ALTO/EXLA did look like they might be legit back then; maybe their plan just failed. It made some sense. They may have seen the shale boom in the offing and realized some gold properties might become active because fuel would become cheap enough to extract the gold.

EXLA is subject to a custodianship hearing on November 8th according to its message board.

Someone is going to try to take over the shell.

I speculated that the management of EXLA and ALTO had gotten some proxy to try to get custodianship of the company.

Since the share price started going up in late August, almost exactly 200 million shares have been sold and that's about the number of authorized shares EXLA had not sold back when they still were trying to look like they were operating a company.

Some penny stock speculators might have been buying then selling but by and large, it was probably EXLA selling and the penny stock speculators buying and holding.

Former owners who bought when this stock cost real money are still holding. If you had fewer than about 1000 shares, you wouldn't make back your sales commission on a discount online broker. If you had 10,000 shares, you'd make less than $100 on a position that cost you thousands. Those people are probably hopefully holding.

They think this thing is going to explode after the hearing. If they did get some wino to get the custodianship hearing, then he doesn't even have to show up. Then they don't have to contrive another fake company which never seems to make money. If they could make a real company that made money, they'd have done so.

EXLA $0.01, ALTO owns half of it.

Someone seems to be buying up EXLA. It was up to a penny last week.

EXLA got ALTO's share in Excelsior mine in exchange for some of its stock. Alto holds a great deal of EXLA.

That only works if they've been concealing funds or assets, get caught, and then get dissolved. As things stood before they stopped reporting, they had almost no assets.

Dissolve ALTO, assets get disbursed. Suit necessary?

How can we get Nevada to dissolve Alto?

The company still shows up on sites like Bloomberg, with a recent date.

They might still be sitting on considerable funds gained from the sale of stock.

They might be drawing an annual salary from the funds so long as they remain incorporated.

Do shareholders have to file suit in Nevada to get them to dissolve a company and disburse the assets?

I am fairly certain that delisting is sufficient grounds to have a corporation dissolved, and Nevada shareholders aren't liable for company debts beyond the stock value going to zero.

Is he really?...nice. Guess all the work I did was worth it :)

You know that Bast$%D Klok is in the slammer, right?

Right on

A shame that Mark wasnt there too...mighta been some fireworks

Looks like some guys were on the hunt for old steve gorin. They were trying to shoot him.

http://www.washingtontimes.com/news/2014/jul/23/grand-jury-indicts-2-in-lodge-assault-case/?page=all
By - Associated Press - Wednesday, July 23, 2014

JUNEAU, Alaska (AP) - Two workers at a remote Alaska lodge have been indicted on assault and weapons charges after allegedly confronting two guests while brandishing loaded firearms.

A grand jury returned indictments Friday against Michael G. York, 26, and Devon G. Fernandez, 35, both of whom worked for Icy Bay Lodge, which is about 300 miles southeast of Anchorage and between the communities of Cordova and Yakutat, the Juneau Empire reported (http://is.gd/OBpSOU ) Wednesday.
The two Icy Bay Lodge employees are accused of being intoxicated and brandishing weapons on June 27 when they confronted two people staying at the lodge and connected to a Diablo, California, gold exploration and mining company.

York and Fernandez confronted Steve Gorin, who owns the Orovada Exploration and Mining Inc., and his assistant, Amy Oakley, according to court documents.

Court documents didn’t list why York, a guide at the lodge, and Fernandez, the lodge’s boat captain, were upset. But Yakutat Police Chief Robert Baty previously said officers determined that York and Fernandez had become extremely intoxicated and confronted the California duo about “mining and its effects on Alaska.” Baty had said the Californians had not been drinking.

York threatened Gorin in his cabin, which prompted Oakley to seek help, according to an affidavit. York and Fernandez then got into a fight with Gorin outside the cabin.

The fight was broken up by other lodge employees, but police said York returned to Gorin’s cabin with a rifle and threatened to kill him.

“They stated they were afraid of being shot by the defendant as he wildly thrust the weapon in their direction,” Yakutat Police Department Officer Jean Achee wrote in his complaint.

York also was charged with assaulting another lodge employee, who was present at the scene, by placing her in fear of danger because of the gun.

The affidavit also says Gorin and Oakley later saw Fernandez in an area across from the cabin, and he was holding a firearm in a threatening manner.

Authorities were called that night, and an Alaska State Trooper and Achee flew to the area the following morning.

