be successful in obtaining a cash buyer for these assets.
NMGL intends to purchase 100% ownership of Bouse Gold, Inc. and South Copperstone, Inc. This is imperative if they are to sell these Gold assets for cash going forward. NMGL has not however provided us with any timeframe as to when they intend to acquire the additional shares of Bouse Gold, Inc. and South Copperstone, Inc. and NMGL will clearly continue to follow their own business plan and will only complete all of these transactions as and when it fits into their own business plan. This NMGL policy very clearly extends as well to their purchasing shares from historic stockholders from 2005 who received shares of Bouse Gold, Inc. and of South Copperstone, Inc.
What about the share price guidance given by Fortress to Shareholders?
The share price guidance given by Fortress to shareholders is quite simply the most basic and rudimentary means to convey what the company believes is the value of the assets in terms of the value of the shares that each shareholder owns. This guidance is useful in that it guides not only what the shareholders might reasonably expect to receive in compensation for their patient investment, but also guides the company and the purchaser as to what value they should expect to receive for disposal of the assets.
Some shareholders have expressed disappointment that the extraordinary dividend was not at least a partial cash dividend. Hopefully from the foregoing commentary one can glean the enormous challenges in arriving at a final cash distribution for sale of the gold interests. Fortress has made enormous progress to bringing that reality about by all of the preparations for this forthcoming dividend.
Hopefully even those who see themselves as an “unsophisticated investor” who do not fully understand this transaction can now see that the way has been prepared to achieve the fruition of their investment. How could Fortress issue a cash dividend for an asset that it has not yet been disposed of? How could it dispose of an asset that it only partially owns? If even a partial cash dividend had been made that would have multiplied the complexity of making a final cash disbursement to shareholders and put the entire sale process at risk. NMGL effectively came in as a “White Knight” to rescue this deal. NMGL receives a mere 5% fee upon their concluding a cash sale of the assets coupled with any excess in the event of the assets being sold at an amount exceeding the face value of the NMGL Preferred Series “A” and Series “B” shares. Had NMGL not rescued Fortress, the Loan Note Holders would have bankrupted Fortress and Searchlight Exploration, LLC would have exercised its legal rights and seized the Company’s Gold interests without delay.
There have been several questions directed at nuances of the valuations for the preferred shares such as the 3% dividend, the possibility of more value than the estimated valuation given based on Gold prices, etc. and the payment of fees to North American Gold & Minerals Fund. Our response to all of these questions is basically the same one, there will be no further guidance given other than that which has already been specified by the regulatory filings and shareholder updates issued to date. These questions are nuanced details that are far and away overshadowed by the eventuality of the actual completion of the asset disposal and subsequent cash payments. We do not wish to trivialize these matters, but our company will not debate detailed logistical points about minor expenses in the costing of effecting this outcome and we certainly will not offer undue instruction as to the form and format of the entire process which has yet to be determined other than what has already been outlined and which will conclude through an agency outside of our direct control.
What assurance is there that in the event of the mines being sold, shareholders will not simply be given more shares?
Fortress has no ability to make any guarantees, because the purchaser (NMGL) of the gold interests takes the control of this issue out of the hands of Fortress. However, it must be said that the interests of all of the majority shareholders of FFGO and the interests of minority shareholder are perfectly and equally aligned. Why would the majority shareholders want to indefinitely receive distributions of illiquid shares that do not result in a positive return for our investments? All of the shareholders want to realize a significant return on their investment. That is why this transaction has taken place in the manner that it has and why we are now saying that the stage is set for the ultimate return to be realized in due course.
We believe that this transaction is the final step to the ultimate realization of a monetary return for your investment. It may take several months and even more than a year to realize that return in full. Whatever the case, the return will be well worth the wait if you are a believer in the price of Gold maintaining its price in excess of US$900/oz over that time period. The majority shareholders of Fortress are long term investors that have invested their money in the Company for the ultimate return to be realized from the eventual disposal of the gold interests. The idea that somehow the majority investors have benefited from the sales of Fortress shares of common stock at a huge discount to the anticipated value of this return is ludicrous and our shareholders should completely disregard any speculation that suggests otherwise.
Will North American Gold & Minerals Fund provide Investor Relations support and interact with the holders of its Preferred Series “A” and Preferred Series “B” Stock?
No, NMGL will not. It is NMGL policy not to comment whatsoever outside of its Regulatory Filings. NMGL is being created to be an “Institutionally Held” Mining Investment & Finance Fund and it will conduct its business in the normal course of events as do all other substantial quoted corporations.
Fortress was unique in its information flow to stockholders. Since NMGL does not have retail investors or small stockholders, it operates its business in a very different manner. NMGL has made it very clear that it will not respond to questions of whatsoever nature and that it will only provide information in its filings with the SEC.
Fortress stockholders are reminded that they are the recipients of NMGL Preferred Series “A” and Series “B” shares. These instruments are nonvoting and not convertible into shares of NMGL common stock under any circumstances. Only holders of NMGL shares of common stock would be in a position to (a) vote and (b) discuss matters with NMGL Management.
Will Fortress continue to provide Investor Relations support, issue Press Releases and continue day to day communication with its stockholders?
No, the Investor Relations support currently being provided will cease in and during September of 2010. This extends to incoming E Mail and telephonic messages. At such time as the Dividend dates are set, stockholders will be advised by E Mail and through a Form 8-K Filing by Fortress.
Fortress has no cash; its Lenders are ceasing financial support, as previously announced. This means that any such support simply cannot be provided to stockholders. Fortress will now become dormant and no deal is likely to emerge to change this status, primarily due to Fortress being a delinquent filer with the SEC and is therefore an extremely unattractive “Reverse Merger” Candidate. In any event, Fortress cannot and will not entertain any deals of any nature until the dividend process is completed at a future date. In short, Fortress has now become dormant.
There is absolutely no doubt that at some point, the SEC will move the listing of Fortress from that of the OTC Pink Markets, Inc. to that of the “Grey Market” as it is a delinquent filer and does not qualify to become a “Non Reporting” Company due to the size of its stockholder base.
Does Fortress hold any other assets of whatsoever nature?
No, it does not. Its sole assets were its shares of Bouse Gold, Inc. and South Copperstone, Inc. common stock; now disposed of to NMGL. These shares were held by Western Diversified Mining resources, Inc. (“Western”), a wholly owned subsidiary company of Fortress.
Western (and Fortress) now only hold the NMGL Preferred Series “A” and Series “B” shares. These will be distributed in full as a dividend to stockholders on the Record Date in due course. Certain of these NMGL Preferred Series “A” and Series “B” shares owned by Western/Fortress will be transferred at face value to Sloane Investments, Inc. to settle all debt owed by Fortress/Western to Sloane Investments, Inc.
The shares of Hunt Gold Corporation common stock owned by Fortress were written off as irrecoverable over a year ago as detailed in our Form 8-K Filings. There appear to be many of whom are of the opinion that these shares of Hunt Gold Corporation has some value. They are sadly mistaken and indeed delusional. Hunt Gold Corporation has no assets whatsoever, extensive liabilities and is not even worth placing into bankruptcy. It lost and forfeited each and every Mining asset that it ever had any claim to. It is quoted on the “Grey Market”, has no Management, is dormant and its shares of common stock are completely worthless.
Those who continue to assert that Fortress holds other assets despite numerous regulatory filings to the contrary are living in fantasy land and their comments stating that other assets exist should be ignored.
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.
Are there any prospective buyers for either “Bouse” or “South Copperstone” at this time?
According to NMGL, there are no serious buyers with cash at this date. Offers that were made to date were not acceptable to NMGL as they involved stock in other quoted corporations.
How foreseeable or under what circumstances could there be or is there to be a partial liquidation of the NMGL Preferred Series “A” or Series “B” shares?
This not a likely event insofar as the current strategy of NMGL is to acquire a 100% interest in Bouse Gold, Inc. and South Copperstone, Inc. and to dispose of these two corporations and utilize the proceeds to redeem the NMGL Preferred Series “A” and the Series “B” shares. WE cannot comment on behalf of NMGL but we would caution stockholders not to rely upon partial any liquidation whatsoever of the NMGL Preferred Series “A” and Series “B”.
Would NMGL ever consider a conversion of the NMGL Preferred Series “A” and the “Series “B” shares into NMGL shares of Common Stock?
Absolutely not; and under no circumstances would this ever happen. The NMGL Preferred Series “A” and Series “B” shares are not convertible whatsoever and have no voting rights whatsoever.
What is the opinion of the Company in respect of the Internet Stock Chat Forums at this time?
Fortress’s Management, Advisors and Investor Relations have absolutely no interest in the various comments posted on these Internet Stock Chat Forums and do not even feel the need to view any of the same. Those who allow themselves to become agitated by postings on these Forums on a daily basis will no longer be in a position to seek constant reassurances from Fortress or its Investor Relations.
NMGL’s Management, Advisors, etc. have no interest in these Internet Stock Chat Forums and have advised ourselves in no uncertain terms that they are completely oblivious to these types of investor discussions as they are not interested in retail investors or their opinions at this time.
What assurances do holders of NMGL Preferred Series “A” and Series “B” shares have that if the mines are sold, that NMGL will not accept stock in another corporation?
There are no guarantees. That is an NMGL decision going forward. However NMGL has stated that if they were to accept stock it would only be in a large corporation with freely tradable liquid shares of common stock.
Does the price of Gold affect the holders of NMGL Preferred Series “A” and Series “B” shares?
In our opinion, it does not. However should the price of Gold decline dramatically prior to NMGL disposing of Bouse Gold, Inc. and South Copperstone, Inc. then the NMGL Preferred Series “A” and Series “B” shares would be worth less than their face value.
Are there any plans to develop either “Bouse” or “South Copperstone” if they are not sold soon?
No. NMGL has not expressed any interest in developing these Mines as they have stated that at this time, they are merely “warehousing” both “Bouse” and “South Copperstone” on behalf of the holders of the Preferred Series “A” and Series “B” shares. NMGL has their own business plans which are solely the business of the holders of NMGL shares of common stock and not the business of Fortress stockholders.
However it is possible that NMGL may change their strategy in respect of these Mines. They have not provided any guidance to ourselves whatsoever in this respect.
Upon the payment of the Dividend, will the NMGL Preferred Series “A” and Series “B” be delivered in Certificate Form?
No, they will not be delivered in certificate form if stockholders hold their Fortress shares of common stock in a brokerage account. Those whom are named on the Fortress stockholder register at the Record Date of the Dividend would receive their dividend in certificate form.
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.
NMGL has set these “ground rules” as stated above and they are not negotiable. NMGL refuses to enter into any discussions or debates of whatsoever nature in respect of these transactions, as is their right.
If the mines sell for more than the existing price, will the increase be given to the Preferred Shareholders?
No. The face value of the NMGL Preferred Series “A” is US$16.00 per share and the face value of the NMGL Preferred Series “B” is US$2.20 per share. Should there be any excess over the face value of these Preferred Series “A” and Series ”B”, it will be solely for benefit of NMGL and their holders of shares of common stock.
How can I calculate the value of my historical dividends?
Guidance has been given for the value of the historical dividends in the aforementioned website page titled ‘historical dividends’ under the ‘dividend’ section of the “Investor” page at the website: www.fortfinancegroup.com.
When NMGL elects to purchase the shares of Bouse Gold, Inc. common stock and South Copperstone, Inc. common stock from those stockholders who received these aforesaid shares of common stock through the 2005 Dividends, it will do so at the same pricing per share as announced and through the issue of additional NMGL Preferred Series “A” and Series “B” shares. NMGL has given no undertakings as to when it intends to purchase these aforesaid shares.
I have shares held in a brokerage account that either no longer exists or has been changed. My account information has changed and I want to verify my holdings.
Unfortunately there is a limit to the ability of any Company as to what we can possibly achieve on behalf of our shareholders. A suitable metaphor would be “Imagine that you purchase a car from Ford Motor Company. The car starts to run poorly when you put straight leaded gasoline into it despite the fact that the user’s manual indicates that premium unleaded gas is required for proper operation. Would you then expect Ford Motor Company to clean your engine for you?”
In a similar manner the Company can make no representation as to the capability of any third party brokerage house with respect to their proper handling of share accounts. If you have been a victim of some improper handling of your share account by a third party brokerage house, this is a matter to be taken up with the securities enforcement division of the proper oversight agency for the jurisdiction your account is held in.
If you are holding shares in certificate form and you would like to redeem those shares once the dividends are issued, you need only await the distribution of the dividends. Once the dividends issuance is completed, your new certificates will be mailed to you at the address on record. If your address of record has changed in the interim please notify the Transfer Agent to Fortress by letter stating the name on the certificate and inform them what the address of record was and what the address of record should now be. You may find the transfer agents mailing address at the website www.fortfinancegroup.com under Contact”.
If you are holding shares of Fortress common stock in an active brokerage account, the actual delivery of share dividends must occur through the Depository Trust Corporation (DTC) which is the independent agency responsible for the handling of all transfer of stock held in brokerage accounts for United States publically traded stocks. This agency holds all account records for shares held on deposit in accounts for US issuers. When a dividend is issued the DTC will automatically deliver the correctly apportioned share amounts to each shareholder of record directly to their brokerage account.
In respect of the 3% annual dividend, what is the mechanism that triggers this event?
NMGL cannot pay a dividend to its own stockholders of its common stock from any profits derived from either Bouse Gold, Inc. or from South Copperstone, Inc. until the 3% dividend for that year has first been paid to the holders of the NMGL Preferred Series “A” and Series “B” shares.
The NMGL Board of Directors would presumably declare the dividend for a fiscal year once the earnings for that year, if any, were calculated and audited. So it would be payable annually, if this was ever to apply. We have absolutely no guidance from NMGL whatsoever in this respect.
Would NMGL be entitled to cancel these transactions for any reason?
