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AlanC There is a lot of folks out there that don't have a clue what is really going on, unless you are one hurt by the corruption, you can't appreciate the extreme depth it has achieved.
Hunter, Once again you are so far out in left field that you missed the ball park.
Back to basics, FFGO was a shareholder in those companies (*Bouse copperstone) and shareholders do not need permits and do not drill holes, if anyone is responsiable for permits check Bouse/ Copperstone (that FFGO held % shares in, those shares are now owned by NMGL), see what you come up with
Hunter,You cannot report an asset until you actually own it, and as I said the 10q was filed BEFORE the FFGO sale of their SHARES of Bouse and Copperstone was complete, did you get that "SHARES not PROPERTY, there was no property transaction here, just a sale of share holdings, and of course, you do know the difference between property and assets, right? Just asking is all. lol
hunter, That 10Q has nothing to do with the recent purchase off FFGO held Bouse/Copperstone "SHARES"
If I remember correctly that 10Q was long before the purchase deal was done, in addition those final shares that NMGL is seeking to own 100% of shares in those two entities, has not been disclosed as yet.
So your condescending remark to Rocketman,. quote
"you do know what an asset is don't you" is totally un called fore and makes little sense imo
AlanC, First the highest level of the executive branch, which failed, now the highest level of the judicial branch has issued a positive conclusion in favor of release FFGO will not be far behind IMO.We are there!!!
Dich, The person I posted that to, knows, all others will need to wait until the 72 hours before I make any further comments. as I said a rumor.
AlanC, The next target date is rumored to be 72 hours, you may see the effect here (FFGO) soon after.IMO
TJG, Thanks, hope your right, BTW, I really like the plan,to be using revenue for their buyback program in lieu of how most pinkies do by borrowing or other soft shuffle creative methods.
If they can generate enough revenue for a buy back, that in itself shows a solid base, and any buy back could be on going as revenue continues
Pkpower looking great,moving up nicely, however I have been in a long time, and have a looong way to go to get even @ .015 lol.
PKpower Thanks for the heads up, I haven't looked at this for months.
Nothing will happen to the shorts when those A/B's are issued, unless the company offers cash for them, if they either just issue them or register them for trading the brokers will just put markers in our accounts to cover any shorts that were on FFGO prior to the A/B issue.
Or if we demand that all A/B's certs are forwarded to shareholders.
Bottom line!
Cash from NMGL, or pull certs of A/B otherwise we get more IOU's
Good Morning Vianna
I think when the 5 trillion A/S puropse was finally figured out, by some and posted on these boards, that the company took another stance on NSS, and denied that NSS prevailed,probably to keep SEC at bay so as not to be accused of manipulation.
I still believe we are over a trillion NSS however the company could not ever agree after that 5t A/S trap, that most certainly was not a clerical error at the SOS
Just from memory so could be wrong in my figures, however I think I read your last report on the shareholders as being 17.5 billion with 159 shareholders.
I think you know that would relate to 17.5 billion IOU's that brokers would generated for our accounts, and shares were put in each brokers name, held supposedly at CEDEA and that each broker is counted as one shareholder each, no matter how many accounts he holds in FFGO.
Anyone that thinks that those shares are sitting collecting dust at CEDEA is wrong.
The brokers action of creating IOUs in effect, has doubled the shares from 17.5B to 44B, minus those that have CERTS, or shares registered it their name, by paying the required $75.00 fee for that process of registering.
longonyong, You seem to forget, that FFGO was extremely prudent in informing SEC of every step they took, by means of 8k reporting.
If SEC allowed that to continue as the over site entity, then you are suing the wrong people.
Looks to me like you need to identify the culprits prior to any expensive law suit, IMO
jdh80 Thanks for your very informative post, my point that JS totally missed, was that if people are re processing mine tailings, and finding them lucrative, then it would seem to follow that old previously mined claims would also be extremely profitable, on a much larger scale of course.
The statements by some, that the mines have been worked by others and therefore worked out is totally bogus.
Janice, Once again, you toatly missed my point.
"That's strictly small-time stuff."
Rocket not only that, many are getting gold production from purchases of the old mine 'tailings' and are finding it very lucrative with the new recovery technology.
newtrader It doesn't, that statement contradicts all logical reasoning, in the first place in order to sell @ .0004 the bid would need to be .0005 and a 5 billion order to sell would never all go thru @ .0004 because of the selling pressure it would cause.IMO
Anvil, I must say, I am quite surprised to read, that you were able to NSS FFGO.
This is the first time out of the many years in sub penny stocks, that I have read someone that wasn't either an MM or a offshore hedge fund that was strongly collateralizes, could use the illegal NSS means of shorting stocks,
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Anvil Share Wednesday, September 29, 2010 3:27:56 PM
Re: Mike2211 post# 162611 Post # of 162649
Mike2211, sorry for your disappointment. My buddies and I NSS this stock when it was .0004 for 5 billion shares. We covered through out the summer. Made some nice coin, although going through Germany is expensive.
