Fortress Financial Group fka FFGO

[RoadLessTraveled]

Wyoming Statute's Effects On The Dividend Process

Posting just the WY Corporation Dissolution Statute without specifically applying it to even one Peter Bezzano involved company is completely meaningless since this is not a Corporate Law Discussion Board for law students. Is it really fair to make everyone try on their own to make whatever applicable connections you feel are relevant in that statute, especially the clauses you highlighted in red?

So let me help out with actual details, beginning with this link showing WY's $50 Annual Report Filing Fee (yup, only $50) and this link which clarifies the time frame in which WY SOS allows administratively dissolved corporations to be re-instated before they are permanently dissolved...a very important distinction:

A Wyoming entity administratively dissolved may apply to the Secretary of State's Office for reinstatement within two years after the dissolution date. After two years, you would have to start over as a new entity.

The first of Bezzano's WY companies that are affected by the statute are actually these virtually identical twin "sisters" (although BGI claims to have much larger assets):

Bouse Gold Inc. (BGI)

Need to contact BGI President Peter Bezzano at his Las Vegas office address as listed above? Here is the information from Superpages.com

South Copperstone Inc. (SCI)

Need to contact SCI President Peter Bezzano at his Las Vegas office as listed above? Here is the information from Superpages.com

On March 12, 2011, we see that both had been administratively dissolved for non-payment of only $50 each in taxes/fees.

Not very responsible for companies with assets in Arizona purportedly worth a billion dollars, some of which NMGL needs to sell for at least $258,000,000.

Wouldn't you think that the companies' credibility might be seriously questioned with such a designation, making it kinda tough for NMGL to convince a perspective buyer to fork over even a paltry quarter billion in cash?

But since Bezzano is nowhere to be found and his Las Vegas virtual office is without even a phone number, perhaps it's not all that surprising.

On March 12, 2013, WY SOS is scheduled to enforce its statute by permanently dissolving both BGI & SCI, meaning that both their companies and all their unliquidated shares will all legally cease to exist. That also includes all unliquidated property, specifically, the Bouse Gold & South Copperstone mining claims themselves...assuming that they haven't already been re-possessed by Searchlight Exploration for contract violations.

Does it really matter that much?

It should to FFGO shareholders, since they are still waiting for NMGL to liquidate the BGI & SCI shares bought from FFGO in December 2010, almost 2 full years ago.

On March 12th next year, that will no longer be possible and the very basis of the Dividend Payment will legally disappear.

As far as all those other clauses you inexplicably highlighted in red, Bezzano's lack of corporate actions makes them meaningless & completely irrelevant. Of course, he does have until March 12 to re-appear and take such actions, so let's let the calendar have the last word. Agreed?

Next on the list:

Western Diversified Mining Resources Inc. (WD)

Need to contact WD President Peter Bezzano at his Las Vegas office as listed above? Here is the information from Superpages.com

On August 10, 2011, we see that they had also been administratively dissolved for non-payment of only $50 in taxes/fees.

On August 10, 2013, WY SOS is scheduled to enforce its statute by permanently dissolving WD, meaning that not only will that corporation cease to legally exist but all its unliquidated assets will vanish from its account too, specifically, NMGL's Series A & B Preferred Shares. Once permanently dissolved, WD will no longer legally own anything.

Of course, that will all be completely moot once BGI & SCI are gone, since they are the only reason WD even has those Preferreds. Right?

Finally, we have Bezzano's fourth WY corporation...the SEC revoked Crown Jewel of his collection with its 85 million de-registered shares:

Fortress Financial Group, Inc. (FFGO)

Need to contact FFGO President Peter Bezzano at his Las Vegas office as listed above? Here is the information from Superpages.com

On February 9, 2012, it had finally been administratively dissolved for non-payment of only $50 in taxes/fees.

But remember now...way back in December 2010...FFGO had sold its only assets (shares of Bouse Gold Inc & South Copperstone Inc) through Western Diversified Mining Resources Inc to NMGL for unregistered Series A & B Preferreds that were deposited in the account of WD. As far as WY SOS is concerned, Western Diversified is a completely separate entity from Fortress Financial Group.

That means that FFGO (by its own admission) no longer even has any assets to be protected by that Wyoming statute.

On February 9, 2014, WY SOS is scheduled to enforce its statute by permanently dissolving FFGO, which means...well, not very much since the dividend process will be long gone by then.

But hold on. These clauses you highlighted still apply until 2/9/2014:

(b) Dissolution of a corporation does not:

(v) Prevent commencement of a proceeding by or against the corporation in its corporate name;

(vi) Abate or suspend a proceeding pending by or against the corporation on the effective date of dissolution

Yes, boys & girls, that really does mean that you have plenty of time to file suit against FFGO once that Dividend Process legally ceases to exist and the Dividend has been officially deemed dead by default. It's always best to see & understand the applicable laws for yourselves.

Of course, trying to find the bloody UK & South African bastids just to serve the papers will undoubtedly be time consuming & costly...something which I can assure you was completely taken into consideration all the way back to when this brilliant scheme was still just an idea. You are dealing with very skilled professionals here. Even the SEC failed to get an acknowledgment of the delinquency letters they had sent, as mentioned in the Final Revocation Order.

But should that be your decision, you will have the support of every scam fighter who learns of it.

Bringing con artists to justice is always the ultimate goal.

Good luck.

***Countdown To 3/12/2012 Divigeddon***: T Minus 104 Days