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I havent noticed anyone jumping on it as "Fact" But it is funny how a rumor can gain momentum. I bet there has been more than a few shares of penny land stock that has traded based on nothing more than a rumor.
Go FFGO!
You may want to ask the Rocketman...and no doubt..I would love it if it were true!!!
I love how the Rumor Mill gets started. LOL
The address is probably just a mail box, and I do not have any other information that is not readily available on line to anyone. How ever here is a link to the latest sec filing for ASPA. Good luck with your search, If you find out anything good please let us know.
Thanks
http://www.sec.gov/Archives/edgar/data/1330023/000108671511000007/asp10q113010.htm
LOL..like that will ever happen.
Good morning Vianna..will you be my valentine?? :~)
Have a great day!!
Ronald Yadin Lowenthal
Director, President and Chief Executive Officer
ASPA Gold Corp
Rancho Mirage , CA
Sector: BASIC MATERIALS / Industrial Metals & Minerals
Officer since November 2010
Mr. Lowenthal is a specialist in Corporate Finance, in the structuring of IPO's and in fund raising for Mining Exploration Companies. From 1999, Mr. Lowenthal was a founding director of Incentive Holdings Ltd. and Incentive Securities Ltd, a South African based Financial Services Group. From 1982 to 1999, Mr. Lowenthal served as a financial consultant and as the compliance officer to family owned, Lowenthal & Co, a South African based Stock Broking, Corporate Finance and Fund Management company specializing in obtaining mining concessions for exploration, and obtaining and assisting a significant number of Mining and other companies with their obtaining quotations on the Johannesburg Stock Exchange. In 1971, Mr.Lowenthal earned a Masters of Business Administration degree from the Wharton Graduate Division, University of Pennsylvania, USA and in 1969 earned a Bachelor of Arts (Hons) degree in International Relations from the University of Sussex, England. Mr. Lowenthal is presently an officer or director of Kansala Resources SA, Senegal, Sanko Lowenthal, Mauritanie SARL, Sloane Investments, Inc., Chataprop Holdings 86 (Pty) Limited, IHL Nominees (Pty) Limited, Incentive Securities (Pty) Limited and North American Gold & Minerals Fund. He was previously an officer or director of Faso Mining SA, Consolidated Mining Corporation Limited, West Witwatersrand Gold Holding Limited, Carrig Diamonds Limited, Hanover Capital Group plc, Anglo Dutch Life Limited, Africa Resources Investments Limited, Catwalk Investments 398 (Pty) Limited, Hanover Research (Pty) Limited, Incentive Asset Management (Pty) Limited, Incentive Asset Traders, Incentive Corporate Finance (Pty) Limited, Incentive Holdings Limited, Rhizoid Timeline Formula Limited, Saga Lowenthal Commodities (Pty) Limited, Benoni Gold Holdings Limited, Bonte Koe Mynbou Ondernemings (Pty) Limited, Rex Mining Corporation Limited, Southern Fissures Limited, Wolfberg Mynbou (Pty) Limited, Carbon Leader Limited, Loxton Exploration (Pty) Limited, Dukes Court Shareblock Limited, Edgtech Holdings (Pty) Limited, Master Computer Bureau (Pty)Limited, Moorpark Shareblock Limited, Pick Distribution Company (Pty) Limited, Pick Square (Pty) Limited, Pick Technologies (Pty) Limited and Mesklip Prospecting (Pty) Limited. From 1972 to 1979, Mr. Lowenthal served as an International Merchant Banker with Scandinavian Bank in both London and in Singapore, Amex Bank in both London and in Hong Kong, Rothschild Intercontinental Bank in both London and in Hong Kongand with European and American Bank in New York. From 1979 to 1981, Mr. Lowenthal was involved in Diamond Mining and in Diamond Trading on an International basis. On November 22, 2010, Ronald Yadin Lowenthal was appointed President and Chief Executive Officer of the Company. On November 26, 2010, the Board of Directors increased its size to 4 (Four) Members and elected Mr. Ronald Yadin Lowenthal, the Company's President and Chief Executive Officer, to the additional Board seat.
Colorado,
I've wondered about that in the past, if you look at the 8k that I have pasted a link to, it would seem that the sale of your bouse and south copperston shares is mandatory at the same price as every other share (you don't hold certificates of either do you?). So if I'm reading the whole share structure correctly then I don't see that they would need to contact you or any other shareholder for that matter. You should just simply recieve your div once it is complete.
