Try this Old Ben:
Any lawyer looking at this document provided by your company would run away from any lawsuit filed by investors because it plainly states you were screwed from day 1. How many exceptions can you find in this FAQ from the company that cancels this deal, and please explain why any one short needs to cover a revoked stock?
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.
Furthermore, Searchlight Exploration, LLC amended the critical terms of its agreements with Bouse Gold, Inc. and South Copperstone, Inc. to facilitate a sale of these properties by NMGL. These amendments by Searchlight Exploration were subject to both Bouse Gold, Inc. and South Copperstone, Inc. being owned by NMGL and that Fortress was no longer a direct stockholder in either corporation. If NMGL was to cancel this transaction for whatsoever reason with Western / Fortress, it would be in a position to do so up until the date that Fortress declared the dividend distribution of these NMGL Preferred Series “A” and Series “B” shares.
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MOVING FORWARD. The irony overwhelms me.
FFGO has no cash and sold their part of the mines to NMGL who has no cash to pay the dividend.
NMGL has had no communication with shareholders. They have not filed for the other "half" of the gold mines with 15 months and counting.
Even if we got the dividend from NMGL, I would bet that they would sell to ANOTHER company with no cash that would have their own A-H list.
We would start the whole game again.
It is ironic that NMGL is somehow "trusted" and "dependable" that they will come through with the dividend, but, if you had a "lawsuit" they would suddenly be "untrustworthy" and "undependable" and would not give us a dividend.
That is utter nonsense. It is either trustworthy and dependable or untrustworthy and undependable.
Crafting a sensible lawsuit would alleviate any concerns anyway. For instance, if we were going after NMGL A&B's that WD holds that only affects FFGO at the worst. They promised us a dividend anyways. Whether NMGL pays us or FFGO should make no difference. It is the same amount of NMGL A&B shares to be paid.
The big win would be if WD released the shares and we exposed the naked shorts as FFGO shares overwhelmed the matching NMGL A&B's that are available.
I am surprised how small minded and fearful many people are. Concerns should be aired out.
NMGL is likely going to lead us to another company that has no cash and has its own A-H list.
Let's expose the naked shorts and find some people with money (DTCC, SEC, NITE, Market Makers, etc.). Let's get some options and have help to find the money.
I cannot believe the number of people posting me cryptic one liners that are chicken to spell out what the fears or problems they believe exists. All I see is people who are trusting NMGL with everything, but, are scared as hell of NMGL at the same time. That is an insane relationship in my opinion.
I am moving forward to solicit help. I know there are many who want to see us get some legal help. To the rest, I hope this will help. I will let you know if I find some help.
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