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[JJ_Rocks]

After your analysis I'm wondering if I should be shorting the stock along with the MM's

[Mike Gold]

After your analysis I'm wondering if I should be shorting the stock along with the MM's

What I posted only just scratched the surface. (Do I really need to go any further than their unpatented mining claims which general accounting principles allow it to only valued at the monies that they gave to BLM to maintain the claims which is a few hundred dollars?)

I find it interesting the FFGO seems to hype their property as being an area play next to the Copperstone Gold Mine. FFGO claims are a couple of miles South of it.

The Copperstone Gold Mine is ready to be restarted/further developed.  It will produce 50,000 oz/year for at least 3 years.  The company that owns that gold mine is looking for $17 million to start up production with a payback time of only 13 months.

They need equity financing or a JV partner to raise the money.

Perhaps they should ask FFGO for some money since they are getting a quarter of a billion dollars for their nearby empty piece of pristine desert property? 

Okay..I need to stop..I'm have WAY too much fun with this one!  Next thing I know, I'll be having Janice Shell call me to help out bashing FFGO on their IHUB thread! 

[GratefulReaper]

If there is no chance that you can mine the property-who would actually buy these claims for more than $225 million?
The answer of course is somebody who takes money out of their left pocket and puts it back in their right pocket.

Mike:  This is a form of securities fraud, isn't it?  Of course, naked shorting is also fraud.  So, would this be a case of fighting fraud with fraud, which may seem justified?  Morally perhaps, but which one is more likely to be prosecuted?

My prediction is that the SEC will announce an investigation, the company's accounts will be frozen, and stock trading will be halted.  So much for the dividend, so much for the squeeze.  Since I own a (relatively) small number of shares, I certainly hope my prediction is wrong.  Can anyone dispute this scenario, and show me what I'm missing here?  Brecciaboy?  WMO?

Brecciaboy: Your stated thesis has been that the two necessary components for an effective short squeeze are: 1) a company that "has the goods;" and 2) a large verified naked short position.  I do not doubt that FFGO has a huge naked short position, but do you really believe they have the goods?  And if they do not have the goods, then it looks they intend to use the "fight fraud with fraud" model to deliver a short squeeze.  Do you really think they can pull it off?

[GratefulReaper]

After your analysis I'm wondering if I should be shorting the stock along with the MM's

How do you short a stock with a zero bid unless you're a MM?

[JJ_Rocks]

After your analysis I'm wondering if I should be shorting the stock along with the MM's

How do you short a stock with a zero bid unless you're a MM?

OK, I'll give up on that idea and go back to my other investment strategy.

[themetallurgist]

OK, I'll give up on that idea and go back to my other investment strategy.

and that would be to lose money with MDMN/CDCH?  lol, j/k

[JJ_Rocks]

OK, I'll give up on that idea and go back to my other investment strategy.

and that would be to lose money with MDMN/CDCH?  lol, j/k

Hey - after seeing the butcher job that Mike did on FFGO in a matter of hours - I'm just glad we're on the same side on MDMN/CDCH.

[Handshake]

OK, I'll give up on that idea and go back to my other investment strategy.

and that would be to lose money with MDMN/CDCH?  lol, j/k

Hey - after seeing the butcher job that Mike did on FFGO in a matter of hours - I'm just glad we're on the same side on MDMN/CDCH.

well sometimes going against the grain and thinking unlogically sometimes people make a ton of money, someone prolly told Steve Jobs or a Michael Dell it wouldn't work.....If I bought FFGO it would be a guaranteed loser, and Mike using logic and facts against FFGO could mean this thing is a big winnder.  Look at Mike and my logic with Medinah....And we have made how much money after 13 years??

[Casey]

Interesting article....

http://www.prweb.com/releases/2010/07/prweb4255824.htm

New Company Formed To Fight Short Sellers
Short Stoppers, Inc. Helps Stocks Fight Off Illegal Short Selling and Stock Bashers
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We intend to assist small public companies to seek retaliation against unlawful short selling. In exchange for financing their investigation and litigation against unlawful short sellers and those who aid and abet them, we will receive an assignment of their claims and pay the client company 20% of any recovery Dunedin, Florida (PRWEB) July 15, 2010

Some of Wall Street’s most resourceful financiers have created a new firm, Short Stoppers, Inc., to fight naked short selling and stock bashers.

“We intend to assist small public companies to seek retaliation against unlawful short selling. In exchange for financing their investigation and litigation against unlawful short sellers and those who aid and abet them, we will receive an assignment of their claims and pay the client company 20% of any recovery," said Gene Newton. Mr. Newton is the President of an OTC company attacked by short sellers.

