Please read the "Boo Hoo Clause" in the FAQs. Could you imagine a real dividend paying company like say GE or IBM saying that it is canceling it's dividend because "some one told me a bad word mommy"? I read that and laughed and laughed and laughed and if I ever had any doubts about whether we were dealing with a joke of a "company", this little gem settled that debate once and for all.
Would NMGL be entitled to cancel these transactions for any reason?
NMGL is entitled to cancel these transactions should they deem these transactions to be of reputational risk to themselves. The agreements provide for such termination by NMGL in the event of any litigation against Fortress or Western or any regulatory actions against Fortress. Damaging and libelous statements publicly leveled at NMGL, its Directors, Advisors and controlling stockholders could also trigger such termination. In the event of NMGL terminating these agreements, Fortress and Western have been advised by Searchlight Exploration, LLC that Searchlight Exploration, LLC would in likelihood exercise its rights and remedies to terminate its Agreements and reclaim all of the Bouse Gold, Inc. and South Copperstone, Inc. properties as it is legally entitled to do so.
I mean come on, what kind of asset do you really think you have rights to such that an event that is so beyond anyone's control to stop would trigger a default? In a word, you own zero!
Finally found something with more holes in it than this...
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