posted
This company looks solid, based out of NYC with a very expensive building invested in...FGFC has no where to go but up! Check out the MACD on thier chart, it just surpased the DMI-, and not to mention the ADX is still so low it would be stupid not to buy. This is just my opinion but FGFC is a big winner, ill be interested to hear someone else's opinion.
posted
Got to admit, I like it too. Got to round up some cash for it.
Posts: 81 | From: Mechanicsburg, Pennsylvania | Registered: Feb 2006
| IP: Logged |
posted
Got in late but the news looks good. Have to wait a few days for the shakeout...Everything is bad.
Posts: 2498 | Registered: Mar 2006
| IP: Logged |
posted
There is alot of smart money in FGFC. PGPM is one i got in two weeks ago and i still have it. NDOL is just disappointing---Anyways i predict a steady gain in FGFC and PGPM this week, lemme know your thoughts. -Shock
First Guardian Financial Corporation Board Moves to Reduce Authorized Shares & New Common Share Structure First Guardian Financial Corporation (Pink Sheets: FGFC) today reported that its Board of Directors has adopted a resolution on Tuesday, June 6, 2006, to reduce the Company's authorized shares of common stock by 320 million shares.
The reduction will lower First Guardians Financial Corporations authorized common shares from 520 million to 200 million of which (101,252,132 shares are restricted and in managements control) leaving 98,917,952 common shares available. "This resolution reflects the commitment of First Guardian Financial Corporations management and Board of Directors to restrict any dilution and build value for our current and future shareholders," commented Abraham Rosenman, President
The company has issued an additional 59,681,800 million common shares for the acquisition of Buysellmerge.com, Windsor Capital Ltd. and the establishment of Trafalgar Leasing & Finance Corporation thus after the issuance of said shares the current issued and outstanding/float stands at 78,331,916 shares.
At the same meeting, the board of directors agreed to review certain proposals to establish/obtain a revolving line of credit of up to ($10,000,000) million dollars to be used for development, growth and working capital for the company's current entities, the board of directors also agreed to continue its banking relationship with JP Morgan Chase.
"The company has taken this share restructuring to increase the value of our share price, as we believe that the company at this point is extremely undervalued and does not reflect the true value/market cap. We do not intend to increase the share structure for further growth, instead we will use revenues and traditional bank financing to grow the company going forward." Said Abraham Rosenman President
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
-------------------- I'm trying this day trading thing, cause an illegal took my job. Posts: 91 | From: Houston Texas | Registered: Mar 2006
| IP: Logged |
posted
)--June 8, 2006--First Guardian Financial Corporation (Pink Sheets: FGFC - News) today reported that its Board of Directors has directed executive management on Wednesday, June 7, 2006, to formulate a share buyback program to further reduce the company's outstanding/float of common shares. ADVERTISEMENT
The company's executive management will prepare a proposed share buyback program within the next week per the Board of Directors request, management will attempt to budget/spent up to 0.06 (cents per share) to purchase/buyback on the open market (of its shares) up to (25,000,000) twenty five million of its shares, thus further reducing the company's outstanding/float to 53,331,916 shares. "This directive reflects the continued commitment of First Guardian Financial Corporations management and Board of Directors to reduce the outstanding/float and restrict any dilution while creating maximum value for our current and future.
Posts: 132 | From: SC | Registered: Apr 2006
| IP: Logged |
posted
I dont know why Repoman thinks this "was" a hot stock, people should not post on threads that they have not researched. People say this stock will reach a buck, i dont believe it but i am sure this company is not done running... -Shock
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
