Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I never held this for very Long, Mark sent me an email, from what I understood the Company was heading into a better position. Then Brad took his mineral claim back when they said it was to hot in Mexico to drill, the equipment put into storage and then all these other mining locations began to fall 1 after another. Where is Mark and Brad? Doug took over and gave our only claim to another mining Company, do we get anything at all?
sorry to hear that, I lost a lot more on other scams, so I know just how ya feel!
that's why people need top trade these and not hold them too long!
I lost over $20'000 when Alto pulled out of Mexico and Brad took back the mining rights when Alto defaulted in production. I remember I started to cry. I'm sure someone made a little money back then, I really trusted Mark when he sent me a positive email. Then everything just crumbled.
ha ha lmao THATS HILARIOUS.
Wanna hear something crazy I knew about ALTO from when HDOG was on it...then I was on my way to Las Vegas and misses a flight so had to stay in a Hotel, It was late I was pissed so I go to the bar in the Hotel, who do I meet there on his way to Africa?
Yup you guessed it.... non other than Brad St.John
he was telling me about ALTO and I said wait I know that stock'
funny shite rite
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68496947
The Alto scam continues. Since the SEC suspended the stock, and it is now worthless, Alto management just moved the bogus "mine" into EXLA, where they are doing the exact same thing they did with Alto.
http://investorshub.advfn.com/Helmer-Directional-Drilling-Corp-EXLA-21969/
Who is Ken? I have shares here but it's so diluted now that my shares are nothing. What do you know?
Hey what's going on here I got hosed for $20'000 with ALTO.
....and some people will say anything in the hopes of convincing even one sucker to fall for their lies.
were these shares wiped out or moved to the other co?
Nah,
I'd rather just watch the board. It's much more fun.
You keep all your shares.And alto becomes an empty shell until someone buys it and does something with it as far as I know.You can call them and find out for sure thou. http://finance.yahoo.com/news/excelsior-gold-corp-exla-access-121800890.html
But does that mean that I lose my thousands of (worthless) shares, or do they somehow now transfer to the new company, or do I keep checking the Alto price to see if they double in value to $4
No takeover.They are just moving the property over to EXLAE and leaving alto as an empty shell I believe.
As an alto shareholder is there anythign I need to do to hold on to my POS shares following this takeover? Dunno how much my shares are currently worth. About $2 I think. Paid about $3,000 for them a few years ago. Not holding out any hope, but still don't want to get caught out simply because I didn't sign something.
Thanks for keeping people on this board properly informed.
some people never learn, except the hard way ;)
you're right ... probably not a good long term investment opportunity. gold mining penny stocks don't have a lot of success historically ... but the other is a good "trading" opportunity at the current level. Just getting noticed, 700M A/S, low O/S with most shares restricted. Nothing toxic yet in the current filings ... notice on friday to expect the 10Q soon to bring it back to OTCQB current and additional business updates. It's at (or close to) a bottom now and accumulation has turned.
Trade em .... don't marry em ...
Could get it right?... LMAO.... Do you know how many stocks these pump and dumpers have diluted into worthlessness?
The only reason they are moving into a new shell is because this one is too diluted/tainted and they want/need to dump a ton more stock... but the penny market is way too illiquid these days to raise the type of $$$ needed for a successful mining operations. Mining is probably the most expensive/risky sectors in the world.
Never invest in horrible management with no $$$$ and an endless supply of free shares to dump... Read the CEOs past comments on this board and compare to what took place.
With mining stocks beaten down, there are way better places to invest in this sector... When ALTO was over .03 i was making the same claims. Sadly, not many listened to my DD, until their money was gone. THEN it all suddenly made sense, but it was too late.
The last one to figure it out loses the most in pennyland... Caveat Emptor
ha ha ha ha ha thats the best one Ive heard all year.
time will tell ... could get it right this time ... looks to be a good opportunity at this level ...
It will still be a scam company just like alto.Same people different symbol.
Just in case you were wondering from a recent 8K...
