The greater the short position, the greater chance we will not get our dividend. The DTCC or whomever will be less likely to fund the dividend as the numbers get larger. Coming up with more and more millions (billions?) from the DTCC is a greater risk. Granted, volume is anemic here at FFGO, but, it is all short volume and does add up as the weeks pile on.

NMGL has no problem making everyone wait in silence and grow the short position at our possible peril. NMGL will get paid for the mine. Where the cash and details of the dividend come from do not appear to concern them.

If you had $258,000,000 how long would you sit on your hands??? FFGO has been waiting all year to redeem their NMGL A&B's. I agree that $61,000,000 that Ron paid at .0035 was not done to take a loss. How long will he sit on his hands??? I have no idea if and how interest is being applied (at 3%) to the dividend and where we are on the sale.

As I have posted before, with specific numbers, Shorty isn't required to have much cash on hand. To pay the $5,000,000,000 estimated short position, isn't likely to be done by are "little" MM's. Just to pay the dividend on $258,000,000 should be more than the MM's will have in their "trading accounts"

Today, there has been talk of above dividend prices. Getting a premium above the dividend doesn't add up. I can't see who will pay for it. "Shorty" will run out his legally required 1 million as a MM in a minute. 8 MM's = 8 million legally required. Where are these premiums above dividend price going to come from?? I doubt Shorty will "help" us by keeping large amounts of money "on hand" so we can get above dividend prices.

NMGL is making a lot of people sit on their hands while they wait for higher gold prices. Shorty will not get the "extra" punishment this extra time is costing. Shorty is "done" with a price move to .0002-.0004. Shorty will be broke at that range. More shares and more time and higher prices serve no purpose. Broke is broke. This extra waiting is needless overkill, that serves no purpose except NMGL.

EXCELLENT POINT!!!!

Are there any dates left to "pressure" NMGL to sell the mines?? The 3% interest and 1.5 million payment have passed?? and are not applying pressure??

This month could be a historic month where possibly we could revisit some historic lows in the markets. Some well placed buy orders could double or triple... in value as the markets eventually go back up again.

I could double or triple?? my dividend money if it were to come soon. There could be a HUGE OPPORTUNITY COST if we do not receive a dividend soon.

Sorry, just the trader in me speaking now.

Anyone shorting silver, gold or FFGO is a fool. You can't blow a bubble forever. Our housing and financial bubble burst. Market makers, some speculators, and even some mining companies (who shorted against their future production) are part of what you might call a "dollar bubble" where commodities have been artificially "eased" "stimulated" etc. Gold and silver are taking a breather right now before exploding (again). FFGO will come alive one day too and take the breathe away from shorty.

Gold will be DOUBLE the deal price soon as we pass $2000, etc. That will give a lot of room for profits. I will also take my 3400% and buy more gold???

It may be time for Gold and Silver holders to celebrate their patience!! We can invest and make money in gold and silver and take a portion to buy FFGO and S&P ETF's?? Or we can whine and complain as if the only thing we have are FFGO shares and our inpatience for not getting a dividend yet.

Gold and silver are just getting warmed up. All aboard.... $2000,3000 gold.......

Gold up 2%, the S&P down 2%, "flight to safety"?? I would love to roll my silver profits into a 6000 DOW (stock index ETF) ??? Instead of got milk, GOT GOLD???????????????

AlanC, I guess I'm not the only one who has an email subscription to Jim Sinclair's Mineset LOL

The Company has secured the irrevocable consent to dispose of their shares of Bouse Gold, Inc. in concert with the Company, representing an additional amount of 1,518,563,813 shares of Bouse Gold, Inc. Common Stock, representing an additional 69.03%[color=red][/color] of the outstanding shares of Bouse Gold, Inc. Common Stock.

The company in concert with the company??? The company I understand to be FFGO, who is the company (second) again? How did the 23.22% jump to 69.03%??

The NMGL filing only refers to the 23.22%

Thanks, Texan77, the 8-K does help overall.

Looks like we need to buy (more) gold and silver because historic shareholders and other owners of the mine will hold out for a higher price. (therefore, I don't understand why NMGL would be filing soon)

I have plenty of silver and popcorn to keep me company while I wait for NMGL to buy out "the others" (sounds like a horror flick -- the others LOL).

