Replies to post #185442 on Fortress Financial Group fka FFGO

[SevenTenEleven]

The 3% represents preference. The preferred A&B shareholders are paid before (preferred) the common stockholders or the general company in the form of any surplus, etc... The context of the passage is a hierarchy as liquidation preference means. So, the preferred don't miss their money because of common stockholders or CEO's etc. Liquidation preference. If it was interest, there would be no mention of liquidation preference. -OldBen

Sorry. That is not how the SEC Form 8-K states it. Pretty straight forward.

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Good Luck!

[Texan77]

any monies that comes from bouse or south copperstone gold comes to us A and B holders first(up to face value) minus a 5% fee period; furthermore to include any divi declared by nmgl board and/or liquidation of the gold properties by nmgl. The 3% divi is a divi that would have to be declared by nmgl to the prefereds of a noncumulative nature; derived from bouse or south copperstone GOLD.