Scam or Not a Scam..Is that the question?
Who the heck really knows?...I don't, thats for sure, but my gut tells me it's gonna be big...anyway just thought I would remind some of the good folks on here of something I think we need to remember...We all should know and can see by looking back in time to July 1st. 2010. We were alerted to the presence of a new shareholder holding in excess of 21% of FFGO. Sloan Investments, AKA Randal Lowenthal..who purchased 17,645,966,686 shares of FFGO @ $.0035 PS which equates to a little over $62 million. Some say it was just a paper swap and that may be, but the end result is that Sloan (Lowenthal) is the benifiicial owner of those shares, (I don't pretend to understand the .0035 number since as we all now know that he knew all about his plans with NMGL, and I'd bet he knew what the Div is going to be even then). Anyway lets fast forward to the present...FFGO is dormant, they have no cash, no revenue source, blah blah blah..you know, all the stuff one of our concerned board posters likes to remind everyone about pretty much on a daily basis..but I don't think any of that matters. Even if FFGO is slid off into the greys they are still holding through Western the Remaining Bouse and S. Copperstone shares (for the historic dividend) as well as our Prefered A's and B's. Sloan is in a position to fund FFGO so they can complete the necessary SEC filings and issue the div. And when that happens Sloan will be in control of either Cash, if it's a cash div, or $62 million dollars worth of Fully tradeable NMGL A & B prefered shares, what fun that will be, and guess who gets to go along for the ride when it happens?? Lowenthal is waiting for something, what that is we can only guess..perhaps it's shorty as some speculate..but what ever it is, it is easy to see that this whole thing looks to be geared for the big boys to make a killing when the trigger finally gets pulled. And given the rising price of gold I'd say there should be pleanty of buyers out there positioning themselves to snag this thing if it's priced right. So I have to say that in my opinion this is no scam, at least as far as shareholders should be concerned. Anyone have anything to add to support or even to shoot holes in this??
GO FFGO!
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