Yep, been waiting a little while for news. Glad it's good. Now, just hit that extra 20 million buyback, finish the acquisitions, and get a good quarterly profit report and it should shine.
"All things come to he who waits."
Posted by m69jump on :
197 mill v it's the hot stock jmo........
Posted by gumzsa on :
Maybe this POS still has hope.lol. I still have my milly lotto ticket.
Company's CEO Confirms Substantial Personal Stock Purchases
NEW YORK, NY--(MARKET WIRE)--Jul 1, 2008 -- Fortress Financial Group, Inc. (Other OTC:FFGO.PK - News) confirms that its Chief Executive Officer. Alan Santini, has acquired an amount of 2,400,000,000 "free trading" shares of the Company's Common Stock at a price of US$0.0001 per share.
Alan Santini holds an additional amount of 1,500,000,000 restricted shares of the Company's stock as disclosed in a filing with the SEC on January 22, 2008.
Alan Santini will be filing an updated schedule of his holdings with SEC.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. Upon the closure of the Trinity Mercantile Finance and the Mortgage Bank acquisitions; Fortress Financial Group, Inc. will expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage Division" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing is substantial Balance Sheet of circa US$1billion comprised of quoted and unquoted Gold Mining & Exploration stocks; to aggressively fund a large number of acquisitions in the consumer financial services sector; initially focused on the Mortgage Lending and Banking sector.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Posted by SeekingFreedom on :
My question to those who may be able to decipher PR's better than I is how are they spending over $200 mil to buy back 16 billion shares when the per share price is only .0001?
Or did I read that wrong?
Posted by TruthLiesWithin on :
Wow.
So I have Hunt's gold too, and I thought the comma was in the wrong place for number of shares, but this whole gold gang is doing some big talking.
I know there are people pissed at all these companies related, but it seems they all are trying to make a push for something, what that is I don't know, but it sure is getting interesting.
I threw HGLC $500.... Who has the $700,000,000 in gold assets?
This is nuts.
Posted by gumzsa on :
Fresh News. More stock repurches. Man if this keeps up we might have a chance here. Still a lot of shares out though.
Fortress Financial Group, Inc. -- Further Stock Repurchases
Company Confirms That a Further 17.84% of Its Outstanding Shares of Common Stock Have Been Repurchased and Cancelled
NEW YORK, NY, Jul 10, 2008 (MARKET WIRE via COMTEX) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the Company has repurchased an additional amount of 7,660,000,000 "free trading" shares of its Common Stock on July 8, 2008 and on July 9, 2008. The amount of 7,660,000,000 "free trading" shares of Common Stock are now being cancelled by the Company's Transfer Agent. This represents a further 17.84% reduction in the Company's outstanding shares of Common Stock.
The total cost to date of this repurchase of the Company's shares of Common Stock was in the amount of US$110,610,500.
On July 7, 2008, the Company announced that it had repurchased and cancelled an amount of 16,209,083,248 shares of its Common Stock at a cost of US$204,456,256.
The Company has to date, repurchased and cancelled an amount of 23,869,083,248 shares of its Common Stock at a total cost in the amount of US$315,066,756.
The Company's outstanding shares of Common Stock as at July 10, 2008 are now in the amount of 35,281,766,809. The Company has to date, reduced its outstanding shares of Common Stock by an amount of 40.35%.
The Company's Net Asset Value at July 10, 2008 is valued in the amount of US$500,270,294. This translates into a Net Asset Value per Share in the amount of US$0.01418 (1.42 cents) based upon the number of the Company's outstanding shares of Common Stock now being in the amount of 35,281,766,809. This compares to market price per share of Common Stock in the amount of US$0.0001. This valuation excluded the value of the Company's intangible assets and the Company's stockholdings in St James Capital Holdings, Inc.
The Company has marked down its valuation in respect of its stockholdings in Hunt Gold Corporation to a price of US$0.001 per Hunt Gold Corporation share; for the purposes of this calculation.
The Company intends to continue its buyback of its shares of Common Stock; and remains extremely committed to a vastly reduced number of its outstanding shares of Common Stock and a considerably diminished "free float."
The Company is filing a very detailed Form 8-K with the SEC in and during today, in respect of these transactions.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. Upon the closure of the Trinity Mercantile Finance and the Mortgage Bank acquisitions, Fortress Financial Group, Inc. will expedite its plans to become a broadly based Consumer Finance Group. The "Mortgage Division" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing its substantial Balance Sheet of circa US$500 million comprised of quoted and unquoted Gold Mining & Exploration stocks, to aggressively fund a large number of acquisitions in the consumer financial services sector; initially focused on the Mortgage Lending and Banking sector.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact:
Fortress Financial Group, Inc. Alan Santini Chief Executive Officer
SUBJECT CODE: Manufacturing and Production:Mining and Metals
Posted by SeekingFreedom on :
Ok, still confused...
7,660,000,000 shares with the current market value of .0001 doesn't equal US$110,610,500.
How are they getting these numbers?
