posted
woo hoo glad i got in at .005 haha but my sell hit at .008 im out:( o well good enough!!
Posts: 2794 | From: nyc | Registered: Aug 2005
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Press Release Source: First Guardian Financial Corporation
First Guardian Financial Corporation Board Moves to Reduce Authorized Shares & New Common Share Structure Wednesday June 7, 10:25 am ET
NEW YORK--(BUSINESS WIRE)--June 7, 2006--First Guardian Financial Corporation (Pink Sheets: FGFC - News) today reported that its Board of Directors has adopted a resolution on Tuesday, June 6, 2006, to reduce the Company's authorized shares of common stock by 320 million shares. ADVERTISEMENT
The reduction will lower First Guardians Financial Corporations authorized common shares from 520 million to 200 million of which (101,252,132 shares are restricted and in managements control) leaving 98,917,952 common shares available. "This resolution reflects the commitment of First Guardian Financial Corporations management and Board of Directors to restrict any dilution and build value for our current and future shareholders," commented Abraham Rosenman, President
The company has issued an additional 59,681,800 million common shares for the acquisition of Buysellmerge.com, Windsor Capital Ltd. and the establishment of Trafalgar Leasing & Finance Corporation thus after the issuance of said shares the current issued and outstanding/float stands at 78,331,916 shares.
At the same meeting, the board of directors agreed to review certain proposals to establish/obtain a revolving line of credit of up to ($10,000,000) million dollars to be used for development, growth and working capital for the company's current entities, the board of directors also agreed to continue its banking relationship with JP Morgan Chase.
"The company has taken this share restructuring to increase the value of our share price, as we believe that the company at this point is extremely undervalued and does not reflect the true value/market cap. We do not intend to increase the share structure for further growth, instead we will use revenues and traditional bank financing to grow the company going forward." 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
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NEW YORK, Jun 07, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets: FGFC) today reported that its Board of Directors has adopted a resolution on Tuesday, June 6, 2006, to reduce the Company's authorized shares of common stock by 320 million shares.
The reduction will lower First Guardians Financial Corporations authorized common shares from 520 million to 200 million of which (101,252,132 shares are restricted and in managements control) leaving 98,917,952 common shares available. "This resolution reflects the commitment of First Guardian Financial Corporations management and Board of Directors to restrict any dilution and build value for our current and future shareholders," commented Abraham Rosenman, President
The company has issued an additional 59,681,800 million common shares for the acquisition of Buysellmerge.com, Windsor Capital Ltd. and the establishment of Trafalgar Leasing & Finance Corporation thus after the issuance of said shares the current issued and outstanding/float stands at 78,331,916 shares.
At the same meeting, the board of directors agreed to review certain proposals to establish/obtain a revolving line of credit of up to ($10,000,000) million dollars to be used for development, growth and working capital for the company's current entities, the board of directors also agreed to continue its banking relationship with JP Morgan Chase.
"The company has taken this share restructuring to increase the value of our share price, as we believe that the company at this point is extremely undervalued and does not reflect the true value/market cap. We do not intend to increase the share structure for further growth, instead we will use revenues and traditional bank financing to grow the company going forward." 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.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
bought aat .0095 a while ago and it dropped immediately after. I knew it would go up, just didn't know when. FINALLY!!!
Posts: 2132 | Registered: Sep 2004
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posted
From what I read they are only going to have about 20% outstanding shares. This should drive the price way up!
Posts: 2132 | Registered: Sep 2004
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posted
They will have doubled their 20 day average in less than an hour and a half. What are your thoughts on this for the day?
Posts: 2132 | Registered: Sep 2004
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posted
I figured it would climb some, but then you have to figure how many are going to take their small profits and dump when it nears .02. May be a tough climb to .03. Hope I'm wrong.
Posts: 2132 | Registered: Sep 2004
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posted
Been holding this stock for a long time and maybe the time is here. After that last fake I knew there would be some movement down the road and hung on. I love when the instincts are on. GLTA
-------------------- ac Posts: 128 | From: canada | Registered: Jun 2006
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posted
I'm not sure I follow you Malloy. They can sell for a profit now. They'll dump and run won't they? Leaving day traders and holders to pick them up and then it can run? Not sure who you mean is the multibagger. Us or the MMs
Posts: 2132 | Registered: Sep 2004
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posted
Great job to everybody that's making profits in this puppy, lucky me my funds are unsettle until tomorrow oh well...
Posts: 438 | From: San Francisco | Registered: Apr 2006
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![[Frown]](frown.gif)
oh well...