I know of another group that had a 15 billion share position, but they covered as well. That's how you make money on Lumb.
AlanC, " miscreants" love that word, some in high important places are also using that term to describe crooks to even higher offices, (highest in the land) "miscreants", soon to be on lips of many! lol.
Seven, in a round about way JS is correct but not because of the SEC halting trading, the Pinksheet requirement is a stock not trading for 5 consecutive days will be removed from the pink sheet venue and moved to the greys.
Sure if the SEC halts trading to exceed 5 days then I guess you could say the action was due to the halt of trading, but indirectly, if it was halted for 4 days that would not happen.lol
Which are used to lend against, no one ever said they sell "CERTS" short, but are used as collateral to lend to hedge fund and astute off shore clients
Bt JS
"Something else not to forget: Every share held in street name is represented on a cert held by CEDE"
diamondguru, It's not about names, it's about share count, and not to forget for every share counted there is an IOU generated by the brokers, on those that have shares in street name.
GM Vianna, thank you for compiling the list of shareholders, however the only shareholders that can be counted are those that do not have shares in street brokers name, i.e those that pulled their certs, or those that have paid the $75.00 fee to have shares registered in their name.
Except for insiders, all others, are in brokers name, and are holding IOU'S from brokers, the brokers in turn, are counted as 1 shareholder ea, regardless of how many clients are holding his IOU'S
seven, I was hoping that moe the gyp would step up and answer my question of how many "shareholders" he thinks FFGO has because of his post below talking about being revoked, due to the large shareholder base.
I would almost bet besides the insiders there is less than 100 actual shareholders (not counting any shorts)
People seem to forget that each brokerage is only counted as ONE shareholder, regardless of whether he has issued IOU'S to one, or one million people, he is still only counted as one shareholder, so add the insiders holding shares, thoes that have actually pulled their certs, or registered in their name (not many I'm sure),
Then count the total of possible on line brokers, that may have untold number of clients holding IOU's, they are all counted as one shareholder, for each brokerage.
BTW I might add that exceeding the required shareholder base on non reporting stock is what will caues the company to be revoked, much more so than non reporting, a very important issue.
moe_the_gyp01 Share Wednesday, September 15, 2010 1:28:43 PM
Re: moe_the_gyp01 post# 1322 Post # of 1359
AlanC and Tex, please comment on this thread...From the FAQs
There is absolutely no doubt that at some point, the SEC will move the listing of Fortress from that of the OTC Pink Markets, Inc. to that of the “Grey Market” as it is a delinquent filer and does not qualify to become a “Non Reporting” Company due to the size of its stockholder base."
moe_the _gyp. Just how many shareholders do you think FFGO has?
Texan,I still haven't figured this one out.
"Stock may be redeemed by the Company at any time after January 1, 2011 at a cash
redemption price equal to the liquidation preference."
Most of us have our shares in street name, and when a dividend is declared the TA will automatically transfer certs to the brokers accounts, so if the A/B's are not free trading how can the company buy back unless we pull the A/B certs? (which brokers will fight tooth and nails)/
Or a possible mandatory demand by the company to exchange those A/B's for cash, then the brokers would be required to remove the dividend IOU'S and replace them with cash from the TA. Any shorts would need to be made whole by the brokers at that time.
Texan /Seven, Thanks, much appreciated
Has anyone here actually been able to purchase NMGL common shares?
"Except" for those securities that do not meet threshold requirements.
"No. There are daily reports. Threshold fails are reported every evening on the SHO list. Actual daily fails numbers are reported (with a delay) by the SEC."
Seven,We may never know if there is a NSS in this stock, although I believe it is substantial.
The reason being if there isn't enough NMGL A&B's to cover our dividend due to the NSS, the brokers will just generate them into our accounts as IOU'S.
The only way that they will be required to actually cover any shorts is if they do not trade the A&B'S and the company buys those shares back directly from shareholders.(that may require a cert pull ???)
If they decide to register the A&B'S for trading, we will never see a covering, as again the brokers will be let off the hook and will be allowed to do business as usual, as long as our shares, whatever the class, will still be in street name.
Rocketman, Yes, That move by NMGL will keep NMGL out of the loop of the issuing of the dividend to shareholders, all will now be under the full control of WD/FFGO.
jufel, Just a thought, however I think if you go back and check the time frame of the change in aditude on shorts/NSS, you will find that the change came only after thr A/S was reduced from 5 trillion to 75 billion, IMO the company stance on the subject, could be nothing more than denial that a trap was set/sprung.
tattoo. that is not surprising that the NMGL PPS is increasing, they just increased their assets in mining rights by 250 million, (at least), without spending nothing more than what the paper work cost.
They now will be tied directly with the price of gold as it moves up.
Now, in lieu of buying shares back after January as stated,they are now going to let the market pay for those shares by registering them for trading.
The play has definitely shifted to NMGL, pretty slick imo.
