Fortune Financial Systems FFSY Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Fortune Financial Systems FFSY

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KrisCo who wrote (300)	7/20/1999 7:11:00 AM
From: KrisCo	of 316

What's behind FFSY... Former CEO Roger Royce (mis)managed to get FFSY some toxic financing via convertible preferred stock issued to Deere Park Capital Management and the ProFutures Special Equities Fund as the "investors". The resulting "Death Spiral" brought the stock price down from $9 to our present lows. In Jan and Feb this year the "investors" went for the throat. A new BOD was put in, Roger Royce was kicked out, they moved operations from Utah to Florida and BOD chairman Douglas Shane Hackett was appointed as the new CEO. The coup was completed when FFSY issued 32,409,949 shares of common stock to the "investors" in lieu of payment of any funds to the "investors". FFSY now has 53,377,902 shares of common stock outstanding. Now that this is behind FFSY, lets get MOVING!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next