NMGL is entitled to cancel these transactions should they deem these transactions to be of reputational risk to themselves. The agreements provide for such termination by NMGL in the event of any litigation against Fortress or Western or any regulatory actions against Fortress. Damaging and libelous statements publicly leveled at NMGL, its Directors, Advisors and controlling stockholders could also trigger such termination. In the event of NMGL terminating these agreements, Fortress and Western have been advised by Searchlight Exploration, LLC that Searchlight Exploration, LLC would in likelihood exercise its rights and remedies to terminate its Agreements and reclaim all of the Bouse Gold, Inc. and South Copperstone, Inc. properties as it is legally entitled to do so.
Furthermore, Searchlight Exploration, LLC amended the critical terms of its agreements with Bouse Gold, Inc. and South Copperstone, Inc. to facilitate a sale of these properties by NMGL. These amendments by Searchlight Exploration were subject to both Bouse Gold, Inc. and South Copperstone, Inc. being owned by NMGL and that Fortress was no longer a direct stockholder in either corporation. If NMGL was to cancel this transaction for whatsoever reason with Western / Fortress, it would be in a position to do so up until the date that Fortress declared the dividend distribution of these NMGL Preferred Series “A” and Series “B” shares.
How are the holders of the NMGL Preferred Series “A” and Series “B” shares protected from an NMGL Bankruptcy?
The designations, preferences and rights that exist in the NMGL Preferred Series “A” and Series “B” shares protect the holders of those instruments in the event of a bankruptcy of NMGL as both Bouse Gold, Inc. and South Copperstone, Inc. are held by NMGL for the benefit of those holders of the NMGL Preferred Series “A” and the Series “B” shares. The Preferred stockholders get first rights over these assets in the event of a bankruptcy and enjoy privileges in respect of Bouse Gold, Inc. and South Copperstone, Inc. That is not a privilege extended to the holders of NMGL shares of common stock.
No NMGL Preferred Series “A” and Series “B” shares may be redeemed prior to January 1st, 2011. What is the process by which shares may be redeemed after that date and can shareholders elect to redeem a percentage of shares?
On or after January 1, 2011, NMGL may at its sole and absolute discretion redeem all or part of either of the Preferred Series “A” shares or the Preferred Series “B” shares for cash. This is at the discretion of the NMGL Board of Directors and there is absolutely no possibility that NMGL has any intention whatsoever of considering any such actions at that time. NMGL, at this time, considers these transactions as a mere “warehousing” exercise, their intention is to obtain 100% ownership of both Bouse Gold, Inc. and South Copperstone, Inc. over a period of time, to then use their best efforts to dispose of both Bouse Gold, Inc. and South Copperstone, Inc. and if successful, NMGL would then redeem the Preferred Series “A” and the Preferred Series “B” shares for cash and at their face value.
OUR RESPONSE TO CLAIMS MADE BY TUFFNELL LTD (OTC BB: TUFF) IN RESPECT OF CLAIMS ADJOINING INTERESTS HELD BY BOUSE GOLD, INC.:
Where is Tuffnell Ltd's "Little Butte" property in relation to the Bouse Gold property?
The Bouse Gold property is comprised of 18 unpatented lode mining claims. The mining claims cover the Little Butte Mine, the Arrastre Mine and Flat Fault Mine. The Little Butte Claims were located in September 2004. The Arrastre and Flat Fault Claims were located in 2004 and relocated in September 2009. Some additional in-fill claims were also located in September 2009. The 18 Bouse Gold claims were intended to cover all unpatented ground where past drill holes by Homestake and others had encountered gold mineralization.
In October 2009 Minquest, a company led by a geologist who had previously drilled the property for Homestake, staked 47 unpatented mining claims surrounding the Bouse Gold claims. According to Tuffnell Ltd, it has acquired an option to purchase the Minquest claims plus 5 additional patented claims. Tuffnell Ltd has also stated that it has located an additional 26 unpatented lode claims.
The Company believes that the actions of Minquest and Tuffnell Ltd are to be expected given the stature and reputation of the Bouse Gold property. It is very logical for other mining companies to look for gold "next door" to an attractive gold deposit.
The Company's claims were located before Tuffnell Ltd's claims and are senior to them if there is any overlap. In particular, neither Tuffnell Ltd nor Minquest has any rights in the Little Butte Mine. The Company's attorneys are sending a "cease and desist" letter to Tuffnell Ltd demanding that they cease to call their property the "Little Butte" property as they have no mineral rights in the Little Butte Mine or the Little Butte Claims.
MY STOCKHOLDING IN FORTRESS FINANCIAL GROUP, INC. IS HELD IN MY BROKERAGE ACCOUNT, HOW DO I RECEIVE THE UPCOMING SINGLE EXTRAORDINARY DIVIDEND?:
Once the Transfer Agent to Fortress Financial Group, Inc. has set the “Record Date” and the “Payment Date” with FINRA for the upcoming single Extraordinary Dividend, those whom are stockholders as of the “Record Date” will automatically receive their Dividend on the “Payment Date”. If your stockholding in Fortress Financial Group, Inc. is held through a Brokerage account, the Dividend Payment is automatically credited to your brokerage account on the “Payment Date”. This function is carried out by the DTCC.
ON WHAT DATE DO I NEED TO HOLD SHARES OF FORTRESS FINANCIAL GROUP, INC. COMMON STOCK IN ORDER TO QUALIFY FOR THE UPCOMING SINGLE EXTRAORDINARY DIVIDEND?:
In order to be eligible to receive the upcoming single Extraordinary Dividend, you have to be a stockholder of record on the “Record Date”. The “Record Date”, once set by the Transfer Agent to Fortress Financial Group, Inc. with FINRA, will be published by ourselves after their approval of these dates. We will not be providing any advance warning as to the possible Dividend Dates but will simply advise our stockholders by E Mail as to the “Record Date” and the “Payment Date” once these dates are approved by FINRA.
Stockholders have received sufficient updates, progress reports and details over the past months and now that this process is drawing to a close, with the imminent execution of the sale agreements in respect of Fortress Financial Group, Inc.’s entire stockholdings in both Bouse Gold, Inc. and South Copperstone, Inc., to be very clear on this point, our policy is that the “Record Date” and the “Dividend Date” will be set with FINRA without any further updates or notices to our stockholders or to the market in general.
WILL FORTRESS FINANCIAL GROUP, INC. CONSIDER A "REVERSE SPLIT" OF ITS OUTSTANDING SHARES OF COMMON STOCK?:
Absolutely not. No purpose will be served by such an Action. The Company considers a "Reverse Split" of its shares of Common Stock to be destructive to stockholder value and will, under no circumstances, consider such an action. The Company has completed its deal to sell its interests in both Bouse Gold, Inc. and South Copperstone, Inc. to the Purchaser, and has fixed the payout ratio to its stockholders based upon those proceeds from these asset sales. Fortress Financial Group, Inc. is now a "Break Up and Value Play", it has no absolutely need for any Corporate Actions of this type.
IS FORTRESS FINANCIAL GROUP, INC. CONSIDERING A "REVERSE MERGER" AT THIS TIME?:
No, absolutely not. Upon the completion of the payment of the single Extraordinary Dividend to its stockholders, Fortress Financial Group, Inc. may consider offers, deals and all other proposals. Until such time as Fortress Financial Group, Inc. is trading "Ex Dividend", no such transactions will be contemplated whatsoever.
IS IT A REQUIREMENT BY THE PURCHASER THAT BOUSE GOLD, INC. AND SOUTH COPPERSTONE, INC. BE AUDITED PRIOR TO EXECUTION OF THE PURCHASE OF FORTRESS FINANCIAL GROUP, INC.’S STOCK IN THESE CORPORATIONS?:
No, it is not a requirement as the Purchaser is not acquiring control of either Bouse Gold, Inc. nor of South Copperstone, Inc. by acquiring the stock in those Corporations held by Fortress Financial Group, Inc.
The Purchaser has advised ourselves that their external Auditors will be auditing both of these Corporations prior to their increasing stockholdings in both of these Corporations through additional purchases of stock in both Bouse Gold, Inc. and South Copperstone, Inc. as they will be taking their holding to 100% of both of these Corporations. This has no bearing whatsoever on their initial transaction in the purchase of the stock held in these Corporations by Fortress Financial Group, Inc.
PAYMENT OF THE SALE PROCEEDS BY WAY OF A SINGLE EXTRAORDINARY DIVIDEND:
Upon completion of the sale agreements, the proceeds will be paid by the Purchaser to Fortress Financial Group, Inc. The Transfer Agent to Fortress Financial Group, Inc. will then set both a “Record Date” and a “Payment Date” with FINRA to distribute the sale proceeds in full to our stockholders.
In order to qualify for this Extraordinary Dividend, one would have to be a stockholder of record as at the “Record Date”.
I HOLD MY STOCK IN FORTRESS FINANCIAL GROUP, INC. WITH MY BROKER, HOW WILL I RECEIVE THIS SINGLE EXTRAORDINARY DIVIDEND?:
The Company’s Transfer Agent sets a “Record Date” with FINRA. This is the date upon which you need to be a stockholder in order to qualify for the single Extraordinary Dividend. A “Payment Date” for the Dividend is set at the same time; this is the date upon which the Dividends are actually paid, usually ten days after the “Record Date”. If your stockholding in Fortress Financial Group, Inc. is held in a brokerage account, the DTCC distributes this Dividend for credit to your Brokerage account upon the “Payment Date”. You do not need to do anything to receive this as it is automatically credited to your Brokerage account.
THE PINK OTC MARKETS, INC. PLACED A “CAVEAT EMPTOR” SYMBOL ON OUR COMPANY’S STOCK, DOES THIS IMPACT THESE TRANSACTIONS?:
The Pink OTC Markets, Inc. have insisted that in order to have this “Caveat Emptor” symbol removed, the Company would either have to (a) become a “Non Reporting Company” with the SEC or (b) bring its delinquent filings up to date. This is not possible at this time.
The Company was prepared and ready to file an Information and Disclosure Statement with the OTC Pink Markets, Inc, pay them the relevant fees and the Attorneys to the Company had advised them that the required Attorney’s Opinion Letter would be filed in accordance with their guidelines. The OTC Pink Markets, Inc. advised the Company’s Attorneys that this would not be sufficient to remove the “Caveat Emptor” symbol.
This has absolutely no effect whatsoever on these transactions being completed by the Company as we have now become a classic “Sale & Breakup Play”. The “Caveat Emptor” is now irrelevant to the Company and to its stockholders.
THE COMPANY’S REQUIREMENTS TO ABIDE BY THE RULES GOVERNING THE DISSEMINATION OF EITHER “INSIDE” AND/OR “PRICE SENSITIVE INFORMATION":
Stockholders are asked to appreciate that your Company’s Management cannot, will not and are not permitted by Law to provide any stockholder or any other party whatsoever with any information that is not already in the “Public Domain” through Company filings with the SEC or through Company Press Releases. Regretfully, we will continue to decline stockholder (or other) requests for information where we consider such requests to contravene the dissemination of “Price Sensitive” or privileged information. In certain circumstances, your Company’s Management has entered into Non Disclosure Agreements and in those cases, cannot respond to requests that would constitute a breach of such Agreements.
Within the next few weeks, all information will be in the public domain and this inability to deal with certain stockholder questions will be a moot point.
ONCE THE COMPANY TRADES “EX DIVIDEND”, WHAT ARE THE PLANS FOR THE COMPANY?:
At this point, no decision has been taken and we will at that time, entertain any offers that are made to ourselves but not implement any changes whatsoever until such time as the payment of the single Extraordinary Dividend to our stockholders is completed.
WHY DOES THE COMPANY’S STOCK TRADE AT SUCH A HUGE DISCOUNT TO ITS “BREAK UP” VALUE?:
The lack of credibility of delinquent filers amongst the investment community coupled with the fact that this Company has not made this fact widely known and that this Company has historical credibility issues, are the primary reasons.
WHAT IS THE “FREE FLOAT” OF THE COMPANY AND IS IT LIKELY THAT THIS WILL DECREASED?:
The number of the outstanding shares of our Common Stock does not represent the “free float” of our Company. No less than 5 billion of our outstanding shares of our Common Stock are restricted and are therefore not free trading. A single new stockholder already holds 16.9 billion of our shares of Common Stock. We are aware that this new stockholder could acquire no less than an additional 15 billion shares of our free trading shares of Common Stock from identifiable stockholders, should it so wish, as these stockholders will not dispose of any of its stock in our Company at current market prices.
Should this new substantial stockholder continue to increase its stockholding in our Company, the “free float” will be decreased accordingly.
We do not wish to speculate on the size of the “free float” but can categorically state it is not greater than 34 Billion shares of Common Stock; in all likelihood, it is substantially less than that number. Any attempt to accumulate a sizeable position in this Company’s shares of Common Stock through purchases in the market, would result in hugely increased trading price in the shares of our Common Stock.
WHAT IS THE STATUS OF THE COMPANY’S OUTSTANDING LOAN NOTES?:
The Company has outstanding long term loan notes payable in the amount of US$455,981.65 plus accrued interest. This amount will deducted from the sale proceeds of the Company’s Gold Interests. However, Bouse Gold, Inc. and South Copperstone, Inc. collectively owe an amount of US$810,000 to Fortress Financial Group, Inc. This amount will be repaid to Fortress Financial Group, Inc. by the Purchaser of the Bouse Gold, Inc. and South Copperstone, Inc.
In and during 2010, the Company reduced its outstanding long term debt by an amount of US$3,829,874 plus interest in the amount of US$150,126.
HOW MANY SHARES OF THE COMPANY’S STOCK ARE ISSUED AND OUTSTANDING?:
The Company has an amount of 74,813,049,643 shares of outstanding Common Stock.
WHY DID THE COMPANY INCREASE ITS AUTHORIZED SHARE CAPITAL AND WILL THE COMPANY ISSUE ANY ADDITIONAL SHARES OF ITS COMMON STOCK?:
The Company, at the request of its Transfer Agent, increased the Authorized Share Capital from an amount of 75,000,000,000 to 85,000,000,000 shares of Common Stock. This was required by law to cover the Transfer Agent and in respect of replacement of historical and future lost or stolen stock certificates.
The Company will not issue any additional shares of its Common Stock. The final dividend amounts have been calculated and are now, as far as we are concerned, “set in stone”.
