quote:Originally posted by 10of13: Rich? I'll go with your thoughts...LOL!
what I meant was that some people are selling but the MM's are exaggerating and manipulating the bid and ask. Even when buys go through they drop it...
-------------------- Success is having the time and money to enjoy all of life's wonders...
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posted
Due to tax-selling, most stocks hit the bottom in the 3rd week of December. After the sellers are gone, the pps will have a bottom bounce -- this is the way the MMs play the game.
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posted
Time & Sales Price Size Exch Time 0.0035 5000 OTO 15:47:27 0.0034 50000 OTO 15:46:04 0.0031 331800 OTO 15:39:51 0.0034 5000 OTO 15:39:40 0.0034 50000 OTO 15:39:38 0.0034 100000 OTO 15:37:48 0.0034 100000 OTO 15:33:41 0.0029 3045000 OTO 15:18:35 0.003 300000 OTO 15:05:43 0.0031 60000 OTO 15:00:40 0.0033 75785 OTO 15:00:38 0.0031 200000 OTO 14:57:53 0.003 125000 OTO 14:55:43 0.003 10000 OTO 14:54:50 0.0031 10000 OTO 14:46:59
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I really could have done without todays action. 1/2 of me is screaming "get out, cut your losses", I'm down about 6 grand so far. THe other half of me wants to stick around and see what happens, hopefully recover my $$$$. I just don't know what I'm going to do until I do it.
-------------------- If ignorance is bliss, why aren't more people happy?
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posted
Cotton, I feel your pain. I am down some too. I just dont get it. They arent diluting. You I and a host of others have proven that point. They arent selling shares into the market so they arent making any money.
The rumor about Haytor going with a shell company doesnt apply because FGFC isnt a reporting company.
I never understood the rumor about abe being a waiter.
There is some other stuff with Windsor I dont understand but cant put my finger on it.
I dont think this is a scam (yet). And I know as soon as I sell for a loss this thing will shoot up like a rocket. Its just depressing to watch it go down day after day. Oh well. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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posted
Sally I looked at it. Below is straight from the SEC website... Read it at your leisure. TMAN...
Quiet Period The federal securities laws do not define the term "quiet period," which is also referred to as the "waiting period." However, historically, a quiet period extended from the time a company files a registration statement with the SEC until SEC staff declared the registration statement "effective." During that period, the federal securities laws limited what information a company and related parties can release to the public.
On June 29, 2005, the Commission voted to adopt modifications to the registration, communications, and offering processes under the Securities Act of 1933. Among many other provisions, the rules update and liberalize permitted offering activity and communications to allow more information to reach investors by revising the "gun-jumping" provisions under the Securities Act. The cumulative effects of these rules are as follows:
Well-known seasoned issuers are permitted to engage at any time in oral and written communications, including use at any time of a new type of written communication called a "free writing prospectus," subject to enumerated conditions (including, in some cases, filing with the Commission).
All reporting issuers are, at any time, permitted to continue to publish regularly released factual business information and forward-looking information.
Non-reporting issuers are, at any time, permitted to continue to publish factual business information that is regularly released and intended for use by persons other than in their capacity as investors or potential investors.
Communications by issuers more than 30 days before filing a registration statement will be permitted so long as they do not reference a securities offering that is the subject of a registration statement.
All issuers and other offering participants will be permitted to use a free writing prospectus after the filing of the registration statement, subject to enumerated conditions (including, in some cases, filing with the Commission). Offering participants, other than the issuer, will be liable for a free writing prospectus only if they use, refer to, or participate in the planning and use of the free writing prospectus by another offering participant who uses it. Issuers will have liability for any issuer information contained in any other offering participant's free writing prospectus as well as any free writing prospectus they prepare, use, or refer to.
The exclusions form the definition of prospectus are expanded to allow a broader category of routine communications regarding issuers, offerings, and procedural matters, such as communications about the schedule for an offering or about account-opening procedures.
The exemptions for research reports are expanded. A number of these new rules include conditions of eligibility. Most of the rules, for example, are not available to blank check companies, penny stock issuers, or shell companies.
The rules address the treatment under the Securities Act of electronic communications, including electronic road shows and information located on or hyperlinked to an issuer's website. The rules define written communication as any communication that is written, printed, a radio or television broadcast, or a graphic communication. The definition of graphic communication and, thus, electronic road show excludes communications that are carried live and in real-time to a live audience, regardless of the means of transmission. Electronic road shows for initial public offerings of common equity or convertible equity securities will have to make a bona fide electronic road show readily available to an unrestricted audience to avoid filing the electronic road show with the Commission. No other road shows will be subject to filing.
The effective date of the rules is December 1, 2005. For more information, please see Release No. 33-8591 — Securities Offering Reform.
-------------------- In the end, trust only yourself when trading stocks.
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"The exemptions for research reports are expanded. A number of these new rules include conditions of eligibility. Most of the rules, for example, are not available to blank check companies, penny stock issuers, or shell companies."
