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Neither does FFGO (no money) wholly owned subsidiary Western Diversified Mining Resources, Inc. ("Western") entered into an agreement with North American Gold & Minerals Fund ("North American").
This whole transaction was done with IOUs. And now FFGO shareholders are paid with IOUs.
Take America Back say NO to foreign nationals and companies!!
Seriously, Mike what is there to explain? Their 8-k is straight forward like every other filing.
Sections 2 and 3 say it all.
Teach MAY I go to the bathroom. No, sit there in you puddle. :(
1) The Board of Directors, determines the faith of the shareholders. The board and can keep these share locked-up forever!!
2) You own an IOU. With no open-market trading in the shares! These share won't be shown in the brokerage account. North American will send you the certificates to be place in your own vault until such a time the board sends you a letter that you MAY SELL your shares.
The Board determines when and if you can sell!!
DO You trust these board members that you had not and will not be able to VOTE (YES or NO) to elect or re-elect??
I say No!
Your faith is in the Directors of the Board (North American) cause your vote just don't count. See Sections 2 and 3 in Aug. 12, 2010 8-k.
Puppy: The past is the past, stop talking about the Float and concentrate on the August 12, 2010 bend-over 8-K sections 2 and 3.
Up to the directors of the board, no votes for shareholders, may get money if stock reaches $2.20 or $16
Here are some the answers for FFGO:
Do you trust these foreign nationals?
Let us look at Series A Preferred Stock, as the "Bouse Liquidation Payments":
Section 2.3.4: Your stock has NO VOTING rights!
Section 2.3.5: On or After January 11, 2010 it is up to the Board of Directors if you may sell your shares in North American.
It is up to you stop these foreign national scams and Money Laundering between foreign national companies.
We so sorry uncle FFGO but we haven't done a bloody thing all day.
There are many things I can tolerate and lying is not one of them.
http://www.americanchronicle.com/articles/view/176487
AND CALLING IT A LOTTO PLAY is FRAUD, TOO!!
We so sorry uncle FFGO but we haven't done a bloody thing all day.
There are many things I can tolerate and lying is not one of them.
http://www.americanchronicle.com/articles/view/176487
We so sorry uncle FFGO but we haven't done a bloody thing all day.
There are many things I can tolerate and lying is not one of them.
http://www.americanchronicle.com/articles/view/176487
Ask for them from your broker and get the certificate.
Just sign over your certificate to whom want to give it to. Just like name changes.
YES, because SLOANE has no money. If they had money they would have bought on the open market the majority of their 14 billion shares for $0.0001
I have filed the complaint with the SEC basically mentioning MONEY Laudering between foreign nationals.
Basically, you lease you shares to North American at 3% interest if the mines are operational and/or if they are higher then $2.20 or $16 they might let you sell your shares. It is up to North American if they let you sell shares.
These are non-market shares you cannot trade them even after the Jan 1. 2011. You stand a better chance to auction them thru ebay to make money.
I could tell you who is NOT BUYING and that is SLOANE.
I wonder if these preffered shares are legal in an IRA?
What should happen is ALL Shareholders bring together the preffered shares under a single corporation. You should unite!! Fight the power!
yes, 9:32AM 0.0001 20 million :))
The reasons I sold is that:
1) No voting power
2) Share are not traded on the open market
3) It is up top North American if you can sell the shares.
4) It is an IOU from North American
Thank you TDameritrade for 20 million dump
2. Liquidation of the Company or Sale of Investment in Shares of Bouse Gold Inc .
2.1 Liquidation Preference. Upon (a) any liquidation, dissolution or winding up of the Company, whether voluntary or involuntary,
or (b) any sale by the Company of all or substantially all of its investment in shares (the “Bouse Shares”) of common stock of Bouse Gold,
Inc., a Wyoming corporation (“Bouse Gold”), the holders of the shares of Series A Preferred Stock shall be senior in rights to the holders of
the Company’s common stock as to proceeds of sale (after deduction of the costs and expenses of sale and a 5% handling fee, the “Bouse
Proceeds”) of the Company’s Bouse Shares and shall be entitled to be paid a maximum amount equal to Sixteen Dollars ($16.00) per share (the
“ Liquidation Preference”) of the Series A Preferred Stock from said Bouse Proceeds. Such amount payable with respect to one share of Series
A Preferred Stock, as the case may be, is sometimes referred to herein as the "Bouse Liquidation Payment” and, with respect to all shares of
Series A Preferred Stock, as the “Bouse Liquidation Payments".
