O/S: 4,891,756,208 (yikes)
Alto Group Holdings Inc.
from company website-The Great Excelsior Mine was a former gold-silver producer which was forced to close in 1918 due to falling metal prices and a shortage of supplies. Alto Cascade Resources, which is 51% owned by Alto Mines
, recently located 30 lode mining claims covering the drilled resource.
Who owns the other 49%? Who manages the property? Item 1.01 Entry into a Material Definitive Agreement
On April 21, 2011, Alto Group Holdings, Inc. (the "Company") formed a new subsidiary company, Alto Cascade Resources, LLC, a Utah limited liability company ("ACR"). The Company owns 51% of the membership units of ACR and Douglas G. McFarland owns 49% of the membership units of ACR, see attached Articles of Organization and Operating Agreement. ACR will be managed initially by 2 managers, Mark Klok and Douglas G. McFarland. ACR was formed for the purpose of developing and exploring the Mt. Baker Mining District, Whatcom County, Washington. ACR has filed 30 Lode Mining Claims with the Bureau of Land Management, Oregon State Office and intends to explore and develop these claims, see attached Lode Mining Claims.
A poster (49erminer1/ also 49erminer) claiming to be Mcfarland stated he was not an employee of ALTO. This was prior to him becoming the new CEO. Is he really Mcfarland? Does he think working for ALTO Cascade Resources means he doesn't work for ALTO directly? http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71423186
SUBPOENA - Those of you who were wishing that the SEC would do something about ALTO are getting your wish. I just received a subpoena from the SEC to appear in New York for a hearing, but since I have never owned ALTO stock, have never been an officer, director or employee,and am owed a fair amount of money by ALTO, I'm not anxious to fly from the west coast to New York at my own expense and pay for lodging, cab fare, etc....oh well.
The company also states in an overview of property-
Located in Washington State, the Great Excelsior Mines present drill indicated and potential gold-silver resource is +993,000 equivalent ounces of gold. At todays average gold price of $1,500 per ounce equals $1,489,500,000
How much was paid for the lease to this alleged 1.5 BILLION dollar "asset" ? ten thousand dollars.
Name Initial Capital Contribution
Alto Group Holdings, Inc. $5,100
Douglas G. McFarland $4,900
Mark Daniel Klok, President & Chief Executive Officer - No longer president and CEO- If anyone can name a company he has run that has done well for investors during or even after he left please provide. Some of the people with this company were with him at those other companies. SEC has also been involved with companies he has run (see NYMH) and a poster claiming to be Doug Mcfarland is stating they are looking at this one as well.
Mr. Klok has over a decade of experience in geology, geophysics, base metals and precious metals exploration and mining. He has had a successful career in the exploration and development of gold and other minerals in areas such as Africa, Mexico, Columbia, Peru, North and South America. Mr. Klok has served in a consulting capacity and as an officer and director of numerous public and private companies. Mr. Klok will be actively involved in the development of the Company's Africa mineral holdings. Based in New York, Mr. Klok will liaison with the joint venture partners, regarding ongoing corporate development.* moderator's challenge- Finding a company Klok has been involved in that was successful for shareholders. If find please share with the board.
Douglas McFarland, Chief Executive Officer, and Director
Mr. McFarland, is Chief Executive Officer and a Director of the Company, being appointed in such capacities in February 2012. Mr. McFarland is also a Registered Geologist and Engineering Geologist in the states of Oregon and Washington and is the former President and CEO of Far West Exploration, Inc. He has worked in the fields of geophysical, mineral, and groundwater exploration and engineering geology since 1968. He has managed a wide variety of projects in the US and abroad. Doug has experience with resistivity, I.P. (induced polarization), complex resistivity, GPR (ground penetrating radar), magnetic, and electromagnetic, time domain electromagnetic (TEM and NanoTEM), and broad band controlled source audio-frequency magnetotellurics (CSAMT) and borehole logging methods. He has worked with ASARCO, Cominco Ltd., Bear Creek Mining, Company, the U. S. Bureau of Reclamation, and the Bureau of Land Management. Mr McFarland has a B.S. degree in geology from Eastern Washington University.
