posted
i just added 10 mil to my total today, lol. seriously i cant believe some of these share totals. JMO take them lightly but dont buy this stock because of it.
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I'm glad that FGFC is responding to inquiries sent through their contact page. Dear xxxx
The company will retire all shares that it acquires to the treasury, The President & Ceo is Mr. Abraham Rosenman and he receives a minimum salary at this time of $2000.00 per month, Mr. Mohammed President of Windsor Capital Ltd. & Director of Buysellmerge.com also receives $2000.00 per month as First Guardian Financial Corporation is a growing business, the board of Directors will not allow or authorize exorbitant salaries for its executives until they produce a profitable and stable operation.
The Board of Directors is made up of four highly successful business men who do not receive any compensation at all for their duties at this time.
All directors and officers holdings are restricted for two years.
The company has a definitive plan for success and that plan includes no monetary waste and creating shareholder value while building solid assets.
I hope we have answered your questions, please feel free to contact us with any more that you may have.
Kindest Regards, Investor Relations Team First Guardian Financial Corporation
-----Original Message----- From: xxxx
Sent: Saturday, July 08, 2006 11:26 AM To: info*guardianfinancialcorp.com Subject: WebSite Contact
Below is the result of your feedback form. It was submitted by xxx on Saturday, July 8, 2006 at 10:25:46 ---------------------------------------------------------------------------
your_name: xxx phone: xxx
through: other
comments: What the corporations intentions are with the shares that they intend to buyback, will those shares be retired? Also who are the corporate officers and what are their salaries? I would like to know how many people represent the corporations Board of Directors and what are their salaries as well as a complete list of names of all those on the Board of Directors? I would like to know the afformentioned Officers and BOD share ownership numbers and if those shares are restricted, for how long, etc.?
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posted
Excellent DD kt325ci , there's the reason why they want to increase the pps. They probably have shares and this is the only way the will make money !
Boys we have a winner here. The MM's won't be getting my shares for less that $1.
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posted
Does anyone else have a small problem with the amount of money that FGFC pays the exec's? With offices in New York I would imagine that rent alone for a single bedroom apt. is 5-700 per month. I manage a Co. that makes between 7-9m per year and my salry is between 5-6k per month. I was under the impression that fgfc made a little more money than that. Maybe I am way of base here, I am definatly not bashing, just asking the questions that need to be asked.
-------------------- If ignorance is bliss, why aren't more people happy?
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posted
My guess is that they don't really NEED the money right now. I'm sure they have enough to pay the bills. They also know that money is right around the corner once they get the business off the ground and bringing in substantial revenue.
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posted
Jim This is a new co. If thert is funds to pay them what they are paying them at first is good. Not to say anything about overhead. When I started my co. There were lots of times I couldnot pay myself. I had to pay the help and building rent power water and on & on. So if they can pay them that small amount each month at the start is good. They seem to be putting the co 1st.Just MO
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I don't have an issue with the salaries provided we DD these guys and find they are well off as it is.
They are committing substantial amounts of cash to this buyback. There is money in this company somewhere.
Also, I thought originally it was mentioned that the restricted shares prior to this PR were anticipated to age Feb '07. Seeing a 2 Year lag now is very good for us in the near term. I think there is no questions (in my mind) that they will create more shares one way or another in the next two years. But by doing it with a smart plan they can do it effectively with minimal impact. I can't say what they will do. It does appear they are sticking to a good plan for now.
-------------------- - "Pay it Forward"
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posted
I am wondering who would accept a position for 24k a year. I worked for a roofing contractor in high school and made $16/ hour - 15 years ago! Something suddenly is not sitting right with me. Some of the press releases I have seen have bothered me as well. For instance, the casino release. Why would you release information about a possible casino venture knowing full well that private companies legally can not own a casino. Even if you were working behind the scenes to change the laws, I certainly would not go public with the information and get any and all opponents of casinos all wriled up. Something is not sitting right here.
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posted
I am going to stop posting the entire share count by individual. Instead I am goin to post the lower portion of the spread sheet that showes the total shares and percentages. If anyone has any changes just PM them to me and I will adjust accordingly. I am still long.
Total Shares 26,018,600
% of 102M 25.51% % of 50M 52.04% % of Future Float 86.73% (Assumes 20M Restricted, 30M Float) Total # of Shareholders 52
-------------------- If ignorance is bliss, why aren't more people happy?