John E. Lux, author of “How the Shorts Raid Your Stock, Destroy Your Company and What to Do About It” is also a principal in the company. Bradley E. Essman, a Tarpon Springs, Florida securities attorney and former prosecutor of economic crimes, will advise Short Stoppers as to legal matters.

“We have seem some very outrageous conduct from short sellers," said Mr. Lux. "They like to pick on small, weak companies. So a company goes public, does a reverse merger, merges with an OTC shell, and instead of being able to raise money fast, they are under attack by people who want them to go out of business totally. Management does not realize that they are in a life and death battle and so they lose without knowing why.”

“These are difficult situations,” added Mr. Essman, “but we are here and we are willing to talk to anyone. There may be something that can be done about it all.”

[Mike Gold]

Hmm, more pyrite?

You all remember Ernie and SRSR? (Recall that Mike Gold really didn't like that investment.)

Seems that their geologist was previously involved in fraud so the Province of B.C. has issued a stop trading order in that province last Friday as it calls into question the validity of their technical compliance report on their property.

From IHUB:

SRSR PR on Friday calls into question the technical report which the SRSR investment thesis relies on?

See the bold below:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29740055

Posted by: Rawnoc Date: Tuesday, June 03, 2008 9:42:31 AM
In reply to: Leigh01 who wrote msg# 19635 Post # of 84527

The entire investment thesis behind SRSR rests on a report conducted by Warren Hawkins.

In the report (link here: http://www.sarissaresources.com/media/hawkins_report.pdf ), it mentions "I have worked in the exploration industry in various technical capacities since 1982, and as a
Geological Engineer from April 1989 until September 1994, and from April 2005 until the present."

The problem....the gap in his experience from October 1995 to April 2005 where Hawkins worked in the Securities industry in Canada. In May 2005 his securities license was effectively suspended by the Ontario Securities Commission and in November 2005 Hawkins settled with the OSC for a case involving apparent fraudlent activities involving Findore Minerals, a penny Ontario mining stock (at the time).

Proof of all of this is in the link provided here: http://www.osc.gov.on.ca/Enforcement/Proceedings/SET/set_20051103_hawkinsw.jsp

From the above link, Hawkins sure had movitation to misbehave again:

"23. Hawkins has been unemployed in the investment industry since May, 2005, when transfer of his license was refused by the Investment Dealers' Association. Although qualified as a geological engineer, Hawkins had not worked in that field for more than ten years until July of this year when he was given a three week contract. He has not worked at all since that time, although he continues to look for work. His spouse is also unemployed, and she is also looking for work. Currently, they are being supported by Hawkins' father."

So there you have it. All of the excitement over at SRSR is over a "Geological Report" conducted by a guy who was recently unemployed, living off his father, and lost his securities license for previous dealings with another Ontario mining penny stock.


But what did you really expect? Less than 5 months ago SRSR purchased this property for $380,000 after failing to sell it in 2007 for the owner while pocketing a commission for themselves. Of course it's not worth $4.7 billion or anything even remotely close to that.

Raw

Research & analysis on some of my favorite stocks is located on the sticky note on the SwingTrade board.

SWING TRADE BOARD: http://micurl.com/k0agcfm


 

[Handshake]

Hmm, more pyrite?

You all remember Ernie and SRSR? (Recall that Mike Gold really didn't like that investment.)

Seems that their geologist was previously involved in fraud so the Province of B.C. has issued a stop trading order in that province last Friday as it calls into question the validity of their technical compliance report on their property.

From IHUB:

SRSR PR on Friday calls into question the technical report which the SRSR investment thesis relies on?

See the bold below:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29740055

Posted by: Rawnoc Date: Tuesday, June 03, 2008 9:42:31 AM
In reply to: Leigh01 who wrote msg# 19635 Post # of 84527

The entire investment thesis behind SRSR rests on a report conducted by Warren Hawkins.

In the report (link here: http://www.sarissaresources.com/media/hawkins_report.pdf ), it mentions "I have worked in the exploration industry in various technical capacities since 1982, and as a
Geological Engineer from April 1989 until September 1994, and from April 2005 until the present."

The problem....the gap in his experience from October 1995 to April 2005 where Hawkins worked in the Securities industry in Canada. In May 2005 his securities license was effectively suspended by the Ontario Securities Commission and in November 2005 Hawkins settled with the OSC for a case involving apparent fraudlent activities involving Findore Minerals, a penny Ontario mining stock (at the time).