Robert Barry Howie, Chief Operating Officer Departure of Directors http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8496735
Mr. Howie brings a lifetime of technical experience, having started his career in mining more 40 years ago. From 1964 to 2006, Robert has worked at various mining companies such as Wilder and Associates, Scepter Resources Ltd. and Mexican Hunter S.A. de C.V and in various countries such as Australia, Mexico, USA, Costa Rica and West Africa. Mr. Howie's technical expertise includes mine planning, design and layout (underground, open pit and dredging), hard-rock mining plant fabrication and installation, placer mining plant fabrication and operation, and geophysical survey design and execution. Robert's management experience includes ground acquisition and exploration program planning and managing large work-forces in foreign countries.
Lee Rice, Director Departure of Directors http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8236812
Formerly the President of Data Technology Services, Mr. Rice has served as the Chief Engineer since 1990. Lee designs and conducts geological and engineering studies, materials processing studies and environmental control studies for client firms and organizations including Anglo American Gold, DeBeers, Citicorp, Behre Dolbear-Riverside, Colorado Division of Mined Land Reclamation, the Government of Taiwan, Pease Industries and Rio Tinto. Mr. Rice has developed specialized engineering and mathematical modeling software as well as components and complete systems for process automation. Lee has written several articles in Mining Engineering magazine and worked in the Associate Editor capacity at several other publications, including Mining Engineering Handbook, Practical Placer Mining and Surface Mining Handbook. Mr. Rice is a Registered Professional Engineer and Registered Member of the Society for Mining, Metallurgy and Exploration and a member in good standing of the American Association for the Advancement of Science (AAAS), Colorado Engineering Council (CEC), Geological Society of America (GSA), Sigma Xi Scientific Research Society and Society of Economic Geologists.Paul Donaldson, Director
Paul Donaldson, Director
Mr. Donaldson has worked with Earth Resources Corp., Kennecott Exploration Inc., AMOCO Production Co., and the U.S. Geological Survey. He has been an active consultant throughout his career, completing 70-plus geophysical and geological exploration/investigation projects resulting in commissioned reports. The projects include localities in all of the western states. Most address exploration for mineral, water and energy resources and geotechnical investigations. He is a registered geologist/geophysicist and a Professor Emeritus at Boise State University. Dr. Donaldson completed a PhD in geophysics with a minor emphasis in economic geology at the Colorado School of Mines.
Chene Gardner, Chairman and Chief Financial Officer
Mr. Gardner has served as the Chief Financial Officer and Financial Controller of various small public and private companies over the past two decades. He is currently the Chief Executive Officer, Chief Financial Officer, and Director of Start Scientific, Inc., a provider of computer hardware, software and information technology services and is a publicly traded company. Mr. Gardner also serves as the financial controller for SportsNuts, Inc. another public entity, and has served in this capacity since September 1999. Mr. Gardner has been the Chief Financial Officer and member of the board of directors of Cancer Therapeutics, Inc., a cancer biotherapy company since May 2004. Previously, Mr. Gardner served as the Chief Executive Officer of Global Networks, Inc., an advertising company from March 2005 until December 2009. Mr. Gardner also served as the Chief Financial Officer and member of the board of directors of Synerteck Incorporated, a publicly traded IT service provider from April 2001 until December 2005. From January 1997 to September 1999, Mr. Gardner served as Financial Manager for Aluminum Builders, Inc., a producer of various home improvement items.
Mr. Gardner also brings five years of auditing and accounting experience with the firm of Deloitte & Touche LLP from June 1990 to August 1995, serving clients in the banking, manufacturing, and retail industries. Mr. Gardner holds Bachelor and Masters of Accounting degrees from Weber State University, Utah. Mr. Gardner is a Certified Public accountant and is actively involved with the American Institute of Certified Public Accountants.
W. Glen Zinn, Director
Mr. Zinn, age 70, has 45 years of senior executive for mining and minerals exploration companies around the world. Since 2010, Mr. Zinn has been an independent management and operation consultant for various U.S. natural resource companies. From 2004 to 2010, he was Chairman, CEO, and President of Bell Copper Corporation, an international copper exploration development and production company. From 1986 to 1993, he was an executive with Hecla Mining Company, serving as the the Vice President of Corporate Development & Exploration from 1990-1993. In 1980, Mr. Zinn was appointed by Secretary of the Interior William Clark to the National Strategic Materials and Minerals Program Advisory Committee to provide advice in respect of mineral needs and resources for purposes of national security. From 1971 to 1986, he served in various management capacities and as Chief Geophysicist for Unocal. Mr. Zinn holds a Bachelor of Science degree in Geological Engineering with a minor in Geophysics from the Michigan College of Mining & Technology. Mr. Zinn also holds various postgraduate certificates from MIT, Stanford, and Northwestern.