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Aurum Resource and Asset Mgmt Inc. (ARMI)

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Last Post: 2/17/2016 11:37:47 AM - Followers: 9 - Board type: Free - Posts Today: 0
 
 
 
On a WIIM and a Prayer
 
 

 
Written by Janice Shell
 
June 2, 2014: The Stock Mister-Small Cap Universe promotion set for the last week of May was déjà vu all over again for its subject, Mining Minerals of Mexico Corp. (WIIM). Those touts had resumed responsibility for the sale of this particular brand of snake oil that has been hawked since April 1st.  While the brand name has changed, the snake oil has not. A little less than three years ago, it was pumped vigorously and expensively within a different public company, by many several promoters, most of what were to become known as the Awesome Penny Stock affiliate sites. After a rousing start, the promotion continued sporadically for more than a month, but not surprisingly, failed to result in good outcomes for the majority of traders who played it.
 

At that time, the purported business that is now occupying WIIM inhabited a different shell, then known as Crowne Ventures, Inc. (CRWV).  That shell became Grand Capital Ventures, Inc. (GRCV) in November 2012, the CRWV assets having by that time departed for WIIM.
 
The history of the company is complicated.  In 1994, Mexico World Investments was formed in California by Dane Peterson.  It seems to have been called World Investments of Mexico (WIM) as well, a company by that name was only incorporated by him in Nevada in early 2012.  A native Californian, Peterson learned about mining from his father John.  John was so passionate about the yellow metal that  after he retired from teaching high school, he moved with his wife to wilderness land in the foothills of the Sierras in California gold country.  For more than 20 years he and Dane spent holidays prospecting in Mexico, where John eventually obtained fifty year leases on some mining concessions in the state of Nayarit. When John died in 2010 at the age of 82, Dane inherited the concessions.
 
The Gallo de Oro property in Nayarit, Mexico
 
It seems that at first, Peterson was undecided about what to do with them.  In 2007, he put the biggest property, Gallo de Oro, and two others, Aztlan 8A and 8B, up for sale. The ad created by his Arizona real estate agent was still online in 2011, but has since been removed.
 
In a Crowne Ventures press release from 23 August 2011, Dane Peterson said, "The Gallo de Oro was my late father's dream for the perfect mining concession.  His field analysis led to the acquisition.  Both of us felt that this claim would develop into an outstanding gold producer, and recent events lead me to believe we have made a wise choice."  That statement is not borne out by the available facts.  The only professional exploration program conducted on the property was done by Stellar Metals Inc., a now-defunct Canadian company that traded in the U.S., in 1996.  It was an SEC registrant, but made is last filing in 2000, before Edgar was comprehensive.  As a result, its filings are not available online, but one researcher had access to the company's 20-F annual report for 1997, in which the terms and the results of the exploration program are described.
The Company entered into the WIM Agreement dated July 19, 1996 with WIM to acquire the Mexican Property. The Mexican Property consists of four mining claims comprising approximately 1500 hectares located in western Mexico known as the Dolorosa, La Laguna I and II, Monterrey and Aguilla de Oro and the four enhancements thereto known as Mi Hijo, Mi Hija, Dos Esposas and Tres Niños comprising approximately an additional 1300 hectares. The WIM Agreement calls for an immediate cash payment of US$30,000 and provides for a net profits interest of 10% to be shared between the underlying owners (2%) and WIM (8%). 
There was an option to renew, but it was never exercised.  Though a second drilling program was planned for 1997, Stellar decided not to proceed with it. As we shall see going forward, Stellar's findings did not come close to Peterson's later extravagant claims concerning the value of the properties.
 

