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As long as they are not screwing over someone with pull at the SEC or in government, it will continue.. It has gone on for how many years now? How many times have we reported them to the SEC? Lumb and his cohorts and puppets will continue what they do...
Or it could be GWGO
We've both been in this for a long time... its the same thing every two years... just different names on the companies.. but the same group of guys behind the scenes...
I remember when they were PRing the same resources going to be sold to Goldco for shares... those that have been in this long term know that the only way to make $ here is to buy low when they dont PR and sell on the pumped up runs... Lumb used to be able to get this up to .001 and that was worth waiting a year to benefit from.. but that was only feeding off of his scam rather than being fed on by his scam...
For those that sold at .0002 great for you folks..
There is no promise of and cash at any time... they MAY redeem the preferred stock at the earliest jan 2011.. but why would they do that?
of the resources held by NMGL, half of them we traded for prefered shares and the other half (yaba etc) we just gave away.. What NMGL now has, we had already in FFGO... How long before NMGL acquires the resources from HGLC?
Your choice of the words 'will' and 'are' contradict the 8k's specific usage of 'may' ... You MAY get cash... NMGL may redeem the preferred shares for cash... they may do something else...
Stating that we will get cash is misleading...
means nothing... so our holding of shares grows by 3% each year.. not like they would pay a cash divy...
didnt you read the 8K... NO CASH... NMGL Shares only... no bank needed for that bait and switch
what happened to the banks we bought?
C'mon ya dang horse.. the water is over here!!!!! C'mon!!!! Oh well
is this any different than what happened when the mockingbird and sentinel resources went to HGLC? what did we get to show for that deal?
copperstone divies were stated to be worth .18 back in the day... that was before gold went through the roof... now they are worth .06 and bouse is worth .3788..
for every million FFGO you will get 161 series A and 392 shares Series B
Series A shares are valued at 16.00 usd ttl value =2576 usd
series B shares are valued at 2.20 usd ttl value =862.4 usd
They are restricted shares.... cant sell them... but they are valued at 3438.40usd, for every 1 million FFGO held, in someones mind...
what if they just convert our preferred to common next year and let the pps run down to .0001
Thats funny.... Like sloane has some control over what happens with North American's share structure... like they didnt play a big role in this whole scheme....
forward looking statements are never a guarantee
Based on the 8k, our shares of Bouse and Copperstone held on book are still in limbo for now... I only have about 800,000 shares of each on book based on the .01946 factor we used to calculate the divy back then from GWGO. FFGO has yet to respond to my inquiry to verify my shares held "on book" for all of these years.
So I assume the next step after the distribution will be an R/S followed by dilution before the first of the new year.
Most of their interests (Yaba etc) are mines that we used to own through GWGO but the company let them go back to searchlight.... so we paid searchlight for them... then gave them away for nothing... now NMGL owns them.. and will likely get the bouse/copperstone resources for a sack of majic beans as well...
I'll gladly pay you Tuesday for a hamburger today..
Oh crap.. today is Tuesday... how about I just pay up tomorrow...
You have no idea how many times I got out at the right time with GWGO as well a HGLC... always took plenty of profits and there is always a little sitting as a lotto play...
I dont blame anyone for my decisions other than myself.. been in this stock for many many years...
I miss the old days when Lumb used to be able to pump GWGO up to .001 every few months... dude needs viagra to get it to move like that again...
OUCH!!!!
That brings the thought of us all getting shares of HGLC as the divy... LMAO
exactly.. equates to shares in buying entity and possible cash to offset the debt...
Proceeds is whatever they get in trade for the interests... enough cash to pay off the debt + shares in the other company = proceeds as well
I wouldnt bet on it being cash... likely shares in the purchaser... And I wonder who runs that co..
didnt sentinel go to Hunt?
.003 per share of bouse?
The dividend will likely be shares in some pig like Hunt Gold...
V you are still ahead of the game since you are @ 300% today... having not done well in my book is when you can't get back the .0001 that you paid for it..
The good aspect of it is, when you know how they play the game, you know how to get ahead of the game... ;)
the drilling was to have been done back when GWGO held it.. or so they said back in the day...
The only blasting that needs to happen in my book is to blast a hole in that wall and get you out now... nice run so far today in FFGO.. I may get out of there again today... we'll see if it hits by buh bye pps...
Wait a minute here.. drilling at a gold mine? I can see drilling to get cores for valuating, but this was to have been done already and digging is what I see as the next step... this aint an oil well folks... someone needs to tell Dr C and Sayner how to get gold from the ground...
Been busy as hell overseas 3 times in 2 months...
Have had some time this week to go after Santini lumb etc to get the HGLC shares owed as well as compensation for the drop in share price between when they were issued shares and when I get them... it may be pennies to Lumb, but its thousands of dollars in my book...
At least I gt to flip FFGO a few times when it was bouncing and was able to recoup the losses from the GWGO RS...
its just a mail drop...
Maybe one big PR and then an hour later a big PR correction..
Anyone get their HGLC shares from FFGO yet? Talked to Scotrade yesterday and they said that since FFGO changed TA's that caused evrything o go back to square one all over again...
its been over 2 years.. cant hold my breath that long... why start now?
If you can think it.. it can come true.. just like all things in fantasy land.. maybe they will give us all unicorns as a divy ;). why would the great santini lie to investors?
some dont beieve the truth when they see it.... this is close to the same crap that haappened when we went from gwgo to ffgo ...
they were not current on their filings back then... far from.. things were so bad that the auditors told the goodbye and bailed...
Based on the 8k
Stockholders of Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) who were stockholders of Record on December 2, 2005 received stock in Copperstone Mining Holdings plc. Hurasu is purchasing their shares in Bouse at a price of US$0.25 for every 1 (one) share held.
This does not say they are getting shares of Hurasu it says $.25 which in my book represents a quarter of a US dollar. for those of us that are due many shares of Copperstone plc based on the PR'd rate from 05 of .01946 shares for each share of GWGO held on Dec 2 05.. some of us are due close to 1M shares of copperstone.. thats alot of cash due me in my book @ $.25 per share held... I wonder if they are going to issue nother correction to the PR... looking forward to seeing that check in the mail...
Just got off of the phone with Atty to see about getting compensated for the 05/06 divies that were not distributed. Talked to IR guy this AM and he stated that they did not have the shares needed to pay us so they have been buying them on the open market so they can to resolve the issue. There is a huge disparity between the 1$ + pps it was when they got paid and what it is trading at today... I assume I am not alone in this mess so I am calling him back after lunch to see if he wants to address it as a class action deal... Has to happen fast b4 that magician makes the $ disappear...