Posted by PCola77 on :
They say "to date", so that's not just the 7.7bil from this round, it also includes the other 20bil from apparently previous buybacks. Numbers still don't even approach making sense though.
Posted by SeekingFreedom on :
quote:Originally posted by PCola77: They say "to date", so that's not just the 7.7bil from this round, it also includes the other 20bil from apparently previous buybacks. Numbers still don't even approach making sense though.
Glad to know it's not just me. Posted by TruthLiesWithin on :
Any of you have HGLC?
This web of uncertainty is pretty large, and it seems all angles of this company are putting out some serious PR's...
If any of the PR's are bogus, they are pretty much writing a life sentence, so I assume they are getting serious.
On another note, the numbers they speak of per the buyback is based on a share price of .001 and not .0001???? I think I read this somewhere and will try to find it.. It makes the valuation of the buyback, more significant than the actual money paid for the shares.... At least that is my take, not a CPA, and not trying to be one:)
Posted by SeekingFreedom on :
On July 8, 2008 the Company purchased an amount of 500,000,000 "free trading" shares of its Common stock at a price of US$0.01444 per share of Common Stock. This pricing being based upon the Company's Net Asset Value per share as at July 7, 2008. The cost of this repurchase was in the amount of US$7,220,000.00. This was settled through the transfer of an amount of 6,016,666,667 restricted shares of the Company's stockholding in Hunt Gold Corporation (HGLC.PK) and at a price of US$0.0012 per share of Hunt Gold Corporation's Common Stock; to the vendors of these "free trading" shares of the Company's Common Stock. This is calculated at the Hunt Gold Corporation's market price of US$0.0012 per share on July 3, 2008.
The Company has instructed its Transfer Agent to cancel these shares of the Company's Common Stock and in the amount of 500,000,000 "free trading" shares of Common Stock.
On July 8, 2008 and on July 9, 2008, the Company purchased an additional amount of 7,160,000,000 "free trading" shares of its Common stock at a price of US$0.01444 per share of Common Stock. This pricing being based upon the Company's Net Asset Value per share as at July 7, 2008. The cost of this repurchase was in the amount of US$103,390,500. This was settled through the transfer of an amount of 177,494,421 Ordinary Shares of Western Diversified Mining Resources, Inc.'s stockholding in Bouse Mining Holdings plc and at a price of US$0.5825 per share of Bouse Mining Holdings plc Ordinary Stock; to the vendors of these shares of the Company's Common Stock.
The Company has instructed its Transfer Agent to cancel these shares of the Company's Common Stock and being in the amount of 7,160,000,000 "free trading" shares of its Common Stock.
Posted by Upside on :
If ever I've seen the next monumental scam, this is it. An a/s of 5 TRILLION and an o/s of 35 billion. Somewhere there's value here? This one is shaping up to be 10 times what CMKX ever was.
Posted by glassman on :
quote:Originally posted by Upside: If ever I've seen the next monumental scam, this is it. An a/s of 5 TRILLION and an o/s of 35 billion. Somewhere there's value here? This one is shaping up to be 10 times what CMKX ever was.
what are you trying to say exactly?
Posted by boneyardjeep on :
Could you enlighten me ???? CMKX? And do you think that now would be a good time to buy a little more???
Posted by glassman on :
IMO? Seeking Freedom is asking the exact right questions.
the numbers don't make sense to me either... they SEEM to me to be buying common shares with other shares and then assigning values to them that are "creatively derived". i'm not an accountant, so i can't be 100% sure...... but if if you subtract the share price from 100%?.....
On July 8, 2008 and on July 9, 2008, the Company purchased an additional amount of 7,160,000,000 "free trading" shares of its Common stock at a price of US$0.01444 per share of Common Stock. This pricing being based upon the Company's Net Asset Value per share as at July 7, 2008. The cost of this repurchase was in the amount of US$103,390,500. This was settled through the transfer of an amount of 177,494,421 Ordinary Shares of Western Diversified Mining Resources, Inc.'s stockholding in Bouse Mining Holdings plc and at a price of US$0.5825 per share of Bouse Mining Holdings plc Ordinary Stock; to the vendors of these shares of the Company's Common Stock. Posted by glassman on :
Company Confirms Transaction in Respect of Its Remaining Two Gold Mining & Exploration Projects NEW YORK--(Business Wire)--Fortress Financial Group, Inc. (PINKSHEETS: FFGO) is now in a position to confirm that it will be disposing of its interests in its two remaining Gold Mining & Exploration interests, those being Bouse Mining Holding Holdings plc ("the "Bouse Project") and Copperstone Mining Holdings plc ("the South Copperstone Project").
Fortress Financial Group, Inc. holds approximately 48% of these two Gold Mining & Exploration companies with the majority of the remaining outstanding shares being held by eligible Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) stockholders.
Company Notes Formerly=Great West Gold, Inc. until 10-07
In the famous words of Monty Python's knight in The Holy Grail "RUN AWAY RUN AWAY" TMAN...
Posted by IWISHIHAD on :
Interesting reading but does not make any sense to me either.
With that many shares would be hard to figure why they would buy them back you think they would just R/S.
Will have to watch to see what happens some of the weirder PR's but it is pinkie land.
Posted by SeekingFreedom on :
IMO? Seeking Freedom is asking the exact right questions.
I'm going to frame that, Glass.
Seriously though, from reading the link I posted I have a question that some of you that have been doing this longer may clear up for me.
If they are having to buy the free floating stock from companies that I assume invested in them to take FFGO public, won't they have\want to pay them per share based on that percentage of the company's current asset worth is?
If so, that could explain the discrepency of the numbers...if not...we'll I'm still lost. Posted by Romeo on :
this company is full of b/s....
Posted by SeekingFreedom on :
My question for today on these guys is more a definition of what they mean...
The Company is pursuing its new policy of issuing Convertible Loan Notes, convertible into shares of the Company's stock over time, based upon the profit performance of each and every acquisition. These conversions into shares of the Company's Common Stock will be priced upon the Company's stock price at the time of these conversions into stock over the next few years.
This is designed to continue the Company's policy of drastically reducing its number of outstanding shares of Common Stock, and not to follow its previous policy of issuing huge amounts of shares of the Company's Common Stock.
How does convertible loans notes work? And how does this not increase the number of shares outstanding?
Posted by glassman on :
Private Investment in Public Equity - PIPE
A private investment firm's, mutual fund's or other qualified investors' purchase of stock in a company at a discount to the current market value per share for the purpose of raising capital. There are two main types of PIPEs - traditional and structured. A traditional PIPE is one in which stock, either common or preferred, is issued at a set price to raise capital for the issuer. A structured PIPE, on the other hand, issues convertible debt (common or preferred shares). Investopedia Says... This financing technique is popular due to the relative efficiency in time and cost of PIPEs, compared to more traditional forms of financing such as secondary offerings. In a PIPE offering there are less regulatory issues with the SEC and there is also no need for an expensive roadshow, lowering both the costs and time it takes to receive capital. PIPEs are great for small- to medium-sized public companies, which have a hard time accessing more traditional forms of equity financing.
now go look up "toxic financing" and "death spiral"
Posted by glassman on :
The deal seems straightforward enough—although it can take many forms. The financiers will give the company money in exchange for a convertible debenture, preferred or equity line at a discount to the market price of the shares. The key here is that the conversion rate/price is not fixed, and in some cases there is a share price level, usually significantly below current market that will stop the advancement of a larger second tranche of funds.
My stock will never get that low, concludes the CEO, confident that this deal will save his company. What he doesn’t know is that these sharks have likely found the company not based on the potential of the technology, but on the capital structure and the potential to whack the crap out of the share price and make them and their buddies a crap-load of fast money.
The result will likely be the complete destruction of the company at most, massive crippling dilution for the shareholders at least and likely land the whole thing in litigation. A handful out of hundreds of company that go down this road actually prosper, but not before a lot of financial pain for everyone other than the ‘good samaritans’ that structure these toxic deals.
Without fixed pricing, the financiers and their buddies make their money by pounding the shares through shorting—usually of the naked variety-- and, once the price has been decimated (the dreaded death spiral) convert their debenture, preferred —whatever—into ridiculously cheap shares to cover their massive short sales. Usually, the lower the price, the more shares they get courtesy of a favorable value/conversion rate.
i would add that often? the insiders are doing as much or more dilutive "offering" of shares as the 'good samaritans’ that structure these deals. of course they blame the 'good samaritans’ and promise to try to do better next time Posted by SeekingFreedom on :
Ok, that sort of makes sense...but how can these deals short a stock already at .0001?
Posted by glassman on :
dilution is the only thing they can do... remember that .0001 is not the lowest price jus the lowest RETAIL price...
they can sell 1,000,000 shares to the MM's for 70$ and the MM's can sell at .0001 for a 25% profit (deducting expenses)
Posted by gumzsa on :
This thing might have a chance. LOL.I am holding on to my lotto ticket to see how this pans out. Ive never seen a company buy back so many shares. We are talking billions.They are even filing it with the SEC. Hopefully this turns POS to a diamond.
Fortress Financial Group, Inc. - Further Stock Repurchases Monday 07/21/2008 10:09 AM ET - Market Wire
As of 3:56 PM ET 7/21/08 Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the Company has repurchased additional amounts of its "free trading" shares of its Common Stock on July 16, 2008, July 17, 2008 and on July 18, 2008.
The Company repurchased an additional amount of 1,986,388,992 shares of its "free trading" stock at a price of US$0.0001 per share on July 16, 2008, July 17, 2008 and on July 18, 2008. The Company will be instructing its Transfer Agent to cancel these shares of its Common Stock. This represents a further 5.63% reduction in the Company's shares of its outstanding Common Stock. These repurchases were settled in cash.
The Company's outstanding shares of Common Stock as at July 21, 2008 are now in the amount of 33,295,377,817. The Company had as at July 21, 2008, reduced its outstanding shares of Common Stock by an amount of 43.8% in the last month.
