But to argue your side of the coin, this is quoted as the company's profile on Pinksheets.com:
The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly. The Company disposed of its "Lookout" Silver properties and retains the proceeds in the amount of US$65 million in quoted stock as an Investment.
With NMGL now in the position to start issuing dividends for spin-offs of Lumb related companies, current FFGO management, past HGLC management, may need to revive this puppy so the crew over at FFGO are not issued permanent penny stock bans and fined money. That would be detrimental to their livelihoods
Timing is everything. Case terminated. FFGO sale completed. Time to bring out the defibrillator
The above is all in my opinion and should not be considered a reason to buy, sell, short or hold a stock.
AI
