posted
So I said to myself this morning, Jim (because that's what I call myself)If this stock has so much upside potential, why don't you buy some more? So this morning I did my part and threw some more cash at the ask. So now I wait, alone apparently.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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posted
No Jim your not alone. I have more than I should have in this. If it goes north I'll be happy, very happy. It's just hurry up and wait
Posts: 148 | From: Hattiesburg Ms. | Registered: Dec 2004
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posted
I'm sure you've all seen this. this is a very good thing
First Guardian Financial Corporation Enters Negotiations to Acquire Another 50 Million Share Block of the Company's Outstanding Restricted Shares thus Further Reducing the Company's Authorized Shares Business Wire - July 06, 2006 10:32
NEW YORK, Jul 06, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets:FGFC) today announced that it has entered negotiations to acquire another block of 50 million outstanding restricted shares.
The Company keeping with its stated commitment to reduce its share structure is very optimistic that a deal to acquire this block of restricted common shares can be achieved, If the company is successful in its efforts the result will be another reduction in outstanding shares to a total of 102 million authorized shares.
"The company continues to position itself for listing on the OTCBB this potential additional reduction in the company's authorized shares coupled with the company's previously announced buyback plan would be huge," stated Abraham Rosenman, President of First Guardian Financial Corporation. Mr. Rosenman also stated "We expect to get it done within the next couple of days."
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
First Guardian Financial Corporation Enters Negotiations to Acquire Another 50 Million Share Block of the Company's Out Business Editors / Financial Editors
NEW YORK--(BUSINESS WIRE)--July 6, 2006-- First Guardian Financial Corporation (Pink Sheets:FGFC) today announced that it has entered negotiations to acquire another block of 50 million outstanding restricted shares.
The Company keeping with its stated commitment to reduce its share structure is very optimistic that a deal to acquire this block of restricted common shares can be achieved, If the company is successful in its efforts the result will be another reduction in outstanding shares to a total of 102 million authorized shares.
"The company continues to position itself for listing on the OTCBB this potential additional reduction in the company's authorized shares coupled with the company's previously announced buyback plan would be huge," stated Abraham Rosenman, President of First Guardian Financial Corporation. Mr. Rosenman also stated "We expect to get it done within the next couple of days."
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 NEW YORK UNITED STATES INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE MERGER/ACQUISITION SOURCE: First Guardian Financial Corporation
posted
I look for a close of .018.This is good news but the real test is going to be when they release actual buyback figures for commom shares
Posts: 534 | From: florida | Registered: Feb 2006
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posted
as i said in an earlier post the buy back will take time. considering the current price and the companies stated war chest of 3 million for the buy back up to .06 it occurred to me they should be able to buy back alot more than they thought and today they announced they will!. of all the pinks i heve seen that state they are going to a higher exchange this is the only one i believe will actualy do it!, i dont see any huge runs anytime soon but this is one pink i can safely accumulate on these frequent dips to hold long. they are doing everything right in my opinion and thats extremely rare for a pinksheet company. in the months to come this could realy skyrocket!. do your DD and good luck!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
I'm holding my shares too. There has been just tooo much good news recently for me to sell even if the price has dropped a little.
Posts: 2498 | Registered: Mar 2006
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posted
"The company continues to position itself for listing on the OTCBB this potential additional reduction in the company's authorized shares coupled with the company's previously announced buyback plan would be huge," stated Abraham Rosenman, President of First Guardian Financial Corporation. Mr. Rosenman also stated "We expect to get it done within the next couple of days."
50 million in the next couple of days, exciting time to be in FGFC.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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posted
Hey everyone, just checking in after my vacation. Great news out today and yesterday! 100K shares with 30mil float and 70mil restricted is amazing for a pink. Once we hit the OTC and launch buysellmerge.com we should really take off. I'm holding my 700K shares for at least a year, so these little ups and downs don't matter much. But, if they keep their act together in one year my shares might actually be worth some real $$$$. I'll check back in next week, have a great week everyone
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
Did anybody notice that buy for 2.1 million that went through at 3:17. Very nice!
