Replies to post #22078 on First Colombia Gold Corp (FCGD)

[mick]

YES, $FCGD ABOUT TIME;

[mick]

INDICATION HERE; $FCGD --- First Colombia Gold Corp./ SUPPLEMENTAL INFORMATIONMARCH 02, 2023
https://www.otcmarkets.com/otcapi/company/financial-report/360798/content

First Colombia Gold Corp. (the “Company”) was previously a shell company. TheCompany’s status as a shell company has changed. Effective November 25, 2022, theCompany ceased to be a shell company under the SEC’s definition.
A shell company is defined as follows: Rule 12b-2 of the Securities Exchange Act of
1934 defines a shell company as a company that has:
(A) no or nominal operations; and,
(B) either, (1) no or nominal assets; (2) assets consisting solely of cash and cashequivalents; or, (3) assets consisting of any amount of cash and cash equivalents andnominal other assets.
The Company believes that it is no longer a shell company because on November 25,
2022, the Company completed preparation of its business plan of action and startedimplementation. On November 25, 2022, the Company changed its business purposefrom gold-mining and prospecting to become a holding company for identified hospital
operations.
Furthermore, the SEC, in Release No. 33-8869 (the “Release”), defines a “shell company” tomean a registrant, other than an asset-backed issuer, that has:
(A) No or nominal operations; and
(B) Either:
(1) No or nominal assets;
(2) Assets consisting solely of cash and cash equivalents; or
(3) Assets consisting of any amount of cash and cash equivalents and nominal
other assets; or
This does not include a development stage company pursuing an actual business, abusiness combination related shell company, as defined in Rule 405, or an asset-backedissuer, as defined in Item 1101(b) of Regulation S-K [AB].
The Company would currently be classified a development stage company or somethingclose (quasi). A development stage company was defined as an entity devotingsubstantially all of its efforts in establishing a new business for which either (a)operations have not commenced or (b) the operations have commenced, but there is nosignificant revenue yet being generated. Historically, the Company used to operate abusiness model focused on the acquisition and development of mineral property interestsin United States and internationally. However, the Company abandoned its business in2017, failed to meet the required registration requirements with the Nevada Secretary of