Last week we wrote about FFGO and the possibility that a stock, with a trillion shares authorized and over 35 billion shares outstanding, could actually run. At the time the stock had no bid and you could have bought a few hundred million shares if your heart desired.
Today FFGO has surged ahead from the .0001 to close at $.0006, an impressive rally for a stock that many had laughed at for having such a bloated share structure. Then again this is the sub-penny stock market and many rules just don't apply here.
Bloated share structure? No one seems to care as billions of shares are traded each week and the company keeps the press release spigot on. Also consider the 5+ filings with the SEC this month alone, which gives some validity to the slew of PR's.
This stock will be interesting to follow the coming days and possibly weeks. Is it just gaining momentum or was today the day it peaked? Either way it has been a remarkable run and surely has made some people very happy along the way. If only every other penny stock could do the same.
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