Tom, I don't see how Pete could get paid. The unregistered shares ( even if NMGL registered the shares ) there is no market to trade them. No shares of NMGL have been trading and no trading platform has been established for the A & B's to sell on the open market.
Its possible the agreement between FFGO/WD and NMGL was canceled for default. The agreement between them clearly spelled out the right to do so.
Since FFGO was revoked and now abandoned. No one will ever hear from FFGO for any reason. No info will be coming from them
NMGL filed the Form 15 and under the form 15 they basically never have to tell anyone anything.
NMGL is required to file reports to become current before the form 15 can become effective. Right now they're just hanging in the middle of a non effective form 15 and revoking for failure to file. It's always possible for NMGL to have been granted some additional time by the SEC. That's something we will never know unless they say so.
It's also possible the WD mining stock just went back to Searchlight and Ron Y of Sloane investments ( the note holders for default ) again no one is legally responsible to disclose anything under the current circumstance ( FFGO revoked & NMGL in limbo )
The only way I see FFGO insiders getting paid is by selling the mining stock off to someone else after terminating the FFGO/WD deal.
Unless NMGL files, we will never know. NMGL has already stated they have no desire to speak with any FFGO share holder for any reason
If NMGL does not file or files to become dark and does not disclose the end results of the promised divvy - but never delivered. The only way anything will ever happen is for the SEC, FINRA and the state attorney General of WY to get involved or!! the share holders file a lawsuit
It's time for everyone to stop defending this bunch of disappearing penny stock hustlers operating out of So Africa and the United kingdom