repost of exec7777:
Here’s the disturbing part IMO.
In exchange for these assets, in addition to certain exploration and development undertakings, the Company also issued 10,000,000 shares of restricted common stock to MHE. MHE is owned and controlled by Robert Howie and Mark Klok, both of whom are members of the board of directors of the Company. Mr. Klok is also the controlling shareholder of the Company.
Mark Klok is the CEO of ALTO. Robert Howie is the COO of ALTO.
Robert Howie and Mark Klok own and control MHE.
ALTO issued 10,000,000 shares of restricted common stock to MHE (Klok and Howie issued 10,000,000 shares of restricted common stock from themselves to themselves)
IMHO, just like the CMM/SBMI, CMM/HMIT, CMM/AIMS/HMIT, HMIT/ALTO/Castle Peak ventures; the same incestuous shenanigans are being repeated
