Will FFGO remain a public company?? We have really moved on?? There used to be a buck a share club where shorty would be forced to cover in the event of a dividend event. Have we given up on government forcing shorty's hand?? They gave UBS an entire year to address their "locates" according to how I read the SEC filing. Even after the year, there is no clear guidance on how the results of those "locates" would clearly be addressed.

While I believe a certificate "pull" would flush out shorty and expose a massive overage over 100X the float, I don't know how good it would do?? Energy Source, CMKX did certificate "pulls." Questions were raised, but, did they ever receive their money? Was the overage ever multiplied into the official float as it should be in my opinion. A 100X overage should be multiplied 100X into the official float and a 100X price rise should result. I haven't heard of that happening. I don't claim to know a lot about different certificate "pulls," but, if something of this nature happened, let me know. I am unclear to references of the DTCC "emptying its vault." A 100X prices rise, or otherwise wasn't priced into or "settled" into.

Again, will FFGO remain a public company? If FFGO is revoked will a revocation hearing bring about NMGL A&B distribution to shareholders?? Will it bring a settlement of the short position?? Will FFGO be liable to pending debtholders?? Will they nullify the dividend?? Will we have certificates in a private company and try to wait a dividend or will it be over in the process?

Instead, of NMGL getting the "deal done" or "manning up" or "getting it done" we may be subject to rolling the dice with a judge and seeing what comes up in the case of a revocation hearing. FFGO may be fine with the state of Wyoming, but, failure to file may move FFGO "past the greys" to a revocation.

Since NMGL cannot finalize this or even own the other "half" of the mines, we go down this complex and uncertain road to what end???? Some might offer a snap answer. That would be disingenuous in my opinion. If you look down the road we have travelled you can see it should be nothing of what we thought it would be. Someone may correctly "guess" the ending of this story, but, I can almost guarantee the road cannot be predicted. Who saw NMGL coming? Who saw a suspension? An A-H list? etc. etc. etc.

There will be turns and surprises? How far have gone forward or backwards? What started out as FFGO selling a gold mine and shareholders receiving a dividend immediately after that sale has travelled a long long road.

Predictably, gold and silver got slaughtered. I knew oil would not hold above $100 and has a long way to fall on a mystery price rise. If the S&P loses 1200 look for gold below 1700. Otherwise, if gold gets above the 20 day and longer moving averages then a recovery might happen.

Nice to see the old RocketMan back, posting away, kicking @@@ and taking names.

don't hold your breath, defunct and abandoned scams like FFGO don't send e-mail or file 8Ks. not that they ever told the truth to begin with.

Then how did Firelane get a hold of them??? Who is telling the truth??

That was a ridiculous close today. If EK doesn't compose itself and get over 1.60 next week, we could see below $1 prices soon.

I follow this board, keep up the good work!

The cleverness and humor of this passage struck me today.

WHAT IS THE “FREE FLOAT” OF THE COMPANY AND IS IT LIKELY THAT THIS WILL DECREASED?:

The number of the outstanding shares of our Common Stock does not represent the “free float” of our Company. No less than 5 billion of our outstanding shares of our Common Stock are restricted and are therefore not free trading. A single new stockholder already holds 16.9 billion of our shares of Common Stock. We are aware that this new stockholder could acquire no less than an additional 15 billion shares of our free trading shares of Common Stock from identifiable stockholders, should it so wish, as these stockholders will not dispose of any of its stock in our Company at current market prices.

Should this new substantial stockholder continue to increase its stockholding in our Company, the “free float” will be decreased accordingly.

We do not wish to speculate on the size of the “free float” but can categorically state it is not greater than 34 Billion shares of Common Stock; in all likelihood, it is substantially less than that number. Any attempt to accumulate a sizeable position in this Company’s shares of Common Stock through purchases in the market, would result in hugely increased trading price in the shares of our Common Stock.

Any legal sales of FFGO stock would increase the trading price of the Common Stock. Any illegal shares would look a little different like this:

Any attempt to NAKED SHORT a sizeable position in this Company's shares of Common Stock through ILLEGAL SHORT SALES in the market, SHOULD result in hugely DECREASED trading price in shares of our Common Stock.

So, if everything is legal then we should see an increased trading price. Otherwise...........