The Company will continue to repurchase "free trading" shares of its Common Stock today, being July 21, 2008 and will continue to do so, thereafter.
The Company's Net Asset Value per share as July 21, 2008 is now in the amount of 1.53c per share of the Company's Common Stock. The trading price of the Company's stock as at July 18, 2008 was in the amount of US$0.0001 per share. The value of the Company's stockholding in St James Capital Holdings, Inc. and the Company's intangible assets have been excluded from this calculation.
The Company is in discussions with a large number of interested parties to dispose of its indirect stockholdings in Hunt Gold Corporation for cash; and in the amount of 483,750,099 shares of its stock; and at a price of no less than 2c per share. This will value this stockholding in the amount of US$9,675,002. The Company has however used Hunt Gold Corporation's trading price as at July 18, 2008, being US$0.0055 per share, in respect of its Net Asset Value per Share Calculation.
The Company directly owns an additional amount of 1,363,588,873 restricted shares of Hunt Gold Corporation Common Stock. At its closing price on July 18, 2008 of US$0.0055 per share, this holding is worth an additional US$7,499,738.
The Hunt Gold Corporation stockholding owned by the Company is currently worth as much as five time times the Company's Market Capitalization as at July 21, 2008.
The "break up" value of the Company, as at July 21, 2008 is now at least 152 times its current market price.
The Company intends to continue its buyback of its shares of Common Stock; and remains extremely committed to a vastly reduced number of its outstanding shares of Common Stock and a considerably diminished "free float."
The Company is filing a very detailed Form 8-K with the SEC on Monday July 21, 2008 in respect of the share buybacks on July 16, 2008, July 17, 2008 and on July 18, 2008; as well as setting out a very detailed explanation of its calculations in respect of its Net Asset per Share.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions, Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing its substantial Balance Sheet of circa US$500 million comprised of quoted and unquoted Gold Mining & Exploration stocks to aggressively fund a large number of acquisitions in the consumer financial services sector; initially focused in the Mortgage Lending and Banking sectors.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact:
Fortress Financial Group, Inc. Alan Santini Chief Executive Officer
NEW YORK, NY--(Marketwire - July 23, 2008) - Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the Company has repurchased additional amounts of its "free trading" shares of its Common Stock on July 21, 2008 and July 22, 2008.
The Company repurchased an additional amount of 1,000,000,000 shares of its "free trading" stock at a price of US$0.0001 per share on July 21, 2008 and on July 22, 2008, in the market. The Company will be instructing its Transfer Agent to cancel these shares of its Common Stock. This represents a further 3% reduction in the Company's shares of its outstanding Common Stock. These repurchases were settled in cash.
Another billion shares down...
Posted by SeekingFreedom on :
Fortress Financial Group, Inc. -- Extraordinary Dividend
Company to Distribute US$400 Million in Gold Assets to Its Stockholders as an Extraordinary Dividend
Not sure how this will break down per share...but it's a nice little bonus. Posted by Homersbud on :
Reminds me of that pos divy PNMS gave out for their land in South America...lol
$400m in gold assets, i bet...lol
Posted by WinsumLosesum on :
"This Extraordinary Dividend equates to an amount of 1.24c per share of Common Stock based upon the outstanding shares of the Company's Stock at July 24, 2008. "
I buy 1M shares for $100 or $200. and I get $12,400. Sounds fair.
Posted by tmanfromtexas on :
Are they taking a page from Pearl Asia? I ended up with 5b preferred shares of paim and was actually a millionaire on paper for about 2 days. CottonJim and I were doing some planning back in those days. LMAO. TMAN...
Posted by gumzsa on :
Of course this stock has scam written all over it but I think its worth throwing a couple hundred bucks at it. Just based on the L2 buying and the PR's and the fact they are filing with the SEC makes this a great lotto ticket.
I know I have my milly ticket. If it turns sour oh well. Whats 100-200 bucks loss in pinky land. Happens all the time. But if it turns out unbelivably lucky we could make g's.
Posted by Upside on :
quote:Originally posted by gumzsa: Of course this stock has scam written all over it but I think its worth throwing a couple hundred bucks at it. Just based on the L2 buying and the PR's and the fact they are filing with the SEC makes this a great lotto ticket.
I know I have my milly ticket. If it turns sour oh well. Whats 100-200 bucks loss in pinky land. Happens all the time. But if it turns out unbelivably lucky we could make g's.
Granted, 100 or 200 bucks probably isn't going to kill you but look at it this way. Take those same two 100 dollar bills, go into your bathroom, rip them up over the toilet and flush them down. No sane person would do that, right? Well, you've got better odds that the toilet will clog and regurgitate thousands than this thing ever returning a fraction of your money. Want proof? Put a market sell in for a few of your shares and watch them go at .0000something. It's a scam and they're playing every card out there to suck in novice and naive penny investors. Don't fall for it.
Posted by SeekingFreedom on :
Ok, still new at this so help me understand, what is their angle?
If it was simply a matter of trying to sell stocks to newbies like me, why would they do so much buy back of stock instead of r\s and then issue more? The dividend would make a great carrot at that point and they bring in the money.
