Fortress Global Enterprises Inc - Class A FTPLF

REGULATORS (GOVERNMENTS) SHOULD BAN PENNY-STOCKS COMPANIES

[modulex]

It comes to my mind that market regulators, governments should legislate so that any public company wishing to obtain a listing be at all times trading at share price or $1.00 or above.  Once it becomes a penny-stock, it becomes automatically suspended from trading.  CEO's and CFO's of these companies would then have to appear before a panel to explain why they can't maintain a share price of $1.00 or above for their company.  Regulators would be able to look at their books and see what makes these companies bleeding red ink.  Until these companies demonstrate that they can operate of sound financial grounds, their shares would remain suspended of trading.  I have not yet given all hope about FORTRESS and thank YYZINVESTOR for your comments to my previous posting today, but when you look at a company like STORNOWAY DIAMONDS (symbol: SWY).  I remember full well when that company was perhaps $0.90 and had their mine opened in the province of Quebec.  I was told that it had a very promising future.  It is trading today at $0.02, on the even of bankruptcy.  A shareholder who bought for example 100,000 shares in the past few days at $0.03 is now wiped out of $3,000.00, in a few days.  If SWY's stock had been required to trade at least at $1.00 from the day it got listed, this meltdown would not have happened.  Public companies who do not meet the standard of a $1.00 share price or above at all times should therefore be flatly refused any listing.  I have bought FGE on the ground that CEO Iadeluca bought shares, according to Canadian Insiders from $0.50 up to $0.95 during the period of June 21 to June 29, 2019.  When FGE now says in August 2019 that it is facing a wobbling going concern scenario, it is highly questionable why its CEO bought approximately 90,000 shares only a few months ago.  I have been hitten hard as a former CATALYST PAPER shareholder, during the mandate of Ex-CEO Richard Garneau.  The company filed for bankruptcy and less than 18 months later was back again trading under a new management team.  One of the fellows who came on board in the so-to-speak CATALYST No. 2 version was Joe Nemeth.  CATALYST No. 2 was bought out for $0.50 under Joe Nemeth's leadership.  Mr. Nemeth is now Chairman of the Board at FORTRESS PAPER.  As i am writing these lines, what guarantees us FGE shareholders that we are not in fact investing in a death-trapped company?  A company that alleges that it is a going concern, should automatically ring an alarm signal to Regulators and such company slapped with a cease-trade order.  Just to come back on SWY, mentioned above.  What on earth does it gives someone to put their money in a company that will be worthed $0.00 in a very near future?

[Straite]

Your reaction shows you are not doing your due diligence. Don't buy a stock only because the CEO buys. Also, the fact the stock price declines (due from a bunch of people selling, not necessarily doing due diligence either) from 0.6 to 0.15 means nothing if there has been no fundamental change in the company or news that would suggest upcoming fundamental change. The CEO does not control the

[DiNo10866]

Condo example is awesome... Well said for almost every stock in the market today.  All investors should get to thing the way your condo example explains. Don’t panic... do your due diligence correct before you invest so don’t panic after just because Mr. Trump twitting...

[HCI_STEEL]

While it is a good example, lets take it further. If you own the condo but can't afford to pay the monthly maintenance fees, and can't generate enough income renting ot offset your costs, you can't afford the condo as a 'going concern' and will have to sell it at a loss, losing your invested money, possibly also losing the banks/financiers invested money.