the agreement between FFGO/WD and NMGL stated if FFGO were to have any regulatory problems the deal would default --puppydotcom
FFGO has enough problems that are facts. We don't have to create lies that take us to the level of FFGO. There is nothing that states that any regulatory problems "default" or "cancel" the dividend. There is the "reputational risk" clause that does not state what is a reputational risk is. Regulatory problems such as failure to file for FFGO is not, to me, in any way a "reputational risk" to NMGL or NMGL delivering the dividend.
Many are scared of this "clause" and don't want to do anything regarding FFGO or NMGL because of this clause. If you think it through, it is not an impediment. If it is an impediment, then it highly likely that NMGL would be doing something illegal to cancel the dividend. Remember NMGL has shown intent by creating NMGL A&B's and filing upon it.
FFGO and NMGL are both "locked in" and "liable." FFGO should have released the dividend immediately following the sale of the gold mine. FFGO received compensation for the mines without including FFGO shareholders. NMGL filed NMGL A&B's for FFGO's share of the mines. NMGL was supposed to have the irrevocable consent of all minority shareholders and file for ownership of 100% of the mines. NMGL has only filed for FFGO's less than half ownership of the mines.
Getting distracted with lies, speculation, etc. leads to entirely false endings and conclusions. There is plenty of liability and problems sticking entirely to the press releases, filings and website "releases." There is no need to speculate.
AI
