I have read the agreement 100 times. The agreement also states the deal can be canceled between the two parties. The most important part is the mines revert back to the claim holder ( FRED ) if they failed to live up to the mining claim requirements and payments for the lease. ( and since they are gone - my bet is they canceled the agreement and walked away.) Since FFGO is no longer a going concern or a reporting company they were not required to tell shareholder anything
So what if the mines went back to FFGO - FFGO/Western no longer holds the mining leases
FFGO has been revoked and is abandoned. FFGO can no longer enter into any corporation actions
The divvies were never activated because FFGO never set the EX date with FINRA ( and they will never be able to now
The deal never happened because NMGL never sold the mine - no cash or stock to fund the A & B's
Why are people keeping up up this wild rumor - when they can not verify one singe thing to prove the deal went through and the money is there fund the dividend
How about someone about showing some facts and proof the deal was done and funded - after all its only been about 7 years ago
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