InvestorsHub Logo
Followers 15
Posts 1279
Boards Moderated 0
Alias Born 12/02/2009

Re: None

Friday, 05/25/2012 2:08:39 PM

Friday, May 25, 2012 2:08:39 PM

Post# of 11564
I simply fail to understand the jubilation surrounding NMGL's filing of Form 15. No one said that Ron was dead but only that he was distancing NMGL from shareholders (in so many words)...and Form 15 continues to demonstrate that intention.

I was under the impression that shareholders were looking forward to the financials that would prove beyond a shadow of a doubt that NMGL was indeed in full control of Bouse & South Copperstone and that the dividend process was still alive and well. I am pretty sure that such info would have quelled an appreciable amount of commentary that the dividend process was stalled.

Instead, what we have is an obvious filing blunder since Form 15 only applies to companies which are current in their required filings at time of filing it...something that clearly everyone agrees does not apply to NMGL.

So continue popping those champagne corks and carry on with the party. There is still life in NMGL but if they do get their way (and I seriously doubt the SEC will grant it), this would be the last time that they would have to show shareholders anything!

Now be honest. Is that any way for a public company to act? How would shareholders ever benefit from such endless silence?

BTW, NMGL is still revoked by NV SOS and is still without a business license. Perhaps this might be a detail that the SEC could use to help them make their decision as to NMGL's future?

I mean, really...what's the point of allowing a public company to trade if they legally can't conduct business and are in bad standing with their own state?

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.