A market maker can sell shares and keep the money and never make delivery or cover his/her position. The market maker can withdraw the sold shares from his/her brokerage or business trading account and put it in his/her personal account domestically or overseas.

Sorry, only market makers like UBS and the ones shorting FFGO and others can short a stock and get paid on a daily basis.

oldben really?

so this NSS fantasy that you are preaching likes to sit on their positions for 6 years?

lol, get real man.--alien42

Who said anything about sitting on their positions for 6 years. When you sell something that you never deliver on, then, you can keep accumalating a daily revenue stream day after day, year after year.

Why don't you get real and see that NSS exists. Was the SEC filing against UBS another fantasy? UBS short interest were not reported as short sales or short interest.

There is no way for you to be sure that FFGO is a fantasy as you call it. The only way to be sure that one should be completely against the chance of a NSS possibility is to actually be short themselves. Being short, a person knows 100% that he/she wants the price to go down and will ALWAYS say that it is 100% a complete fantasy with no hope of not being a fantasy.

Why don't you get real. There is no 100%...unless....

Absolutely, we have the same hopes for a dividend and can debate the size and scope of any NSS.

In criminal law, entrapment is conduct by a law enforcement agent inducing a person to commit an offense that the person would otherwise have been unlikely to commit.

Shorty has likely been naked shorting FFGO or GWGO since 2005?

Something wrong with asking questions?

So, the "revocation" might only refer to public trading of FFGO stock?

So, a "federal" revocation might precipitate a state dissolution, whereby, all proceedings are dictated by state law at that time???

AlanC, Colorado5, It is a possibility that the company framed the FAQ's that way because of upcoming settlements. It could also be to lure more illegal activity into FFGO to fall into an inevitable "short squeeze" later when the dividends are to paid out. There may be other reasons out there, but, if GWGO was shorted (as they posted press releases to that fact), I am sure they were aware of FFGO shorts.

I believe that FFGO has a plan for shorty. I just don't know if it is a "dividend squeeze" where the price of the dividend might force a squeeze or a "regulatory squeeze."

In a "regulatory squeeze," FFGO would force a revocation or other action through failing to file, etc. In that case, certificate form or other settlements might proceed through court.

So far, it hints of a "dividend squeeze" with the update of address information. Though, without an official filing soon, a "regulatory squeeze" could kick in eventually. While, the SEC filing against UBS was a great start. It gave UBS an entire year to "clean up shop" with no mandate to "cover locates (naked shorts)." Perhaps, "covering locates" might proceed in a year from now. Though, it gives an idea of how long a "regulatory squeeze" could take to play out.

nothing behind that dooor but keep knocking we aint going to answer; because nothing is there,

clerical error is all there is.---Texan77

A clerical error is like spelling the word "door" with 3 "o's" or "dooor" like you did. The passages below are not ("aint") simple typos or badly framed sentences. These are carefully constructed sentences that are clear in their meaning.

I don't know who the cryptic "we" or the "dooor" you refer to is, but, I believe that the company is aware of the naked shorting problem. I was just asking why would the company deny what they know. I have my own theories, but, wanted to hear what others thought on this subject. Though, to call it a clerical error is just entirely false when it is clearly not a clerical error. Read these passages for confirmation. Then, if you wish to speculate, please do.

We do not wish to speculate on the size of the “free float” but can categorically state it is not greater than 34 Billion shares of Common Stock; in all likelihood, it is substantially less than that number.

ALLEGATIONS OF NAKED SHORT SELLING OF YOUR COMPANY’S STOCK:

Your Company’s Management is very aware of the numerous allegations of Naked Short Selling, a common complaint from “Penny Stock Bosses”. Despite numerous requests from our stockholders for your Company’s Management to address this issue, we take the view that these allegations of Naked Short Selling are unfounded and that there is absolutely no proof of Naked Short Selling in your Company’s stock. A function of any orderly market is to permit proper “Short Selling” of stocks. Your Company’s Management is unaware of the extent of any (if any) short positions in your Company’s Stock. We are not however, in a position to disprove the allegations of a “Short Position” in your Company’s stock.

I agree, but, why did management deny it in the FAQ's.

