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ARMOUR Residential REIT, Inc. Message Board

spd1213 5 posts  |  Last Activity: May 24, 2016 9:25 AM Member since: Oct 2, 2000
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  • I can't access the I-Hub message board. It says:
    " Server Error
    404 - File or directory not found.
    The resource you are looking for might have been removed, had its name changed, or is temporarily unavailable."
    Anyone else experiencing this problem?

  • Reply to

    The Last 10K

    by greg1825 May 19, 2016 6:27 PM
    spd1213 spd1213 May 20, 2016 12:19 PM Flag

    They set up phony consulting companies so they can pay out those enormous fees for doing practically nothing. Check out the connection between Robert Sand and Scott Sand. This is a common practice on the OTC. Also check out the connection between Norm Birmingham and FBEC. IMO, these stocks exists for only one reason, to enrich the insiders.

  • Reply to

    What is the story with FBEC?

    by spd1213 May 17, 2016 11:05 PM
    spd1213 spd1213 May 19, 2016 12:01 PM Flag

    I doubt it. IMO, the problem with FBEC has been with the leadership. Sand came out the gate looking like someone who was serious about running a company and that is probably why the stock did fairly well under his watch. Things were looking good up until early September of last year. That is when all hell broke loose. Accusations starting flying from both parties....Jason and Adam( Wolf of Weed Street) accused Sand of fraud and vise versa. Once Adam and Jason took over it was never the same. Jason and Adam obviously got in over their heads and I think that is why Jason handed the reins over to Jeff Greene. Greene, unlike the previous CEO's, has experience running a company. I am surprise though that he hasn't updated us since his letter to the shareholders PR. They are extremely late with their 10k filing.

    I became aware of FBEC about this time last year. Right away I noticed a ton of red flags with them, but decided to give them the benefit of the doubt. I didn't put much money in it( I never put much money in any OTC stock) so I am willing to wait it out. Unfortunately, FBEC is looking like all the other OTC stocks. They all look great at first, then the selling begins and it never ends.

    Good luck digger.
    Regards,
    Scott12

  • Why haven't we heard anything from FBEC with regard to their 10k filing? They are extremely late with filing their 10k and yet certain people over at the I-Hub board (channeltrader and lasernat) keep pumping the stock? What a coincidence it is that those two people just happen to be moderators on that site, too. Coincidence? You make the call.
    Caveat Emptor.

  • Reply to

    Jason Spatafora 800-785-4089

    by gjkg May 12, 2016 12:45 PM
    spd1213 spd1213 May 12, 2016 3:47 PM Flag

    Was your order placed on their E-Bay site? The reason I ask, I noticed someone bought from their e-bay store about a month ago and there still hasn't been any feedback from that transaction. There has already been negative feedback on the e-bay site from a transaction back in December. The person complained of not receiving the product.

ARR
20.94-0.11(-0.52%)10:44 AMEDT