Hunt Gold Corporation (HGLC)

[puppydotcom]

What you posted is old worthless crap - the company has stated in a company PR HGLC has NO ASSETS

ZERO assets

This is 100 % pure crap hype and NOT TRUE

http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=47737162

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here are the facts from HGLC its self

WRITE OFF OF THE COMPANY’S INVESTMENT IN HUNT GOLD CORPORATION AS IRRECOVERABLE

The Company held an amount of 764,684,177 (Seven hundred and sixty four million six hundred and eighty four thousand one hundred and seventy seven) shares of Hunt Gold Corporation Common Stock as at March 9, 2009.

Your Company wrote off its Investment as irrecoverable, the reasons are set out below.

At an average trading price of US$0.0001 per share of Hunt Gold Corporation Common Stock; the Company’s direct loss was in the amount of US$76,468.42 (Seventy six thousand four hundred and sixty eight dollars and forty two cents).

The Company purchased, for cash, additional shares of Hunt Gold Corporation Common Stock, as follows:

- The Company acquired on September 17, 2008; an amount of 300,000,000 shares of Hunt Gold Corporation Common Stock (HGLC.PK) and at a price of US$0.0015 per share of Common Stock. These shares of Hunt Gold Corporation (HGLC.PK) Common Stock were purchased by the Company in off the market transactions and these purchases were settled in cash and in the amount of US$450,000.

- On September 18, 2008; the Company acquired an additional amount of 102,000,000 shares of Hunt Gold Corporation Common Stock (HGLC.PK) and at a price of US$0.003 per share of Common Stock. These shares of Hunt Gold Corporation (HGLC.PK) Common Stock were purchased by the Company in off the market transactions and these purchases were settled in cash and in the amount of US$306,000.

- The Company acquired a further amount of 60,000,000 shares of Hunt Gold Corporation Common Stock (HGLC.PK) on September 23, 2008 and at a price of US$0.005 per share of Common Stock. These shares of Hunt Gold Corporation (HGLC.PK) Common Stock were purchased by the Company in an off the market transaction and this purchase was settled in cash and in the amount of US$300,000.

- The Company acquired a further amount of 80,000,000 shares of Hunt Gold Corporation Common Stock (HGLC.PK) on September 22, 2008 and at a price of US$0.0046 per share of Common Stock. These shares of Hunt Gold Corporation (HGLC.PK) Common Stock were purchased by the Company in an off the market transaction and this purchase was settled in cash and in the amount of US$368,000.

These shares of Hunt Gold Corporation Common Stock and in the amount of 542,000,000 (Five hundred and forty two million) were utilized by the Company to repurchase shares of the Company’s Common Stock and at a cash cost to the Company in the amount of US$1,424,000.00 (One million four hundred and twenty four thousand dollars).

The Company elected to write off its investments in Hunt Gold Corporation due to its (a) Shares of Common Stock being relocated to the “Grey Market” (b) its loss of all of its Mining Assets due to its inability to meet contractual obligations to Searchlight Exploration, LLC and (c) because of lawsuits iniated against former Directors of Hunt Gold Corporation (then known as Prime Time Group, Inc.) and (d) due to Hunt Gold Corporation becoming hopelessly Insolvent as a result of these actions.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6910960