SO basicaly the rule doesn't apply to FGFC even if they had applied to up-list 29 days ago. Furthermore, if it did apply, they could still release "business as usual" information to share holders.
I am in the same position tman, I have sold way to many times at a loss, only to miss out on a big run a few days or weeks later, $260,000 to date if I had held my positions. THe way my luck goes, I will hold this until it's worth nothing waiting for the big run.
-------------------- If ignorance is bliss, why aren't more people happy?
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Guys stop playing pinks...i stopped and only make money now. pinks will dilute on you without you knwoing and lie about everything. Stick to nasdaq and ob's.
-------------------- Disclaimer: Not accountable for anything I say
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posted
I have to agree, I've seen nothing this year but outright filth, lies, and deception on this pink sheet 'stocks'. The OTCBB isn't much better.
In fact I can't think of one stock on the pink's that I bought that wasn't full of crap and had no follow through. FGFC is right there with the rest of the garbage it seems. I know I said I wouldn't post after I sold this filth, but really I think it's time to educate the common investor on the pink sheets and what they really are; scams.
Sure, money can be made, it can be made by stealing from a bank or robbing the nieghborhood grocery store as well but that doesn't make it right!
I'm done with both the PK's and the OTCBB, I bought IPRE, RSHN, FGFC, CSHD, SLJB, and a few others this year and every single one went to ****! lol, it's back to the Nasdaq for me, fortunately I'm 35% only because of Nasdaq stocks like SOFO, and a few others. I would be a hell of a lot more had I not played in the pinks/OTCBB.
These two exchanges are dirty and in my opinion should simply be shutdown. If these companies want to raise cash they should have to do it the old fashioned way - get a loan or go to one of the real exchanges. But it's time to stop the lies.
That's my new slogan for the pinks/OTCBB: STOP THE LIES.
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quote:Originally posted by Uncle Smelly: I have to agree, I've seen nothing this year but outright filth, lies, and deception on this pink sheet 'stocks'. The OTCBB isn't much better.
In fact I can't think of one stock on the pink's that I bought that wasn't full of crap and had no follow through. FGFC is right there with the rest of the garbage it seems. I know I said I wouldn't post after I sold this filth, but really I think it's time to educate the common investor on the pink sheets and what they really are; scams.
Sure, money can be made, it can be made by stealing from a bank or robbing the nieghborhood grocery store as well but that doesn't make it right!
I'm done with both the PK's and the OTCBB, I bought IPRE, RSHN, FGFC, CSHD, SLJB, and a few others this year and every single one went to ****! lol, it's back to the Nasdaq for me, fortunately I'm 35% only because of Nasdaq stocks like SOFO, and a few others. I would be a hell of a lot more had I not played in the pinks/OTCBB.
These two exchanges are dirty and in my opinion should simply be shutdown. If these companies want to raise cash they should have to do it the old fashioned way - get a loan or go to one of the real exchanges. But it's time to stop the lies.
That's my new slogan for the pinks/OTCBB: STOP THE LIES.
OTCBB aren't too bad, they have to report if they are diluting, so not even close to as much downside as pinks.
-------------------- Disclaimer: Not accountable for anything I say
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quote:Originally posted by Uncle Smelly: I have to agree, I've seen nothing this year but outright filth, lies, and deception on this pink sheet 'stocks'. The OTCBB isn't much better.
In fact I can't think of one stock on the pink's that I bought that wasn't full of crap and had no follow through. FGFC is right there with the rest of the garbage it seems. I know I said I wouldn't post after I sold this filth, but really I think it's time to educate the common investor on the pink sheets and what they really are; scams.
Sure, money can be made, it can be made by stealing from a bank or robbing the nieghborhood grocery store as well but that doesn't make it right!
I'm done with both the PK's and the OTCBB, I bought IPRE, RSHN, FGFC, CSHD, SLJB, and a few others this year and every single one went to ****! lol, it's back to the Nasdaq for me, fortunately I'm 35% only because of Nasdaq stocks like SOFO, and a few others. I would be a hell of a lot more had I not played in the pinks/OTCBB.
These two exchanges are dirty and in my opinion should simply be shutdown. If these companies want to raise cash they should have to do it the old fashioned way - get a loan or go to one of the real exchanges. But it's time to stop the lies.
That's my new slogan for the pinks/OTCBB: STOP THE LIES.
OTCBB aren't too bad, they have to report if they are diluting, so not even close to as much downside as pinks.
I'm still in. Gotta love these pinks. No one (almost) researches these things before they get in and then wonder WTF happened. Finding out who is involved and what other stocks the CEO or the VP CFO - whoever - came from trashing before they took over the one your looking at is one of the key ingredients. And the charts. Put those 2 together and you can play them while they are playing you.
From, The newB
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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posted
I would recomend averaging down BUT, at this point I would be a little leary of putting anything else into this until they start communicating again.
