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paunch,I believe that they will have given shorty an option of prison or meet settlement requirements,I think the latter is in play.
seven, I would like to see just who and what was negotiated on that 80%, I would think the only way out would be a cash settlement, as the company set all ducks where they wanted, there was little to no way out. I would think it would be a substantial sum to get off that well placed hook.
Since Ron is a shareholder, I would think that any settlement would be across the shareholder board. Getting very interesting.
puppy do you really understand how the market works.
Unless you purchased shares through an IPO the company does not see a dime of any shares already trading in the market.
Unless through the form S-3 or form S-4 which is tightly controlled by the SEC, then and only then can they increase the O/S by issuing additional shares that would benefit the company.
Once shares are in the market they take on a life of their own which has nothing to do with the company receiving any further funds on those issued. All controlled by MM's and brokers.
I would say that not one person here was involved in an IPO therefore out one dime of our money went to he company.
It went to brokers, that took our Shares and our Money, put the shares in the "brokers name" and gave us a account with nothing more than a cusip or symbol. In the mean time the brokers could dispose of those shares any way he sees fit, as they are in his name.
Any shares that did not clear (billions maybe 5T?)) the brokers did not sell to anyone, or buy from anyone, the money did not go to the company soooo where is it? In the brokers pocket!
When brokers got free reign to put markers in accounts, that gave them a CASH COW, the only requirement they have, is to sell on demand at market value, and in turn take the marker out of the account and make a journal entry in your cash balance, then they will have the float until you ask for cash out.(if ever)
If one turns around and buy another stock, he takes the journal entry out and gives another cusip and symbol. Nothing but paper shuffling between brokers.
The only cash ever used is what we gave him,on our first purchase still sitting in his pocket!
A company dividend is like an albatross around his neck, he want's those pesky shares out of his watch,if he played the game as he should, that would not be a problem, but like I said the piper is always lurking.
If you look back and understand how this all came about imo it was a long term plan of operation, once the company was convinced that illegal shorting was happening.
I believe the first was to lay out the cheese, with the 5T A/S.
Once that trap was snapped then the insiders purchased all the remainding shares
Once they all had required shares purchased, they allowed FFGO to be delisted from the OTCBB to the pink's and to the grey's where it traded for a period, Ron and others? picked up all remanding shares then allowed then company to be revoked which in turn LOCKED in all those miscreant share generators with a humongous problem.
Then a dividend was established, on winding FFGO down, for NMGL sister to purchase all the stock held by FFGO in C & B mining Co.'s.
Now there is no way that those miscreants can cover their positions, because it is not trading, there is also no way to cover that dividend unless the same preferred shares are sold to them by NMGL.
I now hope, that part of that plan is to reestablish SOS requirement, as well as the SEC to remove the FFGO revoke status,so they can either purchase from FFGO or shareholders.
No matter what others say, we are not a private company, we are still a Revoked public company, until we either file BK,or the winding down of all company assets and delivered to the shareholders.
Either way I believe the shareholders will receive as wind down company assets, or will be offered a substancial amount for their shares.
You can be sure those billions of shares bought bi Ron, no matter what vehicle (cash or promissory notes) was used, that some day they would become very valuable, also those that purchased billions of shares, were very active in laying the well planed ground work, putting all pices together during this long period of silence.
I believe each and every step was carefully orchestrated, starting with Gertrude's posting so long ago.
So many companies have been destroyed by these miscreants now it is time for them to pay the piper.Some have already paid, so many more to come IMO.
Greed has a way of turning and biting you in the butt
PNK, I would suggest that you use their, email connection in customer services (tab) and email that question to the compliance department, with a complaint that you only receive answered as you stated,
Get that answer in writing from them. Might be time to start developing some amo for any future action that might be in the cards.
Dr. Stone, The final chapter has yet to be written, not hopeless until it is. Hang in there, a great deal of ground work has been laid, do not give up until the project is completed, and outcome is established.
We have a Varmint here that seems to have excellent vision, keep current with him.
John, In addition to STE info, only correspond with the compliance department no one else has the information that they do.
however they still are not entirely candid in their responses.
You can go to customer services click on that it will bring you down to an email correspondence there you are allowed 1,000 characters. Be sure you attn: compliance dept.
good luck.
Why don't you post the entire statement,i.e. Permanently Revoked Domestic Limited Partnership
The NV SOS revoked the "Domestic Limited Partnership".
I'm sure that the state of NV or any other state would reinstate with a new entity i.e. LLC, corporation or any other, if money was placed on the table with an up date of company officers, and local agent to receive service.
I would think the partnership has been dissolved, therefore the NV SOS has not been informed as to any new company status.
Those that are trying to trade, you are wasting your time, this company does not have a SYMBOL, brokers/Mm's cannot trade without a registered SYMBOL period.
