posted
Most pinks don't give a damn about their OS and will dilute up to the A/S. Then they do a reverse split and start the whole cycle again.
These guys want a higher share price and know that it's easier to attain when there are less shares available. They also want to give investors confidence that they won't dilute the crap out of it.
I'm an investor and really feel that the only direction the stock can go is up.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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posted
here is my email and FGFC's response...very nice FGFC; could please clarify if FGFC is void or deliquent to include share count as shown in this Delaware document, could you please comment if this document is incorrect and or has been updated..... a major concern thanks 1SG Wendell Nygren ///////////////////////////// Dear Wendell,
Our attorneys have been in touch with the State of Delaware and they have assured us that all franchise taxes are current, and we have filed the necessary resolutions reducing the authorized shares to 152 million and we were informed that the system (State of Delaware) should be updated and will reflect such this week.
We will be keeping an eye on it to be sure that it is done, and all corporate information is reported correctly.
quote:Originally posted by kt325ci: Most pinks don't give a damn about their OS and will dilute up to the A/S. Then they do a reverse split and start the whole cycle again.
These guys want a higher share price and know that it's easier to attain when there are less shares available. They also want to give investors confidence that they won't dilute the crap out of it.
I'm an investor and really feel that the only direction the stock can go is up.
well said.. and I have no doubt that we will go through the roof with the current activities of the company..
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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quote:Originally posted by Uncle Smelly: 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.
posted
They have announced several buybacks to reduce the float. My thinking is THEY KNOW the price will go up in the near future!
Posts: 2498 | Registered: Mar 2006
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posted
Anyone else see this trend? Red every day until right around 3pm?? People are crazy for selling their shares because FGFC is scooping them up everyday right around this time. I'm long with my shares and adding more shortly. FGFC is betting on their own success, and that is key to this investment. We might hear crickets for a while, but the storm is coming...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
Fgfc was allowed to buy back 552,000 shares to day. look at last four sales one was for 1,000,000 and the other three totaled 452,000.there is no doubt that they are buying back shares.Who is crazy enough to sell now.
Posts: 534 | From: florida | Registered: Feb 2006
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posted
FGFCs pr a while back said they would purchase shares up to .06, which they believed was still 40% discounted to their market value. I'm not sure how they determined that, maybe their financials gave them that base. But, that still does not take into account their latest business ventures including the casio deal, establishing 100 mil in warehouse credit lines and buysellmerge.com, which is launching sometime this month or next. Selling 1 mil shares at .01 is just stupid. I'll bet that person will be kicking himself when the float is 30mil and they anounce good news.
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
Some of the late trades today were me getting filled at the bid of .0155. Accumulation is the key. The float will be gone before we know it.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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posted
Yes, everyday is a day closer to that magic 31 million float. Those who don't own on that fateful day they announce the completion of the buyback will have many regrets ! Some great DD being done on Ihub by talkingmammal.
Posts: 630 | Registered: Jun 2006
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posted
JimSC, that chart is getting all me excited. Really a thing of beauty, we should see the next big 'ol white candle soon.
Posts: 630 | Registered: Jun 2006
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First Guardian Financial Corporation Agrees to Acquire Another 50 Million Common Share Block from Its Predecessors, Thu Business Editors
NEW YORK--(BUSINESS WIRE)--July 11, 2006-- First Guardian Financial Corporation (Pink Sheets: FGFC) today announced that it has agreed to acquire another block of 50 million outstanding restricted common shares & commences its previously announced buyback program.
The Company keeping with its stated commitment to reduce its share structure has reached an agreement to acquire another block of 50 Million Restricted Common Shares from the previous management, with this purchase the company's authorized shares will be reduced to 102 Million.
The company now after completing this purchase of 50 million restricted shares coupled with the previous purchase and retirement of 48 million restricted shares will now focus on its stated buyback program to further reduce its authorized and outstanding shares even further.
"The company keeping with its stated objective of reducing the number of authorized and outstanding shares is extremely pleased to have been able to reach this agreement to acquire this block of 50 million shares and now will focus on buying back additional shares on the open market and retiring them to the company's treasury," stated Abraham Rosenman, President of First Guardian Financial Corporation. Mr. Rosenman also stated, "When the entire buyback program is completed the company expects to have no more than 50 million shares authorized and approximately no more than 35 million shares in the public float thus creating the appropriate shareholder/investor value as we proceed to applying for listing on the OTCBB."
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 SOURCE: First Guardian Financial Corporation
posted
crap, I really didn't want to see any good news yet. I still have an open order at .0155 that was getting partially filled yesterday.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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First Guardian Financial Corporation Agrees to Acquire Another 50 Million Common Share Block from Its Predecessors, Thu Business Editors
NEW YORK--(BUSINESS WIRE)--July 11, 2006-- First Guardian Financial Corporation (Pink Sheets: FGFC) today announced that it has agreed to acquire another block of 50 million outstanding restricted common shares & commences its previously announced buyback program.
The Company keeping with its stated commitment to reduce its share structure has reached an agreement to acquire another block of 50 Million Restricted Common Shares from the previous management, with this purchase the company's authorized shares will be reduced to 102 Million.
The company now after completing this purchase of 50 million restricted shares coupled with the previous purchase and retirement of 48 million restricted shares will now focus on its stated buyback program to further reduce its authorized and outstanding shares even further.
"The company keeping with its stated objective of reducing the number of authorized and outstanding shares is extremely pleased to have been able to reach this agreement to acquire this block of 50 million shares and now will focus on buying back additional shares on the open market and retiring them to the company's treasury," stated Abraham Rosenman, President of First Guardian Financial Corporation. Mr. Rosenman also stated, "When the entire buyback program is completed the company expects to have no more than 50 million shares authorized and approximately no more than 35 million shares in the public float thus creating the appropriate shareholder/investor value as we proceed to applying for listing on the OTCBB."
Posts: 148 | From: Hattiesburg Ms. | Registered: Dec 2004
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posted
Wizard needs volume badly.... lol. Looking good so far... and awaaayyyyy we go
Posts: 97 | From: North Carolina, USA | Registered: May 2006
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to the Vets: is this just a matter of time.....thoughts?
First Guardian Financial Corporation Agrees to Acquire Another 50 Million Common Share Block
First Guardian Financial Corporation Agrees to Acquire Another 50 Million Common Share Block from Its Predecessors, Thus Reducing the Outstanding Restricted Shares to Less Than 20 Million & Commences Buyback Program Business Wire - July 11, 2006 08:44
NEW YORK, Jul 11, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets: FGFC) today announced that it has agreed to acquire another block of 50 million outstanding restricted common shares & commences its previously announced buyback program.
The Company keeping with its stated commitment to reduce its share structure has reached an agreement to acquire another block of 50 Million Restricted Common Shares from the previous management, with this purchase the company's authorized shares will be reduced to 102 Million.
The company now after completing this purchase of 50 million restricted shares coupled with the previous purchase and retirement of 48 million restricted shares will now focus on its stated buyback program to further reduce its authorized and outstanding shares even further.
"The company keeping with its stated objective of reducing the number of authorized and outstanding shares is extremely pleased to have been able to reach this agreement to acquire this block of 50 million shares and now will focus on buying back additional shares on the open market and retiring them to the company's treasury," stated Abraham Rosenman, President of First Guardian Financial Corporation. Mr. Rosenman also stated, "When the entire buyback program is completed the company expects to have no more than 50 million shares authorized and approximately no more than 35 million shares in the public float thus creating the appropriate shareholder/investor value as we proceed to applying for listing on the OTCBB."
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.