Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Fortress Global Enterprises Inc - Class A FTPLF

Forest Products Lumber & Wood Production
Fortress Global Enterprises Inc produces paper pulp, security papers, and other security-related products. The company through its segments produces dissolving pulp which is primarily used for viscose/rayon manufacturers in Asia. Its business is spread across Asia where it generates most of its revenues, Europe, Canada, and International.

GREY:FTPLF - Post Discussion

Fortress Global Enterprises Inc - Class A > CEO IADELUCA
View:
Post by modulex on Aug 16, 2019 7:15am

CEO IADELUCA

ACCORDING TO CANADIAN INSIDERS, CEO IADELUCA HOLD 90,467 SHARES AT ROUGHLY $0.75 BREAK-EVEN COST. BOUGHT BETWEEN JUNE 21-29, 2019. WHY IS THE STOCK PRICE NOW ABOUT $0.30? WHY IS THE COMPANY THE SUBJECT OF A GOING CONCERN?
Comment by yyzinvestor on Aug 16, 2019 7:34am
Often a part of any C-Suite position you have to own a percentage of your income in common shares. The idea is to have your interest aligned with shareholders. Why is it a going concern? Well it's losing money every quarter as their product is selling at a 10 year low. They have a lot of debt and no feasible way to pay it off. Either a White Knight , mixture of government, re-negoiated ...more  
Comment by Contrarian333 on Aug 16, 2019 1:25pm
Yes he needs to own 3X his salary in common shares (minus DSUs) and has a certain period of time to complete those purchases. It is the decline in the DP price - to prices not seen since 2008-2009 that has created the problem.
Fortress Global Enterprises Inc - Class A