Just my thought, I wonder if a value was re established due to being tax time, and the company with new plan of operation, is trying to keep shareholders from writing off their shares.
I would think, if there is a value showing you could not write them off?
Seven Ten Eleven, Sure would like to get a copy of that FINRA arbitration results, to shove at E*trade, that states "they are investigating", a typical political response when caught with draws on the floor.
Seven, I have to congratulate you on your posting, you are right on the money, the "ONLY" legal cusip for FFGO is as you stated 34958T107. Any other designation in accounts are for in house tracking only' at their desecration.
Some brokers just don't want the expense to change the SYMBOL tracking in their system to cusip # tracking, as long as we are not a registered company,posted values or not, at this point really makes little difference. Just as long as the security is still carried in accounts, either by cusip or using the old placebo symbol of FFGO.
If it is removed totally from accounts, then action must be taken, so it is best to continuing monitoring accounts, at this point values or how they define positions makes little difference.
Until there is a 15c filed by some market maker for reinstatement and all filings have been up dated, there will be no trading, and I believe that if there is a MM that will take on that task, shareholders will be informed by 8K before it is implemented.
Thanks again for your efforts here, excellent job in my opinion.
stoprun, Your ok,you can't have value without a SYMBOL, you can't have a SYMBOL if you are not registered, you can't be registered when you are revoked, all is good, as long as they are listed in your account with the cusip number.
Yes seven, I am aware of on going cases, in fact that is why I asked if you have some source that can be referenced on your statements.
FINRA arbitration case 12-01838 against TDA ordering that certs be delivered to claimant at TDA expense within 90 days of the hearing. This is the first time that I have seen an arbitration case that has ben successful against any broker
I am in the process of following in those footsteps, and looking for amo.the outcome may be advantageous for our cause here .
seven, Those are some pretty strong statements, do you have a source that can be referenced for the liability responsibility for the illegally issuing of broker markers in our accounts.
thanks
gigmaster, Yes I will post any response.
Yes that is true and why I also sent this to E*Trade yesterday
E*Trade Compliance Department:
My request to this point is simple: Exchange my 05968X106 certs to 05968X205 and forward them to me, If you don't have them available, then it is because you never purchased them in the first place, "so who has my money" now plus 7 years interest?.
Please respond with corrective action
AlanC, Yes, I received notice and company conformation of that action.A giant step for all IMO.
Let me be the first to say, very soon, that we will "ALL" be tied to GOLD!!! A matter of days IMO! Good by FED!
Companies that hold "SHARES" in mining companies are not required to pay any maintenance fees. All the companies that you mentioned are shareholders except for searchlight exploration.
Also it depends on the status of the mineral rights, i.e. are they really on BLM land, or on privately owned property, if BLM, then they are government issued claims, if private they are mineral rights on private property and fees do not apply.
Or if BLM and are government claims that have been patented, (met all BLM requirements fore patenting) by the claimer, then they would become private mineral rights on government property.
So bottom line, I would say that Searchlight is the office of prime responsibility, however I do not know the status of their title holdings,(mineral rights or BLM claims?)
This is an interesting concept.
closely watch the price of gold during this next phase. Gold is the ultimate reserve currency. You may ask yourself this simple question: How many ounces of gold will it cost me to buy this item? In this manner you will get a clear understanding of what is happening in terms of inflation, regardless what the numbers from the FED are saying!
let's look at buying a house. In 1950 a house cost, say, $10,000. Gold was $35 per ounce. Therefore the house cost you roughly 286 ounces of gold. Now, suppose you want to buy a house today. The price of the house is, say, $150,000. The price of gold is $1500 per ounce.
Therefore today you can buy the same house with only 100 ounces of gold, right? So, which is better, gaining 15 times in the value of your house, or paying almost 1/3 the money in gold for the same house 50 years later? Clearly you can see that while the value of the house went UP 15 times, but in terms of gold, THE REAL RESERVE, you will pay only 1/3 what you did 50 years ago.
In summary, by watching what GOLD WILL BUY as we move forward you will get a true gage of the VALUE of your money, whether it is in dollars, savings, housing, or something else.
Or 286 ounces will buy a $429,000.00 home today
STE,yes and it is expected to greatly increase much more, as the FED notes and EURO dwindles.
If QE-3 happens GOLD will explode and the $$ will be all but worthless IMO
Hard to imagine how anyone would continue with QE-3 when QE-1 and QE-2 were total failures.
QE = quantitative easement, otherwise known as the FED fireing up the printing presses
I see some are still playing in that distant field,
NMGL has already PAID the Divvy long ago.Paid in Full for shares sold.
Do a little DD, you may find some factual results.
Alanc, A very commendable insight you have sir!
I feel that in the not too distant future, many will finally see what you are saying.