NMGL intends to purchase 100% ownership of Bouse Gold, Inc. and South Copperstone, Inc. This is imperative if they are to sell these Gold assets for cash going forward. NMGL has not however provided us with any timeframe as to when they intend to acquire the additional shares of Bouse Gold, Inc. and South Copperstone, Inc. and NMGL will clearly continue to follow their own business plan and will only complete all of these transactions as and when it fits into their own business plan. This NMGL policy very clearly extends as well to their purchasing shares from historic stockholders from 2005 who received shares of Bouse Gold, Inc. and of South Copperstone, Inc.

That's like saying that if a $100 bill is by your feet, you would have an indeterminate timeframe as to when your business plan calls for you to bend over and pick it up.

I doubt the other owners were/are facing a possible bankruptcy as FFGO was and need loans to keep afloat as FFGO did. They may be waiting for a higher price. They may not accept NMGL A&B's that have an indeterminate timeframe as to when they can be redeemed. I would be pretty sure FFGO has not been able to redeem theirs.

I doubt any "long longs" from 2005 bouse and S. copperstone shareholders have been bought out. If I were Rocketman I would be a little concerned that I have not been bought out yet. You should have received NMGL A&B's or something by now also.

Where are the filings for the rest of the gold mines????? We have sold around 1/4 of Bouse and around 1/2 of S. Copperstone.

My understanding was that ALL the owners of Bouse and S. Copperstone had to be in agreement. I would think to sell or produce from the mine, you would have to have agreement from ALL owners. Otherwise, how could you produce or sell 23.22% of Bouse or 46.84% of S. Copperstone, individually, without getting agreement from all parties. It is common sense, but, I don't really see it addressed in filings at all. There should be filings for the rest of the mines after almost 1 year.

I assume everyone agreed to the NMGL A&B's. If so, where are the filings??? We only heard things from the point of view of FFGO. I wonder if the other owners got cold feet or something.

Without that one single filing for $258 million, we would have absolutely no word or intent on the part of NMGL.

As one year approaches, we should have seen 100% ownership of the mines in exchange for NMGL A&B's. In my opinion...

Or great ETF's such as my AGQ where it went up 8% today. Taking action that's where it is at. To those who do and those who don't......Gold and silver will trend up.... GO FFGO.....

I have Scottrade also, look at a monthly chart for several months. There will be days were there is a zero value which simply means no volume therefore no price for that day. For that day, it get reported at zero because no price was traded that day. I think you already knew that.

FAQ's could be grouped with press releases. The filings back up the press releases and FAQ's. NMGL A&B's were in the filings as indicated they would be per the FAQ's and so on and so forth.

alien42, you asked us to be professional and realistic. I did both in my assessments and in my definition of the word "scam." You again used the word "scam." I ask you plain and simply to do what you asked us to do, be professional and realistic. There is no legally defined scam here at FFGO. Please be professional as you have asked us to do.

ok, let's look at the pros and cons realistically.

There really is no excuse for not filing since January?? 10Q's could be filed without affecting any "negotiations" that may or may not be in effect.

Despite saying that they would go dormant and not communicate, there really is no excuse, to me, for almost one year without any press releases.

There is no scam here. Real filings showing the sale of the gold mines have occurred. Real NMGL A&B's were issued to FFGO in exchange for the mines. They are just as "real" as NMGL not filing. Yet, some posters always mention the lack of filing and totally disregard what has been filed. I find it hard to call a lack of filing a "scam" and at the same time call what has been filed is a "scam." So, anything that is or is not filed is a "scam." File or don't file, it is a "scam" either way in their view. How is that realistic at all???????

A professional might not like the timeframe or the liquidity of FFGO, but, a professional would not call FFGO a scam. There has been press releases and filings. There is no professional legal proof of a scam. To call something a scam in this case is not realistic and not professional.

Let's take out the word "scam" and start to have a professional conversation.

They are protecting you by giving the proceeds of their business to the shareholders through an extraordinary dividend from the sale of the gold mines. I don't see Apple or Microsoft selling everything to pay out a cash dividend. Yes, FFGO was on the ropes, but, they are going to go out with a bang in the end. That, to me, is financial protection. Management calculated the value of the mines versus the outstanding shares. Management avoided bankruptcy and found a buyer for their mines. Management hammered out a deal for the shareholders where the buyer will distribute a calculated 3449% dividend. Management could have become like so many others and just succomb to bankruptcy. They did not, they offered vast protection.

Molson and AlanC, I was just in Border's bookstore and as I looked at books that were 10-40% off, it reminded me of FFGO. Both Borders and FFGO were facing Bankruptcy. FFGO was able to get a "white knight" to support FFGO shareholders and not give up their gold mines to the government and/or creditors. Borders was not so fortunate.

