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downsideup

06/16/12 10:55 PM

#4851 RE: tickerjoe #4850

Well, I don't see that there's any potential left here, now. All the assets are gone, the IRS is taking the NOLS, and the people who were running the company have all quit trying and moved on to other projects. Given the Q, not even looking like this will survive with any shell potential.

Stick a fork in it...

My interest here was the Relief Canyon property...

It might be worth it to follow the new group who own it... but, that won't have anything to do with FGOCQ...

Yacknl

06/17/12 2:44 PM

#4852 RE: tickerjoe #4850

Sorry, but it really is game over here. There was a chance for a shell play and the CEO had some negotiations with the IRS and I even saw some paper work submitted. But to get off the hook, with the new mine owners who were giving him some serious repercussions for him not transferring over all the mining claims, he let the company go into Chpt 7 and resigned as CEO.

I think I will clean up this site not to look like this stock has any value.

If you believe in the RC mine, the new owners are PGLC. And their stock is hitting a new low. But do the DD, there are some good reasons for the new low.

-Y