I sincerly hope that the people setting this well planed outcome in motion, will be the ones credited, however I doubt that will happen, and credit will be placed on those that had nothing to with it.IMO
Ok Tom, thanks for the response, sorry it took so long to answer you have been gone.
Now that we know what "it" is as you are referring to the "PROPERTIES" my question is what if the "PROPERTIES are not for sale????
That could be an excellent reason why no one purchased them. (Copperstone /Bouse)
You posted;
" It = The properties that we supposedly own interest (shares) in (S.Copperstone and Bouse)".
TomSawyer:"Think about it..
After all this, if there was gold there don't you think someone would have purchased "it" during peak gold prices?"
When you say purchased "IT" what is IT??
Hunter, Lumb sold me NOTHING, the "MARKET sold me my shares,(broker notes) gave me broker promissory notes for my money, same as everyone else.
Shares were issued to brokers long before any of us purchased.
They don't have an IPO every time we purchase shares, an IPO is the initial issuing of shares from any company, to brokers through the transfer agent to be exchanged or revalued by the market supply/demand, not by the issuer.
Once issued they take on a life of their own through brokers/Market makers, which has nothing further to do with the company trading.
Some seem to think that every time they purchase stock or invest in a company, that the money goes directly to the company, that is not true unless done through an IPO or S-4 approval.
"Deal was never completed (i.e.: A-H list completes deal) Peter was paid and ran for the hills. Do you know where the guy who has your shares is today???? ( Peter B. ) Do you?"
You see the problem is I never knew where my shares were, or are, from the time of purchase.
The broker took all shares and put them in his account, to do what he wants with i.e. loan, sell, use as collateral, or whatever.
He took my money, took my shares, and gave me a marker in my account that guarantees that they will be credit for at market value, so now with a PR stating that a dividend has been declared, and is now in play, the market value is whatever the winding down asset dividend is.
A dividend, that must be forwarded to shareholders by way of their broker accounts,
The brokers are the shareholders, we are the holders of their broker promissory notes.
Now if the brokers have more promissory notes in accounts than he has shares in his account, his fiduciary responsibility is to make them good by whatever means.
So yes, I DO KNOW where my broker promissory notes are, who knows where shares are or if there ever was any.
This is my last post allocated today.
Tom, It has been an on going problem that some folks are confused of just what FFGO owned, and what they were selling.
FFGO were only stock holders in a mining company, nothing more nothing less, they sold their percentages of those shares, I can see no where that selling shares as FFGO did, could be grounds for being labeled as a scam by anyone!
Seems to me that FFGO has wound up the company,in doing so has made arrangements for the FFGO shareholders to receive those assets through the sale contract with NMGL. The issuing of the NMGL preferred A's & B's to WD by NMGL, which is payment in "full" from NMGL for FFGO shares.
Now we wait for either a 100% actuation of the remaining shares, or NMGL agrees to a waiver of that contractual requirement.
Hunter, Please tell me just how did he do that?
I didn't see any S-4's filed or reverse splits.
They issued physical FFGO shares through the TA to brokers in turn the brokers took those shares, stuck them in their accounts, and sold us electronic promissory notes, you know, like the FED does with our money.
The FED, keeps printing so called money, brokers keep issuing electronic promissory notes, over and over using the same issued shares !!
Tom if you have no idea, why then are you posting this accusing Lumb of a scam:
TomSawyer
Saturday, July 28, 2012 4:00:01 PM
Re: SevenTenEleven post# 203738
Post # of 203785
"The SEC should go after any illegal short / NSS because that could be LUMB himself.
HOWEVER, let's not forget the company execs who told us there is gold in the ground, yet couldn't sell the gold when it was low, climbing, or worse yet... during HIGH GOLD PEAK PRICES. How obvious of a scam was that! They should be included too for participating in the scam.
Remember I spoke with FINRA, and a couple of MMs who shorted FFGO"
Why would a Shareholder in a mining claim be accused of perpetrating a SCAM as you seem to think
If you were to hold shares in a mining claim, would that indicate that you are responsable for generating a "scam"? Or is that only when the name is Lumb?? No one was selling gold only shares.
"the company execs who told us there is gold in the ground, yet couldn't sell the gold when it was low, climbing, or worse yet... during HIGH GOLD PEAK PRICES. How obvious of a scam was that! They should be included too for participating in the scam"
Tom, has Lumb ever been in the mining business, has he actually developed a mining claim, or has he just purchased shares(investments) in mining claims?
Thanks.
woops, a step backwards, NMGL does not, or never did own any mining claims, can't sell what you don't own.
I noticed you used my term of weasel clause, as I posted the other day that:
The contract was established with a "rectifiable weasel clause".
That would allow NMGL to pay in full, for shares sold to them with A's and B's (NMGL shares), and still have control, of when those A's& B's could be issued to FFGO shareholders.