In the next 5-10 years, metals will rise, currencies will crumble. We are on an exponential curve where our national debt doubles every 4 years or so. We increase our debt by 2 trillion or more a year. In 10 years, we will be over 200% GDP even if we adopted a 3-4 trillion plan (phased in over 10 years, politicians never make cuts in their own term--it gets passed like a "hot potato to the next president, etc.).

Molson, you should think beyond the upcoming week toward the next 5-10 years. A survival portfolio including metals and FFGO is critical. Each will skyrocket in 5-10 years if not much much sooner.

AlanC, there is a big picture, I think NMGL/FFGO have a grasp of it. I just don't know where they will time out their entry. In any case, I know you and I are on the right side of the upcoming decade. We will win the war.

TD Waterhouse will allow you to have a market order which could be filled at .0000000005, but not a limit order at .00005 ????

sure you have shares to sell sure sure you are the only person I have ever seen that cannot get a market order executed sure

kazorchian and RS500 have both offered to buy your shares. You cannot put them into cert. form, you cannot execute a market order.

Put in a .00005 sell order in. No excuses. Get your broker to do it if you cannot.

Thanks, when this takes off and runs, it will be even more fun having even more credible sources to say, "I told you so." I have many on my list LOL

Preferred stock doesn't offer the same potential for profit as common stock, but it's a more stable investment vehicle because it guarantees a regular dividend that isn't directly tied to the market like the price of common stock. This type of stock guarantees dividends, which common stock does not. --allbusiness.com

For every 1M shares of FFGO…$100 worth (assuming purchased at .0001), you will get 162 Preferred As and 392 Preferred Bs which could have a maximum CASH payout of $16/Preferred As and $2.20/ Preferred Bs (see below). Basically, you buy $100’s worth and you “could” get $3454 cash once the mines are sold.--FFGO FAQ's

It is supposed to be a fixed cash payment as far as I understand. I don't see the A&B's trading as you do, but anything is possible and the rules could change from the FAQ's at the drop of the hat from a simple press release or something.

Your broker question is very interesting. The question of whether NMGL will need to obtain REAL FFGO shares FIRST before issuing NMGL A&B's is really an interesting question. I always assumed the problem would come when attempting to fund the dividend. That may or may not be correct.

Either way, why can't FINRA, the DTCC, SEC, or NMGL or FFGO start addressing the problem now?? Someone knows the truth and the truth will have to be dealt with.

Remember those dividends are going to trade as well.
So, you are implying that we will receive a cash dividend (based on preferred NMGL A&B's), still retain the original FFGO shares to TRADE AND still be able to TRADE the NMGL A&B's AFTER the cash dividend???

Or, are you saying that the "dividend" in the sense FFGO shares will be trading???

The FAQ's only say cash. They don't say tradeable. They don't give a face value or redeemable value or anything else. Just a cash dividend at 3449% return. I believe the "preferred" is just for cash dividend purposes and will never be tradeable and will be dead after the cash dividend. It would be interesting if you could sell the A&B's before or after the dividend.

I am implying that you are saying that retrieving the FFGO shares to EXCHANGE for NMGL A&B's will be difficult as they are shorted. Where the NMGL A&B "come from" will be no problem. They will be newly issued. The exchange would be the problem. I would assume that NMGL should receive the FFGO shares first and then issue a corresponding amount of NMGL shares based on the face value and formula detailed in the FAQ's. I am unsure exactly how the whole process would occur. If they issue NMGL A&B's without receiving the FFGO shares, the problem could be delayed until the redemption process occurs and cash is distributed. The cash distribution should have to deal with FFGO shares then at the latest.

Our dollar is a fiat currency that has nothing to do with gold anymore. WHEN the U.S. dollar fails, the price of gold will go up nominally and parabolically. Quite the opposite of failing, gold will be much stronger.

Gold is not "tied" to a currency. It is denominated in a currency depending on where you purchase it. Temporarily, purchasing gold would be denominated in another currency. To me, being "tied" to a currency means that the currency has a backing or proportion to what is "tied" to. Gold has no proportional backing to the U.S. Dollar. We no longer have paper money redeemable for gold or silver. Gold is no longer "tied" to the dollar. Ron Paul could not get an audit of our own U.S. gold supply. We don't know what our true gold reserves are. We have no gold "tied" or earmarked to our U.S. dollar.

