Sorry but that "letter" is bogus BS of the highest order no matter how you cut it. The law requires any entity which owns all or part of a claim to be immediately registered with the BLM. For Searchlight to state that they are not required to reveal the names of new owners to the BLM until that owner "has opened the mine" is a huge lie.
These criminals all need to go to prison. They have been defrauding US investors for way too long.
By the way, I noticed no one signed that letter. I wouldn't trust it to be legit at all.
Cowboy Dennis is right. FFGO is a lifechanger, but not in the way most newbies would like to think. It will rob of all of your money just as it has been ripping off newbies for over five years. It is a no bid 74.8 BILLION SHARE float scam.
On Friday, over 2.8 billion shares were traded and this scam ended up with no bid again. BILLIONS AND BILLIONS AND BILLIONS OF SHARES have been sold at .0001 and all of those people would love to get out with a double. When they see they can not, they will try to get their money back at .0001. THIS STOCK IS DOOMED EVEN AS A SCAM. There is just way too much overhead on it now. Lumb has seen to that.
Everyone who bought and held for the last five years is crap out of luck. Their money is gone and there is no way to get it back.
Emailed Searchlight- asked why Claims are not in the name of Bouse Gold, Inc. and S. Copperstone, Inc. This was the reply.
Tue, July 20, 2010 8:18:30 PM Re: Quick Question From: "searchlightwest@aol.com" <searchlightwest@aol.com> To: vxxxx
The Project Acquisition Agreements provide that the mining claims are transferred to the buyer's names (in this case Bouse Gold Inc. and South Copperstone Inc.) when the buyers have reached a decision to open the mines and obtained the funding to do so. This is standard industry practice and a majority of our agreements over the years have been written this way. While there are a number of benefits to the buyer, the principal reasons are protection of the buyer from both tort and tax liability.
We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution