NEW YORK, NY -- (MARKET WIRE) -- 01/05/10
Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirmed its Statement on December 9, 2009 and updated on December 16, 2009 and on December 21, 2009 that it had received a confirmed Offer to acquire the Company's entire interest in both the "Bouse" and the "South Copperstone" Gold Properties. The Company's Management recommended acceptance of this Offer to both the significant minority interest holders in the "Bouse" and "South Copperstone" Gold Properties and to your Company's Loan Note Holders.
After almost 1.5 years after FFGO sold part of the mines to NMGL (9/10), we should have seen a filing about NMGL buying off the "significant minority interest holders." We still have more than 50% of the gold mines for sale. NMGL needs to buy the other 50% of the gold mines. Maybe, these interest holders are wanting cash, not NMGL A&B's or something. FFGO shareholders were not given NMGL A&B's because of the "whole pie" argument where they don't want to break up the mine into "pieces." NMGL wants to acquire the "whole pie" or 100% of the mines.
Either NMGL is quietly proceeding with an aquisition of the mines and not filing with the SEC --OR-- NMGL is waiting to get everyone together at one time and file one filing that covers all the significant minority interest holders and sell 100% of the mines to a "hopefully" cash buyer (instead of another "paper pusher") --OR-- nothing is being done since the 12/10 filing.
At the end of the day...I have one thing to say....
I have no idea if we are moving forward
AI
