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Hello Vianna.......
is it logical to think the record date can not be a day in the past?
Thanks.
Is it logical to think .....
that the record date can not be a date in the past? ......... does anybody know? TIA
Hi V.........I'm still around waiting .......... hopefully any day now ............ how about the other one .......... could be real close too
Keith
V....I hope you are right......a bit odd....you think for the debt to be primarily extinguished, and then add more debt. It may not devalue the deal, but the stock just became devalued. That is just asset/liability bottom line information.
My question running through my mind is:
Why increase debt, when ffgo recently has converted debt for equity with note holders. Is this a step backwards?
Increasing debt and not revenue decreases stock value....and company value. IMO...the longer the deal is not sealed, it's likely the stock will not have any bids. This does not give me the warm and fuzzies!!!!!!
GM V.....and all.....Looks like the buyers
were attempting to play hard ball...Perhaps FFGO will be in a stronger position to demand the right price.......Anyway, looks like this will not close any time soon.....JMO.
At this point.......
I wish they would put out a PR out pumping so the share price goes up for those who want out to get out!!!
have............I'm in your shoes.........I'm a positive person and look on the bright side of things........I thought last weeks PR announcing a stockholder relations person was positive.........We've heard nothing. Several weeks ago we heard that the note holders swapped debt for equity, to me that was the most positive PR. Now we wait.....wait....in this case, the stockholders and the market will agree that no news is not good news!!!!
We need concrete info......I agree with the poster that .0001 is next flatlining.
closed at .0002...eom
Based on this post and Fire's submission of the date data, should we conclude all is status quo?
Fire........for those of us without the Acrobat pro......please supply the data...TIA
Fire......share it with us.....IF YOU CAN!
GM ...... V ...... and all .... IS THIS POSSIBLE?
With the post by Tex finding the sale of Searchlight, I pondered. Is this a possibility?
http://www.mcintyrebaumangroup.com
McIntyre Bauman desired to sell. FFGO was an impediment to the sale because of the mess they were in at the time with stocks and debt. McIntyre Bauman told them to fix their mess ASAP so they could sell. FFGO dis so. Here we are.........Bouse sold, waiting on South Copperstone.
-------------------------------------------------------------------------------------
Tex77, you are the man!! SOLD!! To the highest bidder!!
Searchlight Exploration
PROPERTY ABSTRACT SUMMARY SHEET
KEY INFORMATION
1. PROPERTY NAME: Bouse Property
2. PROPERTY STATUS: SOLD
http://www.mcintyrebaumangroup.com/abstracts/bouse.pdf
josh..............if you think this a roller-coaster ride.......
you would have been ejected from your strapped in seat if you experienced the ride on Tuesday that some of us survived.
The MM's here are freshman compared to the seniors linked to other stocks.
FACT
GM..V.....An awesome view of MM's.............
"My general take (as a simpleton on this matter) now is that this "shake the tree" scenario was at play (whether or not also related to shorts covering). In the "shake the tree" action, the MMs, who have been lurking in and about the apple orchard, get everyones attention and point out a really impressive fruit bearing apple tree. They get everyone that is picking apples in other trees to come, set down their baskets around this full, beautiful apple tree - to especially look to the upside "way up," the top of the tree and how many apples there are and how luscious those would be. They then get a bunch of those funny shaped apple picking ladders that are wide on the botton (easy to get on) and narrow at the top (hard to stay on) and start leaning them against the tree so that everyone can get right up there and get those good ones. Once everyone is up high on the ladders that are leaning on the tree, they shake the tree and take the ladders. So much commotion is now going on that everyone grabs the branches and falls forward toward and into the tree to keep from falling. They drop the apples they had already picked. Once secure on a branch, they look down below and the MMs "surprisingly" had set up nets. Were they supposed to jump into those nets they wondered? Nope. Those nets are already full of the massive amount of apples that came down when the tree was shook and everyone crashed into the branches to keep from falling, including the apples they had just picked.
The MMs leave with the nets filled with apples, and even take the baskets of apples that everyone had already picked but had set down to get up to the top of this tree.
As everyone, dejected, starts to pick up at least some of the damaged apples and begin to leave the apple orchard, they notice that the MMs have already set up a table at the exit from the orchard. What are they selling? Apples - your apples.
From a simpleton point of view."
MM's at work everywhere...........
even on "SURE THINGS"...........V knows!!!!
V.............check it out.........
.475 in pre-market!!!!!!!!!!!!
smitty....I hope so.....we all cash in l..eom
GM..V and FFGOrs.....overacheiver.....how many shares do you own?
