Firstgold Corporation

Production of 100,000 oz of GOLD per year, PERMITS IN PLACE. Production expected to start in Winter of 2007.

over 12 years ago

FG is now listed in Chapter7 in PACER.

There will be a meeting at the court house for the creditors on May 17. Essentially liquidation starts. What I can't figure out is there is nothing to liquidate. A few tiny assetes that GAC really own, and may be a few thousand left over from the Eric K days. The only real chance for the creditors to get anything was to reorg with the NOLs as a shell company. And though the effort to negotiate with the IRS was completed the first step (monthly statements) were not completed.

But this stock was always about odd decisions that the SH will never know why.

-Y