Fabled Silver Gold Corp T.FCO

18% shareholder

[westernkid]

Facts...correct me if I'm wrong...
FMI to buy back debentures.
Principal Amount:: $8MM (on May 6, 2010)
Principle outstanding: $7MM (Jan 228, 2011)
FMI to buy back debentures for : $9.33MM plus 400,00 shares.

Total outstanding FMI shares: 36.1 MM.

Coal Corp. already owns 800,000 (act 795,638) shares.

With this deal they will add 400,00 more shares. Plus $9.33MM
in cash. With stock SP at $2.10 they can buy (probable through
agents) another 4.4+MM shares.
This would mean they can very shortly own 5.6MM shares.

Bingo...

Coal Corp could own 18% of FMI very shortly.
All for a measly $8M (Less whatever FMI has already paid
to them on the debentures).

Now we can better understand why the share price has a
tendency to move to toward lower ground (not necessily
it's level).

What does this one shareholder owing 18% of the company
mean to you and the rest of us shareholders. What does it
mean to FMI and to themselves?

Who, if anybody, does Coalcorp represent in gaining this position?

What kind of a feeling does these dealings leave you with?

westernkid