Hate to belabor the point but the difference between the shares and claims is critical. Shares themselves are intangibles and are like the currency of a country which backs them in one form or another. Once the country ceases to exist, so does the currency. On March 12 next year, when BGI & SCI disappear, so will their share currency.
And what will happen to the actual mining claims?
Chances are by now that Searchlight Exploration has already re-possessed them. At least, that was the conclusion I reached after talking to Fred Bauman last April. I had asked him about updating the property information on his McIntyre & Bauman website from 2010 and that's when he said that Bouse, his premier property (or words to that affect) was for sale at the right price. To me, that simply meant that he once again had it in his possession to sell.
Since it was impossible to have publicly documented that conversation, I used that knowledge to dig deeper into the FFGO scheme where I leaned a wealth of info that helped lead me to draw my own conclusions.
It's why I know that NMGL will never even try to sell those BGI & SCI shares. Why? Because if they did, it would constitute fraud if they knew that the mining claim assets were, in fact, gone. The most likely reason for that would be the failure to have kept current with AZ Maintenance Requirements which were part of Searchlight Exploration's contract agreement. I had documented all that in previous posts.
Let me quickly point out that I don't consider this public proof of anything since it was based on a personal conversation...which is why I rarely mention it. But for me, it certainly provides a rational explanation as to why things are the way they are now.
The point of this was to show you the difference between the BGI & SCI shares, which will soon legally cease to exist, and the actual mining claims which are alive and well...but not necessarily currently owned by BGI & SCI now.
Unfortunately, if that new owner happens to be Searchlight (as the result of a repo), then they no longer have any legal commitments whatsoever to any of Bezanno's four WY corporations, much less NMGL, according to the terms of all previous publicly documented contracts.
And that is very bad news for FFGO Divy Watchers as time will inevitably show.
In the meantime, FFGO shareholders can simply count down the days to see for themselves what will happen on 3/12/2013...and then contact WY SOS for the status of those BGI & SCI shares.
As for your comment, "private disclosure of the assay reports is understandable", that is your right to believe. But how wise is it to be the President of 2 corporations with a purported net worth of a billion dollars and have only a virtual office with no publicly listed phone number, street or email address?
Should perspective buyers have to resort to an investigative agency to track down a company representative?
What should that buyer think when he or she learns that those billion dollar companies have been administratively dissolved for non-payment of taxes and/or fees?
Can you possibly see a huge credibility issue there?
In the REAL World, all those factors can be immediate deal breakers.
But in FFGO World, where secret plans, unlisted company phone numbers and surreptitious CEOs are good things, the rule of thumb is, it's all worth waiting for forever!
Again, good luck on your journey. It will be an eye-opener and an invaluable learning experience.
“It's easier to fool people than to convince them that they have been fooled.” - Mark Twain