 

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#189   Hahaha RiverNorth 02/17/16 11:37:47 AM
#188   http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118002615&txt2find 1~Eye~Jack!! 02/05/16 11:14:21 PM
#187   Michael Sullivan is Phil Kueber's associate. The nodummy 02/04/16 10:23:16 AM
#186   Are they working out on some new positive ways? NorkYork 02/04/16 12:59:04 AM
#185   STAY AWAY~~~MICHAEL SULLIVAN WILL ILLEGALLY SELL YOU CERTS RiverNorth 02/04/16 12:37:46 AM
#184   There is a person selling share certificates of RiverNorth 02/03/16 07:48:16 AM
#183   Waiting For Something Here $ARMI RiverNorth 10/06/15 03:11:54 PM
#182   Junk and moreover a scam. We all know ships772 07/17/15 05:26:20 PM
#181   And what would "some reactive wave" be? janice shell 02/21/15 11:05:40 PM
#180   I see another dump in this long-time scam. 1manband 02/17/15 03:22:29 PM
#179   ARMI will continue to back up to go Dyson 02/17/15 02:57:41 PM
#178   I see some reactive wave. Very good Dyson 02/17/15 01:59:25 PM
#177   This is not a mining company. They have 1manband 02/17/15 01:50:44 PM
#176   Seems like low risk deal with lots of Dyson 02/17/15 01:47:53 PM
#175   Pump and dump time for this worthless POS 1manband 02/17/15 01:11:29 PM
#174   Next Monday it is on this stock when Dyson 02/17/15 01:09:57 PM
#173   ARMI is a mining exploration and development Company. Dyson 02/17/15 07:39:17 AM
#172   Take a look at those crooks at WTCG. ships772 11/13/14 03:26:10 PM
#171   Agree, they are on to him, but his ships772 11/13/14 12:16:39 PM
#170   At least he didn't fool as many people janice shell 11/13/14 12:14:08 PM
#169   Janice , What a Joke Dane is and ships772 11/13/14 08:29:49 AM
#168   Watching 02opida 08/29/14 11:21:33 AM
#167   WIIMD changed to ARMI: Renee 08/13/14 04:39:51 PM
#166   Damn. That really IS bad luck. janice shell 07/16/14 06:31:16 PM
#165   Only bad thing is when they do those TheSaint 07/16/14 04:48:56 PM
#164   I have some WIIM and was putting in janitor_unbound 07/16/14 04:40:08 PM
#163   Yes sir 1 for a 100 reverse split Chimer57 07/16/14 03:53:36 PM
#162   Ouch, surprised its not tanking TheSaint 07/16/14 03:31:00 PM
#161   From my colleagues at Pumpanddumps: janice shell 07/16/14 03:30:37 PM
#160   I wonder what St Dane's got up his janice shell 07/16/14 03:07:40 PM
#159   Effective July 17, 2014: Mining Minerals of Mexico Renee 07/16/14 01:42:54 PM
#158   Same Crew running this one. W Technologies, Inc. ships772 06/06/14 09:09:10 AM
#157   Let's see what kind of lies Peterson can ships772 06/05/14 08:28:37 AM
#156   Sounds like just another penny scamming pig to ships772 06/04/14 11:04:16 PM
#155   Yes. He DID sign off on all janice shell 06/04/14 10:54:10 PM
#154   Sounds like just another penny scamming pig to ships772 06/04/14 10:40:03 PM
#153   Peterson wasn't the tour guide. That was janice shell 06/04/14 04:14:56 PM
#152   Peterson is not smart enough for a stock ships772 06/04/14 04:09:08 PM
#151   No, they usually use nominee companies. But janice shell 06/04/14 04:01:19 PM
#150   You know as well as I that they ships772 06/04/14 03:56:08 PM
#149   Same people as WTCG and CRWV ships772 06/04/14 03:55:06 PM
#148   Behind what? Back in 2011, it seems janice shell 06/04/14 03:53:24 PM
#147   If you knew who was behind it you ships772 06/04/14 03:51:25 PM
#146   Yes. Back in 2011 someone dug up janice shell 06/04/14 03:32:39 PM
#145   Has anyone been privy to those leases? How ships772 06/04/14 03:30:34 PM
#144   They do have the concessions, on 50-year leases. janice shell 06/04/14 01:03:30 PM
#143   The problem is that they hold no leases ships772 06/04/14 11:48:53 AM
#142   The problem is that they hold no leases ships772 06/04/14 11:48:52 AM
#141   Too bad there isn't a real mine on janice shell 06/03/14 04:50:28 PM
#140   Who wants to buy phoney Gold Mines anyways ships772 06/03/14 04:47:51 PM
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