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Re: Texan77 post# 185468

Friday, 10/21/2011 7:51:02 PM

Friday, October 21, 2011 7:51:02 PM

Post# of 221984
FFGO - The fact of the matter is there is a very likely annual dividend which will be paid to FFGO shareholders who are entitled to the NMGL preferreds when the record date is announced.

The historical dividend is what may be one of the biggest problems for Shorty.

Shorty can't cover his position from pre-split shares. 2000 historical shares are now 1 share. If historical shareholders are to receive a $0.0001347 historical common share dividend preference, from NMGL, that would equate to $0.2694 per current common share. Add to that a $0.003449 cash distribution in the form of a liquidation preference, if the mines are sold for cash, and that cash dividend per share will be $6.989 per each post-split share that was once 2000 shares. Ouch!

What was the share structure at the time of the historical shareholders of interest?

Tic Toc

Please research all stocks before investing. My posts are my opinions and are not buy or sell recommendations. Always force abusive short sellers to cover above what you paid. Build wealth for fellow iHub'ers!

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