Franklin Mining, Inc. (FMNJ)

[looneystocks]

Came across this from the yahoo board...it raises some interesting questions, if you all want to read the full post it is at yahoo.

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Interesting reading on the last financials of ENMI...

It seems that the management of FMNJ started another company called Franklin Oil and Gas in March, 24, 2008.

It seems by the financials of ENMI, that this company was what ENMI paid the 130 million shares for and was distributed amongst the owners of this company.

My question comes how did they transfer the projects from Franklin Mining, Inc, to this new company they formed? Isn't that theft of assets from a public company having it transferred to this private company without compensation to the public company and shareholder approval?

This must be why they never did a stock distribution to FMNJ shareholders.
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