Even if they are running some game, the dividend would be enough of a temptation to pull some into buying it. That should\could be enough to bump it up a couple of points and thus make for a quick double or triple of investment anyway no matter how the dividend plays out. Not a bad roi in the short term, isn't it?
Posted by gumzsa on :
Hey upside you are somewhat right. But you NEVER put in a market sell always a limit sell in pinks. On the negative side people who bought at .0001 can actually get out at .0001 now and just lose there commission. People who buy at .0002 can sell at .0001 and get back at least half there money back. Positive side is people that bought at .0001 make a 100% gain on every single uptick which looking at the L2 just might happen. The .0002's were getting pounded yesterday and if we can get to .0003's watch out. I'll tell you what I am in at .0001 and if those .0002's start thinning I'll smack them too.
Posted by PCola77 on :
there's your uptick. I didn't get any but was watching. Make sure to sell half at .0002 and ride freebies if you decide not to get all the way out.
Posted by metal1 on :
quote:Originally posted by SeekingFreedom: Ok, still new at this so help me understand, what is their angle?
If it was simply a matter of trying to sell stocks to newbies like me, why would they do so much buy back of stock instead of r\s and then issue more? The dividend would make a great carrot at that point and they bring in the money.
Even if they are running some game, the dividend would be enough of a temptation to pull some into buying it. That should\could be enough to bump it up a couple of points and thus make for a quick double or triple of investment anyway no matter how the dividend plays out. Not a bad roi in the short term, isn't it?
this isn't anything new. company after company in pink land 'retire' or 'repurchase' shares or issue amazing divs(you usually end up with worthless restricted stock in another scam company) it's 99.999999% of the time BS. it's basically a scam. since you're a newbie you can search the stocks here and find plenty of others that offer amazing this and amazing that..why do you think they are trading on the Pinks in the first place?? lol
Posted by SeekingFreedom on :
Ok, it closed at .0003 today on news of the dividend (I assume).
If this isn't new, metal1, could you explain how the other stocks like this played out? I understand a couple of the strategies that might be involved from watching a few pinks, but none of them seem to fit here.
If the CEO is stocking up in the company and he's a 10%+ shareholder, isn't he restricted in what he can dump and how fast as per the PR today? If they are taking shares off of the market won't that limit how many can be 'sold' by the company to new players and thus increase company money? I know this may be redundant, but where is the scam?
Posted by Homersbud on :
33b OS....how can anyone take them serious?
and the more stock they buyback, the more stock they can ultimately dump...and with pinky status, they don't need any sec filing. the CEO may not be selling his shares, but the company may sell without telling anyone...A/S remains at 5T. I cant believe that is even allowed.
Look into PNMS and their land divy, or PAIM and their divy, even BKMP gave a divy a couple yrs ago that still sits in my account with $0 value. These divys are completely worthless, every last one of them.
If you're in at 0001, you got a nice easy double.
good luck.
Posted by tmanfromtexas on :
I was surprised they filed so many 8K's. I had to throw a few bucks at it. I havent played a POS like this in a while. Make sure to take your profits and run when the time is right AKA dont be greedy. Have a great weekend everybody. TMAN...
Posted by metal1 on :
quote:Originally posted by SeekingFreedom: Ok, it closed at .0003 today on news of the dividend (I assume).
If this isn't new, metal1, could you explain how the other stocks like this played out? I understand a couple of the strategies that might be involved from watching a few pinks, but none of them seem to fit here.
If the CEO is stocking up in the company and he's a 10%+ shareholder, isn't he restricted in what he can dump and how fast as per the PR today? If they are taking shares off of the market won't that limit how many can be 'sold' by the company to new players and thus increase company money? I know this may be redundant, but where is the scam?
remember i didn't say you can't make money on this thing. that's how pinks work. this stock is probably hyped and posted on every board on the planet. but in the end it's basically a scam like all the others. don't be naive, play it like a scam and you can make money. they don't file any 10-k or q's so we don't really know what they are doing other than 'retiring shares' like every .0001 stock does. it's just sad to see this over and over again, where people think these are legit companies.
Posted by gumzsa on :
.0005's up!!!!! Wheres the bashers now.LOLOLOL
Posted by SeekingFreedom on :
.0006 at close.
Posted by gumzsa on :
Where is everybody at? All the doubters were out last week when this was at .0001's and .0002's.Now that we see .0006's and .0007's everyone disappears.
Posted by IWISHIHAD on :
When you see an OS of 35,281,766,809 as of July 10,2008 not sure bashers or doubters make much difference.
Hope your stock keeps running best of luck.
Posted by glassman on :
quote:Originally posted by gumzsa: Where is everybody at? All the doubters were out last week when this was at .0001's and .0002's.Now that we see .0006's and .0007's everyone disappears.
LOL, you asking a rhetorical question? i traded this back when it was GWGO... if i recall? it was above a penny then... the "doubters" posts that i saw here were being honest. anybody that thinks they are really gonna get a penny for a dividend should still be willing to buy all the way up to at least .009...
