All of those FTD's must be very difficult to justify for the brokers and the market makers who let their naked short selling clients get away with securities crimes and violations.
In recent years, FINRA Short Sales data rarely shows significant FTD's, specifically on penny stocks, ever since the reporting system was revamped. I would ask you (again) for Definitive documentation of "all those FTD's" but I would simply be wearing out my keyboard since we both no that none can be proven.
FFGO shares are as good as they were when the dividend was announced.
Good grief, Seven! ONLY in FFGO Land are valueless, revoked & now private, untradable shares "as good" as freely trading public ones! For a moment there, when I read that, I was absolutely speechless...but fortunately I recovered. LOL
No one's colorful conclusions will change the Filings with the SEC, the Wyoming SOS that governs FFGO, or the fact that paying $0.003449 for something sold for $0.0001 will be costly!
The SEC Filings, when read in their entirety, clearly show that the 3400% Dividend was never guaranteed, a fact which is fanatically ignored here. When you throw other FFGO documents into the mix, it becomes all too obvious that the dividend was set up to fail and would never be distributed. Just too many weasel clauses and, of course, the real kicker: next to worthless shares of unassayed mining claims...the very basis of that record-setting divvy.
The WY SOS Dissolution statute does allow 2 years for an administratively dissolved corporation to either get current again or to actively wind down business operations including the distribution of assets...of which FFGO admitted to having none. By the same statute, FFGO also had no declared dividend ready to distribute because...and once again...THEY HAVE NO ASSETS. That pretty much makes the WY statutes irrelevant to FFGO, doesn't it?
"paying $0.003449 for something sold for $0.0001 will be costly" is, of course, mathematically true. It's also true that it too is completely irrelevant since there is not even the remotest chance of it ever applying to FFGO. All one has to do is look at REAL facts and not the True Believers' BS to understand that. Come March 12, those BGI & SCI shares in NMGL's possession, purportedly worth $258 million, will legally vanish and with them, the only documented possible funding source for their A&B Preferreds. A BIG Tic Toc on that one!
Market makers and brokers are catching a lot of heat recently for their NSS and FTD's!
In light of the billions of dollars traded in securities alone, I would ask you to clarify "a lot of heat"...but there's that old exercise in futility again. Without exaggerations & fantasies, True Believers would have nothing to say.
Ah, if only that were to one day happen. To quote Louie Armstrong, "And I think to myself .....what a wonderful world".
***Countdown To 3/12/2013 Divigeddon***: T Minus 63 Days
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