GM FFGOrs! OldBen, no one can provide those dates. If anyone chooses to believe that we should hopefully hear something "soon," it's an opinion they're entitled to just as those that say the contrary.
True...we were not allowed to redeem the Preferreds prior to Jan. 1, 2011; therefore, it would make sense to conclude that we should "possess" them before then based upon that statement. I won’t argue with that. On the other hand, what purpose would they serve in our accounts prior to Jan. 1, 2011 anyhow? A promise kept? Perhaps, but I trust that the principals involved here want the greatest value from the Preferreds as much as I do, and I have to believe the “to do” list (below) will work to our benefit vs. simply having “markers” in our accounts. It wasn’t created to scam us and create more delays.
When we received the Sept 8th update and, after reviewing that list, we learned something that we did not expect and that is that the Preferreds will be tradable. I look forward to the value of that unexpected option or simply holding them until Bouse and S. Copperstone are sold for CASH. We will have a choice. Maybe I'll sell some and hold some. Who knows but, again, this is an additional option I did not expect. Why was this "tradable" option added I wonder...????
On sharing the rising price of gold on this Board, the strong trend hopefully secures us the maximum payout amount of $16/share for Preferred As and $2.20/share for Preferred Bs. It is also a greater incentive for NMGL to complete the transaction sooner than later because of that "excess" they do get. There is nothing wrong with emphasizing the strong gold price, referencing our Preferreds as it is relevant.
Lastly, FFGO is a pinksheet stock and it has always been a gamble. Also, FFGO is known for missing deadlines. I may not like it but I'm used to it (and I believe many Longs are) and for the ultimate reward, I will continue to wait patiently. At this point, I can't sell, and there is no sense complaining about it IMO even if, at times, I have wished I could use the cash to trade other stocks.
When I hit the “buy” button at FFGO and, as I continue to add, I know I am taking a risk. I’ve accepted it and continue to think POSITIVELY!
GO FFGO!
V
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.
