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Re: varmit post# 155000

Thursday, 08/19/2010 3:54:07 PM

Thursday, August 19, 2010 3:54:07 PM

Post# of 221875
Varmit,
All I really know is what has been reported by the company. They have stated that once their gold interests have been sold and the divvy distributed then they will no longer hold any assets and the company will become dormant. They qualified that with statements which leave the door open for other corporate actions, but nothing has been indicated.

The problem I have with all that is this. We know based on prior filings, PR's Emails etc. that FFGO is the corporate parent of at least two wholly owned subsidiaries. Nothing has ever been stated about those companies being sold off or dissolved. We have Western Diversified Mining Resources, Inc. or is it Western Diversified Mining Resource Holdings plc (apparently two different companies owned by Lumb), Unitrust Capital S.A. Group, and then there is Moneyworx inc.

There have been a lot of deals outlined in 8-k's about acquisitions of other interests and it would seem that all those purchases have been shuffled off to these other subsidiary companies. Other wise, where are they now?

I read on another forum about the possibility that FFGO subsidiaries could amount to FFGO being worth some where in the neighborhood of .15 to .25 per share.

In truth, I don't know how much any of it might be worth if any at all.

Anyway, I find it interesting spending a little bit of time looking into the possibilities.

As always anything I have said is is just my speculation and or opinion...

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