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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NEW YORK--(BUSINESS WIRE)--July 7, 2006-- First Guardian Financial Corporation (Pink Sheets: FGFC) today announced that it will seek to establish a warehouse line of credit of up to 100 Million Dollars for its leasing and commercial real estate finance operations.
The Company will attempt to establish said warehouse line of credit through major financial institutions and/or a consortium of banks, pension funds, and insurance companies or others. The warehouse line of credit will be secured/backed by the financing instruments generated by the company.
"The establishment of a warehouse line of credit will enable the company to generate an increased leasing and lending volume, thus enabling the company to generate a higher dollar volume of lending activities, thus generating more fee revenues." Said Abraham Rosenman President First Guardian Financial Corporation Mr. Rosenman also stated "that we are very confident that we will be able to negotiate a warehouse line of credit in the very near future as it essential to the company's growth plans."
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
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posted
Keep accumulating...eventually the float will be dried up and will run like a banshee.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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posted
lost my shirt trying to flip XKEM again...what's up with FGFC? Been watching this for a while. Seems like they put out great news all of the time, but it doesn't move much. Thoughts about getting into this? Time frame for the play? TIA!
Posts: 2741 | From: Seattle | Registered: Feb 2005
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posted
My personal opinion is that it is not going to move signifagantly until after the new share structure is complete and announced AND they release audited financials, which they said they would do. FGFC has followed through on everything that they have said so far and I see no reason for them to stop, I am long in this and will to continue to accumulate as funds become available. My two cents.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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posted
Good day, ended even. 'Seeking' 100 million. Wow, something big is definately up here. This may prove larger than I thought, we may see a SPEA run here if they get that float down to 31 million.
Posts: 630 | Registered: Jun 2006
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quote:Originally posted by Uncle Smelly: Good day, ended even. 'Seeking' 100 million. Wow, something big is definately up here. This may prove larger than I thought, we may see a SPEA run here if they get that float down to 31 million.
Heres my two cents. I think they are releasing PRs regularly to keep the daily volume up so they can accumulate their 50 mil shares quickly. I think we will see news sooner than we expect confirming the buy back is complete. It's also helping keep the pps from dropping to low, thus boosting investor confidence. If they complete the buyback before the move to the OTC and the launch of buysellmerge.com we might see some nice gains. The real test will be when we see the audited financials. GLTA
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
I am long on this one as well. I did get in a little higher than most and I am sitting at a loss but based on what I am seeing and reading this looks very good.
If my next flips on UPZS and NPYC pan out I will put some more into this one.
-------------------- - "Pay it Forward" Posts: 1524 | Registered: Jun 2006
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posted
I'm in at .024, and then I've averaged down to .018, these pps numbers won't matter when the float is 31million. If they can show some decent financials there will be a re-valuation of the pps significantly higher. SPEA did the same thing in '04, one day they annouced a huge real estate purchase and they went from .11 to $8, and then onto $20 after the name change. Nuts, but it does happen with low floaters.
Posts: 630 | Registered: Jun 2006
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posted
Hey U. smelly, I gave you a couple more stars! I'm in at .013, but I agree these pps won't matter here shortly. What do you think of my post from earlier today concerning the regular prs?
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
Your post makes a lot of sense, while the pps isn't moving up it's holding strong and we are seeing some great volume days. There has definately been the opportunity to conduct some buybacks !
Posts: 630 | Registered: Jun 2006
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posted
Right, some big buys have been going through late in the trading day. I wrote to them last week and asked them about this very question. Their response was that their accumulation was privilaged information. I believe that they are well on their way to the 50mil and have been for some time, JMHO. It leaves some interesting questions to say the least, but I don't think we are dealing with a normal Pink here. Your post about SPEA may be right on target...
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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