quote:Originally posted by madmoney: IMO this will be the next CSHD if not in 06 then definately in early 07! I can and will wait and accumulate! JMO! do what you feel!
Just saw this...funny, I'm in that one too. LONG on both CSHD & FGFC.
Posts: 2498 | Registered: Mar 2006
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I don't care about the 30 million - they're restricted for 2 years and it's better to buy the float with your cash then to give it in order to pay some one.
Go FGFC !
NOT REALLY...
JUST LIKE EVERY OTHER PINKY OUT THERE...
DILUTE SHARES BEFORE, DURING OR AFTER THE BUYBACK.
LET'S ADD ANOTHER 30 MILLION SHARES TO THE COUNT !
RESTRICTED OR NOT, THAT IS BESIDE THE POINT.
1) THEY ONLY INFORMED US BECAUSE WE WOULDN'T STOP CALLLING THEM AND ASKING. OTHERWISE THEY WOULD NOT HAVE LET US KNOW.
2) COMPANY IS TRYING TO LOWER THE SHARE COUNT TO INCREASE VALUE TO THE INVESTOR. NICE TO KNOW, SINCE AT THE FIRST SIGN OF TROUBLE WHAT DO THEY DO?
BOOM LET'S THROW MORE SHARES OUT !
SERIOUSY, ASK YOURSELF,
IF YOU ARE DOING A BUYBACK TO LOWER THE A/S AND THE FLOAT
WHY WOULD YOU IN YOUR RIGHT MIND DILUTE MORE SHARES
AND NOT TELL THE INVESTORS ABOUT IT ?
THEY LIED AND GOT CAUGHT DOING IT.
ONLY INFORMED US BECAUSE WE MADE A VIDEOTAPE OF THEM
WITH THEIR HANDS IN THE COOKIE JAR !
JUST FOR DILUTING...
30 M I L L I O N SHARES COMPANY WENT FROM B + TO D -IN MY BOOK !
SO MUCH FOR TRYING TO GET THE A/S TO 102 MILLION !
TRY 132 MILLION ! THATS LIKE 30 % MORE THAN THEY ORIGINALLY TOLD US !
THEY GOT APPROVED TO BUY A BLOCK OF 50 MILLION RESTRICTED SHARES ONLY TO DILUTE ANOTHER 30 MILLION BACK !
AWSOME !!!!!!!!!!!!
THAT MEANS YOU ARE ONLY BUYING BACK 20 MILLION !
40 % OF WHAT YOU GOT APPROVED FOR !!!
GREAT NEWS !!!
LETS BUY UP THE FLOAT AND RESTRICTED SHARES SO WE CAN LOWER THE A/S
ONLY TO LATER INCREASE IT AGAIN !!!
WEEEEEEEEEEEEEEEEEEEEEEEEE
SEE MY POINT ?
FIRST GUARDIAN FINAN (Other OTC:FGFC.PK) Delayed quote data
Last Trade: 0.0110 Trade Time: Oct 6 Change: 0.0010 (8.33%) Prev Close: 0.012 Open: 0.011 Bid: N/A Ask: N/A 1y Target Est: N/A
posted
No worries Scwab, I bought some more, this looks like a good opportunity to me. I love investor sentament, makes me alot of money. The market is banking on the investors feeling what you are trying to say, HOWEVER, PPS dropped because of a foreward split. FGFC issued a buy back to lower the outstanding so they could uplist and gain investor confidence. After the buy back is complete, which according to them is at the end of this month, they will still have considerably reduced the float. That means the PPS should logicaly increase. Worst thing about this pink market, sometimes logic has nothing to do with it........................................................ that's your cue Schwab
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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Today’s Price Performance as of 9:44am EDT, 10/09/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.01 Last Price 0.0005 -4.55% Today’s Change $0.01 Today’s Open 30,000 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
Might have something to do with another Real Estate deal, but what do I know LOL.
Posts: 154 | From: Spencerport , NY | Registered: May 2006
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posted
VeeHappy I've been looking back at some of you're predictions and their right on, are you the messiah, will you lead me to the promise land?
Posts: 154 | From: Spencerport , NY | Registered: May 2006
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Today’s Price Performance as of 11:02am EDT, 10/12/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0085 Last Price 0.0015 -15.00% Today’s Change $0.01 Today’s Open 659,569 Below Avg. Today’s Volume
quote:Originally posted by Schwabie:
quote:Originally posted by DDA: Schwabie,
I don't care about the 30 million - they're restricted for 2 years and it's better to buy the float with your cash then to give it in order to pay some one.
Go FGFC !
NOT REALLY...
JUST LIKE EVERY OTHER PINKY OUT THERE...
