FFGO - We are not getting a 3% liquidation preference. We are earning a 3% dividend preference.
The $0.003449 liquidation preference is what would be triggered by the sale of the mines. The 3% dividend preference is based upon the $0.003449 liquidation preference. At 3% annually, that equates to $0.0001347 per common share of FFGO. Which is more than double a $0.0001 per share initial investment.
Regardless what the cash is called, if we get paid the $0.0001347 per common share, NMGL may have it structured as a dividend on the preferreds, and I am calling it "annual interest" I am earning on my initial investment of 103.47%.
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