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Re: OldBen post# 168171

Sunday, 12/19/2010 8:12:19 AM

Sunday, December 19, 2010 8:12:19 AM

Post# of 221992
Ah, yes. There it is.. Thanks. On or after January 1, 2010. So, if it is on Jan 1, 20010 we should see them before that date.. If after then possibly not before, but after that date. Sure would be nice before. But if after, I would still think it would be by when NMGL has it's next 10q due, thus after January 1, 2010 is till okay by me and in the cards.

I like the idea before.smile

Rocket Man

On or after January 1, 2011, NMGL may at its sole and absolute discretion redeem all or part of either of the Preferred Series “A” shares or the Preferred Series “B” shares for cash.



Sure can. In the FAQ section is one such example on FFGO's own website.

No NMGL Preferred Series “A” and Series “B” shares may be redeemed prior to January 1st, 2011. What is the process by which shares may be redeemed after that date and can shareholders elect to redeem a percentage of shares?

On or after January 1, 2011, NMGL may at its sole and absolute discretion redeem all or part of either of the Preferred Series “A” shares or the Preferred Series “B” shares for cash.

To redeem the shares, they need to be possessed. FFGO would not say this unless it was understood to be true by NMGL. NMGL gave direction as to when the shares would be redeemable. They would need to be possessedbefore January 1st. We are closing in on that quickly. I have no physical possession of any such shares. So, as I have said, a test for NMGL and the "esteemed colleagues" at NMGL might give you a "data" point very soon.~ OldBen





Just a little short? I wouldn't want to be, at all~

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