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posted
First Guardian Financial Corporation Establishes U.S. Receivables & Management Company Subsidiary First Guardian Financial Corporation (Pink Sheets: FGFC) today announced that the company has established a wholly owned Receivables & Management subsidiary to be named U.S. Receivables & Management Company, a Delaware Registered Company.
The Company will engage in the purchasing and the debt recovery of sub-performing and non-performing receivables. These portfolios of receivables will be acquired at deep discounts and will be outsourced for collections on a contingency basis.
Third-party debt/recovery companies returned $39.3 billion to the U.S. economy in 2005. (Source: "Value of Third-Party Debt Collection to the U.S. Economy: Survey and Analysis," PricewaterhouseCoopers, June 2006.)
U.S. debt/recovery companies earned $12.1 billion in 2005. (Source: "Value of Third-Party Debt Collection to the U.S. Economy: Survey and Analysis," PricewaterhouseCoopers, June 2006.)
"We feel that the establishment of this subsidiary fits our business model of a full service financial company, while adding another service/product line for our business customers. It is the company's intention upon completion of its buysellmerger.com unit that these services can be cross marketed to its clients and will enhance the revenue of the company. We intend to utilize warehouse lines of credit to acquire select portfolios of receivables that will yield the company the greatest return on investment," said Abraham Rosenman, President of First Guardian Financial Corporation.
About First Guardian Financial Corporation:
The company provides Commercial Real Estate Financing & Invests/Lends for its own 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.
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.
quote:Originally posted by rothiraman: I am wondering who would accept a position for 24k a year. I worked for a roofing contractor in high school and made $16/ hour - 15 years ago! Something suddenly is not sitting right with me. Some of the press releases I have seen have bothered me as well. For instance, the casino release. Why would you release information about a possible casino venture knowing full well that private companies legally can not own a casino. Even if you were working behind the scenes to change the laws, I certainly would not go public with the information and get any and all opponents of casinos all wriled up. Something is not sitting right here.
The salary issue doesn't bother me at all. The CEO can be getting paid in options or reserved shares. If that's the case the more higher the price per share goes & the better the company does the more money they will make in the long run.
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posted
I suppose I can buy that explanation for the salaries. There is just some little things that bother me in the releases. The wording, at times, seems to be at an 8th grade level. Other things like calling it buysellmerger.com instead of buysellmerge.com in the previous release. Maybe it is just me and my obsessive compulsive nature, but I would not release something until I double checked it.... four times.
I only have about $600 in this puppy. This is only the second penny stock I have been in. I am willing to tke the risks at this level, but I'm not so sure I'd be as comfortable if I had 3-6 million shares as some claim to have. Even at a penny a share, that's a lot of bread even to people who are wealthy. Hell, Martha went to prison over a deal that only saved her about $60K.
-------------------- money...share it fairly, but don't take a slice of my pie.
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posted
rothiraman, I'm in the group that claims to have between 3-6 million shares and let me tell you...it ain't comfortable!!! But, I didn't get into pennys for comfort. $$$$$ GLTY
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posted
You're absolutely right rothiraman. 3 to 6 million shares is a big risk. I know they say the the bigger the risk the bigger the reward but it works moreso the other direction. Hey, if this were a sure thing we would all take out an equity loan on our homes and buy every share available. Hopefully it will come back. After MOTG I feel snakebit. GLTA.
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posted
No one said this would happen over night so we have to wait and see. Nothing is for sure but there will be a place to get out if you want to. It will go back to .02 and up how much who knows. I have not forgetton how SFED took me to the cleaners. I have no choice but to hold and wait at least until it gets to .018 to get out even. I do think this is going to take some time at least 2 or 3 more months.
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posted
I got out of xkem with pretty good $$, decided to jump into FGFC instead of FHAL two weeks ago. Looks like I made the wrong call there. I thought FGFC has better long term potential. Actually I still do until management does or says something to change my mind.
posted
I made the same mistake, I sold my FHAL for a small profit. Today I could have turned a 75k profit with what i held. owell, the same can easily happen with FGFC when all of the pieces of the puzzle come together. I'm holding.
-------------------- If ignorance is bliss, why aren't more people happy?
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