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Re: aveningangel post# 85815

Saturday, 11/28/2009 8:08:39 PM

Saturday, November 28, 2009 8:08:39 PM

Post# of 221874
Angel's Hunches...


1 "ONLY reason is to place facts on record with Regulators, I think it means that a Bid is coming." (re: this was added: "...all spells a Bid OR SOMETHING BIG, they seem very keen not to hype the stock, seems to be quite to the contrary").

Yes, or possibly something else big. FFGO's management could have already seized the collateral, i.e., the mining interests, because according to the 8-K, these assets were pledged as security on loans, and those loans' balances were past due. And the mining interest could be taken without costly expenses related to current events. So, FFGO's ownership and/or management, contrary to some of the public's opinion, has supported FFGO, despite FFGO's deteriorating condition.

2 "I figured this could become a play, a while ago, the value of this Company is WAY HIGHER than its silly sub penny stock price,..."

This is a telling statement, as it indicates that these current events were planned for "a while ago," and FFGO is now in the process of carrying them out. The detailed facts in the 8-K would have taken weeks to prepare, and much time to verify, supporting the idea that events have been planned for.

3 "if they have a deal, why would they bother to spend money to hype their stock? No point, that says a LOT."

Again, supports the concept that these actions have not been done on the spur of the moment, but have been planned. Money was spent to order to continue a Company that essentially is bankrupt. If the "value of this Company is WAY HIGHER than its silly sub penny stock price," and the only assets are the mining interests, then those mining interests are worth much, or ownership is going to replace FFGO in its present form, to demonstrate value.

IMO, A NEW ORGANIZATIONAL STRUCTURE WILL EVOLVE FROM FFGO. Afterall, FFGO's ownership is not enamored with FFGO, or its history, or its reputation, justified or otherwise; and ownership will not permit stockholders' entry into the new North American Gold fund (according to GertrudeGold, who has been spot on so far). It is hard for me to see anything but the burial of FFGO in its present form.

'Bummer.




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