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Tuesday, November 18, 2008 11:25:09 AM
Per 8k today of FFGO mentions HGLC.So they are related, and news of either one are important here to the shareholders.
If you do not like it,you do not need to read it.
The Company confirms that it holds an amount of 764,578,960 "free trading" shares of Hunt Gold Corporation (HGLC.PK) Common Stock as November 18, 2008. This stockholding in Hunt Gold Corporation Common Stock (HGLC.PK), held by the Company; remains unchanged.
The present trading price of Hunt Gold Corporation (HGLC.PK) Common Stock is US$0.0004 per share, valuing this holding in the amount of US$305,832. This substantial reduction in the value of your Company's stockholding in Hunt Gold Corporation (HGLC.PK) Common Stock was caused by an unwarranted and substantial fall in the price of Hunt Gold Corporation Common Stock over the past weeks.
The Company confirms that it will not dispose of any of these remaining shares of Hunt Gold Corporation (HGLC.PK) Common Stock in the market. This is based upon an agreement between the Company and Hunt Gold Corporation (HGLC.PK).
The Management of your Company are acutely that Hunt Gold Corporation (HGLC.PK) Common Stock is way undervalued at this time and have every confidence that the price of those shares of Hunt Gold Corporation (HGLC.PK) will recover to far more realistic levels and in a relatively short period of time. Your Company basis this decision upon the extremely solid and promising actions by Hunt Gold Corporation. (HGLC.PK). Your Company's Management remains convinced that this Company's investment in Hunt Gold Corporation (HGLC.PK) remains an extremely solid and very sound investment for the Company.
The Company has not sold, at any time, any shares of Hunt Gold Corporation Common Stock (HGLC.PK); in the market.
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