Posted by gumzsa on :
I was in GWGO too and lost it all because of reverse split. Obviously I understand peoples doubts I even have mine but all I was saying by looking at the L2 last week it was easy to see that poeple could at least make an easy double here and a bunch of peops were saying "No way"and "scam" which basically could of made people lose out on 500% gains. All ive been saying in the beginning is between seeing the buyback Prs and the 8-k filings and the huge block buys on the L2 it wouldnt of hurt to invest a couple of hundred dollars in this and make easy money. think about you could of bought 2,000,000 shares at .0001 for $200 last week and made sold for $1000 yesteray and probably even more today. No matter what happens from here scam or not people could of made awesome money here.
Posted by WinsumLosesum on :
GWGO, if you recall? How about WAGI even before that?
I just figured out that from 07/04 through 02/07, WAGI/GWGO gave me a total of 10,779,684 FREE SHARES in divi's and fwd splits! Then, in 05/07, they took it all away again with that 1:2000 RS. Then, in 01/08, another fwd split.
What in the world are they DOING?
Last week, I picked up some more *.0001 to get my cost average back down. I could sell everything today, and consider this a 4 year mistake that cost me nothing, or I could hold on for that divi and become a bazillionaire.
What to do, what to do...
Posted by glassman on :
No matter what happens from here scam or not people could of made awesome money here
OK, why don't you put that in your signature box in the fairness of full disclosure...
you cannot assume that everybody reading here is familiar with how the pinksheets work...
and taunting (or whatever you want to call it) people who post warnings about trading just complicates the whole process.. it's unnecesary..
you might be surprised how many "bashers" are still trading the POS's.
Posted by gumzsa on :
Good point. When i was a newbie i fell for a lot of things and didnt even know what an L2 was. Heck i still fall for some stuff.lol. I was just trying to make people money and you are right there are alot of crooked people out there. There are certain people that just seem negative all the time and act like EVERYTHING is a scam and in this case, scam or not, good gains were to be had.
Posted by Upside on :
quote:Originally posted by gumzsa: Good point. When i was a newbie i fell for a lot of things and didnt even know what an L2 was. Heck i still fall for some stuff.lol. I was just trying to make people money and you are right there are alot of crooked people out there. There are certain people that just seem negative all the time and act like EVERYTHING is a scam and in this case, scam or not, good gains were to be had.
You're 100% correct. Good gains could have (and should have) been made off of this. That doesn't make it any less of a scam though and that's where the problem lies. This mess is being pumped to the high heavens on every known penny stock board out there, it's huge. There's many, many people who are going to invest way too much into this because they just know it's going to run to a dime or some other foolish figure.
What's going to happen next is the company is going to start dumping MASSIVE amounts of shares into the markets and it is going to quickly plummet back to .0001, followed by a trading halt and ultimately a revocation. Face it, they have 5 trillion shares to dispose of and they are just starting to hit the market. They set the stage and achieved their goals. Now you should get out before act 1 begins because it's going to get real ugly.
Posted by rkitch on :
Upside, The only way you can trade these puppies is to depend on the "many, many people who are going to invest way too much" Most of the companies are scams, most of the "many, many people" are greedy. Buy when it is .0001, sell when it is .0006. It has already flipped twice since ffgo formed. Greed, lies, scams, scum, that's what makes the penny world go around.
Posted by gumzsa on :
Dont worry upside I am riding free shares so no matter what haps I am protected. The pink sheets as a whole is a scam. No one ever knows whats going to happen. I own triple zero stocks with AS of just 500,000,000 and less than 200,000,000 in the float and they havent moved for months. Then you take FFGO who has a kazillion shares and its up 600%. You just never know man. Just have to play them for what their worth I guess. Its a rough game and not for the faint of heart fo sho.
Posted by gumzsa on :
More NEWS!!!!!! Lets see if this can boost the PPS even more today.
Fortress Financial Group, Inc. -- Further Stock Repurchases 5 minutes ago - Market Wire
As of 12:00 AM ET 7/29/08 Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the Company has repurchased additional amounts of its "free trading" shares of its Common Stock on July 28, 2008 and July 29, 2008.
The Company repurchased an additional amount of 816,000,000 shares of its "free trading" stock at prices of US$0.0005 and at US$0.0006 per share; on July 28, 2008 and on July 29, 2008, in the market. The Company will be instructing its Transfer Agent to cancel these shares of its Common Stock. This represents a further 2.53% reduction in the Company's shares of its outstanding Common Stock. These repurchases were settled in cash.
The Company had hoped to acquire at least an additional 1 billion "free trading" shares in these past two days on the weakness in the price per share; but was unsuccessful. The Company is being as prudent and as conservative as possible in respect of the price paid per share on these repurchases in order to repurchase as much of the "free float" as possible; at the lowest possible price per share.
The Company has resolved to reduced its Authorized Share Capital to that of 35 billion shares immediately.
The Company's outstanding shares of Common Stock as at July 30, 2008 are now in the amount of 31,479,377,817. This includes all the restricted shares of the Company's Common Stock.
