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Raptor Resources Holdings,Inc. (RRHI)

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Last Post: 10/23/2015 2:57:47 PM - Followers: 34 - Board type: Free - Posts Today: 0


 Do your own DD and come to your own conclusions.
No board poster is acting as a licensed investment advisor or broker.

 Warning Signs and Red Flags



          This company has a habit of editing previously released "Presentations", "Updates"
and "Investor Newsletters" whenever they need to cover up a lie.

Take what they issue on their website with a grain of salt.
Tomorrow, it may say something completely different.


Raptor Resources Holdings, Inc. $RRHI

RRHI is a holdings company meaning it has several independently operating subsidiaries underneath one parent entity Raptor Resource Holdings, Inc. (RRHI). Let's examine those operating subsidiaries: TAG Minerals Inc.,  Mabwe Minerals Inc. and Lantis Laser, Inc.

NEW WEBSITE: http://


TAG Minerals is a U.S. based (incorporated in Wyoming) mineral resource acquisition, exploration and development company, with operations conducted through its operating affiliate, TAG Minerals Zimbabwe (Private) Limited. TAG Minerals is augmented by independent financial, geological, and mining professionals who advise the company on its mining and exploration projects throughout Zimbabwe, Africa.

Watakai Riverbed Project<-Cancelled, NO gold
The Watakai Riverbed Project is located in the Mazowe Region which is one of the most sought after regions in the country for mining.  The company applied for a Special Grant with the Ministry of Mines during the 3rd Qtr 2011 after completing months of bulk sample testing with the company's HPC-10 exploratory units.  The grams/ton data yielded impressive results including purity levels greater than 95%. The area represents 173 hectares of riverbed along the Watakai and Murodzi Rivers.  The grant approval cycle is nearing completion with expectations the company can begin gold production with HPC-30 units as early as the 2nd Qtr. 2012.

Hippo Pools Riverbed Project  
<-Cancelled, NO gold 


A Special Grant was issued by the Ministry of Mines during the 4th Qtr 2011 along a 4 kilometer stretch of the Runde River near Ngundu, Zimbabwe. Included with the Special Grant is a permit to dredge the river. The company will continue bulk sampling along the river at set intervals during the 2nd Qtr 2012 with one of the company's HPC-10 exploratory units and is ready to begin production once sample testing is completed. For decades, hippos frolicked in the now silted water pools, hence the name Hippo Pools. By dredging the river and rehabilitating this area, the wildlife will once again have access to larger sections of this river and will lead to tourism growth in the region.


ODZI Riverbed Project   <-Cancelled, NO gold 

The company has been exploring the Odzi region along the Odzi River and has identified the entry point for our first HPC-30 production unit. The company will continue bulk sampling during the 2nd Qtr. 2012 with one of the company's HPC-10 exploratory units. Historically, one of the country's largest gold producers, Champion Mine is nearby and the largest riverbed project in Zimbabwe is upstream on the Mutare River which forms a confluence with the Odzi River.

Broken Promises.....Management of this company has a very poor record for meeting goals. Anyone can miss once, twice in a short time would be a concern, but time after time after time might be considered habitual lying.

> On March 17, 2011, management issued a PR stating, "TAG will effectively move into economically viable mineral production in the very near term, the first mineral extraction being gold."

NO gold production

> On April 26, 2011, management issued a PR stating, "TAG intends to commence mineral production within the next 3 months, the first mineral being gold."

NO gold production.

> On May 24, 2011, management issued a PR stating, "TAG intends to commence alluvial surface mining for its gold extraction activities, where the soil and ore bearing gold is very close to the surface, eliminating the need to dig deep into the earth."

NO gold production.

> On July 21, 2011, management issued a PR stating, "TAG Minerals Zimbabwe (Private) Limited, anticipates commencing its own organic alluvial surface gold mining operations in the near future"

NO gold production.

> On August 30, 2011, management issued a PR stating, "With the price of gold soaring to $1800 an ounce recently, we believe that the timing could not be better for TAG-Z to commence its own mining operations..."