Police said they found York’s Mini-14 rifle “broken and thrown” in the woods near the lodge. Police said in the complaint that it had a loaded magazine and a live cartridge in the chamber when they found it.

Two shotguns were recovered from Fernandez’s cabin, and both were loaded and chambered, prosecutors said.

York was released from custody and is staying with his parents near Denver, court records shows. Fernandez also has been released, with the condition he not possess alcohol or firearms.

Kevin Higgins, an attorney representing Fernandez, said his client looked forward to presenting his side of the story in court.

A message left Wednesday by The Associated Press seeking comment from York’s defense attorney wasn’t immediately returned. Gorin declined comment when reached by the Empire, saying a civil lawsuit might be filed.

yes...then after pumping it and dumping too then on his actual webpage he posts it was a compensated pump

it was a lying scam by the ceo...nothing more if they really did what they said they would it would be much higher but theres more money to be made selling/pumping/dumping shares than actual work

ALTO revoked:

http://www.sec.gov/litigation/admin/2014/34-73901.pdf

How nice! The first stock I ever invested in lost me. $15'000. I really know how to pick the winners

ALTO GROUP HOLDINGS, INC., INITIAL DECISION MAKING FINDINGS AND REVOKING REGISTRATIONS BY DEFAULT--October 21, 2014

http://www.sec.gov/alj/aljdec/2014/id696cff.pdf

The "acquisition deal" was with another pump and dump scam. Once the SEC shut down ALTO with the suspension, the same crew moved the dog and pony show over to EXLA. Since the "mine" is worthless, even according to a Federal Judge, its only usefulness was for a pump and dump which is now busted. You will not see anything from the deal - it was just to keep the old ALTO holders off their backs while they used the worthless asset to rope in a new crew to dump EXLA shares on.

With the SEC Suspension I highly doubt any acquisition ever took place.

ALTO SEC Suspension:

http://www.sec.gov/litigation/suspensions/2012/34-67868.pdf

ORDER:

http://www.sec.gov/litigation/suspensions/2012/34-67868-o.pdf

SEC Admin Proceeding:

http://www.sec.gov/litigation/admin/2014/34-72935.pdf

what is going on i'm still $15'000 in the hole and have yet to get anything from the aquisition deal

ALTO SEC Admin Proceeding:

http://www.sec.gov/litigation/admin/2014/34-72935.pdf

What if, hypothetically speaking, a few mining industry retirees started a company so they could sell a bunch of shares and buy a mine for themselves?

Stock scams are more traceable than gold dust.

It is not prosecution, as no one has yet been charged. But there is substantial evidence that the SEC investigation is active and continuing.

ALTO was suspended in September 2012. On average, if the SEC does bring civil charges, it takes 18-36 months after the suspension to do so. Sometimes it is faster, and sometimes slower, but most fall into that 18-36 month range. ALTO just recently passed the 18 month date, so we might hear something soon.

Re SEC - any actual knowledge that prosecution is ongoing or just speculation?

They moved on the Fuelstream

The case against ALTO and the insiders seems to be ongoing. The Commission and/or the DOJ move slowly in these matters, but the case seems to be moving forward.

It would also explain the serious SEC issues the old ALTO management are having in their recycled pump and dump in EXTO.

What happened w/the SEC subpoenas?

Its a rinse and repeat over on EXLA VIPR. Right down to the new id's trying to defend management and having "inside" information.

I can't believe I'm looking at my bank statement and this POS completely bottomed out and the previous CEO doesn't even care what he has done to the shareholders. Now we have some asset purchase that is going nowhere and we get screwed even more.

Yup

They are not, but it makes no difference to ALTO. The worthless mine was just for the pump and dump. They didn't spend a penny on it when it was in ALTO, even though they sold 7 billion new shares into the market, and they are not spending a penny on it in EXLA, either.

Has anyone found any indicator that EXLA are actually doing anything up there?

Is that Japanese company really involved in serious talks with them?

listen, I don't buy stocks unless they bottom out or are a Company with a good track record. My buys are 1000% gains, so I have no idea what your talking about

Sorry, but the money is gone. You got taken in a pump and dump. Learn from the experience so you don't get taken the same way again. It is really the best you can hope for at this point.

ok sounds good! but I would at some point like to recover the loses, just like everyone else that lost their shirt, remember the shirt and the donkey hiding his carrots?

