Thursday, February 23, 2017 7:54:29 PM
In short, MNGG has never produced ANY revenues in Ghana. I revealed this information to McCarthy at the SEC last fall, which helped lead to the closing of this cluster**** of an investigation.
Joel has threatened me many times, both by intimidation and by claiming he'd send lawyers after me. Well, I'm still here.
The only assets MNGG has is the CAT 330BL excavator and Korean trommel that were purchased from the Jungle Gold guys - those machines are currently sitting broken down on an illegal "galamsey" concession in the middle of the bush. MNGG does not have the funds to repair the machinery and begin production - aprox $25k USD.
Victor, the Ghana "manager" is a friend of mine and has been hurt financially by Joel. He took $1,500 as an initial sign-on salary and agreed to split profits on production - well, 2 years later, he's still waiting for that "juicy" paycheck.
Joel tried to get me to front $50k privately, which I almost did, until I discovered this board and killed the deal. I continued to give him the benefit of the doubt, but ultimately my visit to Ghana and meeting with Victor confirmed my worst fears.
For the sake of the shareholders, I REALLY hope the new "CEO" can turn this thing around. I seriously do. He's got a lot on his plate to make it happen.
Anyone who has any doubt still (Ahem, Natural Treasures), please let me know and I'll provide as much evidence as you'd like.
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