FFGO - Fortress Financial Group - To Be Or Not To Be

FFGO has an astounding 5 trillion shares authorized and 33,295,377,817 shares outstanding. For those that are not good with all of those commas and numbers the outstanding shares are over 32 Billion! Truly a remarkable number. Even more remarkable is the amount of buying taking place for this stock. Almost a billion shares traded hands yesterday alone. Why would anyone want to buy a stock that has been clearly diluted to such etremes?

One reason is the steady release of news from the company as well as almost 2 billion shares being bought back by the company so far. The company has pledged, per its June 12th PR, to spend $5 million on share buybacks. If the $5 million is truly utilized to buyback company shares then the recent volume might just be warranted.

Then again with no market maker currently on the bid at $.0001 you would be hard pressed to find a buyer for you shares. But that could all change very soon.

FFGO is a speculative stock were you could lose your entire investment. Don't invest a penny more than you can afford to lose.