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The Company expects year end gross revenues to meet or exceed $6,800,000 to $7,300,000, is that alot of money for a company like this?
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if you do the math this PR implies a value of .05 to .09 per share depending on who you beleive about the O/S - A/S, company clarification on the share structure would definately help.
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quote:Originally posted by 100stacks: The Company expects year end gross revenues to meet or exceed $6,800,000 to $7,300,000, is that alot of money for a company like this?
yes its quite good considering most pinks are in the habit of claiming POTENTIAL revenues of 50/100 million and more and NEVER acheive anything close to those numbers. this company has been realistic and honest IMO. and the 30 million RESTRICTED shares they sold may have been factored into the A/S reduction to 102 million shares, with a tradable float of around 40 million or so this PR is pretty dam good IMO. even IF the A/S turns out to be 132 million as some are speculating it would STILL be alot lower than the VAST MAJORITY of similar stocks.
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quote:Originally posted by 100stacks: madmoney I'm new to the game, could you break it down on how you got .05-.09, and by when?
7.3 million divided by the A/S of 132 million shares ( if that is the A/S some claim because of the added 30 million restricted shares ) you will get .0553 per share.
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Press Release Source: First Guardian Financial Corporation
First Guardian Financial Corporation Issues Revenues & Earnings Guidance Friday October 13, 9:01 am ET
NEW YORK--(BUSINESS WIRE)--First Guardian Financial Corporation (PINK SHEETS:FGFC - News), 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. ADVERTISEMENT
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.
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Today’s Price Performance as of 10:32am EDT, 10/13/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0105 Last Price 0.0010 +10.53% Today’s Change $0.0095 Today’s Open 1,540,250 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
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some posters dont seem to like the factual no fluff PR`s issued by this company, this is way under valued IMO, used to have quite a following, many buyers prefer flash in the pan plays like QBIT,PYPR and similar plays, companies with little or no income or potential but with plenty of eager buyers looking for a quick score but leaving lots of hopeful bag holders waiting on the next fluff/BS PR to dig them out of the hole they fell into. this company is doing as promissed and releasing facts not fluff, longs will be rewarded. when this pops chasers will wish they got in sooner. JMHO! GLTA
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More details will be forthcoming when the company issues its exact earnings and audited financial statements on or before the end of December.
Would this be another step in the direction of up-listing perhaps. They have claimed that they aim to do it, and so far they have come through with what they say. I need this price to hold for a few more weeks, then I just might fly to New York and get some answers in person before committing any more money. If I like what I see and hear, and this price holds I might buy a couple of Mil.
-------------------- If ignorance is bliss, why aren't more people happy?
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this is the kind of ride at an amusement park where you glide around for awhile then shoot down a waterfall.....compared to most penny's where its a rollercoaster then stops leaving you wanting more......probably the worst analogy i've ever presented but hey you get my point hahaha
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I'm not sure but the company might be working with the MM's to finish buying back the shares at these low prices. When thats completed the pps should start climbing. I can .05 by at least December
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First Guardian Financial Corporation Orders NOBO List to Review & Verify Actual Shares Outstanding Business Wire - October 16, 2006 09:13
NEW YORK, Oct 16, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (PINKSHEETS: FGFC) today announced that the Company has ordered a current NOBO (Non Objecting Beneficial Ownership) list from ADP Investor Communications. The NOBO list will show the company an exact number of shares outstanding and the ownership of those shares; it is the most complete & accurate share profile that is available to the company.
The company is taking this action as we prepare to retire a large block of the company's common shares; this action is also being taken as part of preparing the company to complete its audited financial statements and filing to trade on the OTCBB.
"Once we receive the NOBO list we will review it with our auditors for any possible inaccuracies and correct such if there are any at that time," explained President Abraham Rosenman. "It seems to be that there may be some possible discrepancies and we want to be completely sure that our records are 100% accurate. Our primary interest is to have the least amount of shares outstanding as we move towards the OTCBB, and to make sure that there is no significant shorting of our shares, and if so to stop it immediately. We are committed to creating value for all of the company shareholders. As the company moves forward with increasing sales revenues and earnings from operations," said Abraham Rosenman, President.
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.
Under NI 54-101, there are two types of beneficial owners: (1) non-objecting beneficial owners (“NOBOs”), who are beneficial owners of securities who have instructed their intermediary that they do not object to the intermediary disclosing ownership information about them for the purposes of NI 54-101; and (2) objecting beneficial owners (“OBOs”), beneficial owners who object to the intermediary providing such information. “Intermediaries” are generally brokerage firms who hold securities in accounts for their clients.
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good job Abe! To break it down 100, FGFC wants to see how many shares of FGFC the MMs have naked shorted (sold shares they do not own). This essentially floods the market with air shares which makes it extremely difficult for our shares to trade at true value. It is a huge problem with pinks and OTCBBs. If the MMs did not naked short our stocks we would all be a lot wealthier. I am very glad FGFC is picking up on this, and I hope they take appropriate measures to put an end to it.
-------------------- Success is having the time and money to enjoy all of life's wonders...
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So basically for all the bashers, FGFC would never order a NOBO list if they were corrupt because it would expose themselves, correct?
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exactly 100. If the MMs wouldn't have naked shorted this stock we would be trading around .10 by now. This company is the real deal. I own 1.75 million shares and I plan on adding another 3.25 million once I cash out from CSHD. CSHD is leading the war against the MMs naked shorting. You might want to watch CSHD today, you might never see the likes of something this big again.
-------------------- Success is having the time and money to enjoy all of life's wonders...
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Rich, I own 332k and need this to blow up. I lost 30k online in the last 2 weeks. I made my biggest bet Sat. in college football Navy -2 and their starting QB tore his knee up mid way through the first quarter. I need FGFC to explode or I will be eating dog food soon.
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well I wish you the best of luck 100, but I think FGFC is a longer term play. They did state that the buyback would be completed by EOM, so we should get a nice spike off that. They also have to release news of BSM launch. If they are smart they will release a huge pr with both and then we would really take off. GLTY, I have to get back to CSHD for the rest of the day.
-------------------- Success is having the time and money to enjoy all of life's wonders...
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