Tonogold Resources Inc (TNGL)

[joeblow110percent]

Mark Ashley - Target PPS $1 +

CEO Mark Ashley is so confident that the TNGL stock price will hit at least $1 that it looks like he has agreed to work for the right to purchase 1 million shares at that price. That means Ashley is not getting his full pay until the PPS goes above $1. For Travis Miller that number is $1.50. These guys want to make profits on their investment. They likely expect the PPS to be much higher than these numbers.

Look at the table on page 4 of the first link or page 13 of the second link provide below. (It’s the same table in both documents). You will notice that Mark Ashley and his wife Simona get a total of one million shares at strike prices of ten cents, fifty cents and eighty cents. Mark Ashley gets an additional one million shares at a strike price of $1.00. Jeff Janda and Brian Zamudio get 500,000 shares each at a strike price of $1.00. Travis Miller gets 1.5 million shares at a strike price of $1.50. What this means is that they likely provided work to Tonogold in exchange for the right to purchase TNGL shares at these specific prices; instead of getting money or a salary. The fact that Mark Ashley, Travis Miller, Jeff Janda and Brian Zamudio are personally betting on much higher TNGL stock prices is a very bullish sign.

Tonogold
16 July 2015, Quarterly Disclosure Statement
http://www.otcmarkets.com/financialReportViewer?symbol=TNGL&id=141504
See the table on page 4.

Tonogold
16 July 2015, Quarterly Financial Statement
http://www.otcmarkets.com/financialReportViewer?symbol=TNGL&id=141503
See the table on page 13 and the salary details on the bottom of page 13 and page 14.

How high would the stock price have to be to make it worth Millers time and money to pay $2,250,000 to purchase 1.5 million shares at $1.50? Ashley and his wife will have to pay a total of $1,463,000 for their shares. Jeff Janda and Brian Zamudio would each be paying $500,000 to buy their 500,000 shares at $1 each. In total we are talking about four million five hundred thousand shares and four million seven hundred thousand thirteen dollars.

Now add to this the relatively large number of shares that over the past few weeks have been purchased at 52 week low prices. I think a promoter is accumulating shares at these discounted prices. Could this be in preparation for a future run much higher?

Based on what I am reading in the financials; it’s nice to see CEO Mark Ashley being excited about reaching a PPS of at least $1.00, Travis Miller $1.50, so they can both collect their stock options. I have a long term bullish outlook for TNGL.


Your Due Diligence starts here:
http://investorshub.advfn.com/Tonogold-Resources-Inc-TNGL-4288/

This is my humble opinion and speculation. This is not a recommendation to buy or sell. Please do your own Due Diligence .

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