-------------------- If ignorance is bliss, why aren't more people happy?
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quote:Originally posted by Egg Inspector: I'm in FGFC * .019. opinions, thoughts?
cheers Egg - good to see you M8. I'm waiting for the speculamentation to drive this back from the bottom. may have to wait till the 2nd week of jan. This has been called a scam plenty that's for sure.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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posted
cotton, I think that the company is gone. Personally I think this was a failed attempt at a scam now, they couldn't get the big run to dump so they just abandoned ship.
I sold out yesterday and took a loss on this. I think many others are now jumping ship as well, a month with no communication. No one can get responses from the company...
January may bring a 'hope' run but I think it's game over for FGFC. We're down over 1000% from this year's high. I was a believer for a long time, I'm averaged at .017 from July. But enough is enough, I'll make the money back and move on.
They scammed me out of some money, am I mad? Nah, but will I ever invest in something that has Abe's name or Fauzie's name attached to it ? No way. And most others won't either.
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quote:Originally posted by Egg Inspector: I'm in FGFC * .019. opinions, thoughts?
I was averaged at .017, I cut my losses yesterday. I just don't believe this company really exists! I think they gave it a try as either legitmate or as a scam and it didn't work.
I have called, and several of my associates have called and dropped a few legitmate big names interesed in doing business with them and their services.
I will tell you that any business that is starting up like would never not return those calls. That 'proved' to me that this wasn't real. Look I lost 7K on this, fortunately I'm up 35% for the year on other stocks. So Abe gave me a tax loss write off.
Again this is all my opinion based on my own DD, I could be totally wrong and they are just very busy - however I doubt it very much.
I see this one heading into the .000's and eventually just stopping, who knows maybe someone else will pick it up and turn it into something down the road.
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quote:Originally posted by Uncle Smelly: cotton, I think that the company is gone. Personally I think this was a failed attempt at a scam now, they couldn't get the big run to dump so they just abandoned ship.
I sold out yesterday and took a loss on this. I think many others are now jumping ship as well, a month with no communication. No one can get responses from the company...
January may bring a 'hope' run but I think it's game over for FGFC. We're down over 1000% from this year's high. I was a believer for a long time, I'm averaged at .017 from July. But enough is enough, I'll make the money back and move on.
They scammed me out of some money, am I mad? Nah, but will I ever invest in something that has Abe's name or Fauzie's name attached to it ? No way. And most others won't either.
Why would they still be answering the phone? If they had abandoned ship, why would they pay to have someone answer the phone? Something doesn't make any sense here.
-------------------- If ignorance is bliss, why aren't more people happy?
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posted
Geez, this again... The company bought back 100M shares, most over .01. Why would they do that if this were a scam? A R/S would have been much easier and cheaper. BSM is being updated, I check myself every week. We are all down, but some of us choose to keep a level head on situations instead of letting emotion run wild. If you sold then GLTY, sorry you didn't realize a gain, but stop coming here and whinning about how much you lost. Personally I would love to see a PR, but it's the wrong time of year to release news anyway. First part of Jan would be much more beneficial for the pps. I hate seeing this thing plunge just as much as everyone else, but we're just seeing people cut their losses for the tax break. There is no dilution and the company doesn't release outlandish, fraudulent PRs to push the pps to unrealistic levels like many other pinks and some OCT's. Bad timing is what my head is telling me. All of this is JMHO, GLTA...
-------------------- Success is having the time and money to enjoy all of life's wonders...
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It has been one of the roughest weeks for this stock in quite a while. It can easily be attributed to the company being quite. There is just too much good news for them to be this quite.
On the flip side, those buying in right here will be in a much better position than many others here. I have avg down now to .0033. The chart is looking WAY TOO OVERSOLD. It is going to bounce and bounce soon. MM's are simply dropping and scaring people into selling to take the loss and write off. With any buys, they immediately bring it back up. I bet this one will skyrocket the first week of January as people re take a position on speculation of the coming news.
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quote:Originally posted by Retired_Insider: It has been one of the roughest weeks for this stock in quite a while. It can easily be attributed to the company being quite.
quote:Originally posted by MEMY SELFANDI: Is the secretary in the fgfc office or is it one of those answering services?
I called Phone: 212-572-4823 3 times today 11am, 1300 and 1430. all 3 times the same woman answered - sounded Peruvian maybe. I was able to talk to her for a minute - she said she had only worked there 2 months. And yes this was the building with Rosenman's office. And yes Mr. Fauzie Mohamed is still with the company. I asked if they were busy there and she said yes. I asked if Rosenman was already on holiday ... she hesitated and doesn’t sound sure if he is or not. from our convo it was sounding like things have gone into limbo until after the holidays. But this is just the secretary/receptionist. My calls were not returned by mr. rosenman today. This is completely unreliable IMO so none of the above should be used on its own but may lend to patterns if others are reporting the same thing.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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