JMO
http://www.sec.gov/Archives/edgar/data/802206/000101376210000934/form8k.htm
This was published back in 2006.
http://www.gold-eagle.com/editorials_05/gerbino103106.html
Gold prices were considerably lower than what they are now, but I think this still applies so I find it very interesting with regard to our current market. There is real value here in FFGO/NMGL land, "time" as always will tell the tale of who is right and who is wrong.
The stock for all intent and purpose is currently ill-liquid, many here have nothing better to do than to sit and complain about it. Well Boo-Hoo, sob-sob, my beer is getting watery. I hope you feel better soon!
As for me, There are other ventures to be made, But I do know that when this pays off I'll still have my tickets. So "Tic Toc" What other choice do any of you have??
JMO
Lebron, There is more to it than that, even if they become current it may take a year befor they can be listed on the OTCBB again. Se Below, but keep in mind that NMGL can complete the deal regardless of what exchange they are listed on. I'm sure Lowenthall is not happy to be on the pinks, but it really dosn't matter as far as FFGO and the Div are concerned.
JMO
If an issuer continues to be delinquent in its 1934 Act reporting obligations after the expiration of the NASD Rule 6530 grace period, the issuer’s stock will be removed from quotation on the OTCBB. Under NASD Rule 6530(e), an issuer that is delinquent in its reporting obligations three times in a 24-month period and/or is actually removed from the OTCBB for failure to file two times in a 24-month period is ineligible for quotation on the OTCBB for a period of one year.
Once removed from the OTCBB, can a company’s stock be quoted again in the future?
If an issuer’s stock is removed from quotation on the OTCBB, the issuer has the option of appealing the decision. However, the Panel that hears the appeal will only rule on whether or not the issuer was current with its 1934 Act reporting obligations at the time its stock was removed from quotation.
Assuming the issuer chooses not to appeal, or is unsuccessful in its appeal, the issuer would have to wait for one year before seeking to again be quoted on the OTCBB. Issuers cannot directly petition the OTCBB. In order to be quoted on the OTCBB, the issuer must request a Market Maker to file a Form 211 and a Form 211 Addendum.
Click here to download Form 211 and the Form 211 Addendum.
How strict is the OTCBB with companies that repeatedly make late 1934 Act quarterly or annual reports?
The OTCBB uses a “three strikes” system to track issuers that are repeatedly late in meeting their 1934 Act reporting requirements. Once an issuer accumulates three strikes, the OTCBB removes the issuer’s stock from quotation on the OTCBB.
http://www.shajlaw.com/media/reports/AvoidingRemovalfromtheOTCBulletinBoard(1).pdf
I guess the times they filed late have added up. Looks like this is the third strike...but it really does not change anything and I'm betting they will eventually bring their fillings current, and will follow thru with the div.
JMO
They may not be able to. At least for a year. But we don't know any of the particulars about whats going on.
anyway read below.
If an issuer continues to be delinquent in its 1934 Act reporting obligations after the expiration of the NASD Rule 6530 grace period, the issuer’s stock will be removed from quotation on the OTCBB. Under NASD Rule 6530(e), an issuer that is delinquent in its reporting obligations three times in a 24-month period and/or is actually removed from the OTCBB for failure to file two times in a 24-month period is ineligible for quotation on the OTCBB for a period of one year.
Once removed from the OTCBB, can a company’s stock be quoted again in the future?
If an issuer’s stock is removed from quotation on the OTCBB, the issuer has the option of appealing the decision. However, the Panel that hears the appeal will only rule on whether or not the issuer was current with its 1934 Act reporting obligations at the time its stock was removed from quotation.
Assuming the issuer chooses not to appeal, or is unsuccessful in its appeal, the issuer would have to wait for one year before seeking to again be quoted on the OTCBB. Issuers cannot directly petition the OTCBB. In order to be quoted on the OTCBB, the issuer must request a Market Maker to file a Form 211 and a Form 211 Addendum.
How strict is the OTCBB with companies that repeatedly make late 1934 Act quarterly or annual reports?
The OTCBB uses a “three strikes” system to track issuers that are repeatedly late in meeting their 1934 Act reporting requirements. Once an issuer accumulates three strikes, the OTCBB removes the issuer’s stock from quotation on the OTCBB.
http://www.shajlaw.com/media/reports/AvoidingRemovalfromtheOTCBulletinBoard(1).pdf
I hope your right, but it looks like NMGL is being delisted from the OTCBB and are being moved to another listing (pinks). So thats seems to be why their Ticker is back to being NMGL again. Lowenthall may have some damage control to take care of.
JMO
Security deletion:
13:15 NMGLE North American Gold & Minerals Fund.
