posted
up to 1.5 mill on this now ,,and should be a happy camper in a few weeks ?
Posts: 1307 | From: Calgary AB Canada | Registered: Apr 2006
| IP: Logged |
posted
Relax boys, when the float is 30 million basic supply and demand laws will come into play. The 115 or so of us who will hold that float will decide where we want to sell. Many of us have over 1 million shares. Personally I say we may people pay over .75 for our shares.
Posts: 630 | Registered: Jun 2006
| IP: Logged |
posted
we are in a good one here. Believe me, I am in 16 positions right now. 4 are red hot. (Yes, fgfc is one of the hot ones *look at market*) of those 4 I would say this is THE MOST STABLE. two of the others...#**%&..... #**&%##*..... well...I don't want to get into it here. just be glad this is still solid, well known in the market, 1 Million+ volume, and about to break (with no controversy!)
Posts: 1307 | From: Pittsburgh, PA | Registered: Jun 2006
| IP: Logged |
posted
LOL, nice egg, FGFC still has a nice run left in this over the next few months. Just remember to sell your shares before Jan 08, as I believe that is when the restricted shares start becoming available. Until then - if - and that's a big IF - the company does reduce the float to 30 mil, and delivers revenue and a valuation over 10 million we're all going to make a lot money. A lot left here to unfold....
Posts: 630 | Registered: Jun 2006
| IP: Logged |
quote:Originally posted by Uncle Smelly: LOL, nice egg, FGFC still has a nice run left in this over the next few months. Just remember to sell your shares before Jan 08, as I believe that is when the restricted shares start becoming available. Until then - if - and that's a big IF - the company does reduce the float to 30 mil, and delivers revenue and a valuation over 10 million we're all going to make a lot money. A lot left here to unfold....
Unc...fill me in on Jan. 08. what will restricted shares have to do with current shareholders?
Posts: 1307 | From: Pittsburgh, PA | Registered: Jun 2006
| IP: Logged |
posted
Don't even watch this one today, there won't be any action. Think about taking a position in XKEM for a good late week run, that's what I'm doing. We should get more news here next week.
Posts: 630 | Registered: Jun 2006
| IP: Logged |
posted
uncles you are right about a very slow day.however it shows how strong the longs are and that is the real news.when it moves i feel it will move big.just my mho.
Posts: 534 | From: florida | Registered: Feb 2006
| IP: Logged |
posted
Yeah, XKEM is moving on a 1.2 billion float. The move this will make soon on a 30 million float will be insane. I was able to make 2K on XKEM today that I'll be putting in to FGFC tomorrow. I'm sure XKEM will run more, but 2K is 2K, and I want more FGFC shares !
Posts: 630 | Registered: Jun 2006
| IP: Logged |
posted
What's your take on how much longer this takes for a nice run ? and how high do you gess it will go? I am holding a bout full,
Posts: 148 | From: Hattiesburg Ms. | Registered: Dec 2004
| IP: Logged |
posted
First Guardian Financial Corporation Files with the Delaware Secretary of State, Officially Reducing the Company's Authorized Shares to 152 Million Jul 5, 2006 9:48:00 AM Copyright Business Wire 2006 NEW YORK--(BUSINESS WIRE)--July 5, 2006--
First Guardian Financial Corporation (Pink Sheets:FGFC) today announced that it has filed with the Secretary of State of Delaware reducing its authorized shares to 152 million as approved by the Board of Directors.
The required corporate resolutions were drafted, executed and filed by the company's counsel accordingly.
"The company is fully committed to reducing its authorized share structure to the least amount possible thus enhancing shareholder value and confidence in our company going forward, the company believes that as it prepares to file for listing on the OTCBB this current reduction in its authorized shares coupled with the company's previously announced buyback plan will enhance our Balance sheet very positively within the investor and business community," stated Abraham Rosenman, President of First Guardian Financial Corporation.
Mr. Rosenman also stated "We intend to have a share structure of no more than 100 Million Shares Authorized when completed utilizing its Board approved Buyback Plan when successfully completed the share structure would be 31,931,116 shares in the public float and 68,068,884 Restricted Shares we are as obsessed with this action as we are in growing our businesses."
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests and provides financing for its own portfolio in small to mid sized businesses nationally. 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.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
posted
Mr. Rosenman also stated "We intend to have a share structure of no more than 100 Million Shares Authorized when completed utilizing its Board approved Buyback Plan when successfully completed the share structure would be 31,931,116 shares in the public float and 68,068,884 Restricted Shares we are as obsessed with this action as we are in growing our businesses."
"OBSESSED", interesting choice of language.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
| IP: Logged |
posted
First Guardian Financial Corporation Files with the Delaware Secretary of State, Officially Reducing the Company's Auth Business Editors
NEW YORK--(BUSINESS WIRE)--July 5, 2006-- First Guardian Financial Corporation (Pink Sheets:FGFC) today announced that it has filed with the Secretary of State of Delaware reducing its authorized shares to 152 million as approved by the Board of Directors.
The required corporate resolutions were drafted, executed and filed by the company's counsel accordingly.
"The company is fully committed to reducing its authorized share structure to the least amount possible thus enhancing shareholder value and confidence in our company going forward, the company believes that as it prepares to file for listing on the OTCBB this current reduction in its authorized shares coupled with the company's previously announced buyback plan will enhance our Balance sheet very positively within the investor and business community," stated Abraham Rosenman, President of First Guardian Financial Corporation.
Mr. Rosenman also stated "We intend to have a share structure of no more than 100 Million Shares Authorized when completed utilizing its Board approved Buyback Plan when successfully completed the share structure would be 31,931,116 shares in the public float and 68,068,884 Restricted Shares we are as obsessed with this action as we are in growing our businesses."
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests and provides financing for its own portfolio in small to mid sized businesses nationally. 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.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
KEYWORD: NORTH AMERICA DELAWARE NEW YORK UNITED STATES INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE SOURCE: First Guardian Financial Corporation
posted
FGFC has been doing everything by the book IMHO. I feel that this is a company working their asses off to make it to the big boards some day. I'm going to hold my small position until this plays itself through.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
posted
"The company is fully committed to reducing its authorized share structure to the least amount possible thus enhancing shareholder value and confidence in our company going forward, the company believes that as it prepares to file for listing on the OTCBB this current reduction in its authorized shares coupled with the company's previously announced buyback plan will enhance our Balance sheet very positively within the investor and business community," stated Abraham Rosenman, President of First Guardian Financial Corporation"
UMMMM, does a reduction in authorized shares have any possibility of a R/S. How do you reduce shares that are already on the market without one? THey did say a reduction in authorized shares along with the previously announced buy back. Anyone know?
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
| IP: Logged |
posted
cotton the reduction is done..no not an rs...rs's don't lower as they lower os..what they did was buy 48mil restricted prabably from some holder then retired them..which changes as to 152mil
Posts: 357 | Registered: Oct 2005
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
