That clause alone would indicate that Lumb must think the FFGO shareholders are dimwitted fools or he would have never put that in. I started laughing when I read it as it is perfect evidence as to what is going to happen here.
FFGO has now gone from promising huge returns to shareholders to promising absolutely nothing. There are now more holes in this scam than a hobo's clothes.
There is absolutely no reason to believe the dividend will ever be delivered, but if it is, there is no reason to believe it will have any value at all.
And while everyone waits as they watch this no bid scam, the company has told everyone that they expect this stock to get its registration revoked. At that point it will be impossible to sell.
All of the below could take years to accomplish if it is ever accomplished at all. Given the snail's pace at which Lumb's companies attempt to meet their obligations, my best bet is that all of this will happen when hell freezes over.
This Dividend will not be declared until NMGL has
(a) acquired the balance of the Bouse Gold, Inc. shares of common stock giving them 100% ownership of Bouse Gold, Inc. through the issue of additional NMGL Preferred Series “A” shares
(b) acquired the balance of the South Copperstone, Inc. shares of common stock giving them 100% ownership of South Copperstone, Inc. through the issue of additional NMGL Preferred Series “B” shares
(c) audited both Bouse Gold, Inc. and South Copperstone, Inc.
(d) NMGL will be required to file a “Super Form 8-K with SEC upon their obtaining control of both Bouse Gold, Inc. and South Copperstone, Inc. (
e) filed a Registration Statement with the SEC in respect of the NMGL Preferred Series “A” and Series “B” shares
(f) such Registration Statement has become effective (g) obtained a CUSIP Number and a Trading Symbol for both the NMGL Preferred Series “A” and the Series “B” shares and (h) admitted the NMGL Preferred Series “A” and Series “B” shares for trading on a recognized exchange.
NEWBIES: Ignore the above conditions at your own peril
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
