The Form 8-K filed today, reflects that the Company stated that as part of terms and conditions agreed with Sloane Investments, Inc., " that in the event of the Company breaching its contractual obligations to Sloane Investments, Inc., it could result in Sloane
Investments, Inc. taking action to exercise its legal and contractual remedies or to join in an involuntary petition for the Company's bankruptcy.".
This has resulted in wild and inaccurate statements being posted on Internet Stock Chat Forums intimating and in some cases, stating that Sloane Investments, Inc. wishes to place Fortress Financial Group, Inc. in bankruptcy and intends to "steal" the Company's Mining Interests.
These statements are completely unfounded, legally and factually incorrect; and this Company is very satisfied that it will meet its contractual obligations to Sloane Investments, Inc. and is of the opinion that Sloane Investments, Inc., would have no material benefit from any such legal actions given that their interests mirror those of the general body of stockholders, those very clearly being "Get the Deal Done Now and Distribute the Sale Proceeds as a Dividend".
Furthermore, Sloane Investments, Inc. did not acquire 23.59% of this Company's shares of outstanding Common Stock to bankrupt the Company, become a creditor in a bankruptcy and delay their and all stockholders receipt of a Dividend representing the sale proceeds of this Company's sale of its Gold interests.
We have received numerous requests from stockholders (and other parties) in respect of the identity of the purchaser of our Company's Gold assets. Naturally, we are not permitted to divulge those details ahead of an announcement as the purchaser is a publicly traded corporation. Once again, the wild, irresponsible and inaccurate speculation on Internet Stock Chat Forums is very unhelpful and decidedly misleading to our stockholders.
Statements on the various Internet Stock Chat Forums by the identifiable posters aka "the usual suspects" regarding the validity and ownership of the Company's Gold interests in Bouse Gold, Inc. and South Copperstone, Inc. in terms of their agreements with Searchlight Exploration, LLC are very well documented and these lies posted by the identifiable posters are easily disprovable. In that respect, we are more than happy to provide additional information to any of our stockholders who are seeking such proof.
In respect to the value of the Company's Gold interests and the sale price of these assets; no changes have been made to the "pricing guidelines" that have been provided to our stockholders in both Press Releases and in Regulatory Filings.
On the subject of Internet Stock Chat Forums, we are acutely aware of the false, misleading and libelous statements being continually and repeatedly posted by identified individuals aka "the usual suspects". We are very aware (as are many of our stockholders) that one of principal financiers of our Company is now seeking fairly serious and public legal redress against these identified posters for libel, amongst other claims; we are not joining his legal action, nor do we have any part in his actions. Our attention has been drawn to several other similar lawsuits that have been filed by publicly traded corporations against these identifiable posters, again, the "usual suspects". A very clear pattern has emerged, we are now of the opinion that their activities are in all likelihood; malicious, deliberate, sinister and very possibly designed and orchestrated to cause damage to our Company and its stockholders. We are however extremely unsure as to their agenda and really do not wish to speculate further on this subject unless we are presented with clear and irrefutable evidence of any civil or criminal wrongdoing on their part. However, having said that, with our Company now closing the sale of its remaining assets and distributing the proceeds therefrom to our stockholders, the Company itself shall treat these identifiable posters with disdain, and at this time, as mere "white noise" and of absolutely no consequence whatsoever. Whilst we know that our stockholders are very annoyed, some are incensed by the activities of these identifiable posters; we do urge them to simply ignore these posters and to take a similar stance being adopted by ourselves. Stockholders are asked to please bear in mind that many of the Company's detractors may simply be exercising their right to free speech and airing their thoughts on the Internet Stock Chat Forums as is their right to do so, provided that these statements posted are not libelous in any manner.
We trust that this lays these matters to rest, once and for all.
On a separate note, our Investor Relations firm has compiled a list of all other pertinent questions that stockholders required answering. These will be addressed by myself and Advisors tomorrow, the "Q & A" section of our website updated accordingly and an E Mail will dealing with these issues will be sent to our stockholders. We remain committed to complete transparency, we will deal with all these issues in depth in order for there to be no uncertainty whatsoever amongst our stockholders what with the execution of the sale of our Company's Gold interests now being days away.
Sincerely yours;
Peter J. Bezzano
CHAIRMAN
AI
