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On November 25, 2022, the Company completed preparation of its business plan of action and started
implementation. On November 25, 2022, the Company changed its business purpose from gold-mining and
prospecting to become a holding company for identified hospital operations.
We believe the Company is a quasi development stage company pursuing an actual business as set forth in the Company’s
Business Plan. The Company is pursuing contracts and possible acquisition or joint-venture with UMMC Corp.
OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v5 December 18, 2023) Page 19 of 24
(www.ummc.care), a Texas based operator of several hospitals and medical facilities. The Company is close to hiring
Kuldip Singh, the CEO of UMMC Corp to become the new President of the Company and lead the Company into this
sub-sector of the healthcare industry. Once the acquisition is finalized, UMMC Corp would become a wholly owned
subsidiary of the Company. UMMC Corp currently operates from the corporate office located at 510 W Tidwell
Rd. Houston, TX 77091.
Pursuant to the company’s move to acquire UMMC, on March 1, 2023, Alpharidge Capital entered into a
Securities Purchase Agreement (SPA) with Kuldip Singh, the control person for UMMC to sell to him 500
shares of the company’s special 2021 series A preferred shares, which controls 60% of the total voting powers
of the company. Subsequent to the SPA, the company also entered into an acquisition agreement with UMMC.
Once buyers and sellers have completed their due diligence, the deal will close and both company’s financial
statements shall be consolidated. After closing the UMMC acquisition, the company plans on making other
acquisitions of medical facilities Real Properties and other hospital and doctors’ offices operations as time and
resources permits. Subsequent to the execution of the SPA, Mr. Kuldip Singh was appointed as President of
the company
https://www.otcmarkets.com/otcapi/company/financial-report/396479/content
Told you, thanks for proving my point. 1st I think you're trying to convey life savings not "live savings," 2nd this scam has never seen the likes of .0028. No bid goof ball
Because you probably got your mortgage at the time you bought FCGD at .0028 with your live savings. Now your scrambling had to get another job as a pizza delivery driver to help pay for your iHub subscription so you can troll on FCGD to make you feel better about your -100% loss.
If that's not an oxymoron I don't know what is, I hate playing the dozens with a person with bubble gum brains. How can a broke person afford a mortgage? Your downs kicking in strong. Slap the ask jumbo dumbo
I love my spit yum. 😋 you would need to take out a second mortgage and work overtime to be able to slap the ask ;)
I'm broke your words & you a drooling dummy slap the ask & finish playing in your spit
Still 10m left then it will cycle back to 200m you tard. Sorry your broke and can’t afford to be on the bid 😂
Frank got you down to no bid, bawhahaha
Good day to buy .0001s for a lotto!
It just really seems like you want to join in on his juices. ;)
Keep bathing in Frankie juices
Oh I didn’t know you roll that way….
Well pride month is coming up
I love his loads on me. But thanks for confirming you can’t get laid :)
Nope only one getting screwed is you, & Frankie not just giving you a taste he shooting his whole load on you.
Did you get laid yet.. you still seem soooo angry lol
Yup 1st phase of landscaping company already in effect, rake in stuckholders money & cut them out the profits.
LANDSCAPING ????? WOW. THANX
Bid pool rose right back up at .0001.
Sometimes I question if these CEO's don't purposely dabble in creating a little bit of FUD just to free up shares for themselves or someone else that they are associated with. My guess is he already knows the previous owner will be defending against the renewed lawsuit.
Hahahahah you a dumbo
Hahaha hahaha slap the ask numb skull
So you can regain your life savings of $500
Maybe it will make this thing move up
Slap the ask dumbo
Next move for frank is AI company instead of Hospital the master of OTC scam
Sorry goofy, you posted something to the contrary...It is what it is...
Soooo is that a yes…?
Only updated information came directly from frank via Twitter stating they now owe $700k, its a liability they fcgd owe, & the hospital deal is dead. Frank selling 1s & delaying the statement in making it publicly known what's known amongst these shady insiders, that ummc has closed negotiations. I heard frank go turn this into a landscaping company. Slap the ask
Dead deal goofy. Bawhahaha. Next. 1s getting hammered. No bid soon. I'll tell you that
The truth does hurt or come across as anger, your very mild mannered now that you real big frank show you his size. Slap the ask
i am not finding anything on orc pinks anymore. anything new ?????
yes on that, First Colombia Gold Corp
Tell that to the Judge, you posted it...It is what it is...
Did you lose your life savings is that why you’re always angry?