The Company had as at July 29, 2008, reduced its outstanding shares of Common Stock by an amount of 47% in the last month.
The Company will continue to repurchase "free trading" shares of its Common Stock today, being July 30, 2008 and will continue to do so, thereafter.
The Company's Net Asset Value per share as July 23, 2008 is now in the amount of 1.6 cents (US$0.016) per share of the Company's Common Stock.
The Company intends to continue its buyback of its shares of Common Stock; and remains extremely committed to a vastly reduced number of its outstanding shares of Common Stock and a considerably diminished "free float."
The Company is filing a detailed Form 8-K with the SEC on Wednesday July 30, 2008 in respect of the share buybacks on July 28, 2008 and on July 29, 2008; as well as setting out a very detailed explanation of its calculations in respect of its Net Asset per Share.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions; Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing is substantial Balance Sheet of circa US$500 million (this will be reduced to US$100 million after the Extraordinary Dividend payment); comprised of quoted and unquoted Gold Mining & Exploration stocks; to aggressively fund a large number of acquisitions in the consumer financial services sector; initially focused in the Mortgage Lending and Banking sectors.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact:
Fortress Financial Group, Inc. Alan Santini Chief Executive Officer
Email Contact
Tel: (954) 840-6961
SOURCE: Fortress Financial Group, Inc.
Posted by Stockstar69 on :
Well this stock is just nuts. Formerly Great West Gold and now they started at .0001 and have been buying back BILLIONS of shares and retiring them? And they are offering a penny a share dividend on a .0005 stock? OBSCENE.
Posted by glassman on :
all pinkies are nuts...
Posted by Stockstar69 on :
Reminds me of CSHD. Oh no, I have doomed them now.
Buy the crap out of it!
Posted by gumzsa on :
news!!!!
Fortress Financial Group, Inc. -- Stock Purchases in Hunt Gold Corporation
Company Confirms It Has Acquired Additional Shares of Hunt Gold Corporation Common Stock
NEW YORK, NY, Jul 31, 2008 (MARKET WIRE via COMTEX) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) announced on July 29, 2008 that we have stated very clearly that we are seriously contemplating further purchases of Hunt Gold Corporation's stock, at what we view as "bargain basement prices," in the market thereby increasing our Company's "free trading" stockholding in Hunt Gold Corporation. We have made it extremely clear that we will refuse to sell these additional shares of their stock, purchased in the market; at price of less than 2c (US$0.02) per share. Hunt Gold Corporation is now "in play" and is definitely subject to a Takeover Bid. This has been confirmed this morning.
Fortress Financial Group, Inc. has directly acquired an additional amount of 42,569,020 "free trading" shares of Hunt Gold Corporation Common Stock at a price of no higher US$0.003 per share. Fortress Financial Group, Inc. holds a further and an indirect amount of 483,750,099 shares "free trading" shares of Hunt Gold Corporation Stock. Fortress Financial Group, Inc. holds an additional amount of 1,363,588,873 restricted shares of Hunt Gold Corporation's shares of Common Stock.
Alan Santini, the CEO of Fortress Financial Group, Inc. commented that he was continuing to acquire stock in Hunt Gold Corporation and based upon their stock price weakness; may well increase Fortress's holding to 9.99% of the outstanding shares of Hunt Gold Corporation's Common Stock. Alan Santini added that he would ensure that the best price could be obtained for this Company and that all serious bidders for Hunt Gold Corporation would serve our Company's interests as well those Fortress Financial Group, Inc. stockholders who received stock in Hunt Gold Corporation as a Stock Dividend.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing is substantial Balance Sheet of circa US$100 million comprised of quoted and unquoted Gold Mining & Exploration stocks (This is after the payment of the Extraordinary Dividend of US$400 million to stockholders) to aggressively fund a large number of acquisitions in the consumer financial services sector; initially focused in the Mortgage Lending and Banking sectors.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact:
Fortress Financial Group, Inc. Alan Santini Chief Executive Officer Email Contact Tel: (954) 840-6961
Copyright 2008 Market Wire, All rights reserved. -0-
SUBJECT CODE: Manufacturing and Production:Mining and Metals
Posted by gumzsa on :
Even more news!! Thats 2 Pr's all ready today .lol
Fortress Financial Group, Inc. -- Secured Loan Facility
Company Confirms It Has Obtained a Secured Short Term Loan Facility
NEW YORK, NY, Jul 31, 2008 (MARKET WIRE via COMTEX) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has received a short term Loan facility in the amount of US$50 million to be used solely for further purchases of Hunt Gold Corporation's "free trading" stock, at what we view as "bargain basement prices," in the market; thereby increasing our Company's "free trading" stockholding in Hunt Gold Corporation. We have made it extremely clear that we will refuse to sell these additional shares of their stock, purchased in the market at a price of less than 2c (US$0.02) per share.
These purchases of Hunt Gold Corporation are purely for investment purposes and to extract value from your Company's investment in Hunt Gold Corporation. This will not in any way affect the Company's repurchases of its own stock.
