InvestorsHub Logo
icon url

OldBen

03/14/12 7:42 AM

#196301 RE: Texan77 #196300

I have looked at the Sloan filing many times. While the price is around dividend price, there is no cash discussed in the filing, there is no term discussed in the filing. With no cash and no term, I have cannot say with clarity whether that filing is a positive or a negative.

As far as why the "numerous escape hatches have never used," I believe that is a risk/reward scenario. There is no reward for using the "escape hatch" and there would be increased risk of prosecution or lawsuits. It is safer to keep everyone in the dark.

As far as the gold. The gold is an unknown. We haven't seen the remainder of the gold mines sold. Filings would detail the sale of 100% of the mines to NMGL. NMGL would then need to sell 100% of the mines to, hopefully, a cash buyer. NMGL has no filings detailing possession of 100% of the mines.
icon url

Fire Lane

03/14/12 8:36 AM

#196303 RE: Texan77 #196300

Sloan didn't buy anything
icon url

puppydotcom

03/14/12 9:52 AM

#196309 RE: Texan77 #196300

ask this question why would sloan buy ffgo shares and then issue nmgl pref A B as ceo of nmgl to ffgo then walk ,give me a logical explination for that without going into debts dont have to be payed. on top of all preexsisting note holders taking ffgo shares in place of cash. so i say if this was all elaborate hoax then why was it excalated and numeriouse escape hatches never blown/used instead double downed ,explain me this ? if at best i see very agressive pro shareholder moves if this was the failure it has yet to be proven. why worry about filings if gold is packaged ?


WOW! so hard to figure out

Sloane was NMGL, FFGO , Sloane, RENS were all working as a team .. same people involved in every aspect of the pump and dump, fantasy divvy hype

each and everyone of them KNEW FFGO was going to be revoked , each and everyone of them KNEW the deal would never go together
The agreement had so many holes and weasel clauses .. no way would it ever happen

Sloane ( Ron of NMGL ) puts on big dog & pony show for FFGO believers packed with hype, filings, PR's .. about buying 17 BILLION shares on a ( non disclosed detail of terms ) promissory note allowing RON to sell 50K per quarter

and thats the last anyone heard from Sloane, FFGO , NMGL

there is nothing to prove .. they walked away with everyones money
the agreement spells out the conditions

FFGO was revoked, NMGL and RENS stopped filing and will be revoked by the SEC

shareholders have been screwed .. the sooner everyone realizes the truth .. the better they will be next time they run into

If it sounds to goo too be true ..

maybe it won't be another

hook line and sinker play they get in