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nevertheless we need "economic" results produced by our(?) management
A L L is a very encompassing concept here, let´s discuss, if all(?) has come out.
before we discuss about Lithium etc. we need a statement about the activities of the past!!
several days ago I have written several e-mails to Mr. L. about FFGO, HGLC, NMGL and GNCP.
result: he can´t remember, because too much time has elapsed, later he theatened me with a "very powerful shareholder" and with his "private specialist investigators"...
or: questions about loans and write-offs "have no connection to GNCP...etc.
although there are connections between GNCP and HGLC and NMGL and about NMGL withFFGO.
of course the questions dealt with several points discussed on IHUB since several years.
if he will answer some of these questions now???
of course my patience is finite.
you guarantee it? DIVIDEND`s COMING?
if you are right, all will be o.k. without any question.
the time has come for the paymentsss(!)
e.g.FFGO and the liquidation dividend: only a rumour???
there are shareholders enough waiting for their dividends...
what else? we want our dividends (SSSS!!)
please, don´t forget:
promised dividends: the FFGO, HGLC, NMGL, GNCP conglomerate - and this group of firms is seen as a conglomerate - has promised a lot of dividends but never has paid,
gold and silver claims: what happened to the claims of FFGO, HGLC, NMGL, GNCP,
since several years we hear about the big values of the properties, about sales to GOLDCORP, to HURASU, to NMGL,
about the sale of American Molygold and a dividend,
about the "easy to extract" gold from the tailings of Aspa Gold, result finally was a write-down
who will trust such people further??? the suspicion arises: they take our money and run if not, why such a strange politics of information?
if the dividends are paid, I am sure absolutely, that the shareholders are willing to give money to the management.
112.000.000 millions shares FFGO
I hope you are right.
there are a lot of people who are convinced that "dividends of 3.400% are worth waiting for...". me too. I hope the wait doesn´t pertain to infinity...
during the last days I have exchanged some e-mails with a "leading person".
one answer contained a kind of threat with "private specialist investigators" on behalf of "one very powerful shareholder".
it´s outrageous.
perhaps all is a trick or a strategy? I am not sure...I am very sceptical.
there are still several days, wait and see.
the idea was only to show within what a short time they could do all these things. they had could do it during the last few months of delays.
of course they shall sell them.
expand the claims, re-negotiating the contracts: they had can do it during the last months
FURTHER exploration work: they had can do it during the last two months
I think we have paid all these activities during the last ten years.
problem (only in europe, I don´t know): these shares belong to the category FINRA - other OTC
it is impossible to transfer these shares in Europe.
(now) T W O MO N T H S they need
- to expand the claim blocks,
- to do further exploration work (he writes "FURTHER"(??) exploration),
- re-negotiating the terms "under which we operate these properties"...".
that would create a substantial in the value of the assets, a far higher sale price and larger dividends.
questions:
GNCP has paid a lot of money (prefered stocks) over ten years
and now within two months these possible improvements...??
that´s very remarkable.
but: what have they done for all this money over this long period??
we should demand that all these three points (see above) are executed
without new payment - we have paid for all these things over ten years.
it´s a question of fairness too.
I try to hear about FFGO, GNCP etc.. but at first no answer.after sending a reminder I have got an answer the same day: "... not familiar with this previous e-mail..." so I send again the e-mail together with an supplement.
wait and see...
if the liquidation div. is ever paid, you need these shares to prove your eligibility. if you give them away, you will never get any dividend.
you can´t sell these FFGO shares in Europe or imo elsewhere, because FFGO is delisted and additionally "administratively dissolved" in Wyoming.
I mean: Mr. Major Shareholder and undersigned of the two FORM Ds
the near end: I hope so.
transfer of wealth: depends of the direction of the transfer.
I hope in the direction you imagine.
GNCP/FFGO:
FFGO: debt-to-equity-swaps to produce billions of common stocks, rumour was NSS... where???
then the proclamation of a liquid.divid. of 0,003449 $/sh FFGO
11 years later: where is our liquid.div., Mr. Major Shareholder??
GNCP: conversion of pref.shares into common shares. all to pay dividends??
a historic covering?? at first we have billions of new shares. same result.
result: at first billions and billions of new shares. dividends??
I would like to hope, but there are a lot of doubts until proof of the opposite.
he has not answered these questions until now, so I send the e-mail for a second time.
I think the best beginning with this "Clean Up" would be, if we would get the promised dividends for example.
the probability is very high that you are right.
because of these dividends ("3.400% are worth ...) and the fate of the pref.A+B shares I have asked in my (first) e-mail from 06/15/2021.
the answer to the second e-mail (06/27/2021) could show the direction..., but I hope not.
