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Saturday, 09/11/2010 10:21:42 PM

Saturday, September 11, 2010 10:21:42 PM

Post# of 221883
Good evening FFGO'ers
I was reading up on recent events with FFGO and I realized something that I havent seen anyone really point out yet. Now I may have reached a wrong conclusion, but I don't think so. Anyway, in the last 8k, and the recent FAQ update from FFGO they discussed the terms of the dividened, spelling it all out for us. As with many, I was not particularly happy with what they had to say, But, since we can't seem to sell our shares at .0001 what ya gonna do?. Anyway, you may have noted that they didn't talk about what NMGL is doing, and even said they wouldn't in the FAQ. So I've been trying to figure out what NMGL is up to. Well, we all know NMGL issued an 8k recently telling the SEC that they directed their transfer agent to issue the preferred shares (ours) to Western as payment for their interests in Bouse and S. Copperstone. On the 12th of last month they issued an 8k telling the SEC that they had approved the prefered shares for distribution for Bouse and S. Copperstone. (I've pasted that below). What I had not really paid attention to before was the number of shares approved. 52,085,000 shares of Series A, and 62,630,000 shares of Series B. Why is that important? Well, they have issued 12,096,115 shares of Series A and 29,334,212 Shares of Series B to Western for FFGO's interest per the last 8k. That leaves all the rest for distribution to the other share holders of Bouse and S. Copperstone. Which, when you consider all the delays we have had to endure and still are, leads me to believe that NMGL has in fact been working the deals with the other shareholders simultaneously. In fact, Pete B even said as much in and earlier PR. Now you might say thats a no brainer and I would agree, it is, but it also tells me, contrary to what our concerned usual suspects are saying, that FFGO has not been lieing to us, that this is not a scam, the proof of that will be NMGL issuing 8k's similar to their last, directing the TA to issue to the others for their payment. I also think we will not have to wait very long for this to happen. When it does and FFGO is free to declare the div, We'll see some volume and the stock price will start to move as all the naysayers suddenly realize the prize. As many here have surmised, once Bouse and S. Copperstone are wholly owned by NMGL their gold value will be unlocked and beome a very valuable assets ($971,146,000.00 for both) very ripe for a big gold company to snatch up. I'm thinking NMGL is making a huge gamble that a buyer will quickly present an offer. If they are right, then our NMGL preferreds will hold real value, if their not, well we all have our bags.

All this is speculation on my part, but thats how I read it. I am still going to try and sell off some of my shares just in case, but I'll sit on most of my position and wait for the main event.

ALL IMHO!!

GO FFGO/NMGL!!!

From an NMGL 8k issued 8/12/2010

ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL
YEAR

On August 12, 2010, the Company's Board of Directors approved a Certificate of
Designations, Preferences and Rights of Series A Preferred Stock for 52,085,000
shares of Series A Preferred Stock and a Certificate of Designation, Rights and
Preferences of Series B Preferred Stock for 62,630,000 shares of Series B Common
Stock. Both of the Certifications have been filed by the Company with the Nevada
Secretary of State.

The Company's Series A Preferred Stock has liquidation and dividend preferences
that apply to future distributions from Bouse Gold Inc., a Wyoming corporation
("Bouse Gold"); the Series B Preferred Stock has liquidation and dividend
preferences that apply to future distributions from South Copperstone Inc., a
Wyoming corporation ("South Copperstone"). The liquidation preference of the
preferred stock is $16.00 per share for the Series A Preferred Stock and $2.20
per share for the Series B Preferred Stock. The annual non-cumulative dividend
preference for both Series A and Series B Preferred Stock is 3% of the
respective liquidation preference. Both the Series A and Series B Preferred
Stock may be redeemed by the Company at any time after January 1, 2011 at a cash
redemption price equal to the liquidation preference.

ITEM 9.01 EXHIBITS

3.03 Certificate of Designations, Preferences and Rights of Series A
Preferred Stock dated August 12, 2010

3.04 Certificate of Designations, Preferences and Rights of Series B
Preferred Stock dated August 12, 2010

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