Santa Fe Gold Corp. (fka SFEG)

[MoeHoward]

Wow, I just read a few posts on SFEG. These naïve shareholders think that SFEG will restructure, open as a new public company, and they will be given free shares equivalent to the old SFEG shares.

As of right now, SFEG is technically a private company. They have NO obligation to shareholders at all. They have far more debtors that will wipe out any potential assets. If they choose to restructure as a new company, there is no financial incentive and no requirement to give free shares to people that owned part of the defunct company. People still cannot believe they were scammed and think they will get a $ for $ exchange to a new public company. They can't understand that there is a difference between bankruptcy and being revoked.