Replies to post #204179 on Fortress Financial Group fka FFGO

[RoadLessTraveled]

I agree, puppy. If you look at the actual wording used to describe NMGL's part in the dividend process, they never made a truly dedicated commitment to it:

NMGL intends to purchase 100% ownership of Bouse Gold, Inc. and South Copperstone, Inc. This is imperative if they are to sell these Gold assets for cash going forward. NMGL has not however provided us with any timeframe as to when they intend to acquire the additional shares of Bouse Gold, Inc. and South Copperstone, Inc. and NMGL will clearly continue to follow their own business plan and will only complete all of these transactions as and when it fits into their own business plan. This NMGL policy very clearly extends as well to their purchasing shares from historic stockholders from 2005 who received shares of Bouse Gold, Inc. and of South Copperstone, Inc.

I fail to see how such indefinite, evasive language warrants the level of confidence I see here that the dividend process is a sure thing. Wishful thinking is a much more realistic description.

But what NMGL lacked in commitment to the success of the deal, they more than made up with in a detailed list of non-negotiable conditions for it's completion, along with a very liberal list of reasons that would legally permit them to walk away unscathed.

NMGL clearly stated that they wanted nothing to do with retail shareholders and would only communicate whenever they felt like it, with no specific mention of progress reports of any kind...should there even be progress. If they were finally successful, they again clearly stated that such news would only be released in an 8-K with the SEC. Information leaks to verbose shareholders most certainly do not meet that criteria.

If NMGL has changed its attitude toward FFGO and/or made any progess in its required acquisition of Bouse & South Copperstone, it better be made crystal clear in its upcoming filings. Failure to address these issues will likely be a kiss of death to any remaining rational hope for that elusive dividend to ever be declared.

Time was never an ally of this deal. After more than 2 years of no apparent progress, the only additional time required may be whatever's needed to write its epitaph.