NO gold production.

> On September 6, 2011, management issued a PR stating, "TAG Minerals Zimbabwe (Private) Limited (TAG-Z), is preparing to utilize a novel, low-cost method for extracting gold nuggets from near surface deposits..."

NO gold production.

> On November 17, 2011, management issued a PR stating, "Lantis Laser Inc. (OTCQB:LLSR), is pleased to announce today that its operating affiliate TAG Minerals Zimbabwe (Private) Limited (TAG-Z) is set to commence our own alluvial surface gold mining operations. TAG-Z's first purchase order for a state-of-the-art HPC-30 Gold Recovery System is being delivered to Harare, Zimbabwe the week of November 28th with full-scale commencement of mining for alluvial surface gold scheduled for the beginning of January, 2012."

NO gold production.

> On January 18, 2012, management issued a PR stating, "Other viable gold mining claims have recently been registered, pegged and staked for Lantis' operating affiliate TAG Minerals Zimbabwe (Private) Limited, which enables expansion of our organic alluvial surface gold mining operations as we enter into production this quarter."

NO gold production.

> And there's even a couple more that I haven't bothered to include because I don't have the dates handy but there's STILL NO GOLD PRODUCTION!

No one forced them or coaxed them into making the above statements. It is little wonder that the market is wary.


Lantis Laser, Inc., the 3rd and final subsidiary of RRHI, is developing under license, synergistic, high resolution, light-based imaging modalities which can detect decay and microstructural defects at an early stage, and unlike x-ray, do not emit potentially harmful ionizing radiation. Its products are in development and cannot be sold until FDA clearance for marketing is obtained.

The company intends to fund Beta units geared towards achieving FDA approval with it's dental diagnostic OCT/NIR technologies that both document and detect the early stages of tooth decay and soft tissue diseases.

As of December 17, 2012, Lantis Laser is no longer a part of RRHI.   Raptor Resources transferred the assets of Lantis Laser, Inc., its subsidiary engaged in the dental business, to a PRIVATE entity established by Stanley B. Baron and Dr. Craig Gimbel, the former officers and founders of Lantis Laser, Inc. and issued to Messrs. Baron and Gimbel a total of 3,000,000 shares of Mabwe Minerals Inc.

Just ANOTHER lie by the company.



US Trade Sanctions against the MMCZ may present a major stumbling block RRHI / MBMI.

The Minerals Marketing Corporation of Zimbabwe {MMCZ) is on the US Treasury Dept, Office of Foreign Assets Control (OFAC), list of
Specially Designated Nationals (SDNs), entities subject to U.S. targeted sanctions related to Zimbabwe. U.S. nationals may not do business with these designated entities or with other entities they control. According to information published by OFAC.....
Prohibited transactions include, but are not limited to, exports (direct and indirect), imports (direct and indirect), trade brokering, financing and facilitation, as well as most financial transactions. Attempts to evade or avoid these sanctions are also prohibited. These prohibitions also extend to any person, organization or entity found to be owned, controlled or acting on behalf of any Zimbabwe entity included on the SDN list.

Foreign branches and representative offices of U.S. companies, as well as U.S. branches and representative offices of foreign companies are considered U.S. persons for purposes of these prohibitions.

PENALTIES - Criminal fines for violating the Executive Order or regulations to be issued pursuant to the Executive Order may range up to the greater of $500,000 or twice the pecuniary gain per violation for an organization, or up to the greater of $250,000 or twice the pecuniary gain per violation for an individual. Individuals may also be imprisoned for up to 10 years for a criminal violation. Knowingly making false statements or falsifying or concealing material facts when dealing with OFAC in connection with matters under its jurisdiction is a criminal offense. In addition, civil penalties of up to $11,000 per violation may be imposed administratively.

How does that effect RRHI / MBMI?

Except for precious metals and gemstones, all minerals are subject to the MMCZ Act. According to Zimbabwe law, Part VI of the MMCZ Act.....



