Firstgold Corp (fka FGOCQ)

[7Secret7Service7]

ONLY THE DEBTOR(FIRSTGOLD) CAN SELL UNDER 363

MR. COSSITT: Yes. Bill Cossitt, Office of the
United States Trustee.
Only the debtor can sell under 363.
THE COURT: I know that

Unless they Voluntarily give the Lenders possession!
Which they have done! http://biz.yahoo.com/e/100608/fgocq.pk8-k.html

Firstgold verbally stipulated to allowing its primary secured lenders, Platinum Long Term Growth, LLC ("Platinum") and Lakewood Group, LLC ("Lakewood"), to pursue their contractual and state law rights and remedies to foreclose and take possession of all collateral securing their debt obligations with Firstgold pursuant to their security interests.

As I previously posted: MR. HARRIS: -- there is no right to pursue a 363 sale. But I’ll be glad to listen, and if it helps the creditors and the "shareholders", we’ll look at it very seriously.

They voluntarily handed over the assets!
Why? Because it benefits shareholders/creditors to sell under 363.
-EOM

*STRONG BUY*