Nice try, it's in bold letters (deal breaker) next
Pumpernickol
So it appears that FCGD now owns UMMC, why else would FCGD be on the hook for close to $700,000...I guess we wait for PR's and such, if FCGD wants to get their money back, they best get moving...
li·a·bil·i·ty
noun
the state of being responsible for something, especially by law.
"the partners accept unlimited liability for any risks they undertake"
Similar:
accountability
responsibility
legal responsibility
answerability
incrimination
blame
blameworthiness
culpability
guilt
onus
fault
the rap
Opposite:
immunity
a thing for which someone is responsible, especially a debt or financial obligation.
plural noun: liabilities
"valuing the company's liabilities and assets"
Similar:
financial obligation
debt
Alpharidge Capital, LLC
@Alpharidge_Cap
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$FCGD Court Order renewing an old judgment creditor for $615K. UMMC was notified to see whether they were interested in defending. But now that FCGD has the court order, it would be recorded as liabilities effective 4/17/2024 (court order date)
Jeremy C. Reutzel (10692)
BENNETT TUELLER JOHNSON & DEERE 3165 East Millrock Drive, Suite 500
Salt Lake City, Utah 84121
Telephone: (801) 438-2000
Facsimile: (801) 438-2050
Email: jreutzel@btjd.com
Attorneys for Plaintiff
IN THE THIRD JUDICIAL DISTRICT COURT OF SALT LAKE COUNTY, STATE OF UTAH
TONAQUINT, INC., a Utah corporation, Plaintiff,
VS.
FIRST COLOMBIA GOLD CORP., a Nevada corporation,
Defendant.
REQUEST TO SUBMIT FOR DECISION
(Plaintiff Tonaquint, Inc.'s Motion to Renew Judgment Against Defendant First Colombia Gold Corp.)
Case No. 160901190 Judge Teresa Welch
Plaintiff Tonaquint, Inc., by and through counsel and pursuant to Rule 7 of the Utah Rules of Civil Procedure, hereby submits for decision its Motion to Renew Judgment Against Defendant First Colombia Gold Corp. (the "Motion") and Affidavit in Support of the Motion filed with Court on March 26, 2024.
Defendant has not filed an opposition to the Motion and the time for doing so has expired. Therefore, the Motion is fully briefed and ready for the Court's consideration. A proposed Order to Renew Judgment Against Defendant First Colombia Gold Corp. is filed concurrently herewith. DATED this 17th day of April, 2024.
BENNETT TUELLER JOHNSON & DEERE
/s/ Jeremy C. Reutzel
Jeremy C. Reutzel
Attorneys for Plaintiff
Order prepared by:
Jeremy C. Reutzel (10692)
BENNETT TUELLER JOHNSON & DEERE
3165 East Millrock Drive, Suite 500 Salt Lake City, Utah 84121
Telephone: (801) 438-2000
Facsimile: (801) 438-2050 Email: ireutzel@btjd.com
Attorneys for Plaintiff
IN THE THIRD JUDICIAL DISTRICT COURT OF SALT LAKE COUNTY, STATE OF UTAH
TONAQUINT, INC., a Utah corporation, Plaintiff,
VS.
ORDER GRANTING MOTION TO RENEW JUDGMENT AGAINST FIRST COLOMBIA GOLD CORP.
Case No. 160901190
FIRST COLOMBIA GOLD CORP., a Nevada corporation,
Judge Teresa Welch
Defendant.
The Court, having reviewed Plaintiff Tonaquint, Inc.'s Motion to Renew Judgment Against Defendant First Colombia Gold Corp., and it appearing to the Court that the facts in the supporting Affidavit are accurate, and good cause appearing therefore:
IT IS HEREBY ORDERED, ADJUDGED AND DECREED:
1. That the Judgment entered in favor of Tonaquint, Inc. ("Tonaquint") and against First Colombia Gold Corp. ("Defendant") in the amount of $223,975.76 is renewed; and
2. That Defendant pay to Tonaquint the total amount of the renewed Judgment together with accrued post-judgment interest in the amount of $391,519.85 for a total of
$615,495.61, with post-judgment interest continuing to accrue at a rate of 22% per annum, plus costs and attorneys' fees incurred by Tonaquint in the collection of said Judgment.
Yeah it’s hot 😏
You like the way Frankie screwing you??
JP, thanks for the link and information. This renewing of an old judgment raises many questions:
- Why is the plaintiff naming FCGD as defendant if the UMMC deal was never finalized?
- Can the plaintiff renew an old judgement after the company is sold and becomes a public company? If I were the judge I'd throw out the case to protect shareholders.