2.2 If upon (a) such liquidation, dissolution or winding up of the Company, whether voluntary or involuntary, or (b) such sale by the
Company of all or substantially all of its investment in the Bouse Shares, the Bouse Proceeds shall be insufficient to permit payment to the
holders of Series A Preferred Stock of the full Bouse Liquidation Payments, then the entire Bouse Proceeds shall be distributed ratably among
the Series A Holders.
2.3 Upon (a) any such liquidation, dissolution or winding up of the Company or (b) any such sale by the Company of all or
substantially all of its investment in the Bouse Shares, after the holders of Series A Preferred Stock shall have been paid in full any Bouse
Liquidation Payment to which they shall be entitled as set forth in subparagraph 2.1 above, the remaining net assets of the Company or Bouse
Proceeds (to the extent that the Board of Directors declares a dividend), as the case may be, shall be distributed to the holders of common stock
in proportion to the shares of common stock then held by them.
3. Bouse Dividend Preference. To the extent that any dividends are declared by the Board of Directors of the Company from current
earnings of the Company that are attributable to any dividends paid to the Company by Bouse Gold (“Bouse Dividends”) or Bouse Proceeds
(after deduction of a 5% handling fee), shares of Series A Preferred Stock shall be entitled to receive dividends at a fixed annual rate of Three
Percent (3%) of the Liquidation Preference,, payable solely from said Bouse Dividends or Bouse Proceeds, before any Bouse Dividends are
paid by the Company on its common shares. Such dividends payable to the holders of the Series A Preferred Stock shall not be cumulative. So
long as any shares of Series A Preferred Stock are outstanding, no dividend (other than a dividend in common stock or in any other shares
ranking junior to the Series A Preferred Stock ) shall be declared or paid in any year from Bouse Dividends or Bouse Proceeds (other than from
said 5% handling fee) unless, in each case, the full dividend for said year on all outstanding shares of Series A Preferred Stock shall have been
or contemporaneously are declared and paid from the Bouse Dividends or Bouse Proceeds.
11
4. No Voting Rights . Except as may be required by law and as is provided in this Certificate, no holder of outstanding shares of Series
A Preferred Stock shall be entitled to vote their shares of Series A Preferred Stock.
5. Redemption . The shares of Series A Preferred Stock shall not be redeemable prior to December 31, 2010. On and after January 1,
2011, the Company, at its option, may redeem shares of Series A Preferred Stock, as a whole or in part, for cash, at any time or from time to
time, at a redemption price of Sixteen Dollars (US$16.00) per share plus, in each case, any declared and unpaid dividends thereon to the date
fixed for redemption. In the event that fewer than all of the outstanding shares of Series A Preferred Stock are to be redeemed, the number of
shares to be redeemed shall be determined by the Board of Directors and the shares to be redeemed shall be determined by lot or pro rata as
may be determined by the Board of Directors or by any other method as may be determined by the Board of Directors in its discretion to be
equitable. In the event the Company shall redeem shares of the Series A Preferred Stock, notice of such redemption shall be given by first class
mail, postage prepaid, mailed not less than 30 nor more than 60 days prior to the redemption date, to each holder of record of the shares to be
redeemed, at such holder’s address as appears on the stock records of the Company, or by publishing notice thereof in a newspaper of general
circulation in Clark County, Nevada. If the Company elects to provide such notice by publication, it shall also promptly mail notice of such
redemption to each holder of the shares of Series A Preferred Stock to be redeemed. Each such mailed or published notice shall state: (a) the
redemption date; (b) the number of shares of Series A Preferred Stock to be redeemed and, if fewer than all the shares held by such holder are
to be redeemed, the number of such shares to be redeemed from such holder; (c) the redemption price; (d) the place or places where certificates
for such shares are to be surrendered for payment of the redemption price; and (e) that dividends on the shares to be redeemed will cease to
accrue on such redemption date. No defect in the notice of redemption or in the mailing thereof shall affect the validity of the redemption