WHAT IS THE COMPANY’S STOCKHOLDING IN BOUSE GOLD, INC. AND IN SOUTH COPPERSTONE, INC.?:
The Company holds:
1,030,421,001 shares of South Copperstone, Inc. Common Stock, representing 46.84% of their shares of outstanding Common Stock.
510,923,545 shares of Bouse Gold, Inc. Common Stock, representing 23.22% of their outstanding shares of Common Stock.
ALLEGATIONS OF NAKED SHORT SELLING OF YOUR COMPANY’S STOCK:
Your Company’s Management is very aware of the numerous allegations of Naked Short Selling, a common complaint from “Penny Stock Bosses”. Despite numerous requests from our stockholders for your Company’s Management to address this issue, we take the view that these allegations of Naked Short Selling are unfounded and that there is absolutely no proof of Naked Short Selling in your Company’s stock. A function of any orderly market is to permit proper “Short Selling” of stocks. Your Company’s Management is unaware of the extent of any (if any) short positions in your Company’s Stock. We are not however, in a position to disprove the allegations of a “Short Position” in your Company’s stock.
NO INSIDER SALES OF THE COMPANY’S STOCK:
Your Company’s Management can confirm that no Officer of your Company has disposed of any shares of your Company’s Common Stock whatsoever; and continue to hold their shares of your Company’s stock in restricted form and “on book” with the Company’s Transfer Agent.
Any sales and/or purchases of your Company’s stock by Company Officer, Insiders and Affiliates would need to be disclosed and filed in the prescribed manner and time frame.
COMPANY MANAGEMENT’S VIEW ON THE VARIOUS POPULAR INTERNET STOCK CHAT FORUMS:
Your Company, its Management and its Advisors have for a long period of time been subjected to attacks on the popular internet stock chat forums. We, like all other Public Company representatives have resented and rebelled against these attacks, particularly if untrue or extremely personal in nature. However, your Company’s Management has realized that these internet stock chat forums serve a valuable purpose in the facilitation of the exchange of information; and of free and frank discussions between Company stockholders and others interested in a Company’s stock.
No longer will your Company’s Management view these Internet Stock Chat Forums with disgust and horror. Our policy, going forward, will be one of, “no comment”, to those who contact ourselves begging that we do something to prevent these attacks upon their Company. Whilst we have enormous sympathy for our stockholders as they watch their investment in their Company being damaged by various members of these Internet Stock Chat Forums, we as your Company’s Management will be responsible for delivering upon our promises thus negating these attacks upon your Company.
Those stockholders who are outraged by what they view as a relentless, vicious and damaging campaign against our Company on these Internet Stock Chat Forums are reminded that this Company has honored its promises to its stockholders, is executing the sale of its gold interests and distributing the proceeds therefrom as a single Extraordinary Dividend. The Company’s detractors and their views, to which they are entitled, have now become irrelevant in our opinion.
We wish to remind our stockholders that there are many supporters of your Company, who loyally express their support and share their information, often the results of extensive due diligence; for your Company on these Internet Stock Chat Forums.
We must remember that one of the United States of America’s most cherished and enshrined Constitutional rights, is that of Free Speech, guaranteed by the First Amendment.
--------------------------------------------------------------------------------
5T WD haha
BMFL<OD
next week(s) is here
Offline
Rocket Man Share Friday, January 20, 2012 1:09:43 AM
Re: alien42 post# 193418 Post # of 193852
No the DIV isn't cancelled.. What mining rights? Show us all where it exactly states that fact.. Exactly where it is stated Alien42.
Quote:
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the 8-K refers to the company's status at time the mining rights were sold.
lol, the mining rights were never sold or FFGO shareholders would already have that dividend.
how anyone can deny the fact that the dividend is cancelled is beyond comprehension. that kool-aid is super strength.
"4.02 Performance. Seller shall have performed and complied with, in all material respects, the agreements, covenants and obligations required by this Agreement to be so performed or complied with by Seller at or before the Closing."
www.sec.gov/Archives/edgar/data/802206/000101376210001860/ex1001.htm
as i have stated before, the dividend is official cancelled and that is confirmed by FFGOs own 8K.
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Rocket Man Share Friday, January 20, 2012 1:15:41 AM
Re: alien42 post# 193434 Post # of 193852
Would everyone like me to show the data where it is open and notorious that there are calls for shareholders to write down their shares in FFGO?
Quote:
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lol, there is no consistent calling for shareholders to write down shares.~alien42
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SevenTenEleven Share Friday, January 20, 2012 8:33:46 AM
Re: Rocket Man post# 193460 Post # of 193852
FFGO - Looking forward to the dividend distribution! Thanks for sharing the FAQ's!
Tic Toc
SevenTenEleven Share Friday, January 20, 2012 8:34:57 AM
Re: Doubleday post# 193467 Post # of 193852
The are no "known" substantial short positions since the market makers are under reporting the bi-monthly short data. Ask UBS and Credit Suisse how they were doing it and getting away with it for so long!
Good Luck!
SevenTenEleven Share Friday, January 20, 2012 8:48:22 AM
Re: Rocket Man post# 193464 Post # of 193852
FFGO - Plenty of requests to write down shares of FFGO and other no bid and revoked registration stocks. They are all over the internet.
Wonder why?
Actually, it is well known why.
The only way for shorts to cover their open orders for revoked and no bid stocks is through write downs. 100% of the investor's loss is 100% of their profit.
What I find most interesting are the tax law claims and the misguiding information that if investors didn't write down their shares in 2011, that the IRS would be coming after them.
IRS doesn't like people messing with their revenue stream.
Stock manipulation in one thing. The SEC does virtually nothing for the individual investor.
Tax manipulation? Well that is a completely different animal. The IRS comes down pretty swiftly and decisively on tax manipulation.
Dividend Coming!
Tic Toc
SevenTenEleven Share Friday, January 20, 2012 9:13:03 AM
Re: Doubleday post# 193472 Post # of 193852
FFGO - It must be tough for the naked short market makers. No communication from the company and no write-downs.
Tic Toc
Rocket Man Share Friday, January 20, 2012 9:52:28 AM
Re: ken754 post# 193465 Post # of 193852
I guess so, keeps everyone coming back for more though.. FFGO has that about her..
AlanC Share Friday, January 20, 2012 10:26:15 AM
Re: Rocket Man post# 193477 Post # of 193852
RocketMan: This is the reason everyone keeps coming back:
1 million shares cost $100.00/ dividend = $3,449.00
10 million shares cost $1,000.00/dividend = $34,449.00
100 million shares cost $10,000.00/dividend = $344,490.00
1 billion shares cost $100,000.00/dividend = $3,444,900.00
I think that says it all! Go FFGO!!!
Dividends of 3400%+ are awesome!
OldBen Share Friday, January 20, 2012 10:36:37 AM
Re: medchal post# 193480 Post # of 193852
Capital gain or loss appears to be what should be done with FFGO shares. You still retain the shares.
These write-downs are described to "erase" the shares to zero and cover a short position by reducing long positions. I am not sure if this information is correct or not. I may call a broker and find out. Though, I plan on ONLY using capital gain or loss to deal with my FFGO shares anyways. So, I see no advantage to writing down any shares when there will a total capital loss anyways. With capital losses you still retain the shares.
Rocket Man Share Friday, January 20, 2012 10:45:53 AM
Re: AlanC post# 193481 Post # of 193852
I would say so, those are some real reasons that would cook anyone's goose short FFGO like the FINRA #s flat state. 90% + for 2011.. eos!!
Quote:
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RocketMan: This is the reason everyone keeps coming back:
1 million shares cost $100.00/ dividend = $3,449.00
10 million shares cost $1,000.00/dividend = $34,449.00
100 million shares cost $10,000.00/dividend = $344,490.00
1 billion shares cost $100,000.00/dividend = $3,444,900.00
I think that says it all! Go FFGO!!!
Dividends of 3400%+ are awesome! AlanC
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SevenTenEleven Share Friday, January 20, 2012 11:02:51 AM
Re: medchal post# 193480 Post # of 193852
There is no tax return to amend unless investors write down their shares without having their brokers remove them from their accounts as worthless.
If an investor requests the broker do that, then they will report the capital loss to the IRS for that investor.
If the investor does not have the broker remove the shares as being deemed worthless, there will be no such reporting to the IRS.
Therefore, the investor would be forced to amend his/her return to reflect what was reported, or not reported, to the IRS.
Market makers who have placed IOU's or electronic markers in retail accounts that are the result of naked short sales by the market maker, are able to close out the open naked short orders in the retail accounts as a result of write downs for worthless shares, which are removed from retail investor accounts.
$3449/1M shares invested is hardly a reason to write something down as worthless!
Good Luck!
Rocket Man Share Friday, January 20, 2012 11:08:38 AM
Re: SevenTenEleven post# 193485 Post # of 193852
FFGO~ I presume everyone noticed the GOLD price is moving again..
http://www.fortfinancegroup.com/gold.html
SevenTenEleven Share Friday, January 20, 2012 11:46:36 AM
Re: medchal post# 193489 Post # of 193852
"There is no tax return to amend unless investors write down their shares ...." So, you're not filing a tax return unless you "write down" your shares? You seem to be very confused about this. - medical
I am not the one confused or the target of confusion.
FFGO shares remain in accounts for those who are waiting for the $3449/1MM shares being held.
Only those that listen to claims that they must claim losses on their tax filings for FFGO, and subsequently do not request their brokers to remove and deem their holdings as worthless, will be filing amended returns with the IRS. The IRS will have no record of capital losses unless a broker is instructed by an investor to remove shares from his/her account as worthless. The broker will not notify the IRS of any capital losses for FFGO JUST BECAUSE the stock was revoked.
$3449/1MM shares held is one heck of a ROI!
Hardly WORTHLESS IMO!
Good Luck!
OldBen Share Friday, January 20, 2012 12:17:55 PM
Re: SevenTenEleven post# 193490 Post # of 193852
The IRS will have no record of capital losses unless a broker is instructed by an investor to remove shares from his/her account as worthless. The broker will not notify the IRS of any capital losses for FFGO JUST BECAUSE the stock was revoked.
Every year an investor receives (or should receive) tax information which shows capital gain or capital losses. FFGO will show a capital loss. I know both my Fidelity and Scottrade accounts show a total loss. I will have to show a capital loss or I could choose to lose out on a "free $3,000 tax deduction."
Either way. Whether I claim capital losses or not. I retain my shares of FFGO.
You can both take a $3,000 capital loss tax deduction and retain your shares.
SevenTenEleven Share Friday, January 20, 2012 12:22:29 PM
Re: OldBen post# 193495 Post # of 193852
I disagree and so does my broker. Brokers will only report a capital loss, to the IRS, for FFGO on a 1099, if the shares were written down and removed from account as worthless prior to year's end.
Good Luck!
Rocket Man Share Friday, January 20, 2012 12:41:41 PM
Re: A deleted message Post # of 193852
Lol You kidding? I won't give up now.. $31.62 silver and it is just getting started.. Gold will move as well.. Bouse & S. Copperstone... GO DIV!! SWEET! gltu
RM
SevenTenEleven Share Friday, January 20, 2012 12:53:49 PM
Re: medchal post# 193500 Post # of 193852
Sorry, shares of FFGO are still being held in my account. Also, the IRS will not have record of a capital loss for FFGO shares unless they were written down and removed from a retail account. All one has to do is call their broker and discuss with them what they report to the IRS in regards to shares in ones account showing no quoted value. Oh yeah, they do not report those shares, held, as a capital loss to the IRS.
Good Luck!
"The IRS will have no record of capital losses unless a broker is instructed by an investor to remove shares from his/her account as worthless." As I said, that is false. Repeating it for no reason is a little more than just false.
The I. R. S. does not require anything, from a broker or anyone else, in order for you to recognize a loss on any kind of property. If you read the publications and instructions on the I. R. S. website, this should be clear to you. There is no reason to presuppose that shares of a worthless stock are even being held in a brokerage account. That pretty much shows that you are, indeed, the one confused about what is required to claim on a loss on your taxes.
"Hardly WORTHLESS IMO!" Unfortunately, your opinion doesn't count when dealing with tax matters, and the I. R. S. considers revocation of a stock to constitute a presumptive total loss of value (a very sensible assumption on its part). It would be best if you would check with competent tax authority (one who understand the difference between abandonment and simple loss of value) soon, or at least read the I. R. S. instructions and comments on capital losses before serving up your opinions on these matters. - medical
SevenTenEleven Share Friday, January 20, 2012 1:11:42 PM
Re: Rocket Man post# 193501 Post # of 193852
FFGO - Insisting that shareholders MUST take write downs on shares that are still in their account for FFGO is a bit puzzling.
All one has to do is call their broker to confirm what is reported to the IRS on a 1099. If an investor takes a tax write-off for a capital loss on FFGO without having the broker "officially" remove it from one's account as a worthless security, that investor may be subject to audit of their tax return.
Wouldn't want to be reporting a $3449/1MM shares dividend, in the future, on shares still held in one's account, that were already written down as a tax loss to the IRS.
Tic Toc
Rocket Man Share Friday, January 20, 2012 1:19:28 PM
Re: SevenTenEleven post# 193504 Post # of 193852
Nor would I.. Crazzy to see suggestions to do that in FFGO.. Makes me wonder.. The DIV of 3449% is huge and will be painful for those who entertain such an idea.
SevenTenEleven Share Friday, January 20, 2012 1:34:57 PM
Re: Rocket Man post# 193505 Post # of 193852
FFGO - How do you think the IRS would view writing down STILL HELD shares of FFGO in 2011, and then attempting to claim income on a dividend received in 2012 for "retained ownership" of those shares?
Rocket Man Share Friday, January 20, 2012 1:52:31 PM
Re: SevenTenEleven post# 193507 Post # of 193852
FFGO! They will be plainly saying you owe!! Just like shorty has to lay awake at nite knowing that all that aggregate volume of 90% real close per FINRA over two years, is still sitting there on the books.. LMAO I can wait.. SWEET DIV of 3449%
SevenTenEleven Share Friday, January 20, 2012 1:56:34 PM
Re: Rocket Man post# 193508 Post # of 193852
Dividend of 3449% ROI is well worth the wait and the effort!
