posted
Shares keep getting harder and harder to come by... took almost 30 minutes to fill a 100K order at ask.
Posts: 132 | From: SC | Registered: Apr 2006
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Today’s Price Performance as of 10:24am EDT, 9/12/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.014 Last Price 0.0010 -6.67% Today’s Change $0.01 Today’s Open 107,036 Below Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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posted
Still waiting patiently for the buyback to end. Any other stubborn longs out there? GLTA
Posts: 176 | From: Ohio | Registered: Sep 2005
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posted
Im still here top holding 230000 at this point.Not selling till it hits at least .25
Posts: 534 | From: florida | Registered: Feb 2006
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posted
I'm still here with 250K shares. BB and pink stocks have been quiet this month. Anybody have anything good going on?
Posts: 134 | From: PA | Registered: Mar 2006
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quote:Originally posted by RichBy26: I wish Browndog, it has bee a very slow month. I'm waiting on this and CSHD...
I'm waiting on both as well, 15K shares of CSHD, and 600K shares of FGFC. Although I would say that I will wait on FGFC a lot longer unless for some crazy reason we run above .50...
We are going to know what's up with CSHD pretty quickly - by 9/30 if they have not filed the 10K the that one is done. Even if they file an extension it's over. They absolutly MUST file before 9/30 or everyone holding is going to dump - including myself.
FGFC has a longer term potential - and really there is not a lot of 'hype' around it. Just Abe and his crew telling us what they are doing step by step. I'll be holding well into 2007 on this one.
Some others I'm holding;
RSHN, I still think Corr wants this to happen in a big way, but not until 2007.
DDSI, big time sleeper at some point
IPRE, why I'm holding I have no idea. I really should just dump this filth and buy more FGFC.
SOFO (not a penny) Mediasite will be huge in 2007/08
FL, just waiting on a $30 buyout
a couple others here and there...
If CSHD fails to deliver I'll re-invest those funds into FGFC.
Posts: 630 | Registered: Jun 2006
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posted
Good post US, if CSHD does not deliver I'm also putting those funds into FGFC. I only have 13500 shares of CSHD but I'm in FGFC with close to 2M... Good to see you around again! GLTY
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
We'll get there, patience is the key on this one. Just give Abe and his boys a chance to buyback the shares and then give us financials. 6 months - to a year is my target here. I'm even steven at .016 on my 600K shares so I can wait. Actually now I'm trying to slowly make those free shares.
Posts: 630 | Registered: Jun 2006
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posted
Here it is... Press Release Source: First Guardian Financial Corporation
First Guardian Financial Corporation Addresses Shareholders Concerns and Current Events Thursday September 14, 9:01 am ET
NEW YORK--(BUSINESS WIRE)--Sept. 14, 2006--First Guardian Financial Corporation (Pinksheets: FGFC - News), today will address shareholder questions and concerns, the company will also address the current business operations. ADVERTISEMENT
The company as previously announced has fully executed the contract to acquire 50 acres of prime land located in Woodstock, Ontario Canada approximately 750 feet from the new Toyota Motors Plant, the contract price is $60,000 dollars (Canadian) per acre for a total of $3,000,000 (Canadian), the company has tendered its required deposits of $80,000 (Canadian) and anticipates that we will either sell our rights in the contract for a significant profit or take possession of the property either on or before December 7, 2006. The project is a joint venture with a Canadian firm (yet to be named) with FGFC as the majority partner (51%).
The company's Buysellmerger.com site is behind schedule due to some technical problems that are being worked out, a preview (work in process) can be viewed at http://www.buysellmerge.com/bsm/default.jsp we will release the site to the public (phase one) when we are satisfied with the appearance and function ability. The company believes that the portal can pay for its self or even generate a profit, although the real motive for the portal is to generate leads for the company's lending activities.
The company is actively lending money through its Windsor Capital Unit to select projects (those that meet the criteria of the company's lending parameters). The company derives income in several ways, fees the company charges from 2% to 5% of the loan amount and also realizes income from the amount that the company pays for the money (warehouse line of credit) and what it charges the borrower i.e. we pay 8% and charge the borrower 12% the company receives the 4% spread on a monthly basis for the life of the loan, the company only will lend short term 2 years or less so we can continue to turn the funds over for more fees, we will only lend to commercial projects at a maximum LTV of 65% (low risk) with proven cash flows to service the debt. The company has several million dollars lent (in its portfolio) at this time and we will be continuing to increase that amount aggressively.
The company's Trafalgar Leasing unit is in the process of getting underway with securing a 50 million dollar warehouse line of credit, infrastructure to service the leases (collect payments etc.) either in house or outsourced and putting together our marketing team, we anticipate this unit to be producing revenues within the next two months or so.
The company's unit for acquiring distressed loan portfolios is also in the start up stages with personal and infrastructure being put in place. It is going to be from an investment stand point only meaning that the company will acquire the distressed portfolios and outsource the collection activities etc. as this is the most cost effective for the company and will yield the greatest returns i.e. if we pay 20 cents on a dollar and another 20 cents on a dollar collected by the out sourcing company with an average recovery rate of 80 cents on a dollar that will result in a 40% return to the company.
