Prnewsnow Reach the World NOW

↑ Grab this Headline Animator

FIRSTPLUS FINANCIAL GROUP Inc Special Shareholder Meeting



Shareholders have sued for the election to be held through the Nevada State Court. The Judge handling the case will also oversee the election to insure that equity and justice will prevail.



Several years ago the Company, known as FP Group, set up a trust for the purpose of paying creditors and distributing funds to shareholders. The income coming into the trust is generated from residuals that are derived from High Loan to Value second mortgages that were issued during 1996,1997 & 1998. The funds are coming back faster than expected due to higher principle prepayments, paying off high interest rate loans.



To date, the funds in the Grantor Trust have accumulated to approximately $1.9 million dollars, which will soon be distributed to both creditors and shareholders. Hopefully the distributions should continue for several years.



The stock symbol is FPFX trading at .22 today.

The first distribution could be close to .10

You may check the Company website:http://firstplusgroup.com/index.html



Contact:

George Davis

217-793-3757

e-mail protected from spam bots






Prnewsnow Reach the World NOW

↑ Grab this Headline Animator


This article has been robotically scanned and tagged by Prnewsnow with the following search tags. No human manipulation of these tags take place.
| Siiber | Bike Tour | person mentor ohio |





Last 1000 Articles Submitted XML FEEDS FOR ORGANIZED NEWS