Tic Toc
OldBen Share Friday, January 20, 2012 2:12:55 PM
Re: SevenTenEleven post# 193497 Post # of 193852
When I receive my 1099, I will show it to you. I am sure there will be a capital gain loss. It will show the capital gain loss from .0001 - .0000 I will claim the maximum capital gain loss which is $3,000. The shares don't have to be written down to show a loss. Did you write down your shares in any tax years that you showed a capital gain loss in the past??? You ever had a losing capital gains year??Did you have to write down your shares??? Why is it any different now???
I am sure that you and your broker are sure of your position. I was a registered commodities broker and have been doing capital gain taxes for gains and losses on my Scottrade and Fidelity accounts for a number of years. I am sure of my position. In a couple weeks or sooner, I will show you my 1099.
Good Luck!
Lebron23 Share Friday, January 20, 2012 3:12:51 PM
Re: medchal post# 193500 Post # of 193852
There is a new IRS Form 8949: "Sales and Other Dispositions of Capital Assets"
This new form has two pages, one for reporting short-term and one for reporting long-term capital gain and loss detail, WITH THREE CHECKBOXES ON EACH PAGE TO INDICATE:
--Capital gains and losses when the cost basis has been provided on Form 1099-B
--Capital gains and losses when the cost basis has not been provided on Form 1099-B
--Capital gains and losses when there is no Form 1099-B
-----------------------------------------------------------
Brokers are now required to show your cost basis on Form 1099-B.
If you want to take a loss for something that is not on your Form 1099-B.......................good luck........lol
Lebron23 Share Friday, January 20, 2012 3:14:57 PM
Re: OldBen post# 193511 Post # of 193852
Your 1099-B is not going to show a loss unless you sold it or had it written off.
Lebron23 Share Friday, January 20, 2012 3:18:01 PM
Re: Lebron23 post# 193513 Post # of 193852
Go to irs.gov and print out Form 8949. I don't make this stuff up...lol...who could?
wrenchman Share Friday, January 20, 2012 3:58:45 PM
Re: OldBen post# 193495 Post # of 193852
Wow so i can buy a stock and watch it plummit and then get a tax break from the IRS, then keep my stock then when it goes up and i make money i can then pay a capital gain tax.LOL the stock goes by by then you can claim losses or gains have you not heard the saying you have not lost anything unless you sell come on anyone that has done their taxes like me on Turbotax can tell you that sorry to be so loud but cmon man just think this out!!!GO FFGO!!!
Lebron23 Share Friday, January 20, 2012 4:03:43 PM
Re: medchal post# 193500 Post # of 193852
medchal, you are the one who needs to go to the IRS website
Quote:
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or at least read the I. R. S. instructions and comments on capital losses before serving up your opinions on these matters.
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When you do....you will see the changes for 2011.
OldBen Share Friday, January 20, 2012 4:38:44 PM
Re: wrenchman post# 193517 Post # of 193852
The maximum capital loss tax deduction is $3000. The taxes on capital gains are unlimited. If you take more than $3000 in losses then you will just end up paying more in capital gains when you finally make money.
Certain investments, it is true that you can wait til you sell to do the capital gains on the investment. Other investments such as futures etc. you must do the capital gains on it, whether you sold it or not.
It also depends on whether it is a tax deferred such as a 401K or IRA or whether it is a regular taxable account.
SevenTenEleven Share Friday, January 20, 2012 5:13:46 PM
Re: medchal post# 193523 Post # of 193852
"If you want to take a loss for something that is not on your Form 1099-B ...." Then you'll simply have to be able to substantiate it. There's no luck about it. Do you think that you can take any loss shown on a 1099-B, even if the form were completed in error and there was actually no loss; and that you can't take any loss unless it's shown on someone's 1099? I guess it was just an I. R. S. slip-up to include those comments on "capital gains and losses when there is no Form 1099-B", huh?
But again, I urge you not to claim the loss on your FFGO. It would be the perfect end to your investing experience! - medchal
Since there will be no loss on my Form 1099, for 2011, for FFGO, the IRS will not recognize it as a loss. That is unless I were to write it down in 2011 and my broker would have had to remove it from my holdings.
There is a very strong call for investors to write down their shares of FFGO. Very strange!
In fact, only one that benefits from a complete write down of one's investment are the market makers responsible for the electronic IOU's that are backing up claims of investor positions.
Once FFGO shares are written off, investors who do so give up their rights to the 3449% dividend.
SevenTenEleven Share Friday, January 20, 2012 5:21:10 PM
Re: OldBen post# 193522 Post # of 193852
FFGO - Sorry, OldBen. FFGO will not show up on a 1099 unless the shareholder instructed the broker to write-down the shares as worthless.
There is a very strong call by market makers for shareholders to take tax losses, even when tax losses aren't earned in 2011.
Wouldn't want to the one who claims a loss, not reported by broker on a Form 1099, then report a dividend capital gain on those same shares written down as worthless at a later date. Probably won't sit well with the IRS.
Good Luck!
OldBen Share Friday, January 20, 2012 7:08:37 PM
Re: SevenTenEleven post# 193526 Post # of 193852
I was completely wrong. Happens once in a while. After carefully reviewing my 2010 1099 tax info. I see that it would not be a good idea to claim a loss on a stock not listed on the Gross Proceeds section. If it were a Regulated Futures Contract then you would report Unrealized (loss) on an open contract which shows on a 1099-B.
Yes, it would be sketchy to claim FFGO as a capital loss of zero value then claim a capital gain the next year or so. Especially when not reported as a proceed (sale).
My apologies.
AlanC Share Friday, January 20, 2012 7:28:14 PM
Re: AlanC post# 193481 Post # of 193852
RocketMan: This is the reason everyone keeps coming back:
1 million shares cost $100.00/ dividend = $3,449.00
10 million shares cost $1,000.00/dividend = $34,449.00
100 million shares cost $10,000.00/dividend = $344,490.00
1 billion shares cost $100,000.00/dividend = $3,444,900.00
I think that says it all! Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Friday, January 20, 2012 10:58:01 PM
Re: OldBen post# 193529 Post # of 193852
I spoke with my broker and my accountant in great detail. They both made it clear that only requested write downs of a deemed worthless stock would be eligible for a tax credit.
Something that would not be listed on a 1099 would be certificates of FFGO. Anything in a brokerage account would need to be removed by the broker, per one's request.
With 3449% ROI in the foreseeable future, there is no way I am writing my shares down so Shorty could cover!
Tic Toc
SevenTenEleven Share Friday, January 20, 2012 11:10:07 PM
Re: TomSawyer post# 193537 Post # of 193852
I researched this a little further Underdog, and came up with different set of numbers from the ones you posted.
1 million shares cost $100.00/revoked value - Time Invested = -$1,000
10 million shares cost $1,000.00/revoked value - Time Invested = -$10,000
100 million shares cost $10,000.00/revoked value - Time Invested = -$100,000
1 billion shares cost $100,000.00/revoked value - Time Invested = -$1,000,000 - TomSawyer
I came up with different numbers for Shorty!
1 million shares cost $100.00/revoked value + Time Invested + Write-Offs = -$99.99
10 million shares cost $1,000.00/revoked value + Time Invested + Write-Offs = -$999.99
100 million shares cost $10,000.00/revoked value + Time Invested+ Write-Offs = -$9,999.99
1 billion shares cost $100,000.00/revoked value + Time Invested+ Write-Offs = -$999,999.99
That is if shareholders were foolish enough to take advice from anonymous individuals making claims that are not supported by brokers or the IRS. The same individuals the company and the SEC has warned investors about.
Tic Toc
Rocket Man Share Friday, January 20, 2012 11:58:13 PM
Re: alien42 post# 193521 Post # of 193852
I wonder now if that is the scam.. Open a new thread or company and carry share holders over to it while shorting the stock the whole time. I see the volume has increased lately..
Rocket Man Share Friday, January 20, 2012 11:59:44 PM
Re: puppydotcom post# 193528 Post # of 193852
More than MMs posting here.. Sheesh! We all know SEC is all over this.. SWEET!
5T WD haha
BMFL<OD
next week(s) is here
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Rocket Man Share Saturday, January 21, 2012 12:06:55 AM
Re: tattoo1 post# 193536 Post # of 193872
It is rising as we speak.. Think of those that are thinking of shorting gold. Ouch!! Duh! Bouse & S. Copperstone won;t go away.. Historical facts are what they are.. FACTS!!
wrenchman Share Saturday, January 21, 2012 7:48:45 AM
Re: OldBen post# 193522 Post # of 193872
OldBen,i know the maximum Capital loss amount as i have used it the last couple of years but when i do my taxes or anyone for that matter if you have not received any money in hand which would be considered capital gain then how can it be taxed,because you are taxed on you income which if you sell stock you then posses the money or loss but not until then and i do have a 401k and am well aware of the laws with it,i dont know about futures but any money in you pocket can be taxed but we are talking about a revoked stock and my point is how can you right if off unless it is deemed worthless because you cant sell and the irs will not let you take a loss then if FFGO becomes unrevoked and or pays dividend and you make money get taxed then,again i have done my own taxes and your statement says buys and sells but the only way capital loss comes into effect is on the sell side,so Seven is correct when he said they want you to write your shares off then they can erase the trail and wash their hands i think you are smart enough to understand what has happened here beyond the company and why so many peeps here if this stock is worthless!!!GO FFGO!!!
wrenchman Share Saturday, January 21, 2012 7:58:43 AM
Re: wrenchman post# 193544 Post # of 193872
Oldben,i replied before i seen you had it figured out so i am sorry also now can we get onto getting our divi,i also know that long term capital gain taxes on shares held over a year(FFGO)are taxed at a lower rate i think 15% so if and when we can sell them we will get a lower tax!!!GO FFGO!!!
OldBen Share Saturday, January 21, 2012 11:47:21 AM
Re: wrenchman post# 193545 Post # of 193872
Good reminder about the 15%. Again, my apologies.
Rocket Man Share Saturday, January 21, 2012 11:58:19 AM
Re: unevilfavouredness post# 193546 Post # of 193872
I guess one could call the SEC and ask them how it is done, as they sure seem to have known about them for many years. If you get the names of those that allowed it, let us know..
SevenTenEleven Share Saturday, January 21, 2012 12:53:04 PM
Re: Rocket Man post# 193548 Post # of 193872
FFGO - SEC watching closely, IMO. They are well aware of what is transpiring. I would't doubt if the IRS is also watching and looking into their lost revenue stream for naked short selling proceeds moving off-shore.
I would have more faith in the IRS to step up and step in then for the SEC or the DOJ to do something. The IRS is driven by money and what is due them. The SEC is driven by cronyism and nepotism. DOJ is driven by politics and relationships and the influence of politicians.
Yep, I would vote for the IRS on the shareholders' side any day.
Tic Toc
AlanC Share Saturday, January 21, 2012 5:32:17 PM
Re: SevenTenEleven post# 193550 Post # of 193872
SevenTenEleven: That might be a good idea to have several longs file for payment under the whistlblower category and point out the huge naked short in FFGO as documented by FINRA and point out how much money has been hidden offshore without any taxes being paid. We all know which MM should have to produce records. PM me if you prefer but imagine the possibilities and we all know our country could sure use the tax revenue. Go FFGO!!!
Dividends of 3400%+ are awesome!
OldBen Share Saturday, January 21, 2012 6:44:20 PM
Re: AlanC post# 193558 Post # of 193872
That's an angle I hadn't considered. A successful whistleblower campaign would create a legal entry point for the government or private lawyers to pursue a private class action or to induce a government sponsored settlement or short coverage.
If you need help or a body, I would be glad to help.
SevenTenEleven Share Saturday, January 21, 2012 6:51:53 PM
Re: OldBen post# 193560 Post # of 193872
OldBen,
It would be interesting to see what whistle blowing programs the IRS has in place. Forget the SEC. The US Treasury might be the way to go. They act and enforce. The SEC does nothing but slap wrists. If the US Treasury were get involved, we might see more forced covers and see more money being forced to come back from off-shore tax havens.
FFGO has been targeted and continues to be targeted.
SevenTenEleven Share Saturday, January 21, 2012 6:59:06 PM
Re: Rocket Man post# 193563 Post # of 193872
FFGO - Would be great if the dividend was doubled or tripled based upon the value of the assets at the time of the distribution.
Imagine a penny a share dividend on 75B legal shares and 250B short shares.
Chances are ex-clearing practices have allowed marker makers to hide naked short selling practices pre-split(s). The historical payment could be very painful for them. Maybe more than the current shareholder payment and distribution.
Imagine all of the naked shares they may not have reported to the TA and electronically "rolled back" within their own "systems".
Imagine them reverse splitting multiple times on shares they were never authorized to short and reverse split.
Tic Toc
Rocket Man Share Saturday, January 21, 2012 7:35:38 PM
Re: SevenTenEleven post# 193564 Post # of 193872
Seems that would be a hard spot to be in.. lol As for those of us with historical shares coming it will be a good spot to be in.. lol
wrj Share Saturday, January 21, 2012 7:53:24 PM
Re: Rocket Man post# 193565 Post # of 193872
Right on. We will win in the end. All is good for shareholders and payment of the upcoming dividend.
SevenTenEleven Share Saturday, January 21, 2012 8:13:16 PM
Re: Rocket Man post# 193565 Post # of 193872
FFGO - They may be having a hard time matching up the historical shareholders with the certs to back them up.
Imagine if a regulatory agency forces those naked short selling and electronically reverse splitting 1 for 2000, around the legal system, forces them to pay out the dividend on 2000 shares, not 1.
Illegal naked short selling and under reporting and reverse splitting around the system should be dealt with sternly and swiftly.
Tic Toc
5T WD haha
BMFL<OD
next week(s) is here
Offline
AlanC Share Sunday, January 22, 2012 6:20:43 AM
Re: TomSawyer post# 193575 Post # of 193872
Tom: Why don't you give Wyoming a call. I doubt Wyoming is any different than Rhode Island or other states where a small fee is paid annually along with the filing of the minutes of the annual meeting and any corporate votes that were taken or new officers that were appointed. It is no big deal if the filing is late and many corporations are. Check out your state and the process if you doubt me. I am not worried about a timely filing in Wyoming one bit as it is easily remedied if they do fail to timely file.
Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Sunday, January 22, 2012 8:24:52 AM
Re: TomSawyer post# 193575 Post # of 193872
TomSawyer, The Statutes of Wyoming protect the dividend process regardless if the state dissolves the company.
(a) A dissolved corporation continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including:
(i) Collecting its assets;
(ii) Disposing of its properties that will not be distributed in kind to its shareholders;
(iii) Discharging or making provision for discharging its liabilities;
(iv) Distributing its remaining property among its shareholders according to their interests; and
(v) Doing every other act necessary to wind up and liquidate its business and affairs.
Strange how the content in those statutes are being ignored.
Good Luck!
SevenTenEleven Share Sunday, January 22, 2012 9:03:20 AM
Re: Tavycal post# 193579 Post # of 193872
FFGO owns nothing so what would they distribute? - Tavycal
One should start with the Form 8-K's filed that state that the Preferred A's and B's are being held by WD, awaiting distribution.
Its all in the filings!
Good Luck!
SevenTenEleven Share Sunday, January 22, 2012 9:57:46 AM
Re: Tavycal post# 193581 Post # of 193872
and the company is revoked and missing a few filings. lmao - Tavycal
According to my broker and FINRA, State of Wyoming Statutes govern what FFGO will be able to do regarding the dividend. From the looks of it, looks as if the dividend process is protected, even with a dissolution. Also, according to my broker, revoked registration stocks are allowed to pay out dividends as long as certain requirements are met. Broker will be notified by DTCC when the dividend payment date will be set.
Good Luck!
wrj Share Sunday, January 22, 2012 12:46:10 PM
Re: puppydotcom post# 193587 Post # of 193872
FFGO shares cannot be bought or sold. There is nothing shareholders can do except be convinced to write off their shares for tax purposes. Since there are no naked shorts in FFGO... O wait ....
SevenTenEleven Share Sunday, January 22, 2012 12:49:06 PM
Re: puppydotcom post# 193587 Post # of 193872
FFGO will never file or pay any tax
sorry, FFGO is long GONE - puppydotcom
Did FFGO management share this in an email?
Love to see the proof!
Tic Toc
wrj Share Sunday, January 22, 2012 8:56:21 PM
Re: puppydotcom post# 193594 Post # of 193872
O wait!!! Facts tell a different story. Traders will talk about FFGO for years to come. You must know insiders because you state your opinions as fact. There will be no write offs on my end. EVER!!!
5T WD haha
BMFL<OD
next week(s) is here
Offline
mwab52 Share Monday, January 23, 2012 11:38:21 AM
Re: None Post # of 193872
Wow! Still holding...I remember win FFGO got revoked shortly after the yearly short positions was reported to Finra being over 90% which was tracked daily.Seems like Shortie has a big problem.And Divvy is written all over it.Hold onto those shares.(FFGO)
paunch13 Share Monday, January 23, 2012 11:43:38 AM
Re: mwab52 post# 193610 Post # of 193872
Mwab52
I think the government is deciding who they want to back, shorty or the shareholders and that is a shame that we have to put up with this kind of government but shorty will lose in the end
John
SevenTenEleven Share Monday, January 23, 2012 2:55:17 PM
Re: None Post # of 193872
FFGO - Gold up sharply today. Watching for a break past $1700. Great to have assets backing those Preferred A's and B's! Gold at $1700 puts those Preferreds at a premium!
Good Luck!
Lebron23 Share Monday, January 23, 2012 4:19:45 PM
Re: Doubleday post# 193622 Post # of 193872
Yes, FFGO was revoked....but it does still exist. Sound DD shows that dividend will still happen.
I consider the Date of Record to the date of revocation.....Feel like I am sitting pretty.
diamondguru-one Share Monday, January 23, 2012 5:11:05 PM
Re: A deleted message Post # of 193872
the Shell game will hang the crooks...thanks for playing
Lebron23 Share Monday, January 23, 2012 5:46:23 PM
Re: ctrumabll post# 193628 Post # of 193872
You need to read about the rules of dissolution and the related remedies if it does come to that. Very simple stuff.
wrj Share Monday, January 23, 2012 7:45:18 PM
Re: A deleted message Post # of 193872
"People actually set orders at a buck a share and wouldn't sell a single share below a buck"
That's right. Glad to be a shareholder. I actually own FFGO/HGLC shares. Huge naked short position here. Numbers prove it.
Lebron23 Share Monday, January 23, 2012 7:57:05 PM
Re: A deleted message Post # of 193872
Gooo FFGO!!!!!!!!!!!!!!! Not concerned about State of Wyoming at all......................like I said before, even if this filing is missed...you just pay it later. Not a big deal. Some of you need to run your own businesses to understand this stuff.
Lebron23 Share Monday, January 23, 2012 8:05:12 PM
Re: puppydotcom post# 193635 Post # of 193872
You are reading too deep. Just look at the face of the form....Don't make this harder than it is...lol
5T WD haha
BMFL<OD
next week(s) is here
Offline
SevenTenEleven Share Tuesday, January 24, 2012 8:03:57 AM
Re: None Post # of 193872
FFGO - DIVIDEND COMING SOONER THAN LATER!
Shorty will know long before shareholders!
Tic Toc
paunch13 Share Tuesday, January 24, 2012 9:01:34 AM
Re: SevenTenEleven post# 193649 Post # of 193872
Seven
I believe you are right but we won't know for sure until they get ready and I guess they can't do that now without allowing shorty to know also and that is something they are not going to do
John
paunch13 Share Tuesday, January 24, 2012 11:43:05 AM
Re: Hunter6110 post# 193655 Post # of 193872
HUNTER
WHERE DID YOU HERE THAT AND CAN YOU POST IT
JOHN
Lebron23 Share Tuesday, January 24, 2012 12:46:53 PM
Re: alien42 post# 193657 Post # of 193872
Dividend is from NMGL.
Lebron23 Share Tuesday, January 24, 2012 12:49:06 PM
Re: None Post # of 193872
Doesn't NMGL do all the work as far as the Dividend?:
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.
NMGL has set these “ground rules” as stated above and they are not negotiable. NMGL refuses to enter into any discussions or debates of whatsoever nature in respect of these transactions, as is their right.
Lebron23 Share Tuesday, January 24, 2012 1:36:13 PM
Re: puppydotcom post# 193667 Post # of 193872
Pour yourself a cup of coffee, find a nice quiet place and read the 8-K filed by NMGL in its entirety.....the one that was filed in August 2010.
Lebron23 Share Tuesday, January 24, 2012 1:45:48 PM
Re: alien42 post# 193670 Post # of 193872
You have to READ IT, to understand it.
Lebron23 Share Tuesday, January 24, 2012 2:30:09 PM
Re: puppydotcom post# 193674 Post # of 193872
Take the afternoon off from posting here and read the 8-K.
Lebron23 Share Tuesday, January 24, 2012 3:59:47 PM
Re: puppydotcom post# 193677 Post # of 193872
Puppy:
Quote:
--------------------------------------------------------------------------------
FFGO has been gone for 17 months
--------------------------------------------------------------------------------
Gone for 17 months???????? Shorty was trading up through 11/30/11. That's not 17 months...lol
Lebron23 Share Tuesday, January 24, 2012 4:15:33 PM
Re: paunch13 post# 193679 Post # of 193872
paunch13, thanks. You too. SevenTenEleven is the one who has never wavered and done the the great dd!
kazorchian Share Tuesday, January 24, 2012 6:01:21 PM
Re: alien42 post# 193683 Post # of 193872
FFGO claims are warehoused by NMGL.Maybe some day they will be sold. I can wait. Some can continue to carry on here doesn't make a difference won't change us longs mind it will remain in my portfolio... not writing off anything!
paunch13 Share Tuesday, January 24, 2012 6:04:41 PM
Re: kazorchian post# 193684 Post # of 193872
Kazorchian
You are smart to think that way, the way I see it now the only way shorty can win is if he can talk shareholders to give away their shares and I don't believe they are any dumb shareholders here at FFGO
John
mwab52 Share Tuesday, January 24, 2012 6:16:01 PM
Re: puppydotcom post# 193688 Post # of 193872
But yet and still! Here we are! Hold onto those shares.(FFGO)
SevenTenEleven Share Tuesday, January 24, 2012 7:50:57 PM
Re: JammingJAY post# 193696 Post # of 193872
FFGO - Share value still still showing in my accounts. Not showing as a line item value, but showing in the total account value. Never seen that happen before!
Good Luck!
Lebron23 Share Tuesday, January 24, 2012 8:04:34 PM
Re: Anvil post# 193698 Post # of 193872
Say Hello to Mr. Lumb for me!!
Rocket Man Share Tuesday, January 24, 2012 10:55:59 PM
Re: None Post # of 193872
Did any one confirm that the FFGO website has been updated?
Rocket Man Share Tuesday, January 24, 2012 11:31:05 PM
Re: None Post # of 193872
FFGO was so shorted, per FINRA, at least..
http://www.fortfinancegroup.com/faq.html
Rocket Man Share Tuesday, January 24, 2012 11:52:15 PM
Re: alien42 post# 193704 Post # of 193872
No, I didn't start anything. I simply asked a question. I hope I panicked some. When it does change..? SWEET!! Seems a nervousness is about.. lol To quickly judge is an interesting point to consider, imo..
Quote:
--------------------------------------------------------------------------------
Rocket Man
Share
Tuesday, January 24, 2012 10:55:59 PM
Re: None
Post # of 193705
Did any one confirm that the FFGO website has been updated? ~ RM
--------------------------------------------------------------------------------
Quote:
--------------------------------------------------------------------------------
<!--Fireworks CS3 Dreamweaver CS3 target. Created Mon Apr 26 15:47:37 GMT-0400 (Eastern Daylight Time) 2010-->
no it hasn't, why would you try to start such a false rumor? Alien42
--------------------------------------------------------------------------------
Rocket Man Share Tuesday, January 24, 2012 11:56:51 PM
Re: None Post # of 193872
Did any one hear that FFGO is going to pay a $003449 div? According to the live website they are.. Does say they were to be going Dormant and they, seem to fit that bill being revoked.. Yet the data suggests the historical and the present share holders will get paid.
http://www.fortfinancegroup.com/faq.html
5T WD haha
BMFL<OD
next week(s) is here
Offline
Rocket Man Share Wednesday, January 25, 2012 12:04:55 AM
Re: None Post # of 193872
Facts per FINRA show FFGO was over 90% total Short Volume per FINRA for 2 years.. The math shows that Shorty was involved and is still since at least 02/17/2011 (See chart of trade and trading in link.).. Charts and public information are very compelling evidence.. Short & Distort tactics appear to have been the norm, imo..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71278820
Rocket Man Share Wednesday, January 25, 2012 12:11:07 AM
Re: TheStockBull post# 193702 Post # of 193872
Boy getting Tax advice from anyone on a public forum without a license is a bad Idea.. I know that it is done here. But check with a professional first and the IRS.. I would hate to see anyone miss 3449% in FFGO, on the coming div per the current website and all. jmho
Rocket Man Share Wednesday, January 25, 2012 12:12:36 AM
Re: layton post# 193701 Post # of 193872
So should I write off my shares in FFGO this year?
RM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71279625
SevenTenEleven Share Wednesday, January 25, 2012 9:09:16 AM
Re: alien42 post# 193712 Post # of 193872
the FFGO website has not been updated in over a year and a half. - alien42
Nothing to update!
Dividend still on and company still believes that shareholders should ignore anonymous intent to harm the company.
Good Luck!
SevenTenEleven Share Wednesday, January 25, 2012 9:26:06 AM
Re: Rocket Man post# 193708 Post # of 193872
FFGO - FAQ and FACTS are both FACTS!
Company is about to make life difficult for those short. All of those ex-clearing operations and logarithmic formulas to hide those naked short positions.
Tisk Tisk Tisk
I would imagine the forensic accountants are going through the historical shareholder records and finding billions upon billions of pre-split naked shorts.
Current naked short numbers may pail in comparison.
Anyone ever get to the bottom of why FFGO ticker was running across CNBC's screen a few years back?
Tic Toc
SevenTenEleven Share Wednesday, January 25, 2012 9:30:25 AM
Re: alien42 post# 193716 Post # of 193872
FFGO - FAQ written by the scammers themselves! - alien42
FAQ's have been in the public realm for almost 18 months now. One would think that the SEC would have acted if the DD'ers were on to something.
Nah, I think there is a legit claim and dividend coming. SEC well aware of what the principles of FFGO are about to do.
Good Luck!
SevenTenEleven Share Wednesday, January 25, 2012 9:34:45 AM
Re: alien42 post# 193718 Post # of 193872
those with experience following scams like FFGO know that is not the case. - alien42
Let those who think it is a scam, keep thinking!
To this Shareholder, their opinion means nothing!
This Shareholder knows the dividend is coming!
Tic Toc
SevenTenEleven Share Wednesday, January 25, 2012 9:39:05 AM
Re: alien42 post# 193718 Post # of 193872
continuing to ignore the SECs warning about this scam will only delay the inevitable. - alien42
Didn't realize that the SEC has officially released a statement supporting claims that FFGO is a scam.
Revocation, in itself, does not support such claims.
Good Lcuck!
AlanC Share Wednesday, January 25, 2012 9:50:55 AM
Re: AlanC post# 192704 Post # of 193872
Did you know FFGO management has been fighting the naked shorting of its stock for over 6 years? Did you know that the stock was billions short back in 2006? Did you know that management tried hard to force those short to cover and regulators failed to enforce existing rules and regulations and allowed the naked shorters to continue to sell more non existant shares into the markets? Did you know management used every method available to them to try and thwart the attacks including multiple dividends and even reverse splitting the stock and still the naked shorters continued to sell non existant shares trying to drive FFGO into bankruptcy? Thanks management for being such warriors! Thanks for developing a plan that will insure that your shareholders are compensated for the suffering endured at the hands of the criminal naked shorters. Thanks for your courage and your caring.
Go FFGO!!!
Dividends of 3400%+ are awesome!
