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Re: None

Friday, 08/13/2010 11:04:18 AM

Friday, August 13, 2010 11:04:18 AM

Post# of 221872
Let me take a stab at this and see what you guys think........

Almost all if not all of the shares in FFGO (the float 74billion plus shares) are in certificate form and held by either Sloane Investments or someone on the inside of this. That means that all the certificate holders are going to get the preferred shares from NMGL.

But what about little ol' me. I have let's say 250 million shares of FFGO which entitles me to x number of share of NMGL prederred A and Y number of shares of NMGL predered B. If I can't get those shares because they are already handed out to the certificate holders and preferred shres are either not tradeable or if they are the FFGO certificate holders who were given the preferred shares refuse to sell......how do I get my money which is equal to .0034899/ share of FFGO that I own? The answer is the whole point behind this deal.

I go to my broker and tell him I want my dividend. Since he can't get it in prefered shares from NMGL I tell him I want cash. He goes to the MM who naked shorted/sold him the stock and he demands payment on my behalf.


NOw I am sure there are a few things that I left out but I think that is the basic premise

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