Sure; I have some thoughts. The written English is very poor. ESL for sure. First of all, why wouldn't Mina*Mar issue a PR if they have info to disclose? Why only put it on their web site? The answer is obvious. They want to cover their asses and say they disclosed what's in this memo, but they really don't want anyone to know what they're up to.
Also, why should the PPS not be where it is? After all, what are the company's assets worth and how many shares have been issued? It's just simple math. PPS is right where it should be. The only way they can quickly resolve the PPS matter is through a roll-back, also known as a reverse stock split. Read on!
What's a "security lawyer"? The DTCC issue plagues companies with "suspicious" stock trading patterns or worse. It's also not a common occurance, as Mina*Mar suggests. It doesn't happen to fully reporting companies because everyone knows who the insiders are and whether they're buying or selling.
Furthermore, since when does FOGC have a Chinese subsidiary and who is this preferred shareholder? It sounds like a "set-up"; smoke and mirrors; a "scam"; a cute manoeuvre. "Reverse split State fees OTC Markets fees" is gibberish. Who knows what they mean by that? I won't venture a guess. They filed to re-domicile from Nevada to Wyoming weeks ago; that is, Mina*Mar filed the document because FOGC has no employees to do such things.
I certainly understand what they mean by REVERSE SPLIT! Here we go! Trading will be halted and all the shares will be called-in and re-issued. The only question is, will it be 100:1, 1,000:1, 10,000:1, 1,000,000:1 ? ? ? A shareholder could have 1,000,000 shares today and 1,000 shares tomorrow. The PPS would increase accordingly, to $0.20, but there would only be 770,000 shares issued and outstanding. Then they'll issue a few hundred million shares to "Mr Preferred Shareholder" and the "P&D" will begin all over again. Hey, short sellers would finally have something to work with!
At the bottom of the page they wrote: "Accurate and updated info and full transparency is what today`s OTC Markets investors want". That's a joke coming from Mina*Mar. Just show the investing public a few things: independant, qualified valuations of your assets, audited financial statements, insider trading reports and SEC Form 5's for all insiders.