Thanks to BullFinch for this DD:
Great West Gold, Inc. Continues
To Monitor Short Selling
NEW YORK, May 8, 2006 – Great West Gold, Inc. (OTC BB:GWGO) confirms that BUYINS.NET, www.buyins.net, continues its coverage of Great West Gold, Inc. (OTCBB: GWGOE) after releasing the latest short sale data through May 2006. From January 2005 to May 2006 approximately 28.73 billion total aggregate shares of GWGOE have traded for a total dollar value of nearly $22.7 million. The total aggregate number of shares shorted in this time period is approximately 2.21 billion shares. The GWGOE SqueezeTrigger price of $0.00079 is the volume weighted average short price of all short selling in GWGO. A short squeeze started when shares of GWGOE closed above $0.00079. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net/.
Press Release
Great West Gold, Inc. Email:investor@greatwestgold.com
http://www.greatwestgold.com/pdfs/080506_GWG_PR_Buyins_Report.pdf
Great West Gold, Inc. – Squeeze Trigger Report
NEW YORK, NY, February 21, 2006, Great West Gold, Inc. (OTC BB: GWGO) announced on February 16, that www.buyins.net, is initiating coverage of Great West Gold, Inc. (OTCBB: GWGO) after releasing the latest short sale data through February 2006. From January 2005 to February 2006 approximately 20.59 billion total aggregate shares of GWGO have traded for a total dollar value of nearly $12.35 million. The total aggregate number of shares shorted in this time period is approximately 1.59 billion shares. The GWGO SqueezeTrigger price of $0.0006 is the volume weighted average short price of all short selling in GWGO. A short squeeze is expected to begin when shares of GWGO close above $0.0006. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://buyins.net/squeezetrigger.pdf.
Press Release
Great West Gold, Inc. Email:investor@greatwestgold.com
http://www.greatwestgold.com/pdfs/210206_GWG_PR_Squeeze_Trigger_Report.pdf
Great West Gold, Inc. –
Share Price And Trading Activity
NEW YORK, NY, February 17, 2006, Great West Gold, Inc. (OTC BB: GWGO) confirms that it has noted that its share price traded at a new low yesterday with in excess of 1 billion shares being traded on that day.
The Company has requested an urgent “Squeeze Trigger” Report from www.buyins.net in respect of the Company’s trading including yesterday and upon receipt of this report, it will be published by the Company.
Press Release
Great West Gold, Inc. Email:investor@greatwestgold.com
http://www.greatwestgold.com/pdfs/170206_GWG_PR_Trading_Activity.pdf
Great West Gold, Inc. – Update On Naked Short Selling
Great West Gold (“GWGO”) Report
NEW YORK, December 27, 2005 – Great West Gold, Inc. (OTC BB:GWGO) announced on November 8, 2005 that Great West Gold, Inc. has now subscribed to a service that will “expose” all naked short positions in its stock on a monthly basis. The Company undertook to publish this list on its web site and issue a Press Release disclosing full details contained in that monthly report. Great West Gold, Inc. is now determined to attack those who are involved in the illegal naked short selling of its stock.
Press Release
Great West Gold, Inc. Email:investor@greatwestgold.com
http://www.greatwestgold.com/pdfs/271205_GWG_PR_Update_on_Short_Selling.pdf
Great West Gold, Inc. – UPDATE ON NAKED SHORT NEW YORK, November 9, 2005 – Great West Gold, Inc. (OTC BB:GWGO) announced on November 8, 2005 that Great West Gold, Inc. has now subscribed to a service that will “expose” all naked short positions in its stock on a monthly basis. The Company undertook to publish this list on its web site and issue a Press Release disclosing full details contained in that monthly report. Great West Gold, Inc. is now determined to attack those who are involved in the illegal naked short selling of its stock.
Press Release
Great West Gold, Inc. Email:investor@greatwestgold.com
http://www.greatwestgold.com/pdfs/091105_GWG_PR_Update_on_Short_Selling.pdf
AlanC Share Wednesday, January 25, 2012 9:52:58 AM
Re: AlanC post# 193531 Post # of 193872
This is the reason everyone keeps coming back to FFGO:
1 million shares cost $100.00/ dividend = $3,449.00
10 million shares cost $1,000.00/dividend = $34,449.00
100 million shares cost $10,000.00/dividend = $344,490.00
1 billion shares cost $100,000.00/dividend = $3,444,900.00
I think that says it all! Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Wednesday, January 25, 2012 9:56:21 AM
Re: alien42 post# 193724 Post # of 193872
Did you know FFGO management denied that any short positions, legal or illegal, ever existed? - alien42
Denied? They did not deny their existence.
They stated that based upon the reported numbers, their opinion was that significant short interest did not exist.
FINRA clearly states that the daily and the bi-monthly numbers are likely under reported and under inclusive for OTC stocks such as FFGO.
Also, FINRA has not made short numbers available to the public for FFGO since August 2010. Wonder why?
Tic Toc
SevenTenEleven Share Wednesday, January 25, 2012 10:17:05 AM
Re: puppydotcom post# 193733 Post # of 193872
Sorry, but that is only part of my post. The rest makes it clear that the company has no data to go on since market makers are not reporting their short interest for OTC companies such as FFGO.
Good Luck!
AlanC Share Wednesday, January 25, 2012 10:56:47 AM
Re: puppydotcom post# 193728 Post # of 193872
I think the longs and the shorts both know what happened here and to boil it down into a nutshell:
FFGO fka Great West Gold trades on the OTC market and is attacked by those who abusively naked short.
FFGO puts out PR's complaining about the shorting of the stock with no results other than the attacks are increased.
FFGO complains to regulators but the complaints fall on deaf ears.
FFGO management realizes they must craft a plan to both protect the funds they have invested as well as the shareholders.
Plan is formulated and execution begins.
The 5 trillion authorized mistake is swallowed by those that short hook line and sinker.
Company/friends and investors accumulate huge amounts of shares so that the only float is a float of non existant shares. All real shares are closely held.
Management moves assets and protects them from the shorters.
Management announces its intentions to sell claims and distribute proceeds to shareholders via Preferred A&B shares which will be freely trading.
Abusive shorters continue to short as to cover would be devastating.
Management posts FAQ which are well thought out and provide a roadmap of what is to come.
Abusive shorters have no choice as it will bankrupt them to cover so they continue to short any buying by selling non existant shares which is verified by FINRA's daily short sale numbers posted on their website.
While this is going on progress is being made as portions of Dodd-Frank legislation takes effect. SEC even slaps UBSS and Credit Suisse with fines for mismarking millions of shares as long sales when in fact they were short.
The longs continue to wait patiently for their dividends.
Stalemate presently exists while those who own shares wait patiently while those who owe shares pray the Super 8K is never filed.
I think that sums it up and since I am a firm beliver that good always ultimatly prevails over evil although at times it is frustratingly slow I fully expect we will receive our divies. Go FFGO!!!
Dividends of 3400%+ are awesome!
Lebron23 Share Wednesday, January 25, 2012 12:16:07 PM
Re: None Post # of 193872
NMGL MAY ANNOUNCE THE DIVVY BEFORE THE LAST 6 DAYS THAT FFGOS WYOMING LICENSE IS REVOLKED ,,,,,,,,,,,,,LETS HOPE SO . IF NOT ????????????????????? WE B TOAST
BUT I REALLY DOUBT THAT ANY COMPANY WOULD FILE 10 8 KS ON A SALE OF GOLD MINES AND DIVVY PROMISES RIGHT AFTER BERNIE MAID OFF WITH ALL OUR MONEY WENT DOWN
DO U REALLY THINK ANYONE IS THAT STUPID TO RISK LIFE IN JAIL FOR WHAT A FAKE 1 BILLION SHARE PUMP FOR A MEASLY 100 GRAND ,,,,,NO WAY NO HOW .....
THE DEAL IS REAL OR THEY WOULD NOT HAVE FILED 8KS AND 10 Q S
SO HANG ON ITS ALL ABOUT SOMEONE PAYING 1 BILLION CASH FOR THE MINES REMEMBER WE ONLY OWN 23 % OR 258 MILLION ,,JUST A QUARTER OF THE SALE SO IT MUST SELL FOR 1.2 BILLION INORDER TO CLOSE THATS THE HOLD UP
---from the inimitable V
SevenTenEleven Share Wednesday, January 25, 2012 1:29:50 PM
Re: Lebron23 post# 193743 Post # of 193872
FFGO - Looking forward to our dividend!
Tic Toc!
CIBOLA Share Wednesday, January 25, 2012 2:47:33 PM
Re: None Post # of 193872
Still here with FFGO, all of it.
OldBen Share Wednesday, January 25, 2012 6:36:57 PM
Re: None Post # of 193872
In 2009, my central premise was that FFGO was trying to create goodwill and strengthen it's reputation by presenting an extraordinary dividend to its shareholders. The plan, I believed, was to eventually shed off its debts and obligations and return at a later date after liquidating the assets of the company.
The company used the word "dormant." Dormancy denotes an eventual return. Otherwise, it would be denoted as closing.
If no paperwork regarding taxes and other filings are not submitted in the next week or so, I don't think you could characterize FFGO as dormant anymore.
I don't think they plan on returning as FFGO again. If there is no FFGO then what other reasons for the dividend are we left with???
I don't see FFGO risking lawsuits, fines and possible jail time over a relatively small additional sale of stock due to promising a dividend.
Revenge?? Unclear. Could FFGO be on a mission to expose shorters and make them pay big???
Goodwill to shareholders?? Unclear. They say so, but, Who is that nice??
Help to other big fish?? Unclear. FFGO may have wanted to help other friend and colleagues.
One thing is for sure to me. FFGO dormancy or more directly their future return is not going to happen.
The dividend can still play out for whatever their reason they might be doing it for. There is no direct, definitive proof that FFGO or NMGL has any reason to cancel the dividend.
SevenTenEleven Share Wednesday, January 25, 2012 9:17:36 PM
Re: puppydotcom post# 193774 Post # of 193872
however, there is 100% proof ... FFGO and NMGL has no intentions of ever paying this fantasy divvy - puppydotcom
Would love to see that email or filing from company supporting such claims.
Good Luck!
wrj Share Wednesday, January 25, 2012 9:58:54 PM
Re: puppydotcom post# 193780 Post # of 193872
It's a great and wonderful day to be a shareholder in FFGO. Dividends coming real soon, just around the corner, very near.
Rocket Man Share Wednesday, January 25, 2012 10:24:51 PM
Re: None Post # of 193872
FFGO~ Was shorted to all get out.. FINRA even knows how REG SHO Bi-Monthly Reports are a sham, as they are under-inclusive and under-reporting.. If anyone wants the FINRA numbers I can post them again, let me know.. I have links and charts as well.. Very compelling data if one looks at the charts and the boards history for years gone by, too..
I see fresh activity as well.. Boy what time and patience will find..
RM
Rocket Man Share Wednesday, January 25, 2012 10:49:56 PM
Re: newtrader2007 post# 193781 Post # of 193872
I agree the shorting was insane.. FINRA shows that is it undeniable. Regardless of the companies past, as many may agree that what a perfect "short and distort" company FFGO was set up to be, etc. Shame that the good folks with good reputations are now in the mix.
5T WD haha
BMFL<OD
next week(s) is here
Offline
wrenchman Share Thursday, January 26, 2012 5:52:23 AM
Re: OldBen post# 193770 Post # of 193872
I just remember the company saying "wharehousing" and to me that means storing so no one at this point really knows but a new player emerged in this tangled web and i believe the deal could be rewrote very easily to anyone so maybe NMGL is really not the payer even though all the filings stated that they are,but maybe that has changed for some reason.GO FFGO!!!
SevenTenEleven Share Thursday, January 26, 2012 6:31:15 AM
Re: Doubleday post# 193790 Post # of 193872
FFGO - Doubtful. I believe the SEC will be quick about going after the criminals who have been stealing from investors. Time to clean up these scams.
Tic Toc
SevenTenEleven Share Thursday, January 26, 2012 6:40:12 AM
Re: Doubleday post# 193792 Post # of 193872
FFGO - I have my tickets for the dividend!
Should be interesting once it is distributed. Wonder what attack the shareholders will come under then?
Good Luck!
SevenTenEleven Share Thursday, January 26, 2012 6:42:05 AM
Re: wrenchman post# 193789 Post # of 193872
FFGO - Gold up another $19 this morning. Could see $2000 sooner than expected.
Will the dividend payment be greater than $0.003449/share?
We will soon find out!
Tic Toc
AlanC Share Thursday, January 26, 2012 6:55:08 AM
Re: puppydotcom post# 193780 Post # of 193872
Will that be coming out of the Boston office too? Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Thursday, January 26, 2012 10:49:05 AM
Re: ctrumabll post# 193800 Post # of 193872
True. FFGO management needs to be indicted. They, and not the ENSSFM, are the crooks here. - ctrumabll
The naked short sellers are the criminals. NOT the management!
Good Luck!
Lebron23 Share Thursday, January 26, 2012 11:09:51 AM
Re: None Post # of 193872
Anyone with an open mind and average math skills can determine that FFGO has an outrageous NSS problem.
This should be easy for any investigator to see because shorty over-stepped. Got too greedy.
I hope the worst for those that have illegally shorted this stock.
paunch13 Share Thursday, January 26, 2012 11:41:27 AM
Re: Lebron23 post# 193804 Post # of 193872
lebron23
Anyone with half a mind would have figured that out years ago and when shorty is caught , and he should get 20 years or more with big bubba
John
Vianna Share Thursday, January 26, 2012 12:50:04 PM
Re: OldBen post# 193770 Post # of 193872
GA Ben and All FFGOrs, Your point in bold below is what sticks in my mind. Also, considering the clauses added to the deal, it is SUPER EASY to cancel this dividend and move on vs. leaving 1000s of shareholders in the dark indefinitely. I believe this can still happen and, of course, they will do it when it makes them the most money...not when we need it.
I can't believe it was all for nothing.
I will continue to wait patiently until there is reason to truly believe this is over. I do not believe it is, and I would like to thank SHORTY for that as well.