42 Prohibition of sale or export of minerals otherwise than through Corporation

(1) Subject to this Act, no person other than the Corporation shall—

.. (a) sell any mineral, either inside or outside Zimbabwe, except—
.. .. (i) to the Corporation; or
.. .. (ii) in terms of a contract negotiated by the Corporation on behalf of the seller; or
.. .. (iii) when authorized to do so by the Corporation in terms of section fortythree and in accordance with the terms and conditions of such authority; or

.. (b) export any mineral from Zimbabwe except—
.. .. (i) in terms of a contract referred to in subparagraph (ii) of paragraph (a); or
.. .. (ii) when authorized to do so by the Corporation in terms of section fortythree and in accordance with the terms and conditions of such authority.

(2) Any person who sells or exports any mineral in contravention of subsection (1) shall be guilty of an offence and liable to—

.. (a) a fine not exceeding level twelve or double the value of the mineral within Zimbabwe at the date of the export or sale or double the price at which the mineral was sold, whichever is the greatest; or
[amended by Act 22 of 2001, with effect from the 10th September, 2002.]

.. (b) imprisonment for a period not exceeding one year;
[amended by Act 22 of 2001, with effect from the 10th September, 2002.]

or to both such fine and such imprisonment.

(3) Paragraph (b) of subsection (1) shall be construed as being additional to, and not as derogating from, the provisions of any other enactment which controls or prohibits the export of any mineral.

As of the most current information available.....

> The MMCZ is still on the US Treasury's OFAC SDN list.

> U.S. nationals still may not do business with these designated entities or with other entities they control.

> Except for precious metals and gemstones, all minerals are still subject to Zimbabwe's MMCZ Act, which still prohibits the export of minerals other than through the MMCZ.

> We have still not seen any exception to these laws granted to the company.

> Under US law, if a "person", acting on behalf of the company breaks or attempts to evade the law, the company is legally responsible. Otherwise, if one wanted to break the sanctions, all they would have to do is hire a go-between and the sanctions would become moot.

> BHI, Steinbock and Yasheya have no legal concern as they are not required to deal with the MMCZ. They are NOT the exporters from Zimbabwe as the port of Beira is not in Zimbabwe. 



The CEO's qualifications and experience have been listed in several places including PRs, SEC filings and the new website.  At first glance they seem pretty impressive but after digging a little deeper, it appears that at least some of the CEO's listed qualifications are misleading - His "Qualifications and Experience" that he gave are quoted below. Below that is the REAL story.

"Mr. Pietrangelo has served as President, CEO and Chairman of the Board of Directors of TAG since 2010. From 2006 to 2010 Mr. Pietrangelo was CEO and Director of Rock of Angels Capital Corp., Rock of Angels Acquisition Corp. and Rock of Angels Holdings Inc. "

Rock of Angels was incorporated as a WY shelf company in 2006 and was dormant on the shelf until early 2011. Although the filing was "active", the company existed on paper only, it was completely inactive, there were no operations. He had himself slotted in as CEO and Director of the "paper" company. In late 2010, Rock of Angels changed its name to ...... TAG Minerals! TAG Minerals continued to be completely inactive until early 2011.

So he was CEO and Chairman of the Board, but of what?  A couple of sheets of paper!  What was he really doing from 2006 to 2010?  I'm sure being CEO of company that only existed on paper didn't take that much of his time.

Is presenting an exaggerated "Curriculum Vitae" illegal? No.

Is it an honest and acceptable practice?  Decide for yourself.

Tag Minerals filing - shows Old Name - Rock of Angels, Date of change - 10/19/2010, Initial Filing (as Rock of Angels) - 12/26/2006
Rock of Angels filing - shows original filing date - 12/26/2006
Letter from CEO to SEC - Last paragraph of page 8 which states…..