proceedings, and the failure to give notice to any holder of shares of the Series A Preferred Stock to be so redeemed shall not affect the validity
of the notice given to the other holders of shares of the Series A Preferred Stock to be redeemed. Notice having been mailed or published as
aforesaid, then, notwithstanding that the certificates evidencing the shares of the Series A Preferred Stock shall not have been surrendered,
from and after the redemption date (unless default shall be made by the Company in providing money for the payment of the redemption price)
dividends on the shares of the Series A Preferred Stock so called for redemption shall cease to accrue, and said shares shall no longer be
deemed to be outstanding, and all rights of the holders thereof as stockholders of the Company (except the right to receive from the Company
the redemption price) shall cease. Upon surrender in accordance with said notice of the certificates for any shares so redeemed (properly
endorsed or assigned for transfer, if the Board of Directors shall so require and the notice shall so state), such shares shall be redeemed by the
Company at the redemption price aforesaid. In case fewer than all the shares represented by any such certificate are redeemed, a new
certificate shall be issued representing the unredeemed shares without cost to the holder thereof. Any shares of the Series A Preferred Stock
that shall at any time have been redeemed shall, after such redemption, in the discretion of the Board of Directors of the Company, be (x) held
in treasury or (y) resume the status of authorized but unissued shares of preferred stock, without designation as to series, until such shares are
once more designated as part of a particular series by the Board of Directors.
6. Amendments . No provision of these terms of the Series A Preferred Stock may be amended, modified or waived as to such Series
without the written consent or affirmative vote of the holders of at least fifty-one percent (51%) of the then outstanding shares of Series A
Preferred Stock.
IN WITNESS WHEREOF , North American Gold & Minerals Fund has caused this Certificate to be signed by Ronald Y. Lowenthal, its
President and CEO, this 11 th day of August, 2010.
Ronald
These are non-list preferred and will not have a trading symbol.
NO Voting power! This is an IOU in some future pay-date.
You get both.
Sure glad Sloane and etc. are getting screwed
Good I hope it ends at NO BID
I hope it is today.
Have you read the FFGO as of yesterday? PR is due at 16:10 EST or 4:10 PM
If NMGL buying FFGO. Then why no short selling NMGL?
IMHO, Well lets just say there are 1100 shareholders and 90% don't care or follow FFGO anymore. Which leaves about 110 true shareholders and they are now mostly watching and not buying more stock. Out out of those 110 about 15 are recent buyers (less 2 months old)
FFGO didn't PR this stock to the mass so, it has been boring as of late.
I hope 4:10 PM is a good number. But, I do like uranium but settle for gold. Originally bought FFGO because of a uranium play.
My opinion of dividend:
Dividend Paper work was given to FINRA on 8/2/10 with instructions to place the dividend dates on the daily list on 8/12/2010.
Ex-dividend is 8/12/2010
Date of Record 8/16/2010
Payment date: 8/19/2010
The point is that our IR Dave should have never said anything regarding the dividend date (examples or otherwise). In my e-mail responses he gave me a typical politician response.
NO!!
To: ir@fortfinancegroup.com
Cc: admin@fortfinancegroup.com
Dave,
1) Is the money from the sales of the properties in an escrow account?
2) Has the company set the dividend record and payment dates?
3) Has the proper paper work been given to FINRA for issue of payment?
Thanks,
FFGO
...
From:
Dave Goldberg <globalinvestorrelations@gmail.com>
...
Add to Contacts
To: t
Sir,
1) We are not privvy to the details of the transaction - only to the information that is public knowledge.
2) The company has not yet set a 'record date' or 'payment date'
3) Once again we do not have any information that is not already in the public domain.
These details will be announced once the transaction is completed and the dividends are issued.
Regards,
--
Dave Goldberg
Global Investor Relations
407-403-5565 ir@fortfinancegroup.com
Shareholders must sign up for email at the website as there will be no other mechanism for us to update you AND THAT INCLUDES THE PREVIOUS EMAIL LIST THAT HAS HISTORICALLY BEEN IN PLACE! (http://www.fortfinancegroup.com)