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Tuesday, December 18, 2012 11:43:44 PM
OldBen, you are right about the relatively little amount of money needed for MNGL to get their Business License back and be reinstated with NV SOS. Here is what a revoked NV corporation must do for reinstatement and here is the exact amount needed for NMGL to do so:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=yLvnnCbBIGZH667OE4mJiQ%253d%253d
NMGL's $650 Annual List fee is appreciably higher than the $125 standard one because they show 1.45 billion authorized shares and they pay a premium for that.
None of the filings requires a lot of time or expensive expertise as in audited SEC financial reports. SOS reports are simply a matter of filling out some forms and then paying the required fees which is why there is never a good excuse for any responsible company for not ever staying current.
Add to that the fact that without a current Business License, revoked/Administratively Dissolved companies are not legally permitted to conduct any business (other than to wind down, liquidate assets & settle claims) and you can see why not being current with the state is a huge red flag.
Reinstatement in Wyoming is even cheaper as can be seen here. All four of Peter Bezzano's companies are incorporated in WY.
If NMGL had made any additional progress with their acquisition of the balance of the BGI & SCI shares, they would have had to have filed the required Form D with the SEC like this one for their BGI share purchase from WD and this one for the SCI share purchase. No such reports have been filed since December 2010.
As for that "promise" of NMGL & RENS getting current, it was made way back in June. To get current with NV SOS, it only takes a few hours tops to fill out the paperwork and a week to ten days for the state to process it...not months...so your suspicions are well warranted.
It is good that you are finally questioning the real value of those mining claims.
Why would anyone risk losing such valuable assets for the sake of a few hundred dollars and a few hours of filing time as both BGI & SCI have done?
Why would anyone jeopardize a potential sale of its valuable shares by getting Administratively Dissolved as has happened with both BGI & SCI?
If you were a perspective buyer of those high priced mining claim shares, wouldn't one of the first things you would do is a simple check of the company's legitimacy? (Both companies were Administratively Dissolved on 3/12/2011)
Or try calling the president of the companies for information? (No public listings of either Bouse Gold Inc or South Copperstone Inc)
Why would NMGL play such a dangerous game with the FFGO Dividend by putting themselves in a such position where they could not legally buy or sell anything because of its failure to maintain an active Business License? (NMGL was revoked by NV and lost its Business License back on 2/28/2011)
Why would FFGO give NMGL 100% responsibility of the Dividend Process, stating it was totally at the mercy of their business plan, and then completely disappear before seeing it through? Does that sound like the 3400% is the sure thing that True Believers say it still is?
Exactly how many red flags will it take for shareholders to see that their final hopes for any kind of dividend are quickly coming to an end?
Claims that information such as this are only attempts to get investors to write off their shares are beyond ludicrous and I know you understand that. As a matter of fact, the only advice being given here is to not listen to professional brokers & tax advisers who quote the standard IRS policy for such write-offs. Critics don't give a ratz azz what FFGO-ers do with their valueless revoked shares, either now or ever. It has always been about revealing the scam, not necessarily to the diehards but rather to those whose minds remain open to the facts.
The information here is 100% publicly documented and is (or should be) of vital importance to rational shareholders. No one has yet credibly refuted the critical impact that WY's March 12 actions with BGI & SCI will have on the dividend, a virtual death blow.
If it truly was Shorty trying to get out of some yet unexplained liability for paying an undeclared dividend, then wouldn't it be more prudent for him to remain silent and wait until all the critical deadlines have passed instead of alerting shareholders to the dangers that their BGI & SCI assets are facing?
But in FFGO World, such logic simply doesn't exist. Silly mantras & nonsensical warnings are the sole actions taken by the majority while serious meaningful research is being conducted by a scarce few...and maybe by you alone.
The best of luck in your ongoing efforts. I sincerely hope they result in the unveiling of the Real Truth for you.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=yLvnnCbBIGZH667OE4mJiQ%253d%253d
NMGL's $650 Annual List fee is appreciably higher than the $125 standard one because they show 1.45 billion authorized shares and they pay a premium for that.
None of the filings requires a lot of time or expensive expertise as in audited SEC financial reports. SOS reports are simply a matter of filling out some forms and then paying the required fees which is why there is never a good excuse for any responsible company for not ever staying current.
Add to that the fact that without a current Business License, revoked/Administratively Dissolved companies are not legally permitted to conduct any business (other than to wind down, liquidate assets & settle claims) and you can see why not being current with the state is a huge red flag.
Reinstatement in Wyoming is even cheaper as can be seen here. All four of Peter Bezzano's companies are incorporated in WY.
If NMGL had made any additional progress with their acquisition of the balance of the BGI & SCI shares, they would have had to have filed the required Form D with the SEC like this one for their BGI share purchase from WD and this one for the SCI share purchase. No such reports have been filed since December 2010.
As for that "promise" of NMGL & RENS getting current, it was made way back in June. To get current with NV SOS, it only takes a few hours tops to fill out the paperwork and a week to ten days for the state to process it...not months...so your suspicions are well warranted.
It is good that you are finally questioning the real value of those mining claims.
Why would anyone risk losing such valuable assets for the sake of a few hundred dollars and a few hours of filing time as both BGI & SCI have done?
Why would anyone jeopardize a potential sale of its valuable shares by getting Administratively Dissolved as has happened with both BGI & SCI?
If you were a perspective buyer of those high priced mining claim shares, wouldn't one of the first things you would do is a simple check of the company's legitimacy? (Both companies were Administratively Dissolved on 3/12/2011)
Or try calling the president of the companies for information? (No public listings of either Bouse Gold Inc or South Copperstone Inc)
Why would NMGL play such a dangerous game with the FFGO Dividend by putting themselves in a such position where they could not legally buy or sell anything because of its failure to maintain an active Business License? (NMGL was revoked by NV and lost its Business License back on 2/28/2011)
Why would FFGO give NMGL 100% responsibility of the Dividend Process, stating it was totally at the mercy of their business plan, and then completely disappear before seeing it through? Does that sound like the 3400% is the sure thing that True Believers say it still is?
Exactly how many red flags will it take for shareholders to see that their final hopes for any kind of dividend are quickly coming to an end?
Claims that information such as this are only attempts to get investors to write off their shares are beyond ludicrous and I know you understand that. As a matter of fact, the only advice being given here is to not listen to professional brokers & tax advisers who quote the standard IRS policy for such write-offs. Critics don't give a ratz azz what FFGO-ers do with their valueless revoked shares, either now or ever. It has always been about revealing the scam, not necessarily to the diehards but rather to those whose minds remain open to the facts.
The information here is 100% publicly documented and is (or should be) of vital importance to rational shareholders. No one has yet credibly refuted the critical impact that WY's March 12 actions with BGI & SCI will have on the dividend, a virtual death blow.
If it truly was Shorty trying to get out of some yet unexplained liability for paying an undeclared dividend, then wouldn't it be more prudent for him to remain silent and wait until all the critical deadlines have passed instead of alerting shareholders to the dangers that their BGI & SCI assets are facing?
But in FFGO World, such logic simply doesn't exist. Silly mantras & nonsensical warnings are the sole actions taken by the majority while serious meaningful research is being conducted by a scarce few...and maybe by you alone.
The best of luck in your ongoing efforts. I sincerely hope they result in the unveiling of the Real Truth for you.
“It's easier to fool people than to convince them that they have been fooled.” - Mark Twain
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