Fortress Financial Group, Inc. has directly acquired an additional amount of 42,569,020 "free trading" shares of Hunt Gold Corporation Common Stock at a price of no higher than US$0.003 per share. Fortress Financial Group, Inc. holds a further and an indirect amount of 483,750,099 shares "free trading" shares of Hunt Gold Corporation Stock. Fortress Financial Group, Inc. holds an additional amount of 1,363,588,873 restricted shares of Hunt Gold Corporation's shares of Common Stock.
The Company will be filing a detailed filing with SEC on a Form 8-K on July 31, 2008 setting out the terms and conditions of this Loan Facility. This Loan is secured against the Company's existing and future shares of Hunt Gold Corporation Common Stock. The Loan term is for a period of no less than three months.
Alan Santini, the CEO of Fortress Financial Group, Inc., commented, "Hunt Gold Corporation was placed on notice and we now intend to extract value from this Company for our stockholders and in respect of our investment in this Company."
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions, Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing its substantial Balance Sheet of circa US$100 million comprised of quoted and unquoted Gold Mining & Exploration stocks (this is after the payment of the Extraordinary Dividend of US$400 million to stockholders) to aggressively fund a large number of acquisitions in the consumer financial services sector, initially focused in the Mortgage Lending and Banking sectors.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact:
Fortress Financial Group, Inc. Alan Santini Chief Executive Officer
Copyright 2008 Market Wire, All rights reserved. -0-
SUBJECT CODE: Manufacturing and Production:Mining and Metals
Posted by gumzsa on :
3rd PR of the day. Takeover?
Fortress Financial Group, Inc. -- Potential Change of Control
Company Confirms It Has Been Advised That a Private Equity Group Intends to Acquire 51% of the Company's Outstanding Stock
NEW YORK, NY, Jul 31, 2008 (MARKET WIRE via COMTEX) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) has been inundated with requests for information following certain statements in respect to a Private Equity Group acquiring up to 51% of this Company's shares of Common Stock. We can confirm that this is now extremely likely, as a number of substantial restricted stockholders have confirmed to us this morning that they have sold their shares to this Private Equity Group today. We calculate that they will be in a position to obtain 51% of this Company by Monday August 4, 2008, if not before. It appears that this Private Equity Group has built up a substantial position of the Company's "free trading" stock over a period of some time.
The CEO and controlling stockholder of the Private Equity Group has confirmed that Alan Santini will remain as CEO of Fortress Financial Group, Inc. and that the Extraordinary Stock Dividend will proceed as announced. This is a pure "value play" for this Private Equity Group.
There is now little doubt that the same Private Equity Group intends to mount a takeover bid for Hunt Gold Corporation.
Alan Santini, the CEO of Fortress Financial Group, Inc., commented that they have his full support and that he was extremely comfortable with having a supportive controlling stockholder with deep pockets. Alan Santini added that the CEO and controlling stockholder of the Private Equity Group was well known to him for a long period of time and enjoyed his full trust and respect.
Stockholders can expect to see a number of Form 13(d) filings from this Private Equity Group being filed with SEC within the allotted ten day period as they build up their stake in the Company.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions, Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing is substantial Balance Sheet of circa US$100 million comprised of quoted and unquoted Gold Mining & Exploration stocks (This is after the payment of the Extraordinary Dividend of US$400 million to stockholders), to aggressively fund a large number of acquisitions in the consumer financial services sector, initially focused in the Mortgage Lending and Banking sectors.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact: Fortress Financial Group, Inc. Alan Santini Chief Executive Officer
Copyright 2008 Market Wire, All rights reserved. -0-
SUBJECT CODE: Manufacturing and Production:Mining and Metals
Posted by BooDog on :
.0005 crazy volume... one hell of a printing press on this one IMO!!
Posted by m69jump on :
printed me some cash on this scam pos glta....
Posted by Andreas on :
Fortress Financial Group, Inc. -- Sale of Gold Assets
Aug 13, 2008 10:01:12 (ET)
NEW YORK, NY, Aug 13, 2008 (MARKET WIRE via COMTEX) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the sale of its interests in the "Bouse" and "South Copperstone" Gold Mining & Exploration companies will be completed on Friday August 29, 2008.
The Company will receive its shares of Goldco Common Stock on that date.
The Company and its Advisors are now in a position to plan the distribution dates of US$400 million in Goldco shares of Common Stock as an Extraordinary Dividend to its stockholders.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions, Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The "Mortgage and Consumer Lending Divisions" will comprise the vast majority of the Group's earnings in the immediate to medium term.
The Company is utilizing is substantial Balance Sheet of circa US$100 million comprised of quoted and unquoted Gold Mining & Exploration stocks (This is after the payment of the Extraordinary Dividend of US$400 million to stockholders) to aggressively fund a large number of acquisitions in the consumer financial services sector; initially focused in the Mortgage Lending and Banking sectors.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such a "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact:
Investor Insights Dick Granieri/Gordon Otter E Mail : Email Contact Telephone: 1-800-530-3545
Fortress Financial Group, Inc. Alan Santini Chief Executive Officer
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