The buyback of shares on the open market is on going and will be announced each time we complete a block buyback and retire them, the reason for this process is to keep legal fees at a minimum as each time we retire a block the required resolutions need to be filed with the State of Delaware.
Finally the company is working on its audited financial statements and expects to have them by the end of the calendar year, the reason for this is to present the company in its best financial light as it gives us time to increase lending activities (revenues) get buysellmerge.com running correctly and the land acquisition (we will make a profit on a flip or own the property which will certainly bolster the financial statements as we feel with the anticipated low float after the buy back will give the company better credibility when we file to trade on the OTCBB.
"We have taken this opportunity to give a kind of a state of the company overview as we want to keep the shareholders up to speed as to what the company is doing and how it's progressing, we are a new fledging company that has just started out in February and have been methodically building a foundation for a successful company. I would also like to address certain references to Mr. Hayter, he is not associated with our company as certain shareholders have eluded to we bought his shares out and the only involvement he did have was that he sold us the company (shell) and that is it. The company philosophy is to announce what we are going to do and then announce when it has been done, we do not believe in announcing business activities that do not have a better than reasonable chance of happening or won't , I hope that we have shed some light on our company and direction today," said Abraham Rosenman President & CEO
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests 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 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
PR looks good! - company is generating revenues - putting together deals - buying back stock - auditing financials and preparing for a move to a higher exchange! everything is moving forward as they have said. with the reduced float and exchange move this will go alot higher, I for one will hold this as long as i need to and accumulate more if and when i can. thats my take! GLTA!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
Decent PR and still no upward movement.... I thought it was a good progress report, but I guess until BSM is up and running there wont be much motion.
Posts: 132 | From: SC | Registered: Apr 2006
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posted
I don't think this is going anywhere until the buyback is complete. Then the company will release the PR's to get the pps up.
Posts: 134 | From: PA | Registered: Mar 2006
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posted
not surprising it was a down day. Great news for longs, bad news for short term playa's. accumulate, accumulate, accumulate. We fly in a couple months.
Posts: 34 | From: ohio | Registered: Jul 2006
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posted
Hi everyone, I didn't follow the action with that stock. I know that company is buying back shares. Can anyone give me some updates and answer couple quastions like: 1. what's the share structure? 2. IS there any info about financials? They didn't file anything from 2002 3. When the CEO will start buying shares? 4. Any predictions about when or how are they planing to move to OTCBB or NASDAQ? R/S? 5. Any one have a link to 10 Q? Have it ever been filed? 6. I heard they are working on audited financials, some details? Thank you ahead
Posts: 130 | From: Dallas | Registered: Mar 2006
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2. IS there any info about financials? They didn't file anything from 2002
Not yet. They just purchased this company this year. Currently in process of audting financials. Per the PR sometime before, or at, end of this caldendar year.
3. When the CEO will start buying shares?
The company initiated a buyback this quarter. Check past PR's for the exact amount they are buying back. I believe it is 50M unrestricted (open market purchase) and 50M-100M restricted (purchased from previous management)
4. Any predictions about when or how are they planing to move to OTCBB or NASDAQ? R/S?
Not until the audited financials are out. IMO sometime in the 1st Quarter of 2007 since they are anticipating audited financials by end of fiscal year and they have to have audited financials to move to the OTCBB. As far as Nasnaq, no clue but one step at a time (get on the OTCBB). As far as a R/S anything is possible. Based on the backback they are doing and the moves they are making (generating revenues through means OTHER THAN DILUTION) I would suspect not. Anything is possible though. IMHO
5. Any one have a link to 10 Q? Have it ever been filed?
No. They just purchased the company this year and are in process of auditing the financials. Once they complete that and move off of the pinks and to the BB you will see regular filings.
6. I heard they are working on audited financials, some details?
They purschased the company as s shell. My understanding is that the financials had not been audited for some time. I believe they are going back to 2002 with the audit (you can verify from past PR).
Don't buy or sell on othe rpeople's opinions though. Check everything out for yourself and make your own decisions. Peace.
Posts: 9 | From: Texas | Registered: Apr 2006
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Roughly 68mil restricted, which will leave 32mil in the float. CEO plans to purchase upto 15mil shares. A lot of people upset with no news to move the stock, so the CEO may get them cheap if they dump. IMO, by looking at the volume, the buyback is about 75% done.
Roughly 68mil restricted, which will leave 32mil in the float. CEO plans to purchase upto 15mil shares. A lot of people upset with no news to move the stock, so the CEO may get them cheap if they dump. IMO, by looking at the volume, the buyback is about 75% done. GLTA
IF IT WAS 75 % COMPLETE IT WOULD BE:
1. HARD TO BUY SHARES
~IT IS ~NOT~ HARD TO BUY SHARES
2. PRICE WOULD BE INCREASING
~ CHART SHOWS DOWNTREND
3. THERE WOULD BE ALOT OF VOLUME.
~THERE HASN'T BEEN MUCH AS OF LATE
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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Today’s Price Performance as of 10:53am EDT, 9/15/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.012 Last Price 0.0015 -11.54% Today’s Change $0.01 Today’s Open 1,371,650 Average Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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