I have asked him because of FFGO, NMGL, HGLC (Mockingbird), GNCP (Tonopah, Mockingbird) in an e-mail (date: 06/15/2021).
no answer...
then I have written to him at 06/27/2021. I have asked him for an answer within the next ten days.
he has answered the same day (06/27/2021):
"...not familiar with this previous e-mail that you refer to. Truthfully I am very perplexed with these questions that you are asking. they have absolutely nothing to do with GNCP..."
in my second e-mail there have been no questions...only the hint:...questions about FFGO, NMGL, HGLC, GNCP, i.e. the headline of the first e-mail only...
if he has not got the first e-mail, he can´t know the questions.
today I will send the first e-mail again... because momentarily my time is a little scarce, please could you search for the written down positions ??
perhaps they reduce the o/s further in connection with the application for an uplisting to OTCBB? perhaps a further possibility without loss of face?
today I have asked for an answer within the next ten days.
thereafter I will write to sec.
about two years ago management had the idea of an Q&A. my questions they have never replied to.
despite all this hysteria in the context of "cover....200 billion nss"
I have sent an e-mail 12 days ago with "questions about FFGO, NMGL, HGLC, GNCP" to Mr. Lowenthal. today I have asked for an answer again.
I wrote to him "please publish your answers, a lot of people are interested in these answers too."
now I will wait and see. I hope he will fulfill my request within the next ten days.
you don´t mean reverse repos (FRED economic data) with all its implications??
if I remember correctly: besides all these points such dividends would not be cumulative. further: "they " could pay perhaps additionally to the dividends a "premium" for the waiting time. but that is highly unsure imo.
at first I think payment of the dividends.
this coincides with my interpretation of the laws of Wyoming.
attribute "shareholder": it´s detrimental to that, if someone has written down the shares to zero and taken the tax loss.
twice my bank has tried to convince me to give up the shares.
the shares are the only proof that an investor is eligible to the
LIQUIDATION DIVIDEND.
apart from the fact that FFGO was a corporation and not a LLC, sorry I can´t find any hint about this two year period for "winding down" the firm.
for the effect of dissolution of a Wyoming corporation cf. WyO.Stat. §17-16-1405.there is written:
"a dissolved corporation continues its corporate existence but may not carry on any businesss except that appropriate to wind up and liquidate its business and affairs, including:
(i) collecting its assets, ..."
there I can´t find a period of time to do this collection. here a fixed period of time could bring big problems, if you can´t sell shortterm an asset or only for a very bad price.
NSS is a crime. without any doubt no culprit will reveal his crime voluntarily. I think that is incontestable.
if this small group holds the total float over the years and if these people never have sold, maybe only the holy ghost was able to produce the traded shares. or ...until now invisible NSSers???
the assets are the main point.
there has been a first restructuring of GNCP in June 2014, result was GNCP as a holding company with three 100% subsidiaries
White Hills...Inc., Mohave Cons....Inc., Walker Lane...Inc.
in these corporations have been a lot of exploration properties, especially in the goldsector.
for these explo. prop. GNCP has paid 44 Mil US-$.
in Sept/Oct 2015 the second restructuring, result: besides White Hill all other gold explor. properties have been exchanged for the silver explor. properties Pearl Spring, Tonopah and Yarber Wash .
McCracken: the existing claims have been returned to McIntyre, new claims were added.
White Hills: new claims were substituted for existing claims; conditions??
until now we could not check the exchange of silver for gold expl.prop. i.e. how many ounces silver GNCP has got for one ounce gold in the returned properties with regard to the date of exchange.
what about Tonopah Exploration Prop.?? it has disappeared...
now only "interests in" ...exploration properties, what about the Corporations??
there is a new property in GNCP named Mockingbird (about 1.700 acres). where does it come from? is it an asset of HGLC (2.500 acres) or is it independent of HGLC?
they have two year time for reinstatement (law of Wyoming). no problem.
they do it not for ther first time.
but I would be interested in answering the question: where are the assets which have been in these corporations??
FFGO has gone, definitely. but because of the laws of the state of Wyoming management is allowed to sell the assets of FFGO - these pref.A+B or the interests of Bouse and S.C. - and to distribute these assets among the former shareholders. this possibility was the reason for FFGO to go to Wyoming in 2010.
I think the only person who is able to inform us is Mr.Lowenthal.
to repeat once more:
1.) Mr.L. was a major shareholder of FFGO with 23.5% of the o/s of FFGO (FORM 8-K, 06/28/2010). i.e. 23,5% of the liquid.div. belong to him.
2.) Mr.L. has acquired as a major shareholder the total remaining long-term debt of FFGO (FORM 8-K, 07/28/2010). no more "external"debt
3.) Mr.L. has signed as CEO and President of NMGL the receipt about the pref.A+B shares of NMGL (FORM D, 09/12/2010).
these shares are the purchase price for the stocks of gold of FFGO (Bouse, S.Copperstone), because NMGL has not paid with cash.
these shares belong to the shareholders of FFGO, 23.5% of these pref.shares belong to Mr.L. because of 1.)
the FORM-D document is the last "sign of life " of our dividend shares.
I will send the same text to Mr. Lowenthal together with the request to pay our dividends.
GNCP - ...or management is not interested in inquiring the share structure with the TA...
arises the question: why?? here we can speculate.
FFGO - "shorty never covered". here the the answer could be interesting: who has shorted FFGO? we can speculate...
NSS positions in principle are invisible until...
of course they exist, read this:https:
this Lowenthal has not confirmed: nothing he has said about NSS.
remains the old question: if several people have bought up the float and held it, what is the source of all these traded "shares"? especially if in awaiting of a forced covering a lot of these traded "shares" remain in the accounts of the buyers??