Information sourced from SFEG (SEC filing 28/11/2014 Liquidity and Capital Resources; Plan of Operation
As of September 30, 2014, we had cash of $410 as compared to $83,825 at June 30, 2014 and we had a working capital deficit of $25,118,704. We also had an accumulated deficit of $86,926,960.
The stock was issued pursuant to an exemption from registration under Regulation S of the Securities Act of 1933, as amended, and IGS is restricted from selling any of such stock into the US or to any US person.
So IGS investment in SFEG is gone = fact ! As SFEG current balance sheet is $410.00 and IGS cant per agreement sell the SFEG shares in USA or USA person.
No one is rescuing SFEG its a gonna !
IGS Price at posting:
0.1¢ Sentiment: None Disclosure: Held