"TAG Minerals Inc. was incorporated on December 26, 2006 as Rock of Angels Acquisition Corp., a Wyoming Corporation. This entity was completely inactive (other than an initial share issuance to the founders) from incorporation until January 2011"


December 21, 2011 - PR
Lantis Laser Acquired an 80% Controlling Equity Stake in Raptor Networks, Inc [RPTN] from CCE in exchange for 5,000,000 shares of Lantis Laser, Inc [LLSR] and 13,510,752 (post-split basis) shares of RPTN.
Raptor Networks had no assets at the time and was in default on its notes to CCE.  CCE had foreclosed on the notes, taking all of the Company's assets earlier, including the patents and rights to all technology.  CCE had ordered management to seek a buyer for the shell.  After months of trying and shortly before the deadline date, this was the best they could do.
No clear reasoning was given for the acquisition other than, "LLSR expects to utilize the Raptor accumulated losses to off-set future taxable income from our gold and other mining and minerals endeavors".
This reasoning is highly questionable.  First, it seems to put the cart before the horse as LLSR has never shown any taxable income and already has a large Net Operating Loss of it own.  Second, LLSR does not intend to continue RPTN's historic business (network switches) and could not even if it wanted to, as CCE owns all of RPTN's intellectual property and all other assets that remained.  Because LLSR will not continue the historic business, the "Continuty of Business" Rule of Sec. 382 of the Internal Revenue Code disallows any deduction of the historic NOL.
Those facts cause one to suspect the credibility of the reasons given in the PR.

Raptor Networks Annual Report
Raptor Resources Holdings Annual Report
Tax Attributes of a Target

January 17, 2012

As the first order of business, the Company (RPTN) notified stockholders of actions to be taken by the new majority ownership (LLSR)

> Effecting a reverse stock split of the common stock, $.001 par value, of the Company by a ratio of one-for-ten.

> Increasing the number of authorized shares of Common Stock from 200,000,000 to 500,000,000 shares.

> Changing the name of the Company to Mabwe Minerals Inc.

> Chaging the domicile of the Company from Colorado to Wyoming.


One might suspect from the large increase in authorized shares that a large share sale is planned.

Perhaps this is the true reason for the acquisition?



February 14, 2010
LLSR announced the purchase  of the mineral assets of Dodge mine blocks blocks 1-6 located in Zimbabwe in exchange for $433,000 to be paid in installments through November 30, 2012.  The property consists of three hydrothermal mountains representing 123 hectares containing multiple deposits of superior grade barite, limestone and talc based on the drilling reports that management received from the previous owner of the Dodge mine blocks.
The drilling and reports mentioned above, were done in 1966 so it's not a "new discovery".  No one showed any interest previously.  Not Halliburton, none of the many South African mining companies, none of the Zimbabwean mining companies, including the company they bought it from.
Further, the "exploration" consists of only 5 partial drill holes done in 1966.  "Reserve" numbers were given in a PR but interestingly, were left out of the 8K filed with the SEC.  According to independent sources, "Before reserves of this size can be confirmed with any degree of confidence, hundreds of drill holes must be completed first."  The SEC has cracked down on mining companies that claimed "proven reserves" without adequate exploration in the past. 

According to an independent source.....

They clearly do not have "proven reserves" as they have not met the legal requirements for proven reserves.

Let me give you an example of an SEC Comment Letter sent to another non-compliant exploration-stage company that illegally claimed to have "proven reserves".

"We note your consulting geologist provided reserve estimates. Please note that mineral reserves for a mineral property may not be designated unless:

• Competent professional engineers conduct a detailed engineering and economic study, and the "bankable" or "final" feasibility study demonstrates that a mineral deposit can be mined profitably at a commercial rate.
• Historic three-year average commodity price is used in any reserve or cash flow analysis used to designate reserves.
• The company has demonstrated that the mineral property will receive its governmental permits, and the primary environmental document has been filed with the appropriate governmental authorities.

Please revise your disclosure accordingly. In addition, please revise your disclosure throughout this document to ensure you do not prematurely indicate mining operations on mining properties before a proper feasibility study and economic viability determination has been conducted."