GM Vianna, Yes I noticed that also, that NMGL will not be the issuing entity of our A/B's, that it looks like they have already issued to Western, I would think that should erase the requirement of NMGL owning 100% of B&C rights before releasing the A/B's. as Western now has control of issuing the dividend to FFGO shareholders.
Also this statement you referenced imo changes the entire ball game, did they forget that they said in the past, that A/B shares would only be purchased by the company, and only if B&C were sold?
I would of hardly recommended that everyone pull their cert's on the A/B's under those conditions.
Now however if indeed the shares are to be registered for trading, I would totally rescind that recommendation, as now keeping them in street name would be much more advantageous for trading.
I also read that statement as in past tents, like all has been done?
"filed"... a Registration Statement with the SEC in respect of the NMGL Preferred Series “A” and Series “B” shares (f) such Registration Statement... "has become effective"... (g)... "obtained"... a CUSIP Number and a Trading Symbol" for both the NMGL Preferred Series “A” and the Series “B” shares and (h) admitted the NMGL Preferred Series “A” and Series “B” shares for trading on a recognized exchange
NMGL 8K UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 8, 2010
NORTH AMERICAN GOLD & MINERALS FUND
(Exact name of registrant as specified in its charter)
Nevada 333-141426 N/A
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
848 N. Rainbow Blvd. # 3003, Las Vegas, NV 89107
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (702) 635-8146
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
<PAGE>
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES
On September 8, 2010, the Company directed its transfer agent to issue to
Western Diversified Mining Resources, Inc. ("Western") 12,096,115 shares of the
Company's Series A Preferred Stock and 29,334,212 Shares of the Company's Series
B Preferred Stock. These shares were issued in payment of the purchase price for
Western's 23.22% shareholding in Bouse Gold Inc. and Western's 46.84%
shareholding in South Copperstone Inc., the acquisition of which closed on
September 8, 2010.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORTH AMERICAN GOLD & MINERALS FUND
/s/ Ronald Yadin Lowenthal
-----------------------------------
Ronald Yadin Lowenthal
President and Director
GM Vianna,Last week I posted to watch for action on the 17th of Sept, If the analogy that AlanC and I have been alluding too, is in fact what is going on, I think any time, today thru the 17th, could be the time frame we have all been waiting for. The company has been in the delay mode, and will soon break out, because of external conditions that are now being concluded. IMO Hang on folks the ride is about to start!
Rocket,rumored to be Coming soon,
Soon, (possible this coming week) you will be hearing that we've returned, or are returning to the constitutional treasury, where the precious metal commodities are backing the U.S. currency.
promissory Federal Reserve notes will be exchanged for new treasury mineral backed dollars, banks are already aligning.
When this happens, I think you will see the next step with the FFGO Plan of operation.IMO
AlanC Most excellent post, although many can't comprehend your meaning at this time, however your post should be put in the ibox as a future reference imo.
As a wise "very tired" attorney once said, "FFGO is the hammer" and the time has not yet come, for that hammer to be used.(however it is very near, look to the Sept17th time frame)
It is also my thoughts, that all the delays past and future, are not due to the actions of the principals of FFGO, but are a requirement of a much higher POO, (plan of operation).
Thanks again for that great post.
Back to lurking.
----------------------------------------------------
Vianna: Morning! We are all anxious for news. I remain confidant that receipt of that news is contingent on other events which none of us are privy to. I believe the plan was designed by a master sleuth to trap the shorts which has been accomplished. The chum (5 trillion authorized) was put out and it was swallowed hook line and sinker. When the events going on behind the scenes that we are not privy to are concluded we will receive news that will be rewarding to all who own shares. The strength of the enemy is evident by the fact that this has been going on for 5 years. NMGL is fully reporting and should be a hum dinger imho. Go FFGO!!!
lottoplayer Your post brought me back out of retiring from this board for this one post.
If I read the pr correctly, the company was the party that is going to buy those A/B shares,they will not traded on the market, therefore you will not require a broker to sell back to the company.
You would turn certs into the TA, once the company notifies us that they are ready to purchase our shares.(AFTER Jan 2011)The TA will handle the transaction)
Pulling certs on those A/B shares is the only way to insure that all dividends are paid to all shareholders, that there are no lingering shorts out there, ready to hide under the cover of street name, holding our dividend in broker accounts.
mathias, Maybe you can explain to us better than the company what this statement from the 8K means,
"EXEMPT FROM REGISTRATION" rule 506 reg "D"
"These shares of the Company’s Common Stock issued to Abaxis, Inc. were issued in reliance on the exemption from registration under Rule 506 of Regulation D.
The restriction from trading is the fact that you cannot trade unregistered shares.
http://ih.advfn.com/p.php?nmona&article=41836168&symbol=FFGO
As you can plainly see, the 52 billion that was issued to reduce the interest compounding notes, were indeed UNREGISTERED
----------------------------------------------------
"No, 52 billion shares are not "unregistered." You do know that "unregistered" means "restricted", right?"