Thanks AlanC!! Wow! that is a powerful piece. What a racket!! Hand picked individuals have long been given CDS opportunities in the midst of a recessionary environment. This privately owned DTCC is going to make that 1% of the rich owns 42% of the wealth a much bigger number like 60 or 70%???? of the wealth. All the while getting exclusions and benefits such as caps on social security (6% up to 106k income), agriculturally zoned property, corporate tax loopholes etc etc

I may have to pull my 401k eventually. What a "set up"

PROVE IT

Very encouraging!! I know if I see the SEC actually make Energy source or UBS cover I will certainly buy more FFGO shares as I will know that FFGO should eventually follow. It was great to see "locates" or naked shorting in an SEC filing. It was also funny to see the address and name to make out the $8 million dollar check out to. LOL LOL Thanks Alan. You definitely made my day.

More than Half of RM's posts have been blank in my experience. You see them for a split second and the post disappears. You try again. Appear and disappear.

That is a possible gold scenario. I believe settling or not settling in U.S. dollars was a reason for the "persian gulf wars."

Very true double standards

So true, we have documented cases where you can even hear congressional testimony about naked shorting cases. Yet, we have not prosecuted the shorters of Lehman, etc.... I have watched videos in addition to your quote. Maybe soon LOL we will go after shorty. I wonder how many more advocates will flock to this board adamantly stating there is no naked shorting in FFGO when everything, at the least, puts that in question.

Gold - Talk Of A Bubble Is Nonsense
Sunday, November 06, 2011

by Michael Noonan of Edge Trader Plus


Sunday Evening 6 November 2011

http://www.insidefutures.com/article/338676/Gold%20-%20Talk%20Of%20A%20Bubble%20Is%20Nonsense.html

If you noticed, I said "official" position. Unofficially, I believe they have a different viewpoint. Officially, we have the reported and unreported FINRA short data. No one can say for sure what the NSS position is or isn't. Though, many here do.

For me, if there is doubt, err on the side of caution. Market Makers have the ability to take payment before delivery. I think they may have used that ability and never made delivery. Derivatives, collaterallized debt obligations, credit default swaps, and other instruments were often created to manipulate. How many people are in a position or were asked to do a credit default swap for millions if not billions of dollars? How many people know what this instrument is?

Legally, it is prudent to take the "official" position that FFGO took.

There are many lessons both on the lines and between the lines in history. We, I believe, are on the cusp of another bubble I would call Fail to Delivers or NSS.

What don't you get underdog150? The clues are all around us if you take the time to look.

And yet, the minor detail that blaming the ENSSFM is now in the playbook of every stock scammer is lost here.

FFGO's scam strategy is pure "scammer playbook": promise an incrediible payout somewhere in the far future, and blame the ENSSFM for reductions in price.

Not their official position. Read the FAQ below

ALLEGATIONS OF NAKED SHORT SELLING OF YOUR COMPANY’S STOCK:

Your Company’s Management is very aware of the numerous allegations of Naked Short Selling, a common complaint from “Penny Stock Bosses”. Despite numerous requests from our stockholders for your Company’s Management to address this issue, we take the view that these allegations of Naked Short Selling are unfounded and that there is absolutely no proof of Naked Short Selling in your Company’s stock. A function of any orderly market is to permit proper “Short Selling” of stocks. Your Company’s Management is unaware of the extent of any (if any) short positions in your Company’s Stock. We are not however, in a position to disprove the allegations of a “Short Position” in your Company’s stock.

"Shorty" is a fantasy.

This stock is just another tired, played-out scam.

Yes, just like derivatives, collateralized debt obligations, mortgage backed securites, credit default swaps......

Yes, everyone saw the collusion and illegal activity going on there. Not. Like the dot.com bubble we should see this one coming. In the dot.com bubble we had huge prices without revenue or assets to speak of. It was obvious to me. There were some clues.

We have clues here. We already have our "Lehman" event. We already have several companies that have been naked shorted. Because of the illegal nature of the activity it is hard to prove definitively until after the fact. I would definitely lean towards there being a problem. Just like I did in the dot.com bubble and got out with a nice profit over 12 months before we had a 30%? fall in the stock market. I didn't see the current banking and housing crisis as I should have and took some heat for it.

