Email response from David Goldberg
For what it's worth to anyone, I sent a email asking what was goining on, and here is the response (cut and pasted)...It falls in line with what many of the (Positive posters) suspected from previous PR's....I'm short in FFGO, but will hold long
GLTA
Re: FFGO Mon, May 3, 2010 11:09:33 AMRe: FFGO
From: Dave Goldberg <globalinvestorrelations@gmail.com>Add to Contacts
To: xxxxxxx xxxxx <dichxxx@bellsouth.net>
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Mr.xxxxx
Many people are asking about the timing of the dividends and wondering why it has pushed out beyond the end of April. There is a simple answer to this. First the re-instatement of the mining companies in Wyoming took longer than anticipated. This is simply government bureaucracy at work and it moves to the beat of a different drummer.
Now that the mining companies are fully re-instated, the companies must complete an audit by certified third party auditors.
This is necessary since the acquiring company is a fully reporting issuer. Unfortunately, this process is also taking longer than anticipated since the timing has been pushed out by the re-instatement process and the auditors are in the Q and K crunch for first quarter reporting.
Once the audits are completed, there is the legal process. We feel that this transaction and the subsequent dividends are likely to complete this month, but we have no date certain as the exact timing is subject to the cycle incurred in dealing with the professional legal and audit team.
Regards,
Dave Goldberg
On Mon, May 3, 2010 at 11:06 AM, xxxxxxx xxxxx <dichxxx@bellsouth.net> wrote:
Mr. Goldberg,
Has FFGO offered any explaination as to why there is a delay for the sale of the gold assets beyond the Apr. 30th date stated in their PR's? A little bit of news would go along way in keeping the shareholders pacified. Whats going on with the deal???
Thanks
AI
