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
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