A bankable feasibility study is not a minor thing. The size and complexity varies by the size and type of deposit, but typically it requires years of work by numerous experts conducting an enormous amount of work (not only exploration to define the resource and grade, but also metallurgical/processing studies to determine the most efficient and cost-effective mining and processing methods, mine design and related engineering studies, environmental studies, including hydrology and animal studies, reclamation studies and plans, just to name a few). And millions and millions of dollars to pay for all the studies that go into a bankable feasibility. Once all of that is taken into consideration, a final feasibility study is a pretty weighty document - hundreds of pages long.

Needless to say, drilling 5 holes and calling it a "proven reserve" is a bad joke.

The company as of 5/7/2012 has, however,announced a gravity mapping program on the Dodge Mine.



The use of "stock" photos on a company website depicting assets, equipment and operations that the company does not possess might be misleading.   If you can't tell what's real and what's not, how can you trust any of it? 

Note - Some of the pictures on the company website have NOTHING to do with the company. They could mislead some into thinking they are pictures of acutal RRHI mining operations and/or production.  Decide for yourself.

Company website:
Bucket wheel excavator - actually belonging to a German coal mining company and located in Nordheim, Germany - Used as wallpaper on RRHI website
Picture of ore piles and elevator - actually advertising image from a Shanghai, China equipment company - Used in slide show on RRHI website, Home page

Picture of smelted gold bars and gold dust used in RRHI website Image Gallery - To date, the company has not produced any gold.

Now they've put up some impressive pictures of an open pit mine in the home page slide show and, because they're so proud of it, in the Image Gallery also.

Is it the Dodge mine? ...... NO

Is it anything they're even remotely connected with? ..... Again, NO

The pictures are of the Bingaham Kennecott copper mine near Salt Lake City, Utah!

Apparently the company believes that if your equipment and assets are not very impressive and your operations are laughable, it's OK to use pictures of someone else's equipment, assets and operations.

If you know you can't believe some of it and you're not sure about the rest of it, how can you believe any of it?


According to FINRA, the SEC, and other independent sources, no industry is immune to investment scams, including Mining. There's a long and sordid history of mining investment scams. Investors are urged to never rely solely on information in press releases. Always confirm mining claims using third party, respected sources.