Best,
V
The dividend can still play out for whatever their reason they might be doing it for. There is no direct, definitive proof that FFGO or NMGL has any reason to cancel the dividend.
AlanC Share Thursday, January 26, 2012 12:55:28 PM
Re: SevenTenEleven post# 193801 Post # of 193872
No question that the abusive naked short sellers are criminals who have stolen billions of dollars from small investors and driven many small companies out of business costing many workers jobs. FINRA's reporting of the FFGO short numbers on a daily basis for the past two years since records were kept provide the proof and that is no doubt the reason they stopped reporting SHO numbers in August of 2010. Go FFGO!!!
Dividends of 3400%+ are awesome!
AlanC Share Thursday, January 26, 2012 1:04:26 PM
Re: newtopennies1 post# 193808 Post # of 193872
newtopennies1: Did you order some FFGO shares in certificate from through your brokerage firm? I have not done that. The good news is the transfer agent has all the records. Has the transfer agent not been paid for 2011 or were they last paid in April of 2011? Did the transfer agent tell you that they would be unable to issue you a certificate? Yes PCBM/SRCI's transfer agent is still being paid years after it was revoked. I believe that there is a valid reason for that happening. Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Thursday, January 26, 2012 2:51:48 PM
Re: AlanC post# 193813 Post # of 193872
FFGO - Will be great when the dividend is paid. All of the waiting will be handsomely rewarded!
Tic Toc
OldBen Share Thursday, January 26, 2012 7:34:36 PM
Re: Vianna post# 193810 Post # of 193872
Legally, I believe it is too late to cancel the dividend. The clauses that were added to the deal are irrelevant I believe.
There was a specific promise (in several newswires and press releases) for a specific dividend amount (.003449 per share) at a specific time (immediately after FFGO sold the gold mines).
Changing the game after the promise was broken is legally irrelevant to me. The FAQ's and clauses and everything else is irrelevant I believe.
FFGO further compelled themselves legally by accepting payment in the form of NMGL A&B in exchange for the gold mine without compensating shareholders. That is a legal no-no in my opinion. Their excuses and reasoning are legally irrelevant again in my opinion.
Legally, I think it would be super hard to cancel this dividend and move on. Playing by their own rules, sure, it would be super easy to cancel this dividend and move on.
They may have their own reasons and their own methods to starting and finishing a dividend. They may not care at all about the legally correct way to do it. They may have every intention of delivering the dividend.
Whatever their intentions. Some of their actions can be judged. Their dormancy and legal complicity is a done deal in my opinion.
SevenTenEleven Share Thursday, January 26, 2012 7:48:38 PM
Re: OldBen post# 193838 Post # of 193872
I am confident that the dividend will be paid.
Until then, holding no interest of writing down my shares as hoped by market makers and brokers.
GO FFGO!
SevenTenEleven Share Thursday, January 26, 2012 8:29:40 PM
Re: puppydotcom post# 193841 Post # of 193872
Still waiting on that filing to confirm that the dividend is cancelled. Also, still waiting on the email from Lumb or anyone from the company stating that the plan was to scam investors all along.
Tic Toc
SevenTenEleven Share Thursday, January 26, 2012 8:53:26 PM
Re: Fire Lane post# 193846 Post # of 193872
the dividend never existed to be cancelled - Fire Lane
Such claims have been made since July 2010.
Good Luck!
SevenTenEleven Share Thursday, January 26, 2012 8:54:28 PM
Re: Fire Lane post# 193847 Post # of 193872
Lumb himself said the dividend was cancelled. call him, you have the number - Fire Lane
Others have made such claims as if they had knowledge of an investor scam in the works.
Good Luck!
AlanC Share Thursday, January 26, 2012 9:33:07 PM
Re: OldBen post# 193838 Post # of 193872
OldBen: Obviously the discussion you and I had has merit:
Mr. Bustillo said the SEC is using more staffers, a new "whistleblower" program and increased coordination with other law enforcement agencies to help the SEC bring a record number of cases against securities scofflaws.
Overall, the SEC filed a record 735 enforcement actions in 12 months that ended Sept. 30.
"Starting in December 2010, we initiated a more coordinated" approach to working with other agencies, Mr. Bustillo said, including the US Attorney's Office, Federal Bureau of Investigation and Internal Revenue Service.
Following the financial crisis that started in 2008, the Enforcement Division underwent its most significant reorganization since it was created in the 1970s, the SEC said. That included revamping the way it handles tips.
Under a whistleblower program created through the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, tipsters can receive awards if they voluntarily provide the SEC with original information that leads to successful enforcement actions.
"We're getting a tremendous amount of information coming in," Mr. Bustillo said. "It has allowed us to be more proactive."
http://www.miamitodaynews.com/news/120126/story3.shtml
5T WD haha
BMFL<OD
next week(s) is here
Offline
OldBen Share Friday, January 27, 2012 12:05:28 AM
Re: AlanC post# 193852 Post # of 193872
The IRS should be all over this like a pit bull on a pork chop imho.
Indeed....
SevenTenEleven Share Friday, January 27, 2012 8:14:20 AM
Re: None Post # of 193872
FFGO - Dividend never officially canceled by company. Claims of such, and claims of there never being a dividend are not supported by SEC Form 8K filings and by the company's own website and investor communication.
Tic Toc
SevenTenEleven Share Friday, January 27, 2012 9:58:42 AM
Re: None Post # of 193872
FFGO - Gold pushing $1730 this morning. Will see the other side of $1800 soon. Preferreds continue to increase in value. Assets they back continue to increase in value!
Tic Toc
paunch13 Share Friday, January 27, 2012 10:00:59 AM
Re: SevenTenEleven post# 193865 Post # of 193872
Seven
I expect gold to run up to past $ 2,000.00 in the near future and I am wondering how high gold will need to go before they sell the properties
John
SevenTenEleven Share Friday, January 27, 2012 10:11:59 AM
Re: paunch13 post# 193866 Post # of 193872
Hard to tell. They did not disclose a price for gold that would trigger a sale of the assets. Ron L. Paid $0.0035/share for his commons. Doubtful he will be settling for less than $0.0035 for his preferreds.
Let's hope they restructure the deal and increase the cash value of the dividend.
Tic Toc
SevenTenEleven Share Friday, January 27, 2012 10:18:52 AM
Re: lucvuillermoz post# 193870 Post # of 193872
the reality is yany lowenthal is interested by gendarme naked short seller in order to increase his position like in rens game . - lucvuillermoz
So is gendarme responsible for naked short selling FFGO?
Tic Toc
Lebron23 Share Friday, January 27, 2012 12:05:14 PM
Re: superdow post# 193836 Post # of 193878
superdow, I think you answered your own question. Obviously, the number of posts here demonstrate that this company is alive.
Goooooooooooooooooooooooooo FFGO!
The posters who believe a dividend will be paid are very impressive. Their knowledge and analytical abilities are outstanding.
paunch13 Share Friday, January 27, 2012 12:11:23 PM
Re: Lebron23 post# 193873 Post # of 193878
Lebron23
I agree 100 % ,and I will repeat it again, The more they post the more alive FFGO is and one day soon the divis will be paid
John
AlanC Share Friday, January 27, 2012 12:22:34 PM
Re: paunch13 post# 193875 Post # of 193878
The only negative thing I can see that the SEC has done with regards to FFGO was to revoke the registration. For all we know that in fact could be a good thing as it locked all the players in with no escape possible. If there was wrongdoing on the part of any of the players involved they would have been charged. The sister company was in fact investigated by the SEC and it was the previous management that was charged, not the current folks or any of the folks connected to FFGO. The regulators have had 7 years to bring charges and have not. With all the complaints filed by the naysayers it would seem to me if the tiniest possibility of wrongdoing existed charges would have been filed by the SEC years ago. Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Friday, January 27, 2012 12:29:07 PM
Re: Vianna post# 190260 Post # of 193878
Fortress - Interesting dates and DD!
System Ammendment 12/02/2011
2011 Original Annual Report 11/21/2011
Tic Toc
paunch13 Share Friday, January 27, 2012 12:37:03 PM
Re: AlanC post# 193876 Post # of 193881
AlanC
It is my opinion that the naysayer’s should have been charged and sent to prison, for trying to destroying the economy of the USA
John
alien42 Share Friday, January 27, 2012 12:35:32 PM
Re: SevenTenEleven post# 193878 Post # of 193882
2011 Original Annual Report 11/21/2011
say what?
are you suggesting that FFGO has filed an annual report when they haven't?
that sure is deceptive.
SevenTenEleven
Friday, January 27, 2012 12:58:11 PM
There is an interesting development over at State of Wyoming SOS. There is a Fortress Holdings, LLC Created in Dec of 2010, and filed a 2011 Tax return on November 21, 2011. The address if a PO box in Lakewood Ranch, FL
https://wyobiz.wy.gov/Business/FilingDetails.aspx?FilingNum=2010-000593357
briantek Share Friday, January 27, 2012 12:59:27 PM
Re: AlanC post# 193876 Post # of 193884
"For all we know that in fact could be a good thing as it locked all the players in with no escape possible."
You hit the nail on the head. IF this ever pays out dividends the holders will not have to worry about the revocation.
IMO
Briantek
alien42 Share Friday, January 27, 2012 1:04:26 PM
Re: briantek post# 193882 Post # of 193883
a stock revoked for not filing with the SEC can not issue a dividend unless they complete the 211 process and become registered again (which won't happen here).
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70026748
SevenTenEleven Share Friday, January 27, 2012 1:12:08 PM
Re: briantek post# 193882 Post # of 193886
Agreed! Those who are familiar with asset protection would know best!
Thanks for posting the facts!
Tic Toc
briantek Share Friday, January 27, 2012 1:13:01 PM
Re: alien42 post# 193883 Post # of 193887
I m not gonna get in a pizin match with you... I know they can as I work the industry... Besides NMGL would hold and pay out the divis so... next time u hop on the "gotta prove a point" bandwagon... check u'r facts.
IMO
Briantek
briantek Share Friday, January 27, 2012 1:15:51 PM
Re: SevenTenEleven post# 193885 Post # of 193887
Absolutely! I am in for more than "V" and well... We will someday look back and LAUGH at these "bandwagon" boys n girls.
IMO
Briantek
P.S. WTF is with the conversations here lmao... fka FFGO and has enough conversation to seem like it trades 50 Mill a day lol... I think the horse is dead... on to the next... NMGL ;}
SevenTenEleven Share Friday, January 27, 2012 1:22:07 PM
Re: briantek post# 193882 Post # of 193888
I have my skin in the game and would have added more if ETrade would have filled my buy orders while were were trading on the greys. With billions of shares for sale before the suspension, I should have been filled immediately!
Billions of shares short. How are they going to cover unless they get shareholders to ask their brokers to remove their shares from their accounts and write them down as worthless.
Tic Toc
briantek Share Friday, January 27, 2012 2:00:11 PM
Re: SevenTenEleven post# 193888 Post # of 193893
Lots of people did that this year I am sure... for the write off... thus virtually handing shares back to cover shorty ;}
GLTA
IMO
Briantek
briantek Share Friday, January 27, 2012 2:06:52 PM
Re: alien42 post# 193891 Post # of 193903
OK... I will say this, you are correct FFGO being revoked will not be able to have a public offering or dividend...
HOWEVER what does your being correct about this have to do with the divi... as I said... "Besides NMGL would hold and pay out the divis so..."
I have confirmed my FFGO shares are physically in my account and my divi shares from the FFGO holding are "on book"! (confirmed when they had a IR firm... good luck now lol) How are your shares doin?
IMO
Briantek
briantek Share Friday, January 27, 2012 2:12:58 PM
Re: alien42 post# 193891 Post # of 193903
Hey... here is an offer to make it stop... since the record date was set... (no X-date yet) I am willing to GIVE YOU the physical certs for 329,345,877 shares... ALL the certs from the record date forward and worthless and not needed... NMGL sets an X-Date... WE will be paid... thats all I care about. I GOT MINE!
IMO
Briantek
SevenTenEleven Share Friday, January 27, 2012 3:20:26 PM
Re: alien42 post# 193898 Post # of 193906
Sorry! But my borkers both confirmed that shares of FFGO are still in my account. Revocation doesn't cause shares to just disappear. Why would one insist that shareholders no longer have shares in their account?
Also, claims that manditory writeoffs would be forced by the IRS have been proven to be false also. Why would one insist on claimIng that shareholder must writeoff their shares?
Tic Toc
briantek Share Friday, January 27, 2012 3:20:42 PM
Re: ctrumabll post# 193903 Post # of 193906
"unfortunates" ... I consider myself fortunate to at least have the opportunity... I love the LOTTO! lol
IMO
Briantek
Besides... How can we all have a public open discussion with posts being deleted... Don't speak u'r mind... your post will be deleted... UNREAL!
IM Out ;{
SevenTenEleven Share Friday, January 27, 2012 3:33:39 PM
Re: alien42 post# 193906 Post # of 193908
FFGO no longer exists and that is a fact. you can not own what does not exist. - alien42
Fortess still exists. Revocation of the stock's registration with the SEC does not dissolve the company, nor does it make the shares in one's account "DISAPPEAR" and 'MANDATE WRITE-DOWNS"!
Tic Toc
Lebron23 Share Friday, January 27, 2012 3:41:58 PM
Re: alien42 post# 193906 Post # of 193910
If FFGO "no longer exists"...don't worry about it.
SevenTenEleven Share Friday, January 27, 2012 3:45:17 PM
Re: alien42 post# 193909 Post # of 193911
nope, that happens next week when the state of Wyoming dissolves Fortress Financial. - alien42
And even if the company choses to allow the State of Wyoming dissolve the corporation, the State of Wyoming's Statutes will allow for them to distribute the dividend.
It is in BLACK and WHITE in the Statutes.
17-16-1405. Effect of dissolution.
(a) A dissolved corporation continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including:
(i) Collecting its assets;
(ii) Disposing of its properties that will not be distributed in kind to its shareholders;
(iii) Discharging or making provision for discharging its liabilities;
(iv) Distributing its remaining property among its shareholders according to their interests; and
(v) Doing every other act necessary to wind up and liquidate its business and affairs.
