My apologies to the board for the inaccurate info. As osoaz stated, the TA gave me the CUSIP number. If the CUSIP number hadn't been 9 digits, I might have figured out something was wrong. I did have an email from the TA this morning correcting the figure.
Posts: 176 | From: Ohio | Registered: Sep 2005
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quote:Originally posted by osoaz: How accurate are these numbers...
Auithorized Shares = 390 mil.
Bought back by previous owner = 100 mil
Company buy back = 50 mil
President buy on open market = 15 mil
Restricted shares issued = 30 mil
balance 255 million shares ????
estimated gross income = $7 mil add one time winfall $1.1
$8.1 mil / 255 mil shrs. = .04 cents share
what is missing here?? Thanks
osoaz: We do have to wait for clarification on the number of restricted shares issued. Since the PR announcing the 30 million issued of restricted shares, the O/S has gone up another 15 million. Curious to see if another 5 million will be added this week.
Posts: 176 | From: Ohio | Registered: Sep 2005
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My apologies to the board for the inaccurate info. As osoaz stated, the TA gave me the CUSIP number. If the CUSIP number hadn't been 9 digits, I might have figured out something was wrong. I did have an email from the TA this morning correcting the figure.
just to clarify, the number for the O/S ( 320451107 ) is the cusip number NOT the current O/S!!! the O/S IS NOT 320+ million!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
Today would be an excelant day for FGFC to issue one of those "fluff" PR's stating the current share structure, progress of the buy back, earnings and revenue etc.. (IMO).
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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posted
--IMHO-- I beleive that once they determine the correct share structure from the NOBO, and announce the completion of the buy back, we shareholders will be right in line with what we all have been calculating out for the past few months (+ 30 mil. shares). Gross Rev will be around .04 - .05 cents per share. In regards to net rev....Hmmmmm Who knows.??? It's still an undervalued stock.
Posts: 112 | From: Tucson, Az. | Registered: Apr 2006
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posted
First Guardian Financial Corporation Agrees to Acquire Nation Wide RE for Sale Business Wire - October 25, 2006 09:14
NEW YORK, Oct 25, 2006 (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 announced that they have agreed to acquire Nation Wide RE For Sale, which is a Real Estate listing service (currently with over 600 million dollars of real estate listed) on the internet that is sponsored by advertisers and also receives revenue from premium subscribers.
The website may be viewed at http://nationwidereforsale.com the company expects the deal to close this week, the company will most likely create a wholly owned subsidiary for its internet properties that would include buysellmerge.com and this recent acquisition and others that are being discussed currently. The terms of the deal were not disclosed First Guardians internet development team led by Dr. Chang will over see the operation of this acquisition.
"We are very pleased with this acquisition as it will give our company more exposure on the internet, the company is in the process of negotiating other similar type deals and expects to add additional properties of this caliber very soon as we grow our ability to market our products and services via the internet." 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.
SOURCE: First Guardian Financial Corporation
First Guardian Financial Corporation Investor Relations, 212-572-4823 Fax: 212-572-6499 ir*guardianfinancialcorp.com
posted
I wonder how many shares they issued to pay for this? I can't imagine that they would want to spend any money from the bottom line to pay for aquisitions. I'm not being negative here but..........ok, I'm being a little negative, I'm just in a bad mood today.
-------------------- 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 9:34am EDT, 10/25/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0090 Last Price 0.0010 +12.50% Today’s Change $0.0085 Today’s Open 300,000 Above 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
comming up well on low volume! would indicate a low float? TOPSAILS post about the O/S ratteled alot of cages on the boards. glad he was wrong!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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Today’s Price Performance as of 9:47am EDT, 10/25/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0095 Last Price 0.0015 +18.75% Today’s Change $0.0085 Today’s Open 1,169,833 Above 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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quote:Originally posted by tmanfromtexas: Topsail, did the TA give you a number regarding the amount of outstanding shares? Thanks TMAN...
TMAN: I don't have the exact number here at home, but it was 290 million as of Friday. Over on Ihub, someone stated they talked to IR who said "soon" on the retiring of shares. IF IR can be believed, sounds like the O/S will be back under 100 million. Hopefully soon is less than two weeks! GLTA
Posts: 176 | From: Ohio | Registered: Sep 2005
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Today’s Price Performance as of 9:30am EDT, 10/26/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0095 Last Price 0.0005 +5.56% Today’s Change $0.0090 Today’s Open 1,517,099 Above 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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Today’s Price Performance as of 9:34am EDT, 10/26/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.01 Last Price 0.0010 +11.11% Today’s Change $0.0090 Today’s Open 3,407,099 Above 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
good observation, $50 worth of stock?! I think we know the answer - somebody who is trying to get you to sell.
Posts: 34 | From: ohio | Registered: Jul 2006
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posted
And I see it took one buy of 50,000 shares to bring it back up to 11% up???? I wish the MM would stop screwing us and let the price go up where it should be about .05 or more.
-------------------- How much is a man willing to spend to make a penny? Posts: 265 | From: Alabama | Registered: Apr 2006
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posted
What's up with the crazy early volume? Who is sitting on top of the ask? <please don't be NITE, Please don't be NITE>, sh*t, it's NITE. Possible dillution here.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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posted
If they want us to sell that bad looks like to me this stock has been shorted and when the MM's get caught on that one we will make some money then.
-------------------- How much is a man willing to spend to make a penny? Posts: 265 | From: Alabama | Registered: Apr 2006
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posted
I think if the buyback was over with they would have issued the PR before open
Posts: 558 | From: Ocala, Florida | Registered: Jun 2006
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