Contact the company like I did - Fire Lane
Company is not answering questions just as they stated they would do in their FAQ's until the record date.
Nothing has changed regarding the dividend!
There have been several questions directed at nuances of the valuations for the preferred shares such as the 3% dividend, the possibility of more value than the estimated valuation given based on Gold prices, etc. and the payment of fees to North American Gold & Minerals Fund. Our response to all of these questions is basically the same one, there will be no further guidance given other than that which has already been specified by the regulatory filings and shareholder updates issued to date. These questions are nuanced details that are far and away overshadowed by the eventuality of the actual completion of the asset disposal and subsequent cash payments. We do not wish to trivialize these matters, but our company will not debate detailed logistical points about minor expenses in the costing of effecting this outcome and we certainly will not offer undue instruction as to the form and format of the entire process which has yet to be determined other than what has already been outlined and which will conclude through an agency outside of our direct control.
Fortress was unique in its information flow to stockholders. Since NMGL does not have retail investors or small stockholders, it operates its business in a very different manner. NMGL has made it very clear that it will not respond to questions of whatsoever nature and that it will only provide information in its filings with the SEC.
No, the Investor Relations support currently being provided will cease in and during September of 2010. This extends to incoming E Mail and telephonic messages. At such time as the Dividend dates are set, stockholders will be advised by E Mail and through a Form 8-K Filing by Fortress.
Western (and Fortress) now only hold the NMGL Preferred Series “A” and Series “B” shares. These will be distributed in full as a dividend to stockholders on the Record Date in due course. Certain of these NMGL Preferred Series “A” and Series “B” shares owned by Western/Fortress will be transferred at face value to Sloane Investments, Inc. to settle all debt owed by Fortress/Western to Sloane Investments, Inc.
Fortress’s Management, Advisors and Investor Relations have absolutely no interest in the various comments posted on these Internet Stock Chat Forums and do not even feel the need to view any of the same. Those who allow themselves to become agitated by postings on these Forums on a daily basis will no longer be in a position to seek constant reassurances from Fortress or its Investor Relations.
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