It is my opinion that NMGL was never in the market to buy the remainder of the 100%, but had to retain control of when the dividend would be released to FFGO shareholders.
As far as NMGL selling the shares in the future, that is left open to their final discretion, this will be my last post to you on this subject, as I think you have some reading too do on what actually happened and why.
uk peter it has always been STOCK, the mining claims statement was only someone's fallacy.
Well I see we made a little progress on your learning of what transpired here.
I see your play on words what you once called "selling mining claims", is now being addressed as
"mining claims STOCK" nice step forward.
However you still haven't got it totally right,
I'll give a little hint, change your statement of "NMGL completing the agreement to sell 100% of the mining claims outstanding STOCK."
Change the agreement to "SELL" 100%" too... "PURCHASE"... the remainder of outstanding shares to equal 100% ownership, of all outstanding issued shares, as FFGO only had 46% and 23% of the total that NMGL was buying.
That is why the contract clause of OBTAING the remainder of 54% and 77% before any dividend was released to FFGO shareholders,
However In my opinion, that clause can be waived by the NMGL at any time, NMGL has already paid in full to FFGO, for the 46&23% that they "PURCHASED" from FFGO.
uk peter, I hope you have time to read this.
Mining Claims were never for sale as some say, NMGL did not have the purpose of selling 100% of mining claims.
What was sold to NMGL from FFGO was """STOCK""" in copperstone and Bouse company, if I remember correctly FFGO owned 46% of copperstone stock and 23%of Bouse stock, never did FFGO own a mining claim.
Funny how some are still saying that mining claims were owned, and how much they really known about the difference between owning mining claims and owning STOCK in those mining claims.Kind gives one an insight to knowledge those have, and if any follow on comments by them can be trusted. IMO
uk peter No, I did not say that they would need 100% physical ownership, what I am saying is they can waive that condition and release the A's & B's at any time they desire, if that is the case they would never need your copperstone/bouse shares.
That is what I am trying to say, that condition in the contract can be waived, it was only a method to be able to pay the dividend in full to WD and still hold control of when it can be released to FFGO shareholders
You posted
"Yes indeed agree they need to attain 100% Ownership as stated..but sadly they don't want my historical div shares ( Lumb told me but 3months ago so hope changed!?"
As for the $1.00 per share, for FFGO, all I can say on that is, there will be a shortage of issued A's& B's of NMGL to cover the total amount of FFGO markers held in brokers accounts.
The brokers have a contracted fiduciary responsibility to cover any and all dividends that are declared to the underling stock whether it is trading or not.
When the dividend is issued, if there is not enough to cover all brokers markers, then the brokers must purchase those dividends to for full their responsibility ,problem is where are they going to get them.
That in turn will highlight the naked short position the brokers are holding and needs to be covered.
That is where many think the share price will increase,because of supply and demand for those shares to cover, I have no idea how much.
If they want to test for gold, it isn't hard or costly any longer.
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uk peter, The dividend was announced and issued by NMGL to WD (dividend paid in full by NMGL) prior to revoke of registration
Any dividends announced/paid will have to be covered by brokers, normally the company issues dividends through the TA,to brokers,when those issues are gone and the brokers are still holding markers in accounts that didn't receive dividends,that which in turn, HAS to be made good by the brokers.
At that point, the ugly head of the NSS shows up that needs to be explained, and any penalty attached will need to be paid.
All that needs to get this ball rolling, is for NMGL to waive the contract controlling clause of obtaining 100% of Copperstone/Bouse shares.
The instant that is waived,WD will be free to issue the NMGL A's & B's to holders of FFGO shares, then the stuff will hit the fan.IMO
I have always thought that buying the remainder of CS/ Bouse shares was not ever to be achieved, it was a condition for maintaining full control of the dividend once it was paid in full to WD.
When they are ready, all that would be needed, is a waive of that requirement by the purchaser of FFGO shares.(rectifiable weasel clause) could happen any time, we are not waiting for any further purchase of Copperstone/Bouse shares.IMO
seventeneleven, I must say, your posting is right on, I have not really been reading these past months, but now reading your post's you have really got a handle on what is actually going on.imo good posting!
This should be a flag to all, that if fees are due to brokers they have the right to sell or remove your holdings, always keep a plus cash balance in accounts.
lucvuillermoz, You need to contact your broker/bank pay the required fees and hopfully you will get your shares back.IMO
Not true, the .15 pps held for weeks after the DTCC freeze, then it went to .05 held there for months, no one liquidated any positions, there was no trading allowed period.
Everything in our accounts are nothing but broker promissory notes, that is the beginning of stock shorting.
They take our money, put shares in their name (to sell or trade) and put an IOU in accounts. That is what is called hypothecating or for a better known term NSS.