GM headcounselor and All FFGOrs! Headcounselor, David Wolfin was an officer of the Company, ELKO VENTURES, INC., which is the name of the Company before it became NMGL. I don't think he has anything to do with NMGL. We heard his name recently because 72M of his shares were canceled.
Below are references to him in recent NMGL SEC filings.
1. On February 5, 2007, a total of 72,000,000 shares of common stock were issued in exchange for $12,000 US, or $.000167 per share. These securities were issued to Mr. David Wolfin, who was then an officer and director of the company.
Finally, on August 11, 2010, Mr. David Wolfin delivered to the Company a Stock Power for all 72,000,000 shares of the Company's common stock owned by Mr. Wolfin. The Company intends to use this stock power to cancel the 72,000,000 Wolfin shares. While the Company intends to implement the above-referenced share cancellations, at August 31, 2010 none of the above-referenced shares had yet been sent to the Company's transfer agent for cancellation.
On August 11, 2010, Mr. David Wolfin delivered to the Company a Stock Power for all 72,000,000 shares of the Company's common stock owned by Mr. Wolfin. The company intends to use this stock power to immediately cancel the 72,000,000 Wolfin shares.
Following completion of the cancellation of the Wolfin, Bauman, Flexwell,Lowenthal and Topcast shares as reported above, the Company will have 133,550,000 issued and outstanding shares of common stock.
CANCELLATION OF 171,650,000 RESTRICTED SHARES OF COMMON STOCK BY CERTAIN SHAREHOLDERS
On November 30, 2010, three of our shareholders cancelled a total of 171,650,000 (One Hundred Seventy One Million Six Hundred Fifty Thousand) restricted shares of our Common Stock, par value US$0.001 per share, as follows:
Frederick C Bauman - 49,900,000 (Forty nine million nine hundred thousand) restricted shares of Common Stock; and
Ronald Y. Lowenthal - 49,750,000 (Forty nine million seven hundred and fifty thousand) restricted shares of Common Stock; and
David Wolfin - 72,000,000 (Seventy two million) restricted shares of Common Stock.
Following completion of these cancellations of restricted shares of our Common Stock, we had a total of 234,864,284 (Two hundred and thirty four million eight hundred and sixty four thousand two hundred and eighty four) outstanding shares of Common Stock at November 30, 2010.
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