You could buy some EXLAE and try for round two.LOL http://investorshub.advfn.com/Helmer-Directional-Drilling-Corp-EXLAE-21969/
I know, my 8 shares aint worth shit now
LOL
Pg 2
This Information Statement is furnished to the stockholders of Alto Group Holdings, Inc., a Nevada corporation (the
“Company” or “Seller”), in connection with action taken by our board of directors and the holders of a majority in interest of our voting capital stock to transfer, sell and assign to Helmer Di
rectional Drilling Corp. (“EXLA” or “Buyer”), assets of the Company relating to certain interests in the Great Excelsior Mine (“Excelsior Mine”), which interests consist of 60 lode mining claims(also sometimes referred to as the “Excelsior Claims”) in Northeast Washington (collectively, the “Assets”), in exchange for 149,365,246 common shares of EXLA (the “Shares”). Such transaction is hereafter referred to as the (“Asset Sale”). The foregoing actions have been ratified by the written consent of the holders of a majority in interest of our voting capital stock, consisting of our outstanding common stock, outstanding Series C Preferred Stock, as well as our board of directors, by written consent on March 14, 2013. We anticipate that a copy of this Definitive Information Statement will be mailed to our shareholders as of the date hereof.The Excelsior Claims are owned by Alto Cascade Resources, LLC, a Utah limited liability company and a wholly-owned subsidiary of the Company. The Buyer is a Nevada corporation that is listed for trading on the OTCQB and is controlled by Doug McFarland our Chief Executive Officer, Chairman of the Board,and controlling shareholder of the Company. Additionally, Mr.McFarland has also been appointed Chief Executive Officer, and Chairman of the Board of EXLA as a result of the Asset Sale.
QUESTIONS AND ANSWERS ABOUT THE ASSET SALE
(ALTO Closed Up Shop), guess all Klok's 7 Billion Shares finally got sold
http://altomines.com/pdfs/alto_14c.pdf
Why am I receiving this Information Statement?
This Information Statement describes the transactions relating to the sale of the Excelsior Claims, and the approval of the Asset Sale by holders of a majority of the outstanding voting shares of the Company. Our Board of Directors is providing this Information Statement to you pursuant to Section 14(c) of Exchange Act solely to inform you of, and provide you with information about, the Asset Sale.
Who is entitled to receive this Information Statement?
Shareholders of record as of the close of business on March 13, 2013 are entitled to receive this Information Statement, which describes the actions that have been approved by the written consent of the holders of a majority of the outstanding voting shares of the Company.
Am I being asked to vote on the Asset Purchase Agreement and Asset Sale?
No, we are not asking you to vote for approval of the Asset Sale or to provide your written consent to the Asset Purchase
Agreement, because your vote or written consent is not required for approval. The Asset Purchase Agreement has already been approved by the written consent of the holders of a majority of the outstanding voting shares of the Company.
Will there be a special meeting of shareholders to consider and approve the Asset Purchase Agreement and Asset Sale?
No. We will not hold a special meeting of shareholders to consider and approve the Asset Purchase Agreement or Asset Sale.
Does the Company expect to distribute any of the proceeds from the Asset Sale to Shareholders?
Unknown at this time. The Company may sell the Shares at some time in the future and distribute the proceeds therefrom or,
following an appropriate holding period under applicable federal and state securities laws, may distribute the Shares in-kind to our Shareholders on a pro-rata basis. For purposes of distribution, the Company will assume the conversion of all instruments outstanding that would otherwise be convertible into common stock of the Company.
How was the consideration for the Asset Sale determined?
The consideration for the Asset Sale was determined in arm's length negotiations between the Company and disinterested directors of the Buyer. Following extensive negotiations between the parties, Buyer agreed to pay 149,365,246 shares of the common stock of EXLA for the Excelsior Claims.
Where can I find more information about EXLA?
Please see the summary information provided below in the Section entitled Information About Helmer Directional Drilling Corp., as well as the Buyer’s website at http://www.excelsiorgoldcorp.com. Aditionally, the Securities and Exchange Commission (“SEC”) maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers such as EXLA that file electronically with the SEC at http://www.sec.gov.
Is the closing of the Asset Sale subject to the satisfaction of any conditions?
