posted
Let's not attack one another. We're all in this for Cash, there are no bashers in here yet. The bashers will show up once we go into the green again...lol.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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Thanks Tyler.Maybe I am a little today.I think the news today was too much like the newa may 08.But you are right about the next pr should bring pps up a lot.
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Thanks Tyler Maybe I'm a bit touchy today. I think the news was just a follow up on the May 8th news.This one will run. Just corecting My last post.a day is a week in pennyland
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If it did take a year and went back to thirty I would call that a good plan.But IMHO it wont take anywhere near that long,I intend to acculate another half million shares and really dont care about a time line.But hoping to see a large increase in the few days.
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i'm with ya plni... would certainly love to see it rise quicker than a year. i too was more making a statement that i'm in for the long haul or short haul with this company. either way, i believe it to be a good buy and a company that will see its stock rise based on truth and smarts and not just hollow hype like 99% of the pinks.
also the L2s on that quick dip looked more like a dip by the MMs to grab stop-loss orders. makes me wonder if they're antcipating a rise and preparing for it. GLTA
-------------------- Cashing checks in two forms: Money and Reality
posted
a lot of BIG dumps today on the L2s... possibly from those who bought in when it hit .005-ish hopefully that will make room for steady accumulation. still down 11% and the ask isn't looking that great. hope for a nice climb in the next week or two.
-------------------- Cashing checks in two forms: Money and Reality
posted
Well....I don't understand how this stock is sitting below .01 but, like I've said before, I ain't selling and giving into those f#$%ing MM's....she's undervalued and oversold with aquisitions on the horizon....only a matter of time before she gets to .02 and beyond.
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I dont understand either,but even the mms can't move this up without buyers.give it time to get noticed and the ride will be great.
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Yeah, it's aggravating, Doniboy but plni is correct....give it time to get noticed and when the buyers come in droves it will take off. It is a legit company so it can't be kept down....just needs some recognition.
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Doniboy, I looked at your stock, as promised.
I cannot comment much on this. I discovered there is very little information available, specifically there are no financial reports.
Last SEC filings were in 2003 with a reporting termination May of 2005.
Lot of news coming out but not a single hint of financial condition.
An oddity did appear. As you know, volume is extremely high. However, look at the float,
Authorized Shares: 520,000,000 as of 2006-02-15 Float: 250,000 as of 2006-02-15
A quarter-million shares in the float with millions of shares being traded during a day, raises a major red flag. There are many explanations. Float is not being reported correctly. A forward split is executed since February I did not find, or perhaps this stock is being naked shorted.
Have you checked to discover if this stock is on the SEC SHO short list?
Current high volume is keeping prices steady. Doubtful there will be any significant change in prices unless really good news is released, especially news of financial status.
Thanks for taking a look, I appreciate the time you took. I did, however, know that there was a forward split:
Publish Date : 2/28/2006 2:14:00 AM Source : American Local News Onlypunjab.com First Guardian Financial Corporation (FGFC:PK) today announced that its Board has approved a 10 for 1 forward stock split of its common shares. The record date of the forward split will be March 15, 2006 and the pay out/effective date will be March 31, 2006. Each common shareholder of record will receive 10 shares of common stock for every one share that they hold.
Does that change your anaylsis at all?
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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Yes, this helps explain the high volume, least most of it. I suspected a forward split and assumed I missed it. Whatever the previous float was, multiply by ten. High volume makes better sense now.
Be careful. I am not writing this stock is bad nor writing this stock is good. There simply is not enough information to tell. I like their news of late but you really need to know if they are profitable or not.
Lending to the commercial real estate sector is a good business, a steady business. We have vested interest in a local bank which is making these types of loans. They are doing very well.
Real estate is strong now, especially family housing. Commercial real estate is right behind family housing. This supports a positive point for this company.
Appears they have a high end office in the financial district in New York which suggests they bring in enough money to pay extreme rent, or they are about to be evicted!
A prior per share value of over a buck is most interesting. At one time, they did have something going for them.
On the negative side, when a stock makes such an extreme fall, one buck down to sub-penny, usually the company will not recover. Mine is "usually" not always.