Now we have the "naked short" or "Fails to Deliver" bubble. I want to be a pioneer and say that I saw this one coming and made a fortune off of it. I feel sorry for all the people who are not leaning on the side of safety and acknowledge the possibilities. And even more sorry for the people who are vehemently denying the bubble. Those people are either a part of the bubble or oblivious or not very cautious.

That could be the critical difference (intent). Tons of intent. I think that this will eventually go before a judge as you have often said. There are so many possible outcomes. I will list a few for entertainment purposes.

1)keeping our shares. We can still get a dividend on a non-trading revoked stock.

2)receiving NMGL A&B's from WD.

3)settlement for "short" shares.

I too want to thank that same long and all his hard work and DD deriving the truth with integrity.

Thanks for your "help"

Can you explain the 5 trillion authorized reduced to 85 billion? That whole story predates my entry to FFGO scene.

Where is FFGO's bi-monthly short report?

because there are no open and uncovered short positions in FFGO.

No way to prove that. But, you state it as fact. In fact, the only FACT we have are FINRA numbers that say otherwise.

it is the bi-monthly report which shows actual short data.

Still waiting on why there is no bi-monthly report? Market Makers are covering hiding/covering their "short" tracks?

The FAQ's say both cash and tradable. I think I can explain that. I copied all the cash and "trading" references. As you can see from the bolded references, the A&B's can be redeemed at face value. I think the critical reference is the all or part of either the A or the B shares. It is this choice of redemption that is the "trading" part. Though, that begs the question of why someone wouldn't want to "trade" it "all" at once since it has a face value that doesn't change? That also begs the question of who "brokers" the redemption.

It seems to me that we would redeem a face value A&B for cash. Though I can see how the details are fuzzy.

This update is intended to address many of the questions that our shareholders have asked concerning this transaction, the future dividend process and the eventuality of receiving cash in respect of this dividend.

Our labors are now concluded and now we only await the dividend distribution and subsequent conversion of the assets by the purchaser, into cash.

The NMGL Preferred Series “A” and Series “B” Preferred shares will be tradable at such time as a Registration Statement is filed by NMGL with the SEC in respect of these instruments and such Registration Statement has become effective.

The company and its majority shareholders have taken the view that however long it takes to receive the NMGL Preferred Series “A” and Series “B” share dividends and for those dividends to be converted into a cash payout,

All shareholders will become shareholders of NMGL Series “A” Preferred and NMGL Series “B” preferred shares if they are stockholders of Record when Fortress announces this Dividend. This is a necessary step in the process of cleanly apportioning a cash distribution should NMGL be successful in obtaining a cash buyer for these assets.

No. The face value of the NMGL Preferred Series “A” is US$16.00 per share and the face value of the NMGL Preferred Series “B” is US$2.20 per share. Should there be any excess over the face value of these Preferred Series “A” and Series ”B”, it will be solely for benefit of NMGL and their holders of shares of common stock.

On or after January 1, 2011, NMGL may at its sole and absolute discretion redeem all or part of either of the Preferred Series “A” shares or the Preferred Series “B” shares for cash.

Western (and Fortress) now only hold the NMGL Preferred Series “A” and Series “B” shares. These will be distributed in full as a dividend to stockholders on the Record Date in due course. Certain of these NMGL Preferred Series “A” and Series “B” shares owned by Western/Fortress will be transferred at face value to Sloane Investments, Inc. to settle all debt owed by Fortress/Western to Sloane Investments, Inc.

The FAQ's say the dividend is supposed to be cash.

Liquidation--as far as the dividend is concerned there is no cash for FFGO to give to shareholders. FFGO could distribute NMGL A&B's to FFGO shareholders. We would then atleast have the NMGL A&B's. Though, we would still be waiting as we are now. Though, as fast as NMGL is going downhill, we could be looking at their suspension and later revocation.

Liquidation--as far as the short situation is concerned. Shorty would have to pony up the FINRA shorts. Whatever he/she can't cover the DTCC would have to step in. We would finally find out what the FINRA short volume really totals. This liquidation, I believe, is larger than the dividend anyway.

There is no way that you can know that.

alien42, Allow me to reiterate:

it is the bi-monthly report which shows actual short data.

Where are the reports? Show something it shouldn't?

it is the bi-monthly report which shows actual short data.

Where are the reports? Show something it shouldn't?