NEW Common Stock
1/31/2011 100 Failure To Comply With NASD 6530; Added to NBB (NMGL)**
Definition of NBB: Non-Bulletin Board. OTC securities that are not quoted on the OTCBB. NBB securities may or may not be quoted on the Pink Sheets. Also called other-OTC.
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=OTCBB&d=01/28/2011
Looks like they are being delisted from the OTCBB and are being moved to another listing (pinks). So thats seems to be why their Ticker is back to being NMGL again. Lowenthall may have some damage control to take care of.
JMO
Security deletion:
13:15 NMGLE North American Gold & Minerals Fund.
NEW Common Stock
1/31/2011 100 Failure To Comply With NASD 6530; Added to NBB (NMGL)**
Definition of NBB: Non-Bulletin Board. OTC securities that are not quoted on the OTCBB. NBB securities may or may not be quoted on the Pink Sheets. Also called other-OTC.
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=OTCBB&d=01/28/2011
Yeah, I thought that as well but some people here seem to think that since FFGO is so past due with their filings, that it would be to expensive for a buyout company to bring it current.
I dunno
Alan, I'm not so sure. Accoording to the FAQ ffgo will become dormant (like they are not already) after the div is paid. Are you speculating that they have something else in mind which may create some value for their shares?
I havent forgotten the 3% either, but I'm hoping this deal is concluded prior to it becoming a real factor. If the prefered shares are issued and fully tradable, as indicated in the FAQ then I'm most likely selling as soon as possible.
JMO
An interesting thing to consider here, and as I'm slow in the head at times i didn't realize this before. But According to the PR's. Sloane, aka Lowenthal paid .0035 per share of his 21% interest in FFGO, However, as we all know the div is to be issued at .003449 which equates to about a $900,000.00 loss for Slaone Invetments (it's actually alot higher if you take it to the 4th decimal place). I'm wondering if this was a mistake on Lowethals part and thats why he is dragging this thing out. Maybe he's trying to perhaps work things out so a higher div is declared to cover that loss???
I'm out there on this one I know, but well we haven't ever really explored why or how that mistake, if it was a mistake was made. Why did they do that, any Ideas??
JMO
Bobby,
Lowenthal is a 21% share holder of FFGO common stock through Sloan investments...I kind think that provides some of the incentive your talking about for NMGL to get it done..I talked about that in Post # 170229 of 170231. Check it out. JMO of course.
Go FFGO!
I have no idea
ok, you said that you started something. Did you file a complaint against FFGO or something like that?
John, Just curious...What have you started that could shut them down?
Not sure if there is a hidden meaning in this, but I was reviewing NMGL past filings and it looks like this is the first time NMGL has been really late with a 10-Q, they have filed NT 10-Q's in the past but always the 10-Q followed with in a few days. Right now we are looking at 6 business days since the NT 10-Q was filed. My understanding was that extended them for 5 days. Now they have the "E" added to their ticker. I'm guessing they will correct that today. Don't know if that will effect us or not. Any thoughts?
Good Morning Vianna, Today feels like a nice FFGO day. Wishfull thinking I'm sure, but one needs to keep an optimistic point of view.
Go FFGO!!
Not Scottrade, they will only accept Limit orders for any stock under a dollar.
Thanks for the info, I suspected as much, but it's nice to get others opinions.
I have a real hard time getting my head around the whole short position theory. I just do'nt see the logic with some of the things being presumed. Especially when people make comments like there being no shares to buy in the market. I mean, I have shares sitting in a limit sell order at this very moment. Is it being suggested that my shares are in fact not real? If so then why would Scottrade allow the position? What am I missing?
John, I'll bite on that..Why would they need or even want to do that? I mean what is the point? I'm asking because I am genuinly interested in this whole short position theory.
Seven, did you mean .00001? Because there is not significant buying at .0001 and really hasn't beeen in a long time. I have had a GTC sell order at .0001 since early Dec. and nothing. I have also had previous 1 month long GTC orders in as well. Perhaps fortune favors the foolish here at FFGO in that my sell order has not been filled, and I'll benifit with a 3400% return on my unsold shares.
Go FFGO!
Dich
I'm game, What is the master Plan? just incase I havent figured it out yet (I havent).
OldBen,
I appreciate the direction your question takes us, and I have to admit that trying to speculate on the reasons of "why" have not been points of specific focus in my DD. Rather I have relied on the face value of the tangible supporting facts in hand. This focuses on what “Will” be done. There could be, and I suspect that there are, multiple reasons for "Why" they do this thing. Which range from paying creditors, satisfying the historical dividends, receiving cash for their individual holdings, trapping the short man by the short hairs?? Etc.