This company has much to overcome. Most traders will notice their extreme fall in prices then move on without giving a close look. They will have to come out with some great news, some good financials to garner interest again.
At these current prices, chances are low you will lose money because prices will be steady.
I would keep an eye out for a reverse split. Those are usually very bad news. This stock is prime for a reverse split.
However, a recent forward split does discount a reverse split. Nonetheless, if you look at GLUV in archives here, you will discover this company did a reverse split and a forward split all in one week. That is very rare. I strongly doubt there will be a reverse split anytime soon.
So, my opinion is neutral. Good news but no financials to cause interest.
I have this on my watch list for fun. I will post if something catches my eye.
Business Description: The company provides Commercial Real Estate Financing & Invests for its portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest in businesses either start up or growth wise throughout the United States.
State of Incorporation: DE
Officers: Abraham Rosenman, Pres.
Outstanding Shares: Not Available
Estimated Market Cap: Not Available Authorized Shares: 520,000,000 as of 2006-02-15 Float: 250,000 as of 2006-02-15
Current Capital Change: shs increased by 11 for 1 split Ex-Date: 2006-04-03 Record Date: 2006-03-17 Pay Date: 2006-03-31
"I did, however, know that there was a forward split"
This is an example of why meaningful discussion is so important. I missed that forward split. You know about it. Now I know and other readers know.
This helps a lot to explain high volume and does lessen concerns about naked shorting. All readers are better informed now.
Good job pointing out what I missed. This is so important and welcomed. This is the type of discussion I would like to read everywhere; people helping people.
posted
Great DD Purl Gurl, I think most of us here are feeling the same way. I could attribute much of the price drop to the subpenny range on the forward split, but could also attribute a lot of the current volume to recent pump fests on Ihub. Which, in my feeble mind anyway, comes out neutral. And I wholeheartedly agree that news is needed. Most of us here remain here because we are looking forward to acquisition news some time in the near future. They promised news about 2 acquisitions and have, thus far, reported only one. The first one did result in a big 400% price gain, so I have my fingers crossed for the second to repeat that.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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Doniboy, a little financial news is needed.
I am not fearful of mild losses should a company show good potential, perhaps is in development. Many of us like to take a chance on buying in at the absolute high risk bottom.
Should they report a .01 to .03 per share loss, this would not be too scary. A breakeven financial status would be exciting with aquisitions going on.
Do not become too excited by this. An item which caught my eye is "short term" lending to commerce. This is legal loan sharking and is needed. This type of loan, most often, is to replace depleted inventory quickly, replace an expensive broken machine, take advantage of a sudden opportunity and other similar time sensitive events.
With the prime rate now just below eight percent, this places short term commercial loans up into the ten to twelve percent interest rate with higher than normal closing fees. There is good money in this arena.
A negative side is large turnover in lending is needed. These loans might range from thirty days to six months to one year. So this company will need to bang 'em out on a regular basis.
Clearly they have some money or are way in debt.
I am interested but my personal rules will not allow me to invest until I know their financial status. This is strictly personal, not advice.
A thought came to me you and other readers might find helpful.
I have not read their news closely, yet. I just skimmed over various articles to develop a feel for what is happening.
In the lending business, public relations is extremely critical. Representatives must knock on doors, press the flesh, give business cards, stay in touch by phone, remember birthdays and all that, to maintain a good client base. Public relations is the most important factor in lending.
Credibility, dependability, rates, service, are next in line for attracting and keeping customers.
An approach to develop a better feel for how sharp is this company, is to closely inspect their pr news releases. You will ask,
"Is news well written?" "Is grammar and spelling good?" "Is news free of wild claims?" "Is news credible and interesting?"
Those and other questions will help discern how well spoken is this company, how well they come across, how well they sell their story and product.
This company must have an excellent sales staff who are well educated, well spoken, can make a deal and retain customers.
The quality of their news releases will provide a hint as to how well they can sell themselves.
posted
This is funny, Doniboy. You know about news releases by that other company. That company, this week, has only severely damaged their reputation and driven share price down almost a dollar a share because of lousy written news which causes confusion and fear.
How is FGFC doing, news wise, compared to the other?
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