Replies to post #208 on Continental Resources Group, Inc.(fka CRGC)

[Steuvin]

A year ago CRGC sold all of Its assets to PGLC (called SAGE at that time.) The price PGLC paid to CRGC for those assets--which included some uranium property and quite a bit of cash--was 76 million shares of PGLC. That 76 million shares represented 80% of CRGC's outstanding shares.

The ONLY assets that CRGC now owns are 76 million shares of PGLC. Those PGLC shares are still in CRGC's treasury but are due to be distributed out any time now: CRGC shareholders will receive 8 shares of PGLC for every 10 shares of CRGC that they own. After the distribution, CRGC will be dissolved.

In effect, CRGC really just is PGLC and everything that happens to PGLC also happens to CRGC.

I hope that answers your question.