In my opinion, if the RM is truly not finalized between FCGD and UMMC, I'd say the previous owner will need to be responsible for all costs defending the lawsuit, including any final cost of judgments against them.
FCGD shareholders should not have to bare this burden.
li·a·bil·i·ty
noun
the state of being responsible for something, especially by law.
"the partners accept unlimited liability for any risks they undertake"
Similar:
accountability
responsibility
legal responsibility
answerability
incrimination
blame
blameworthiness
culpability
guilt
onus
fault
the rap
Opposite:
immunity
a thing for which someone is responsible, especially a debt or financial obligation.
plural noun: liabilities
"valuing the company's liabilities and assets"
Similar:
financial obligation
debt
You need to get laid dude lol
More bad news, look what's just rendered
$FCGD Court Order renewing an old judgment creditor for $615K. UMMC was notified to see whether they were interested in defending. But now that FCGD has the court order, it would be recorded as liabilities effective 4/17/2024 (court order date). pic.twitter.com/C6h2IyhfDh
— Alpharidge Capital, LLC (@Alpharidge_Cap) April 22, 2024
What common sense tell you. No bid soon
Did you open my post, pretty sure it's the reason for the bid getting cleared out. Slap the ask
No the link said that Unless UMMC is willing to close the deal and defend, this lawsuit could be a deal breaker. See below:
Alpharidge Capital
$FCGD New lawsuit by an old judgment creditor for $615K. Unless UMMC is willing to close the deal and defend, this lawsuit could be a deal-breaker. pic.twitter.com/K4RfS3ZVaf
— Alpharidge Capital, LLC (@Alpharidge_Cap) April 16, 2024
Did the link say the deal was canceled? I can't find any link. Please repost. Thanks.
Deal dead! Bid getting hammered, no bid looming
FCGDacquisition of UMMC has been in the working for the past few months now. The acquisition documents have been signed by all parties.
Most of the due diligence items have been completed and the closing of theacquisition occur once all required due diligence items have been completed.
FCGD is paying for this acquisition with its preferred stock class. UMMC will continue its operations without interruption, operating as an independent subsidiary of FCGD.
The deal is valued at $158million based on the market value of UMMC Corp.s current portfolio of 8 hospitals and medical facilities.
First Colombia GoldCorp. (OTC: FCGD) a Nevada corporation transitioning into a holding company for diversified hospital operations and medical facilities, today
announced the acquisition of UMMC Corp, a Texas operator of hospitals and medical facilities with eight operating medical facilities
PUBLISH DATE | TITLE | PERIOD END DATE | STATUS |
---|---|---|---|
07/28/2021 | Annual Report - Annual Report | 12/31/2019 | A |
07/28/2021 | Annual Report - Annual Report | 12/31/2020 | A |
07/28/2021 | Quarterly Report - Quarterly Report | 03/31/2021 | A |
07/27/2021 | Supplemental Information - Court Appointed Custodian | 06/30/2021 | A |
PUBLISH DATE | TITLE | PERIOD END DATE | STATUS |
---|---|---|---|
07/27/2021 | Supplemental Information - Court Appointed Custodian | 06/30/2021 | A |
PUBLISH DATE | TITLE | PERIOD END DATE | STATUS |
---|---|---|---|
08/02/2021 | Attorney Letter with Respect to Current Information - Annual Reports for Periods Ending 12/31/2019 and 12/31/2020, and the Quarterly Reports for the Period Ending 3/31/2021 and 6/30/2021 | 06/30/2021 | A |
08/02/2021 | Quarterly Report - Quarterly Report | 06/30/2021 | A |
08/02/2021 | Quarterly Report - Quarterly Report | 03/31/2021 | A |
08/02/2021 | Annual Report - Annual Report | 12/31/2020 | A |
08/02/2021 | Annual Report - Annual Report | 12/31/2019 | A |
07/30/2021 | Attorney Letter with Respect to Current Information - Annual Reports for Periods Ending 12/31/2019 and 12/31/2020, and the Quarterly Reports for the Period Ending 3/31/2021 and 6/30/2021. | 06/30/2021 | A |
07/28/2021 | Quarterly Report - Quarterly Report | 06/30/2021 | A |
07/28/2021 | Quarterly Report - Quarterly Report | 03/31/2021 | A |
07/28/2021 | Annual Report - Annual Report | 12/31/2020 | A |
07/28/2021 | Annual Report - Annual Report | 12/31/2019 | A |
PER IHUB MGMT |
02-07-2021
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DA MICK.
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