(b) Dissolution of a corporation does not:
(i) Transfer title to the corporation's property;
(ii) Prevent transfer of its shares or securities, although the authorization to dissolve may provide for closing the corporation's share transfer records;
(iii) Subject its directors or officers to standards of conduct different from those prescribed in article 8;
(iv) Change quorum or voting requirements for its board of directors or shareholders; change provisions for selection, resignation, or removal of its directors or officers or both; or change provisions for amending its bylaws;
(v) Prevent commencement of a proceeding by or against the corporation in its corporate name;
(vi) Abate or suspend a proceeding pending by or against the corporation on the effective date of dissolution; or
(vii) Terminate the authority of the registered agent of the corporation.
http://legisweb.state.wy.us/statutes/statutes.aspx?file=titles/Title17/T17CH16.htm
I can't see how such an important FACT could be overlooked.
Good Luck!
AlanC Share Friday, January 27, 2012 4:19:33 PM
Re: SevenTenEleven post# 193911 Post # of 193913
seventeneleven: I own shares in a company that was revoked years ago that also had a huge naked short. Amazingly this company is in the process of rising from the dead and what I am being told is that it will be trading again soon. Now those who were short I am sure figured they were home free. Ya just never know what the outcome of these situations will be. The good news is that my broker has kept the marker for my shares sitting in my account all these years. I think 2012 is going to be a very good year for folks that own markers in their accounts. Go FFGO!!!
Dividends of 3400%+ are awesome!
SevenTenEleven Share Friday, January 27, 2012 4:23:45 PM
Re: AlanC post# 193913 Post # of 193917
AlanC, I agree! Wish I would have been able to buy more before FFGO was revoked!
paunch13 Share Friday, January 27, 2012 4:28:55 PM
Re: SevenTenEleven post# 193914 Post # of 193917
Seven
I believe we all, the shareholders feel that same way and I am still wanting to buy more and I believe that may be possible when they file the necessary paperwork
John
wrj Share Friday, January 27, 2012 4:55:45 PM
Re: alien42 post# 193916 Post # of 193917
Use of the word 'scam' is strictly your opinion and should be stated as such. Many of us here do not have that opinion. Could be legal action is in the works against those naked short FFGO. There will be no write off here. IMO shorts will be made to pay back the money they stole from retail investors. Several of us have actual Bouse Gold to remind us why we are here. Perhaps I should send you a sample?
SevenTenEleven Share Friday, January 27, 2012 5:39:52 PM
Re: briantek post# 193893 Post # of 193921
I would suspect that the company hired the best lawyer(s) to create a situation to protect the company's assets.
Looking forward to our DIVIDEND!
Tic Toc
SevenTenEleven Share Friday, January 27, 2012 7:24:15 PM
Re: briantek post# 193895 Post # of 193927
I got mine also! Not all in cert form though.
If my brokers would like to close out my positions, they could do so for $0.010347/share.
I think that is one hell of a bargain!
Tic Toc
Hey... here is an offer to make it stop... since the record date was set... (no X-date yet) I am willing to GIVE YOU the physical certs for 329,345,877 shares... ALL the certs from the record date forward and worthless and not needed... NMGL sets an X-Date... WE will be paid... thats all I care about. I GOT MINE!
IMO
Briantek
SevenTenEleven Share Friday, January 27, 2012 7:33:14 PM
Re: puppydotcom post# 193924 Post # of 193927
The State of WYO will have nothing to do with FFGO, except to dissolve the corporation.
The State of WYO will not liquidate anything. The company must initiate or the courts must initiate the distribution of any assets ( providing there are any ) FFGO is an abandoned, revoked, empty shell with ZERO assets. The WD mining stock has reverted back to the note holders for default. FFGO management is gone, the stock is revoked and no one will ever hear from FFGO ever again
I repeat, the State Of WYO will have nothing to do with FFGO.
In 6 month, 12 months or 5 years from now - FFGO will still be gone and share holders will have received nothing
making up rumors and wild speculation will never change the fact
.. share holders were taken for a royal rife on the So African/United Kingdom railroad
As of today .. the contrary opinion of this worthless company has been 100% spot on - puppydotcom
Please provide proof that the WD stock has reverted back to the note holders for default.
NO FILINGS! NO PROOF!
Good Luck!
wrj Share Friday, January 27, 2012 7:30:50 PM
Re: puppydotcom post# 31030 Post # of 31032
As per your own statement, quoting Fortress, FFGO will also pay dividend. HGLC still trades because litigation is not over. Shareholders will get paid!! Oh wait!!! HGLC still trades!!!
SevenTenEleven Share Friday, January 27, 2012 7:52:39 PM
Re: puppydotcom post# 193928 Post # of 193929
please provide proof the assets were not returned to note holders for default ( the agreement clearly provides the proof and description of default between FFGO/WD and NMGL )
why not pick up the phone, email or write FFGO management and ask them yourself
Oh Wait!!! - puppydotcom
All speculation by those making claims that the assets were returned. Not one shred of proof that any exercised any clauses in the filings to cancel the deal. NOT ONE!
If there was an email or written proof, but there is not!
Company warned about anonymous claims with no proof to back up those claims. Company was/is well aware of intent to harm the company, its officers, and its shareholders.
Fact is, company hired lawyers to protect their assets and their vested interest. Insiders are the largest shareholders. The rest of us small fish go along for the ride.
Those short need to cover at all costs! They will not rest until they are able to influence shareholders to take total tax losses and write down their shares. This is the only way they will be able to close out those electronic markers!
Good Luck!
wrj Share Friday, January 27, 2012 8:30:22 PM
Re: puppydotcom post# 31032 Post # of 31033
I don't know what your problem is but HGLC still trades and has dividends coming to shareholders. Shorts will get roasted and longs will be rewarded.
Anvil Share Friday, January 27, 2012 9:43:03 PM
Re: None Post # of 193931
Thankfully, enough holders wrote off their shares and I covered my nss. Wasn't a large position, just 70 billion shares. Feel much better and the wallet is a horn of cornucopia.
briantek Share Friday, January 27, 2012 10:41:47 PM
Re: SevenTenEleven post# 193918 Post # of 193935
SevenTenEleven... thats what all the hub bub was bub lol
OK... How long did it take FFGO to be revoked?... assetts transferred and everyone in the physical transfer surrounding the mines ... is happy...
Next step... wait till gold hits 2,000 and stays there...
Next step... find a buyer that will uphold the bargain they set into motion...
Next step... pay out the dividend and finally close the company properly...
Time frame... again... how long did it take for FFGO to be revoked?
Thats how long we got! If gold doesn't hold UP... and we don't find a buyer... expect NMGL to R/S say 1 for 250 and become a reverse merger canidate because of its assetts...
That happens... the new company has to sell the mines and payout to satisfy the divi declaration... OK... we get a chitty 1 to 250 but hey... WE GET PAID!
Don't y'all know the pinkie game by now?
IMO
Briantek
Tic toc
briantek Share Friday, January 27, 2012 11:46:26 PM
Re: puppydotcom post# 31032 Post # of 31035
See what u r lookin for is right here...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71429168
HGLC will R/S in the near future doin the same thing FFGO did...
Make nicey with searchlight and get their claims and equipment back... the R/S will make it an attractive reverse merger candidate and well... the incoming owner... if they do the right thing... will honor the past divies and sell off the claim assets...
Pinkie 101... time frame??? click the link above for that...
IMO
Briantek
5T WD haha
BMFL<OD
next week(s) is here
Last edited by Bull Finch (2012-01-27 23:08:11)
Offline
Anvil Share Friday, January 27, 2012 9:43:03 PM
Re: None Post # of 193931
Thankfully, enough holders wrote off their shares and I covered my nss. Wasn't a large position, just 70 billion shares. Feel much better and the wallet is a horn of cornucopia.
5T WD haha
BMFL<OD
next week(s) is here
Offline
Anvil Share Friday, January 27, 2012 9:43:03 PM
Re: None Post # of 193931
Thankfully, enough holders wrote off their shares and I covered my nss. Wasn't a large position, just 70 billion shares. Feel much better and the wallet is a horn of cornucopia.
briantek Share Saturday, January 28, 2012 7:58:24 AM
Re: lucvuillermoz post# 193936 Post # of 193948
Sorry my friend you won't be able to sell as there is no value (or market) to the FFGO stock other than the proposed dividend.
FKA = Formerly Known As FFGO ... REVOKED stock can't trade ;{... Or I would buy them from you in a heartbeat ;}
IMO
Briantek
wrj Share Saturday, January 28, 2012 12:30:32 PM
Re: puppydotcom post# 193939 Post # of 193948
"defunct empty revoked dirty shell" ~ puppydotcom
Being naked short FFGO/HGLC is obvious 24/7!! It's about time to pay. How may billions of shares short we will soon find out.
SevenTenEleven Share Saturday, January 28, 2012 1:14:51 PM
Re: puppydotcom post# 193942 Post # of 193948
perhaps the facts about the management running away 18 months ago and share holders have no contact numbers - the stock has been revoked - the state of WYO will be dissolving the corp - puppydotcom
Avoiding acknowledgement of the Wyoming Statutes doesn't change them. Statutes make it very clear that dissolution of a company does not prevent distribution of assets due shareholders.
Not sure why this FACT is overlooked and/or nullified.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71418491
November 21, 2011 is an interesting date to keep an eye on. It may have no connection, or it may have everything to do with further protecting our dividend.
Good Luck!
SevenTenEleven Share Friday, January 27, 2012 3:45:17 PM
Re: alien42 post# 193909 Post # of 193948
nope, that happens next week when the state of Wyoming dissolves Fortress Financial. - alien42
And even if the company choses to allow the State of Wyoming dissolve the corporation, the State of Wyoming's Statutes will allow for them to distribute the dividend.
It is in BLACK and WHITE in the Statutes.
17-16-1405. Effect of dissolution.
(a) A dissolved corporation continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including:
(i) Collecting its assets;
(ii) Disposing of its properties that will not be distributed in kind to its shareholders;
(iii) Discharging or making provision for discharging its liabilities;
(iv) Distributing its remaining property among its shareholders according to their interests; and
(v) Doing every other act necessary to wind up and liquidate its business and affairs.
(b) Dissolution of a corporation does not:
(i) Transfer title to the corporation's property;
(ii) Prevent transfer of its shares or securities, although the authorization to dissolve may provide for closing the corporation's share transfer records;
(iii) Subject its directors or officers to standards of conduct different from those prescribed in article 8;
(iv) Change quorum or voting requirements for its board of directors or shareholders; change provisions for selection, resignation, or removal of its directors or officers or both; or change provisions for amending its bylaws;
(v) Prevent commencement of a proceeding by or against the corporation in its corporate name;
(vi) Abate or suspend a proceeding pending by or against the corporation on the effective date of dissolution; or
(vii) Terminate the authority of the registered agent of the corporation.
http://legisweb.state.wy.us/statutes/statutes.aspx?file=titles/Title17/T17CH16.htm
I can't see how such an important FACT could be overlooked.
Good Luck!
SevenTenEleven Share Saturday, January 28, 2012 1:18:31 PM
Re: wrj post# 193941 Post # of 193948
Those market makers and brokers who are gaming the system with logarithms and ex-clearing will soon be busted for RICO and conspiracy to commit fraud. I would hope that the shareholders are compensated accordingly.
I have plenty of shares, I mean electronic place markers, in my brokerage accounts. If those responsible for naked short selling them to me would like to close out their positions, they are free to make an offer to me. Nothing below $0.010347/share will be entertained.
Tic Toc
SevenTenEleven Share Saturday, January 28, 2012 1:29:52 PM
Re: Doubleday post# 193938 Post # of 193948
Shell scams are awesome! - Doubleday
Shorty once would agree. For years he has been naked short selling and pocketing 10's of billions of dollars at the expense of the companies he has targeted and the shareholders he has convinced to buy at the highs and sell at the lows.
One of Shorty's favorite targets appears to be Lumb and anything alleged to be linked to him. Wonder why? Is it possible Shorty has an ax to grind with Lumb et al?
I have been reassured by my brokers that my shares remain in my account, and will remain until I choose to do something with them. They have also made it clear that revoked companies can distribute liquidation dividends. A simple notification from the DTCC is all the broker needs to distribute such dividends.
FINRA has made it very clear that Wyoming Statutes will govern FFGO at all times! If Wyoming says a dividend can be distributed, then both FINRA and the SEC are required to consider what is stated in the Wyoming Statutes. The same statutes which are not being addressed by all parties.
Those short have been given enough warning from the company. They have also had their warnings from FINRA and the SEC. Just ask UBSS and Credit Suisse.
Soon, they will be hearing warnings from the IRS. The SEC is a paper tiger compared with the IRS.
Tic Toc
Lebron23 Share Saturday, January 28, 2012 1:45:45 PM
Re: newtrader2007 post# 193930 Post # of 193948
We're big boys and girls...don't worry about it.
Lebron23 Share Saturday, January 28, 2012 1:47:03 PM
Re: Nitwit post# 193927 Post # of 193948
Nitwit, your focus should be on NMGL. Not FFGO.
fourkids_9pets Share Saturday, January 28, 2012 1:30:30 PM
Re: fourkids_9pets post# 8306 Post # of 8307
which is why conditioning by rote posts
had to adjust from 2007s' *standard*
party line that NSS didn't exist so no
penny stocks couldn't be shorted
that *adjustment* had to come to pass
when that project chris cox publicly
admitted in 2008 in his role as the
chairman of the sec ~ that yep indeedy
NSS clearly existed .. making those of us
who are *retail and NOT PROS*
(or connected via those non disclosed 3rd parties)
*somewhat* aware of NSS back in 2008
curious as to what *new* talking points
would evolve via rote posts ..
what has also been fascinating to observe
is the rise of the *colluding* hit pieces
that now appear upon command as well as the
well timed blog entries and exactly who authors them
in connection to documented trading data of the specific
co.s that are targeted ..
which is why only a trial will expose this cretinous filth
and who is financially benefiting from *clearly* orchestrated events
===
4kids
all jmo
5T WD haha
BMFL<OD
next week(s) is here
Last edited by Bull Finch (2012-01-28 13:13:19)
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