Proof of all of this is in the link provided here: http://www.osc.gov.on.ca/Enforcement/Proceedings/SET/set_20051103_hawkinsw.jsp

From the above link, Hawkins sure had movitation to misbehave again:

"23. Hawkins has been unemployed in the investment industry since May, 2005, when transfer of his license was refused by the Investment Dealers' Association. Although qualified as a geological engineer, Hawkins had not worked in that field for more than ten years until July of this year when he was given a three week contract. He has not worked at all since that time, although he continues to look for work. His spouse is also unemployed, and she is also looking for work. Currently, they are being supported by Hawkins' father."

So there you have it. All of the excitement over at SRSR is over a "Geological Report" conducted by a guy who was recently unemployed, living off his father, and lost his securities license for previous dealings with another Ontario mining penny stock.


But what did you really expect? Less than 5 months ago SRSR purchased this property for $380,000 after failing to sell it in 2007 for the owner while pocketing a commission for themselves. Of course it's not worth $4.7 billion or anything even remotely close to that.

Raw

Research & analysis on some of my favorite stocks is located on the sticky note on the SwingTrade board.

SWING TRADE BOARD: http://micurl.com/k0agcfm

very good DD Pyrite...I've taught you well

[themetallurgist]

and yet, even after its pps was hit, it still trades higher than mdmn 

[brecciaboy]

After your analysis I'm wondering if I should be shorting the stock along with the MM's

What I posted only just scratched the surface. (Do I really need to go any further than their unpatented mining claims which general accounting principles allow it to only valued at the monies that they gave to BLM to maintain the claims which is a few hundred dollars?)

I find it interesting the FFGO seems to hype their property as being an area play next to the Copperstone Gold Mine. FFGO claims are a couple of miles South of it.

The Copperstone Gold Mine is ready to be restarted/further developed.  It will produce 50,000 oz/year for at least 3 years.  The company that owns that gold mine is looking for $17 million to start up production with a payback time of only 13 months.

They need equity financing or a JV partner to raise the money.

Perhaps they should ask FFGO for some money since they are getting a quarter of a billion dollars for their nearby empty piece of pristine desert property? 

Okay..I need to stop..I'm have WAY too much fun with this one!  Next thing I know, I'll be having Janice Shell call me to help out bashing FFGO on their IHUB thread! 

You're about 5 layers of the onion short of finding out the play.  Think "cellar boxing" and what can happen if the bad guys fail in bankrupting a company after running up an inordinately large naked short position during which gold went up 6-fold since Homestake drilled their 50 holes.

[Mike Gold]

After your analysis I'm wondering if I should be shorting the stock along with the MM's

What I posted only just scratched the surface. (Do I really need to go any further than their unpatented mining claims which general accounting principles allow it to only valued at the monies that they gave to BLM to maintain the claims which is a few hundred dollars?)

I find it interesting the FFGO seems to hype their property as being an area play next to the Copperstone Gold Mine. FFGO claims are a couple of miles South of it.

The Copperstone Gold Mine is ready to be restarted/further developed.  It will produce 50,000 oz/year for at least 3 years.  The company that owns that gold mine is looking for $17 million to start up production with a payback time of only 13 months.

They need equity financing or a JV partner to raise the money.

Perhaps they should ask FFGO for some money since they are getting a quarter of a billion dollars for their nearby empty piece of pristine desert property? 

Okay..I need to stop..I'm have WAY too much fun with this one!  Next thing I know, I'll be having Janice Shell call me to help out bashing FFGO on their IHUB thread! 

You're about 5 layers of the onion short of finding out the play.  Think "cellar boxing" and what can happen if the bad guys fail in bankrupting a company after running up an inordinately large naked short position during which gold went up 6-fold since Homestake drilled their 50 holes.

FFGO's market cap briefly matched Medinah's today. (No doubt due to their pending announcement Monday.)

I would rate their properties at no more 1/1000th of the potential of the Alto De Lipangue...assuming that FFGO could ever get patented claims which is a HUGE assumption.

It will be interesting to see how FFGO's attorney's are able to pull off a short squeeze with near zero in assets and less than zero credibility.

If they can do it-I suppose anybody can!

[Mike Gold]

Suggest start watching FFGO very closely starting Monday morning.  If they can pull this off..Medinah will have a great template to follow.

Completion of Final Steps for Immediate Sale of Gold Interests

LAS VEGAS, NV--(Marketwire - July 29, 2010) - Fortress Financial Group, Inc. (PINKSHEETS: FFGO) has been advised by the Purchaser of its Gold interests that they have now agreed upon accounting treatment with their external Auditors. The sale of the Company's Gold interests will now be immediately consummated.

Full details of the sale of our Gold interests and the required Regulatory filings will be made public at 08:00 EDT on Monday, August 2, 2010.

TO SUM UP FFGO:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52682506