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FGFC.PK

Started by skooled, June 07, 2006, 03:21:10 PM

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skooled

thing is going insane.... going to gap hard tomorrow forsure at this rate...

anyone else been watching this one or have a position in it?

hardmoney


boatguy

OK, In with you guys on FGFC ;D

In yesterday at .015

hardmoney

Right now, there's only around 116 investors in this stock. The lower the float goes, the higher this baby is gonna go! Hell, it has a low float already for a penny stock.

Check out the news!
FGFC  FGFC 
FIRST GUARDIAN FINANCIAL CORP  Other OTC 



 
Back to Headlines | Previous Story 
 
 
 
First Guardian Financial Corporation Completes Reduction of Authorized Shares and Finalizes Buyback Plan



NEW YORK--(BUSINESS WIRE)--June 19, 2006--First Guardian Financial Corporation (Pink Sheets: FGFC) today reported that the company as previously announced has completed the reduction of its authorized shares to 200 million total. The Board of Directors has also approved a buyback plan for its outstanding common shares.

The reduction of the company's authorized shares to 200 million total now brings the capitalization of the company to 116,250,132 shares restricted and in management's control and 81,931,116 outstanding and in the public's hands (float) for a total of 198,182,048 shares. "The company has reduced within the last thirty days or so the authorized capitalization from 520 million shares down to 200 million shares now, and we are reviewing ways to further reduce the company's authorized shares," said Abraham Rosenman, President.

The Board of Directors has approved management's buyback plan and budget; it is the company will buyback up to 50 million shares at a maximum price of 0.06 per share for a budgeted commitment of $300,000.00, thus reducing the company's capitalization to 150 million shares. "We are committed to the least amount of available shares available thus enhancing the value of our company," said a member of the Board of Directors.

"The company is fully determined to have as little as necessary of its stock available as possible; we are intent on increasing shareholder value while building our company, as you all can see we are very aggressive in our plan going forward, and it is about to get even more aggressive as we position our company to advance to the OTCBB," stated Abraham Rosenman President of First Guardian Financial Corporation.

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.


    CONTACT: First Guardian Financial Corporation
             Investor Relations, 212-572-4823
             Fax: 212-572-6499
             [email protected]

    SOURCE: First Guardian Financial Corporation



boatguy

#4
FGFC looking like it wants to take off again! Closed at HOD with high volume. ;D

Up on this news:

First Guardian Financial Corporation Agrees to Acquire Another 50 Million Common Share Block from Its Predecessors, Thus Reducing the Outstanding Restricted Shares to Less Than 20 Million & Commences Buyback Program

"When the entire buyback program is completed the company expects to have no more than 50 million shares authorized and approximately no more than 35 million shares in the public float thus creating the appropriate shareholder/investor value as we proceed to applying for listing on the OTCBB."

http://biz.yahoo.com/bw/060711/20060711005518.html?.v=1

4 million share trade at 4:02pm- Buy back started?

Tomorrow should be interesting!

hardmoney

What's happening boatguy? Looks like we have FGFC up on plane. Time to trim it up!

boatguy

Hardmoney- Looks like we are going up again!

Sails are sheeted hard, don't know about that stinkpot stuff ;)

Goodluck

hardmoney

Boatguy, you totally lost me with all that blowboater terminology ;D

So what do you think is in store for this damn company?

hardmoney

Glad I held onto the reigns of this stock. I bought high in June, and have been patiently awaiting the current price action. I think it's only the beginning. Check out the charts:

http://bigcharts.marketwatch.com/intchart/frames/main.asp?time=6&freq=1&compidx=aaaaa%3A0&comp=NO_SYMBOL_CHOSEN&ma=0&maval=9&uf=8&lf=1&lf2=4&lf3=2&type=4&style=320&size=2&sid=0&o_symb=fgfc&startdate=&enddate=&show=&symb=fgfc&draw.x=78&draw.y=8

Those bollinger bands are looking NICE!

justastock

News >

First Guardian Financial Corporation Enters Exclusive Financing Agreement with Start up Chain of Dental Clinics in China

NEW YORK, Mar 12, 2007 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets:FGFC) has entered into an agreement with the United States representatives for a group that is developing a chain of Dental Clinics in China to be the exclusive financier.
First Guardian Financial Corporation will arrange/provide the start up funding, and may also consider/negotiate an equity stake in the company. The company expects to receive the usual and customary fees for this transaction (percentage of the loan amount, points) and loan serving fees etc.

Yank Liu (Mr.) principle of The Dental Clinics of China has stated per the company's business plans executive summary that the company expects the opening of 100 dental clinics, covering 10 major cities within the next 10 years through chain operation mode, creating a leading domestic brand; "Our success will be based on three key factors: service standardization, management standardization, technique standardization."

About First Guardian Financial Corporation:

The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invest/Joint Ventures and provides financing for its own portfolio in small to mid sized businesses nationally. 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




CONTACT:          First Guardian Financial Corporation
Investor Relations, 212-572-4823
Fax: 212-572-6499
[email protected]
www.guardianfinancialcorp.com


Copyright Business Wire 2007

-0-

KEYWORD:          United States
                  China
                  Asia Pacific
                  North America
                  New York
INDUSTRY KEYWORD: Health
                  Dental
                  Professional Services
                  Banking
                  Finance
                  Construction & Property
                  Commercial Building & Real Estate
SUBJECT CODE:     Product/Service



"When you lose, don't lose the lesson"

justastock



"When you lose, don't lose the lesson"

justastock



"When you lose, don't lose the lesson"