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geodavis24
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Friend,
I wish to share this excellent opportunity with you. First Plus Financial Group was in the “high loan to value” mortgage business. They were doing exceedingly well until the Russians defaulted on their bonds in 1998. Money from the “warehouse" lenders dried up. In their 3rd quarter of 1998 they had $3,060,136,000 in assets and $506,972,000 in shareholder equity, or $12.05 book value per share. Due to the lack of continues cash flow, they were forced to stop making new loans. With ongoing bond and interest payments coming due, they were forced to put their subsidiary, First Plus Financial Inc. into bankruptcy, so as to protect the shareholder equity that they had built.
The residuals are returning back at the rate of $4.3 mill. per month. The debt is being paid off and
the shareholders will retain the balance, which could be anywhere from $1.00 a share to $7.00 a share
book value after all debt has been payed off.. If you wish to learn much more about the Company, go to the link below and get all the details
Paine Webber recently bought 2,200,000 shares, That speaks for itself. The symbol is FPFX and is presently trading at ,10--.11. on the pink sheets. I have purchased 750,000 shares myself, and know several people that have bought 100,000 or more.
Sincerely,
George T Davis
http://communities.msn.com/FirstPlusGroupShareholders

SC 13D 1 maltby.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Name of Issuer: FirstPlus Financial Group Inc. Title of Class of Securities: Common CUSIP Number: 33763B103 Name, address and telephone number of person authorized to receive notices and communications: Tadd A. Maltby, c/o UBS PaineWebber, 1 Tower Lane, Ste 640, Oakbrook Terrace, IL 60181 630 572-4074 Date of Event which requires filing of this statement: April 17, 2001 CUSIP No. 33763B103 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). TADD A. MALTBY 2. Check the appropriate box if a member of a group (a) Not applicable (b) Not applicable 3. SEC Use Only 4. Source of Funds : PF for investment purposes 5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): Not applicable 6. Citizenship or Place of Organization: USA 7. Sole Voting Power: 2,200,000 shares 8. Shared Voting Power: Not applicable 9. Sole Dispositive Power: 2,200,000 shares 10. Shared Dispositive Power: Not applicable 10. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,200,000 shares 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares: Not applicable 13. Percent of Class Represented by Amount in Row (11): 5.15% 14. Type of Reporting Person: IN Tadd A. Maltby Purchase Transactions during last 60 days: Date Shares Purchased price/share cost 4/17/01 25,000 .11 $ 2,832.00 4/17/01 15,000 .12 $ 1,846.50 4/17/01 10,000 .13 $ 1,335.00 4/17/01 20,000 .14 $ 2,861.25 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date April 23, 2001 Name/Title: TADD A. MALTBY The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement: provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.



Posts: 1 | From: Brentwood,TN USA | Registered: May 2001  |  IP: Logged | Report this post to a Moderator
   

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