Fortress Financial Group fka FFGO

[RoadLessTraveled]

WY Dissolution Statute...No Effect On Dividend Process Whatsoever!

What is the point of simply showing what the statute says, highlighting irrelevant clauses and then offering no explanations as to how any of it affects a highly conditional 3400% Dividend "promise" FFGO made over 2 years ago (complete with multiple "weasel" clauses)?

It was a promise made:

1. before selling the only valuable assets it had to NMGL for valueless Preferred shares (instead of cash as everyone had been previously told), untradable shares which are currently sitting uselessly in the account of Western Diversified (WD), a completely separate entity from FFGO according to WY SOS.

2. before the elimination of all lines of communications with shareholders.

3. before being "unexpectedly" revoked by the SEC.

When I recently talked (yet again) to a rep from WY SOS, she assured me that an administratively dissolved corporation was not allowed to conduct any business other than what was involved in shutting down the company and liquidating it's assets & properties, as would be shown on it's books at the time of dissolution.

The fact is, FFGO has neither property nor assets nor are they owed anything from anybody.

Fortress has no cash. Its sole assets were its shares of Bouse Gold, Inc. and South Copperstone, Inc. common stock; now disposed of to NMGL. These shares were held by Western Diversified Mining resources, Inc. (“Western”), a wholly owned subsidiary company of Fortress.

Those who continue to assert that Fortress holds other assets despite numerous regulatory filings to the contrary are living in fantasy land and their comments stating that other assets exist should be ignored.

Sorry...couldn't resist including FFGO's own admission of certain shareholders living in fantasy land. I mean, when even the company announces it (or maybe it was Lumb himself ), it's gotta be real, right?

They even made clear that the fate of the Dividend Process was now at the mercy of NMGL, to be completed (or not) according to their business plan:

NMGL intends to purchase 100% ownership of Bouse Gold, Inc. and South Copperstone, Inc. This is imperative if they are to sell these Gold assets for cash going forward.

NMGL has not however provided us with any timeframe as to when they intend to acquire the additional shares of Bouse Gold, Inc. and South Copperstone, Inc. and NMGL will clearly continue to follow their own business plan and will only complete all of these transactions as and when it fits into their own business plan.

This NMGL policy very clearly extends as well to their purchasing shares from historic stockholders from 2005 who received shares of Bouse Gold, Inc. and of South Copperstone, Inc.

That would mean that FFGO had, in fact, relinquished control of the Dividend Process and that it was no longer even in their possession, correct?

...the company is ceasing to operate.

Wouldn't that announcement clarify that they weren't even going to bother hanging around to see what NMGL ended up deciding to do in its now current (and still non-binding) role of "Last Remaining Enabler Of The Dividend Process On The Planet"?

Not only that, but FFGO even granted permission to NMGL to terminate the agreement, which would, in turn, doom the Dividend Process completely, especially if FFGO was no longer around to create a different agreement:

The agreements provide for such termination by NMGL in the event of any litigation against Fortress or Western or any regulatory actions against Fortress.

Documentation's a real biotch, isn't it?

So exactly how does the WY Statute now apply when FFGO is no longer in charge of a Dividend Process to protect?

The company is not legally permitted to initiate any new business at all, such as distributing a dividend that had never even been declared by 2/9/2012...and still hasn't...

not that it would be relevant now anyway.

FFGO does have 2 years from that Date of Dissolution to clear up all the fees/taxes owed and to make any required filings.

If the company does not become current within that 2 year period, or doesn't legally challenge the ruling, then it is automatically & immediately permanently dissolved, at which time, it's Status on the WY SOS website will change from "Inactive - Administratively Dissolved (Tax)" to "Archived".

With all such facts disproving any Dividend Process relevance, what exactly does WY's Statute have to do with it, making it so important that the info is stickied?

Or are shareholders not entitled to such an explanation?

They certainly don't deserve to be deliberately misled like this.

One might think that shareholders have had enough of "Connect The Dots" BS games by now...

but maybe not.

Of course, with nothing else factual to offer, that really is the only game left in town.

Isn't it?


FACT: 3/12/2013 WY SOS is scheduled to permanently dissolve both Bouse Gold Inc. & South Copperstone Inc. and nullify all 2,500,000,000 shares from each company...private shares currently owned by NMGL, Searchlight Exploration, FFGO 2005 Dividend holders & other miscellaneous stockholders.

***Countdown To 3/12/2012 Divigeddon***: T Minus 87 Days

Tic Toc goes the REAL World Clock