Grahamber, FFGO is paying the dividend...not Searchlight. Also, FFGO has repeatedly communicated that it is disposing of the entire "proceeds" of the sale of its gold mining interests to its stockholders, resulting in the net amount of .003427/share. This is also confirmed in their PRs and the 8Ks filed with the SEC.
V
Posted by: Grahamber Date: Monday, August 02, 2010 3:29:00 PM
In reply to: Vianna who wrote msg# 146768 Post # of 146856
Just a thought, since I have not read but about 5 posts today on FFGO.
If Searchlight Exploration, LLC is private and they agreed to pay .0034... per common stock then what is to keep them from buyng every share possible at the .0001 and save them from paying the promised dividend later?
They would save themselves a fortune. For every billion shares they buy at .0001 they pay 100k instead of paying those that hold the shares .0034. Searchlight Exploration, LLC will save $3.3 million in every billion they buy back now.... What are your thoughts?
Market Data 
Markets 
AI