Yes. Before the Asset Sale may be consummated, certain closing conditions must be satisfied or waived. These conditions are described in this Information Statement in the section above entitled The Asset Sale - Closing Conditions. If these conditions are not satisfied or waived, then the Asset Sale will not be consummated even though it has been approved by the Board and by written consent of the holders of a majority of the outstanding voting shares of the Company.
When do you expect the Asset Sale to be consummated?
We intend to close the Asset Sale on the third business day following the satisfaction or waiver of the closing conditions or such other date as the parties may mutually determine, but not earlier than twenty days after the date this Information Statement and notice are first mailed to the shareholders. The Company currently believes that the Asset Sale will close, and the Company will receive the Shares on or before March __, 2013.
Will the Company continue its mining, exploration, or development activities after the Asset Sale?
Unlikely. After closing the Asset Sale, the Company will likely cease further mining exploration or development activities.
What should I do now?
No action by you is required.
Who can help answer my questions?
If you would like additional copies, without charge, of this Information Statement, or if you have questions about the Asset Sale,
Head over the FLST, fuelstream, that Ken Denos other shaddy deal
Chuck tried to pump it up, but the Red Blew the Deal
My 8 shares are on fire today, up 100%!!!!!!! LOL
i need a 100 bagger to get me 2 cents
Yep, the death knell of all pinkie stocks....coup de'tat's......LMAO!! :)
Cant forget about the coup de'tat.Probably have another one in 60 days.LOL
Ahhh YES, Florida....the hotbed of scam companies, I should have known....LOL
BTW, their website says the are traded on the OTC, but are on the greysheets......LOL
They switched to Florida remember.LMAO
http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=F11000002080&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=ALTOGROUPHOLDINGS&names_filing_type=
ALTO GROUP HOLDINGS, INC.
Status INACTIVE
Last Event REVOKED FOR ANNUAL REPORT
Event Date Filed 09/28/2012
Status: DEFAULT........ (Shocker).... LOL
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=E4cks%252fZ%252bf0GYkQ4pXmO9Yg%253d%253d&nt7=0
ALTO's SEC SUSPENSION (LOL)
ALTO resides on the GREYSHEETS, despite the FALSE info on their website stating they trade on the OTC!!
http://www.sec.gov/litigation/suspensions/2012/34-67868.pdf
ORDER: http://www.sec.gov/litigation/suspensions/2012/34-67868-o.pdf
------------
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 67868 / September 17, 2012
The Securities and Exchange Commission (“Commission”) announced the temporary
suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange
Act”), of trading in the securities of the following issuers, commencing at 9:30 a.m. EDT on
September 17, 2012, and terminating at 11:59 p.m. EDT on September 28, 2012:
? AER Energy Resources, Inc. (AERN)
? Alto Group Holdings, Inc. (ALTO)
? BizRocket.com, Inc. (BZRT)
? Fox Petroleum, Inc. (FXPT)
? Geopulse Explorations, Inc. (GPLS)
? Global Technologies Group, Inc. (GTGP)
? KMA Global Solutions International, Inc. (KMAG)
? Mike the Pike Productions, Inc. (MIKP)
? Mobile Star Corp. (MBST)
? SavWatt USA, Inc. (SAVW, formerly SAVWD)
? Scorpex, Inc. (SRPX)
? Silver Dragon Resources Inc. (SDRG)
? Strategic Mining Corp. (SMNG)
? Surgline International Inc. (SGLN)
? Thrive World Wide Inc. (TWWI)
? Zamage Digital Art Imaging Inc. (ZMGD)
The Commission temporarily suspended trading in the securities of the above-listed issuers
because of questions regarding the adequacy and accuracy of information about the companies,
including their assets, business operations, current financial condition and/or issuances of shares
in company stock.
