Claims Register – last day to claim against FG was yesterday. Here is the grand total listed:

Claims Register Summary

Case Name: FIRSTGOLD CORP.
Case Number: 10-50215-gwz
Chapter: 11
Date Filed: 01/27/2010
Total Number Of Claims: 136

The Secured is only listed as 9 mill instead of the reported ~20 mill. Probably due to Senetek not claiming. I have no idea why. But they are probably covered in the Plat/Lake case. Though Plat/Lake did claim. Though only 7.7 mill. I guess the tort, interest and damages are the other 4.3 mill (only received 7.7 mill in cash from a 12 mill owed, no wonder FG had cash problems). The 4.3 + 7 (Senetek) equals 20 mill, which was expected for the secured creditors.

The Unsecured creditors total 6.5 mill. Lower than the reported 8 mill. But most of the back pay was not claimed. Which was 580K on the January BK doc. Which Terry Lynch was owed 300k for back pay. And with the 395k TL is claiming in loans, he looks quite motivated to make this DR merge happen.

One other note. The government (Fed/State/Local/Labor) is owed 1.6 mill. I am sure the gov doesn’t take shares as payment, so TL/SD need to raise cash for that to make merge happen.

Good luck to everyone.

-Y