DILUTE SHARES BEFORE, DURING OR AFTER THE BUYBACK.
LET'S ADD ANOTHER 30 MILLION SHARES TO THE COUNT !
RESTRICTED OR NOT, THAT IS BESIDE THE POINT.
1) THEY ONLY INFORMED US BECAUSE WE WOULDN'T STOP CALLLING THEM AND ASKING. OTHERWISE THEY WOULD NOT HAVE LET US KNOW.
2) COMPANY IS TRYING TO LOWER THE SHARE COUNT TO INCREASE VALUE TO THE INVESTOR. NICE TO KNOW, SINCE AT THE FIRST SIGN OF TROUBLE WHAT DO THEY DO?
BOOM LET'S THROW MORE SHARES OUT !
SERIOUSY, ASK YOURSELF,
IF YOU ARE DOING A BUYBACK TO LOWER THE A/S AND THE FLOAT
WHY WOULD YOU IN YOUR RIGHT MIND DILUTE MORE SHARES
AND NOT TELL THE INVESTORS ABOUT IT ?
THEY LIED AND GOT CAUGHT DOING IT.
ONLY INFORMED US BECAUSE WE MADE A VIDEOTAPE OF THEM
WITH THEIR HANDS IN THE COOKIE JAR !
JUST FOR DILUTING...
30 M I L L I O N SHARES COMPANY WENT FROM B + TO D -IN MY BOOK !
SO MUCH FOR TRYING TO GET THE A/S TO 102 MILLION !
TRY 132 MILLION ! THATS LIKE 30 % MORE THAN THEY ORIGINALLY TOLD US !
THEY GOT APPROVED TO BUY A BLOCK OF 50 MILLION RESTRICTED SHARES ONLY TO DILUTE ANOTHER 30 MILLION BACK !
AWSOME !!!!!!!!!!!!
THAT MEANS YOU ARE ONLY BUYING BACK 20 MILLION !
40 % OF WHAT YOU GOT APPROVED FOR !!!
GREAT NEWS !!!
LETS BUY UP THE FLOAT AND RESTRICTED SHARES SO WE CAN LOWER THE A/S
ONLY TO LATER INCREASE IT AGAIN !!!
WEEEEEEEEEEEEEEEEEEEEEEEEE
SEE MY POINT ?
FIRST GUARDIAN FINAN (Other OTC:FGFC.PK) Delayed quote data
Last Trade: 0.0110 Trade Time: Oct 6 Change: 0.0010 (8.33%) Prev Close: 0.012 Open: 0.011 Bid: N/A Ask: N/A 1y Target Est: N/A
posted
100 million shares bought back from the previous management
minus
35 million issued restricted shares (assuming announced 30m + 5m newly discovered) these shares are not saleable for 2 years. Perhaps to close on the land deal?
plus
50 million company buyback out of the public float, claim will be done this month
plus
up to 15 million shares being bought by Abe out of the float
plus
gross profit of $1,173,000 (Canadian) before legal and other expenses on Woodstock
plus
Exclusive arranger/lender or syndicate the funding for a $100,000,000 previously announced development project - receive revenue from this deal in the form of fee income and loan serving fees.
plus
Trafalgar Leasing producing revenues soon
Let them play..
Posts: 10 | Registered: May 2006
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posted
First Guardian Financial Corporation Issues Revenues & Earnings Guidance Oct 13, 2006 9:01:00 AM Copyright Business Wire 2006 NEW YORK--(BUSINESS WIRE)--
First Guardian Financial Corporation (PINK SHEETS:FGFC), a Financial Holding Company specializing in short term high yield commercial real estate financing, leasing & business financing today issued its Revenue & Earnings projections/guidance for the calendar year 2006.
The Company expects year end gross revenues to meet or exceed $6,800,000 to $7,300,000 of which does not include a one time windfall from its land deal of approximately $1,100,000 as this revenue has not been realized yet, as the closing has not occurred when it does the revenues and net income will be revised accordingly. The Company fully expects to report positive net income of 14% to 16% on its core business operations. With the addition of the one time windfall from the sale of its interest in the land contract to bolster the bottom line even further.
The company is awaiting the revenue from the land deal so that it may be incorporated into its year end balance sheet so that it will be part of its year end audited financial statements.
The company realizes revenue from the fees (points) it collects up front from its lending activities (usually 3% to 6%) plus administrative fees/loan servicing fees and the interest spread between what the company pays for the money it lends (warehouse credit lines) and what it charges its borrowers, the spread is usually 3% to 6% on a short term basis (two years maximum).
More details will be forthcoming when the company issues its exact earnings and audited financial statements on or before the end of December.
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.