The Commission cautions broker-dealers, shareholders, and prospective purchasers that they
should carefully consider the foregoing information along with all other currently available
information and any information subsequently issued by the companies.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the
Exchange Act, at the termination of the trading suspensions, no quotation may be entered unless
and until they have strictly complied with all of the provisions of the rule. If any broker or dealer
has any questions as to whether or not he has complied with the rule, he should not enter any
quotation but immediately contact the staff in the Division of Trading and Markets, Office of
Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is
required by Rule 15c2-11, he should refrain from entering quotations relating to the above-
named securities until such time as he has familiarized himself with the rule and is certain that all
of its provisions have been met. If any broker or dealer enters any quotation which is in
violation of the rule, the Commission will consider the need for prompt enforcement action.
The Commission acknowledges the assistance of the New York District Attorney's Office in
connection with this matter.
If any broker, dealer or other person has any information which may relate to this matter, they
should immediately contact any of the following individuals:
In connection with AER Energy Resources, Inc., BizRocket.com, Inc., Global Technologies
Group, Inc., and Silver Dragon Resources, Inc.:
Glenn S. Gordon, (305) 982-6360 or gordong@sec.gov
Associate Regional Director, Miami Regional Office
Elisha L. Frank, (305) 982-6392 or franke@sec.gov
Assistant Regional Director, Miami Regional Office
In connection with: Alto Group Holdings, Inc., Fox Petroleum, Inc., KMA Global Solutions
International, Inc., and Mobile Star Corp:
Andrew M. Calamari, (212) 336-0042 or calamaria@sec.gov
Associate Regional Director, New York Regional Office
Sharon Binger, (212) 336-0462 or bingers@sec.gov
Assistant Regional Director, New York Regional Office
In connection with Geopulse Explorations, Inc. and Strategic Mining Corp.:
Julie K. Lutz, (303) 844-1056 or lutzj@sec.gov
Associate Regional Director, Denver Regional Office
Mary S. Brady, (303) 844-1023 or bradym@sec.gov
Assistant Regional Director, Denver Regional Office
In connection with Mike the Pike Productions, Inc. and Thrive World Wide Inc.:
Robert J. Burson, (312) 353-7428 or bursonr@sec.gov
Associate Regional Director, Chicago Regional Office
Charles J. Kerstetter, (312) 353-7435 or kerstetterc@sec.gov
Assistant Regional Director, Chicago Regional Office
In connection with SavWatt USA, Inc.:
Elaine Greenberg, (215) 597-3100 or greenberge@sec.gov
Associate Regional Director, Philadelphia Regional Office
Brendan P. McGlynn, (215) 597-3100 or mcglynnb@sec.gov
Assistant Regional Director, Philadelphia Regional Office
In connection with Scorpex, Inc. and Surgline International Inc.:
Michael S. Dicke, (415) 705-2458 or dickem@sec.gov
Associate Regional Director, San Francisco Regional Office
Tracy L. Davis, (415) 705-2318 or davistl@sec.gov
Assistant Regional Director, San Francisco Regional Office
In connection with Zamage Digital Art Imaging Inc.
Karen Martinez, (801) 524-5799 or martinezk@sec.gov
Assistant Regional Director, Salt Lake City Regional Office
Abandon all hope all yee who enter here.
And just like nodummy and many others have predicted....now the stock is "cheap".....
A few of us have been posting DD and spreading the word about this scammer for years... but sadly, many thought we were "trying to get in cheap" and did not listen.
I grew up in a house where if Dad said "When are we going to mow the lawn?" it always meant when was I going to mow the lawn. If WE are going to do these things you better catch up. I have been warning people about Klok for YEARS. Years before you even purchased your first share of this scam. We should get him banned We should spread the word. WE sounds code for You telling everyone else what they should do. You want me to warn people about Klok? Done. This SEC thing. Do what ever you wish. Getting involved with the SEC has never been nor ever will be a role for me. I have no secret information. All the dd I provide is publicly visible for you, me, and the SEC to see. The SEC is already investigating (unless they are finished) this company so not sure how much more we can do. But whatever you wish to do, good luck.
Well, then we should get him banned from doing it again thru the SEC or any and all other agencies plus companies that pump companies.
I feel that if that was done we should spread the word about him
Don't you think?
Followers
|
113
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
15403
|
Created
|
11/25/09
|
Type
|
Free
|
Moderators |
Email: contact@altomines.com
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.
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.
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
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.
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.
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.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |