InvestorsHub Logo
Followers 90
Posts 41310
Boards Moderated 0
Alias Born 01/21/2006

Re: pblue post# 141902

Thursday, 07/22/2010 12:34:21 PM

Thursday, July 22, 2010 12:34:21 PM

Post# of 221875
That is not a promise. That is a deadline set by Sloane not FFGO.

perhaps .. you can explain this?



From the FFGO 8k ..

2.

Sloane Investments, Inc. and the Company have agreed that:

2.1

The Company will repay this Loan in full, together with accrued interest, from the proceeds of the sale of the Company’s interests in Bouse Gold, Inc. and South Copperstone, Inc. It is specifically provided that the Company shall have settled the outstanding Loan together with accrued interest, in full and by no later than August 13, 2010.

2.2

The Company shall have executed upon its sale of its entire interest in Bouse Gold, Inc. and South Copperstone, Inc. by no later than August 6, 2010 with the entire sale proceeds settled to the Company by no later than August 12, 2010.

2.3

The Company will pay interest on the outstanding balance of the Loan which is calculated from June 1, 2010 until the date of full settlement and at the rate of 10% (Ten percent) per annum.


Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.