Colorado...........I bet the loan note holders would not agree to:
What they should do is run the pps up to .0005, and issue 5 times less shares to get the same value. Would be better for us until the deal is done, but I guess not that good for the company. JMO.eom.
The loan note holders are going get 5x their investment at .0001.
V...........got your message.....you won't regret it. Hopefully this week.......if not......definitely in the future. I've been holding for 1.75 years.
LONG AND STRONG!!!!!
paunch.........MM's must have billions to sell at .0001. We're all holding or buying.
WOW...........I expected heavier volume...
My Etrade says 1.5 million only so far.
Good Morning Vianna....... I read
a theory that the alternative proposal may be that NMGL is the competitor. thoughts or info?
HAVE A GREAT DAY!!!! and MANY THANX!!!!
V, TEX, pris & srm...................
where did they come from....................and what do they want........LOL!
GM....V....and all......eom
Libra.........do you think the co-owner of Searchlight bought Searchlight stock because they know when the FFGO deal inks, their windfall will increase their share prices?
All thoughts welcome!
GM to V and all FFGOrs!!!! eom
Thanks V.....I agree with all you said!
Vianna, can you please help me hear......
Do you expect to hear from FFGO prior to 4-30-10? The highlighted statement below in the filing makes me think. In your opinion, does that statement imply.........very lightly imply.......that an update is needed to satisfy the loan note holders by 4-30-10, not that the sale will be concluded, but forward progress towards a sale in needed.
I know that the subsequent paragraph is optimistic about the sale, but what is your take?
In my heart, this is all legal CYA's. Other stocks I'm following use the legal CYA is used all the time.
Your opine is much appreciated.
Have a great day!!!!
Keith
__________________________________________________________
ITEM 8.01
OTHER EVENTS
EXTENSION GRANTED TO THE COMPANY IN THE SETTLEMENT OF THE OUTSTANDING LOAN NOTES
The Company on February 16, 2010 successfully renegotiated the extension of the settlement of all of the outstanding Loan Notes due by the Company.
The Loan Note Holders have agreed and without exception that they will wait for the completion of the sale of the Company’s Gold Interests; in order to obtain full settlement of their outstanding Loan Notes and the accrued interest thereon. The Company and the Loan Note Holders have agreed that it is in their interests that the Company’s Management shall continue to use its best efforts to complete the sale of the Company’s Gold Interests. The Company is expected, by the Loan Note Holders, to complete all of the necessary documentation to give effect to the completion, sale and transfer of the Company’s sale of if its Gold Interests; by no later than April 30, 2010.
These Loan Note Holders had previously given the Company a deadline of no later than February 18, 2010 to complete the sale of the Company’s Gold Interests.
NEGOTIATIONS TO DISPOSE OF THE COMPANY’S INTERESTS IN THE “BOUSE” AND IN THE “SOUTH COPPERSTONE” GOLD PROPERTIES
The Company remains very committed to the sale of its interests in these two Gold Properties. Negotiations in respect of the sale of the Company’s interests remains at a very advanced stage and the appropriate due diligence currently being conducted by the Purchasers is ongoing and near satisfactory completion. The Company’s Management is very confident that these sale transactions will be completed within the time frame specified and that the sale price and terms remain well within the scope as announced to its stockholders.
GM...V...and all FFGOers........GLTA
why is the shares issue being bantered about so much.....they filed the 8k with the share info.........is anyone implying they filed a false report?
educate me please.
srm4u.........many thanx to you as well!!! eom
Thanks V.............
truly thanx for the info!!!
GM V......thanks......
hope all is well. Have a great day!!
thanx bobby...eom
I now believe, the ball is back in the buyers court, to see how he responds to the reduction of royalties %commitment as the forth counter offer.
how do you know that there were 4 offers. I was unaware.....anybody else?
many thanks paunch...eom
paunch......THANX......do you mean that since no details have been revealed, dividends may be paid out to all shareholders regardless of purchase date?
I don't know anything about dividends in this case, but logically speaking, I guess a shareholder is a shareholder regardless.......THOUGHTS?
V........my question has nothing to do with divies, because I am not eligible...
what would happen to those of us that bought in the fall?
Wouldn't the market determine the share price after the deal goes through?
Is it possible that Lumb incorporates all of FFGO in the deal and converts FFGO commons at .0001 to NMGL shares at an equivalent price of the sale?
Could this be why NMGL is ready, but has not started trading yet?
TIA