For me it boils down to this. If we knew the true "why" FFGO and company chooses to do this thing then perhaps we would all then know without much doubt if this deal is real or instead is a scam. So yes, I would love to know the factual "WHY" behind the deal, but I don't know how we will ever find out until it is all over. So I ask you. Is it not enough in penny land to believe that they are acting in their own "Self-interest” and that in doing so, shareholder interests will be satisfied as well?
JMO
Go FFGO
Hi V. All is well I presume? Just waiting for her to come vooming around the corner!! LOL maybe she will be driving six gold horses when she comes!! Ha ha.
Go FFGO!!
Not one material event has happened that brings this fantasy any closer to reality, and not one ever will.
I beg to differ! I will give you two examples backed up by SEC filings.
Material event #1.
Sept 8 2010, FFGO announced the completion of the Sale of their gold interests to NMGL, Supproting Document, 8-K filed by NMGL directing its transfer agent to transfer the A & B shares to Western Diversified as payment.
Material Event #2.
Dec. 10th 2010, NMGL files a form D, Notice of Exempt Offering of Securities For 12,096,115 shares of Series "A" prefered stock valued at $16.00 per share as payment for the purchase of Bouse Gold.
Material Event #3
Dec. 10th 2010, NMGL files a form D, Notice of Exempt Offering of Securities For 29,334,212 shares of Series "B" prefered stock valued at $2.20 per share as payment for the purchase of South Copperstone.
Oh Wait!! Thats three material Events!! LOL
Try again XBladeRob, Thanks for playing.
Go FFGO!!
NT 10-Q was just filed for NMGL...figures
I wonder if we will get a filing from NMGL today? Lowenthal filed a 10-Q for Aspa at 2:12
Thanks Guys, and Thanks V. I hope everyone has a great Holiday weekend..see yas on Tuesday!
Scam or Not a Scam..Is that the question?
Who the heck really knows?...I don't, thats for sure, but my gut tells me it's gonna be big...anyway just thought I would remind some of the good folks on here of something I think we need to remember...We all should know and can see by looking back in time to July 1st. 2010. We were alerted to the presence of a new shareholder holding in excess of 21% of FFGO. Sloan Investments, AKA Randal Lowenthal..who purchased 17,645,966,686 shares of FFGO @ $.0035 PS which equates to a little over $62 million. Some say it was just a paper swap and that may be, but the end result is that Sloan (Lowenthal) is the benifiicial owner of those shares, (I don't pretend to understand the .0035 number since as we all now know that he knew all about his plans with NMGL, and I'd bet he knew what the Div is going to be even then). Anyway lets fast forward to the present...FFGO is dormant, they have no cash, no revenue source, blah blah blah..you know, all the stuff one of our concerned board posters likes to remind everyone about pretty much on a daily basis..but I don't think any of that matters. Even if FFGO is slid off into the greys they are still holding through Western the Remaining Bouse and S. Copperstone shares (for the historic dividend) as well as our Prefered A's and B's. Sloan is in a position to fund FFGO so they can complete the necessary SEC filings and issue the div. And when that happens Sloan will be in control of either Cash, if it's a cash div, or $62 million dollars worth of Fully tradeable NMGL A & B prefered shares, what fun that will be, and guess who gets to go along for the ride when it happens?? Lowenthal is waiting for something, what that is we can only guess..perhaps it's shorty as some speculate..but what ever it is, it is easy to see that this whole thing looks to be geared for the big boys to make a killing when the trigger finally gets pulled. And given the rising price of gold I'd say there should be pleanty of buyers out there positioning themselves to snag this thing if it's priced right. So I have to say that in my opinion this is no scam, at least as far as shareholders should be concerned. Anyone have anything to add to support or even to shoot holes in this??
GO FFGO!
Dich
yeah..well...comon..that paragraph has at least six words in it that has eight or more letters in em!!!!
LOL
GO FFGO!!
paunch, We have our shares from NMGL they are being held for us by Western Diversified a subsidiary of FFGO
Bobby,
One thing that needs to be kept clear for any newbies. While the A and B's are indeed being heald by Western, they are not "ours" yet. They will not be until a record date is declared and our names as shareholders of record are registered. So it is still anyones game. Who wants to play?
Go FFGO
I havent seen these posted here yet. For what ever its worth.
GO FFGO!!
www.mcintyrebaumangroup.com/abstracts/south_copperstone
www.mcintyrebaumangroup.com/abstracts/bouse.pdf