So that's how it is. Because 2 wrongs don't make a right, but in this case it would! JMHO.

All of that is moot. The mine is worthless, and both ALTO and EXLA are pump and dumps. There are no real assets, and neither is a real company. There is nothing but BS.

And there is no value. Doug claimed ALTO defaulted on its obligations to pay for the worthless "mine" and therefore took it back, leaving Alto with nothing. He then flipped it into EXLA in order to run the pump and dump all over again.

That is how pump and dumps work.

That I can't comment on about the mine, It's not my expertise. But, let's look at how many times these agreements and joint ventures fall through the waste side. That is because contracts are made to be broken, whether a performance clause that has a date which is not met or production not commencing, or a value of consideration not exchanged. I have no comment about the value mine and the minerals, except what is presented to the public. Is Doug still EXLA's Ceo? or Paul?

You have no rights. I suggest you read the SEC filings.

But it makes ZERO difference. The Excelsior "Mine" is completely worthless. And that is not just my opinion - that is the findings of fact by a Federal Judge, the BLM, and a team of independent experts. It's only value is to be used as a pump and dump, which is exactly what happened here in Alto and is exactly what is going on in EXLA.

How's your Law sir? Do you know the essential elements of a contract that need to be present for a valid contract. There has to be Names, Time, date, there has to be consideration for both party's otherwise the contract is void, the contract has to be Legal that means the party's signing have to have the authorization to make the contract binding. Sir!

Sir! Do you understand CVR in regards to share holders other then directors officers and major holders of Common Stock,

Definition of 'Contingent Value Rights - CVR'
A type of right given to shareholders of an acquired company (or a company facing major restructuring) that ensures they receive additional benefit if a specified event occurs. A contingent value right is similar to an option because it often has an expiration date that relates to the time the contingent event must occur.
'Contingent Value Rights - CVR'
For example, shareholders of an acquired company may receive a CVR that enables them to receive additional shares of the target company in the event that target company's share price falls below a certain level by a specified date.

Another example of a CVR would be for a target company to set aside a large sum of money that would be transferred to the shareholders of the acquired company in the event that the price of the target company's shares do not meet a certain target or fall below a specified price.

It's over. You have no stake in EXLA. EXLA can become a trillion dollar company and ALTO is still worth nothing.

But dont worry about EXLA. It is another pump and dump like ALTO. No chance that company makes "investors" money. The company is doing exactly what it was designed to do just as ALTO was.

I would say it's pretty speculative, but either way I don't even think I can sell 1 Alto share for .0001, so lets say it's a miracle and for some crazy turn of events, they start mining and shipping the ore! Where in perspective does this put the ALTO share holders that have bought into a mine which Assets were given away. I would like to know this so I can sleep better at night, is there any similar situations like this one, where the target share holders actual made a good out of the deal. Please comment since I'm very new to this type of investing.

Good lord you have to be kidding. Did Lucy promise not to pull the ball this time Charlie Brown? Or is it you are basing it off a "promising" press release? How many times can one fall for the same con game?

I have a good feeling that these shares will be worth something, EXLA is going into production stages, recent pr's stating about all the prep work on roads and a installation of a bridge, trailer for miners and so on.

I have a good feeling that these shares will be worth something, EXLA is going into production stages, recent pr's stating about all the prep work on roads and a installation of a bridge, trailer for miners and so on.

My shares are actually worth $0.00 a $14,455.81 loss.
Right on, great investing in a great company run by a great CEO.

Buy|Sell ALTO GROUP HLDGS INCALTO 1,042,360 Pending Quantity: 0
Settled Quantity: 1,042,360
Quantity Change Today: 0
$0.00* $14,455.810 $0.00 -$14,455.81 -100.00% 0.0%

Another chuck Arnold deal
Where he gets paid and deal blows up
FLST
Pizza fusion
Etc

I would shoot them if I knew where they were.

If this is over, why do people still come here to read and post. If it's done le3ts all leave and let it go. No sense dwelling on this any longer.

Yeah, i wanred them the new pump (EXLA), its less than half the price now. Many of the same players are behind the scene there...

I started warning about ALTO/Mark Klok when it was .03+... Sadly, many did not pay attention to the fantastic research i laid out for them.

Yup. And the new company they moved the worthless "mine" into is also a pump and dump, just like they did with ALTO. Exact same playbook.

No, sadly you get nothing. It was a blatant scam... They move from ticker to ticker pulling this crap.