Shareholders bought the stock based on the things management stated. After they were shut down - management said they had to give back all the assets because they could not pay for them ( and of course it was to Searchlight Exploration and the other pals and associates who they ?borrowed? money from and gave stock to ) Typical story for this whole group
Same as FFGO! poof .. like magic .. went the assets - share holders burned - FFGO never heard from since because they were revoked in 2010
HGLC is gone forever and will never be heard from again