WHEN our dollar fails, it will be replaced by some other fiat currency. A few here have suggested that we will get an asset backed currency. I find that extremely unlikely. Even if we were to audit and set an asset backed currency, within one or two generations, we will monetize and go off any asset backing like we did with the U.S. dollar.

I am very very willing to sell at 0.00005 if someone is willing to buy my shares. You have said that like 20 times this week. That is a specific price. We don't have a bid and solid volume to put in a market order and expect a specific price. A market order for FFGO in these circumstance could give you a .00001 or lower.

Customer Service rep said its up to the dealer to choose to sell it or not. What??? Your TDWaterhouse would "choose to sell" and a Market Maker would love to buy your 40,000,000 at .000001 or something. $4,000 for $40. Great deal, a market maker would take it in a heartbeat. Never happened. A market order was never placed.

What is your game..................???????????

I thought you were trying to sell. Obviously, not very hard despite a dozen posts a day. A GTC market order would go through eventually. If not, I would go into a TD Waterhouse in person and get it resolved. There's no way a market order doesn't go through unless people are not doing their job.

Otherwise, wait and dream with the rest of us

TomSawyer, I am sorry to hear that. I have, in the past, waited a month or two for a GTC limit order to sell other penny stocks. It is so frustrating that FFGO is the only penny stock I own now. There are so many good ETF's out there.

I have never seen a market order go unfilled. Even a cellar boxed stock like FFGO that might be trading at the 5 or 6 decimal should fill on a market order by a market maker at the worst.

AlanC, when do you see an asset backed currency? I see up to ten years time to send our dollar "Weimar" and introduce another currency (asset backed or not). With interest payments and other responsibilities, do you think NMGL/FFGO would wait that long? If so, NMGL would make astronomical money, and a post-dividend NMGL stock play (buying stock) would be an option.

There are plenty of things to look at THIS week. Gold is at historic highs, silver just broke $40/ounce and broke resistance of a multi-month trading range. THIS week silver will either BREAKOUT and do a RESISTANCE = SUPPORT above $40 or it fall back into a TRADING RANGE. It is do or die for silver. Look at a year to date chart, the trendline resistance draws itself. Silver influences gold. Gold influences the timing of NMGL's sale of the gold mines. THIS week may look boring to you, but it sure IS exciting to ME.

let's recap the puppydotcom sessions

Notifying FINRA in a simple filing will deny all dividends.

FFGO will be shut down because it is missing 2 filings

Maybe space aliens will shut down FFGO because it might go to the moon.

I can't wait for August & September & October & November & December!!!!

Just like I said, $1600 gold, $40 silver, now just one more to go!!!

Nice to own gold, silver and FFGO!! Maybe, some of our esteemed poster's dispositions would change if they went long for once.

RM, Can you imagine if some people got a dividend and others didn't simply because some shares were real and some were naked shorted? Talking of orange jump suits and prison. Are you familiar with the "prisoner's dilemna?" You would think some one would "crack" and put up a real "reasonable" bid before it becomes so much more expensive and/or forced.

RM, exactly, what is a bigger problem for the dividend? Imagine each share represented one person. There might be 5 trillion people that paid for a dividend, but only 75 billion people will get the dividend. How do you make that right or fix that? That is a far bigger problem, to me, than a one or two day effort of FINRA filings or notifications? That could take billions of $$$ to fix the naked short problem. A simple filing for a thousand $$$ or two is a much bigger problem LOL.

Companies have to file with FINRA to issue dividends. That takes a day or two to prepare. Companies should have numbers that "jive" when buying and selling shares. FINRA's own numbers don't. How many days of buying would that take to cover???

RM, FINRA only takes notification and filings seriously according to some of our posters here. For this reason the dividend will be denied according to some of our posters LOL. FINRA doesn't take it's own numbers and REG SHO numbers seriously. The only thing they take seriously is any attempt for FFGO shareholders to get a dividend. LOL.

$1600 gold, $40 silver and FFGO dividend next week SOON! LOL!

I think QE 2 helped gold rally roughly 33% ?? So QE 3 rally of 33% could give us $2000 gold and $60 silver especially if bigger than last QE. I think we are ready to break out of this trading range anyways as long as Moody's doesn't downgrade our AAA rating. I love having both gold and silver and FFGO!!!!

For non-invested, investor advocates that care so much about our financial well-being, why do they talk so mean to us? LOL