FINRA Investor Alert - "Gold" Stocks-Some Investments Mine Your Pocketbook -

"Mining Investment Scams" -

"iHub Mining Company Research Board" - 


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Current Price
Bid Ask Day's Range
#2621  Sticky Note US Trade Sanctions against the MMCZ present a pitboss22 03/04/13 11:10:51 AM
#3541   Why anyone would put any money into this pitboss22 10/23/15 02:57:47 PM
#3540   Is somebody trying to put lipstick on this hyrpowr 10/23/15 02:18:28 PM
#3539   Nice MOVEEEEE VMB-1 10/23/15 02:10:49 PM
#3538   RRHI has not reported ANYTHING in OVER A pitboss22 09/25/15 02:20:20 PM
#3537   Because it is a non-reporting Stinky Pinky shell pitboss22 08/06/15 12:10:49 PM
#3536   If they do hold MBMID why do you goodinvestment 08/06/15 03:24:40 AM
#3535   Ratpoor Resources has gone dark. No filings, pitboss22 08/05/15 01:00:48 PM
#3534   Does anyone know if RRHI still holds a goodinvestment 07/28/15 08:58:39 AM
#3533   I haven't seen anything to indicate that.....yet. pitboss22 06/22/15 04:37:57 PM
#3532   Are these guys in jail johnstockmaster 06/22/15 02:26:37 PM
#3531   Enter iHub's WAG contest!!!! pitboss22 05/17/15 04:05:19 AM
#3530   This company is delinquent in its filings, not pitboss22 05/07/15 10:15:58 AM
#3529   Stuck in this POS for years now I johnstockmaster 04/08/15 06:10:12 AM
#3528   i thought i saw fred flinstone and barney loserofstk 04/01/15 04:41:51 PM
#3527   This looks interesting‚Ķ goodinvestment 03/26/15 11:28:19 AM
#3526   Actually, it is based on the ASSUMED value pitboss22 03/17/15 11:25:19 AM
#3525   It would appear to me that the current goodinvestment 03/17/15 09:43:07 AM
#3524   Who knows alf has always been a liar johnstockmaster 02/17/15 12:18:05 PM
#3523   Does this pig really only have 23mm in hyrpowr 02/12/15 01:30:39 PM
#3522   Where is alf the madoff johnstockmaster 02/12/15 01:02:46 PM
#3521   0.0001 is coming with R/S johnstockmaster 02/11/15 12:48:32 PM
#3520   Does anyone know if RRHI will be a goodinvestment 02/09/15 07:53:14 AM
#3519   goodbye to the mineral king of wall st. (loser) loserofstk 02/06/15 11:24:27 AM
#3518   Yeah, it looks like Ratpoor Resources loses the pitboss22 01/26/15 01:37:58 PM
#3517   Sooo, the wannabe barite project fizzled, now this?! rbtree 01/26/15 02:07:18 AM
#3516   Looks like RRHI shareholders are losing their Assets! pitboss22 01/25/15 11:10:33 PM
#3515   Ranger I have few shares at 0.015 buy johnstockmaster 01/13/15 08:30:32 AM
#3514   LEAKING ???? RRHI ON THE MOVE $$$$$$$$$$$$$$$$$$$$ rangerxlt 01/09/15 07:52:58 PM
#3512   Where is madoff hiding can you hit that johnstockmaster 12/30/14 01:18:16 PM
#3511   I am at 0.015 buy me out please alf johnstockmaster 12/29/14 12:34:24 PM
#3510   LOOKING GOOD RRHI $$$$$$$$$$$$$$$$$$$$$$$ rangerxlt 12/26/14 02:31:22 PM
#3509   You are right PB these crooks are investors johnstockmaster 12/26/14 11:35:13 AM
#3508   To see the truth of this "real deal", pitboss22 12/24/14 11:25:42 PM
#3507   RRHI REAL DEAL $$ Scams pump out BS rangerxlt 12/24/14 03:51:35 PM
#3506   Investors beware if this scam johnstockmaster 12/24/14 12:04:09 PM
#3505   Come on alf madoff don't hide johnstockmaster 12/23/14 12:16:54 PM
#3504   Alf madoff still hiding johnstockmaster 12/22/14 01:50:46 PM
#3502   Means RRHI rumor mongers are strong that this johnstockmaster 12/11/14 01:08:49 PM
#3501   Mr. Johnstockmaster: What does " Rr " mean? goodinvestment 12/10/14 01:24:56 PM
#3500   Rr johnstockmaster 12/09/14 12:29:07 PM
#3499   No buyers for Alf's Ponzi johnstockmaster 12/07/14 09:34:36 AM
#3498   Looking better today. goodinvestment 12/05/14 11:07:29 AM
#3497   That looked like a forced liquidation - no nsomniyak 12/01/14 03:46:36 PM
#3496   At least now the bid and ask are goodinvestment 12/01/14 10:28:46 AM
#3495   Any ideas as to why its down today goodinvestment 12/01/14 09:56:57 AM
#3494   LOOKING GOOD RRHI $$$ UP ALMOST 15% $$$$$$$$$$$$$$$ rangerxlt 11/28/14 06:25:50 PM
#3493   RRHI now a stinky pinky? Does that gitreal 11/25/14 11:27:25 PM
#3492   I think Alf is telling investors something important. pitboss22 11/24/14 05:18:49 PM
#3491   Less interested in where someone might be "hiding" goodinvestment 11/24/14 03:26:16 PM
#3490   Where is this pig alf hiding I hear johnstockmaster 11/24/14 09:11:16 AM