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Yes, very true. I'm sure a lot of work going on behind the scenes. But will be worth the wait
Yep, things are shaping up. Slower than we expected, but we are going in the right direction.
Why is it good to hear that the CEO mislead shareholders by putting out a pr that Mr Jeda was CFO when the fact is he is not?
Why is it good to hear that the FINRA papers are not even filed?
Very informative breakdown, looks good
Good to hear, I'm ready $$
More like the ceo's kiss of death. Ummmm, we haven't filed the proper paperwork and FINRA won't give canwealth a symbol and it was just a lie that Mr Jedda was appointed CFO of canwealth.
Great update.......
CEO's update on IPO progress.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108513021
Who would want to buy a Canadian company that doesn't live up to business standards in Canada. If Canada won't issue a trading symbol to Canwealth why would FINRA ? FINRA isn't stupid, one thing they do before issuing symbol is check to see if applicant is banned from trading in any other country's. Kind of an international stock trading agreement.
Canwealth won't ever trade on any exchange.
Canwealth is still a long way from getting a symbol and if they ever do all assay reports etc will be out of date and need to be redone. Lotto ticket has better odds of success
Thanks Mantis.
Once this goes, I believe ICBT has a very nice jump...perhaps even substantial.
The Canwealth shares will be in very strong hands, don't get me wrong, many will cash out a major portion right away, but it will settle into a trading range until we get some drill core results and interest from mining partners.
I see a very nice return for those who get in early and hold this for assay results and the interest that will be generated by them.
First things first, we need to get final FINRA/SEC approval and get this thing trading.
Good luck to all....lets make some money when this thing goes public.
About Canwealth shares ownership...
I always wanted to correct people who keep posting that ICBT owns 60% of Canwealth. This is not accurate.
Here is the History -
In 2012 after the merger the ownership looked like this -
ICBT 30,918,462 - 60.9 %
Kelly Taylor 8,833,846 - 17.4 %
Perry Radin 4,416,923 - 8.7 %
USG1 6,600,000 - 13.0 %
Total 50,769,231
Since 9/25/2013 after Mr. Taylor's shares were divided between ICBT and Mr Radin it looks like this - ( see SEC filing from 9/25/2013 )
ICBT 38,648,077 - 76.125 %
Perry Radin 5,521,154 - 10.875 %
USG1 6,600,000 - 13.000 %
Total 50,769,231
When IPO hits and 15 million new shares are sold to the IPO investors the percentages will look like this :
ICBT 38,648,077 - 58.763 %
Perry Radin 5,521,154 - 8.395 %
USG1 6,600,000 - 10.035 %
IPO 15,000,000 - 22.807 %
Total 65,769,231
So, here it is.
Great Mantis! Thanks for your post and info! I'll PM you on free friday details, I'd love to hear all the facts. Thanks again!
I went to Shadow mountain yesterday. Liked what I saw. All the bashers' stories turned out to be lies ( shocking ! ) . PM me your emails I will send you the details.
I got their count at 38,648,077 shares. 60%
http://www.nasdaq.com/markets/ipos/filing.ashx?filingid=9203760
The only thing to keep in mind is those numbers are now inaccurate. The findings still support billions in recoverable REE's but we have to remember we did lose some claims; though most were rezoned are not worth upkeeping. What the company still has equals a growing market gap. Keep in mind we'll be an emerging company while under 700m.
People have tried hard to convince that Shadow Mountain will develop problems because of housing; if you look at the claims now compared to before all can see that the claims are located in future mining zones:
The company website also has pictures of roads and ground work that's been done at the site in that regard. Original claim area:
Update is on the company page.
Time will tell. NASAYERS have had their way but everything changes after the IPO.
HUH, DID YOU MEAN JULY 2015? It's funny how a Co. with only a hand full of paper work (most preprinted check off junk) is taking over a half year plus to try and get a symbol, and Co.,s with hundreds of documents with millions in revenue in MULIT countries only takes a few weeks. HUH, so when is it due now? AUGUST? Whoops, September? Whoops, OCTOBER WEEEEEE!
Because environment Canada said no mining there because of environmental concerns such as toxic run off and erosion.
Elementary .
Fact is shadow mountain is an upscale housing development. Great roads, no mining.
Thanks for the accurate info, so much misinformation and lies out there in cyberworld! Truth wins out! I heard there was good roads, access just wanted to hear your take as you are THERE.
I found another mine working in the area (about 2 km north of Amos Quebec near Canwealth lands) and they get workers and much help from the people in the town nearby,
I got this on the general area, sounds great to me! :)
The region still preserves its boomtown atmosphere, as the mining industry still employs one fifth of the local workforce. More than 20% of Quebec's mining activities take place in the Abitibi region. Mining is an important part of the region's economic structure.
There are paved roads and excellent water and electric power sources. There is a regional airport in Val d'Or, which is 130 km from the mine.
They shut down mining there a couple of Years ago. Environmental concerns by the Canadian government
It is in between two major roads with towns very close to it. And less than two hours from montreal . Area is well developed.
How are the roads to Shadow Mountain? I read that area has pretty good access and Infrastructure so once mining begins it will go smooth.
I only drove by the office location on one of the nights here - it is an the residential area, just a house, I would guess it's Garth's. Did not go to Shadow mountain - as I am not here on weekends and going there at night makes little sense - it will be dark by the time I get there.
Did you have a chance to visit the business during your Montreal visit as you said you would?
If this was a scam as some claim, why would Garth keep paying accountant to file quarterly reports on time?
I must say it is taking really long and especially the start with USG to get this running. Have we made the right choice with Canwealth Minerals?
Ticker anybody?
I agree, it can come at any time now.
Same here...anything can happen.
It is coming, it is coming....
I know we've been waiting for very long time, we need to be more patient. Selling is not an option for me.
CANTWEALTH DOES NOT OWN A REAL MINE. intangible
Pronunciation
?'ntæ'n??'b?'l
Noun
"1. intangible asset — assets that are saleable though not material or physical
The Company accounts for mine properties in accordance with Accounting Standard Codification 930, Extractive Activities-Mining. Costs of acquiring mine properties are capitalized by project area upon purchase of the associated claims. Mine properties are periodically assessed for impairment of value and any diminution in value. There were nine mineral properties as of June 30, 2014 presented as intangible assets of $23,815.". ITS JUST APIECE OF PAPER THAT SAYS THEY MAY HAVE THE RIGHT TO MINERALS. THERE NEVER HAS BEEN A ASSY PERFORMED ON THESE CLAIMS AS STATED IN THE 10Q, READ READ READ.
Seems like time is up for Canwealth to get a trading symbol. The Canadian ban of the CEO 's other company threw up lots of red flags. The CEO Garth McIntosh has no comment. He's gone silent ......
I'm re-opening this board in the 'Users Groups' category so you continue posting. If and when it becomes a publicly trading company, let us know and we'll switch it back to the correct category.
This board will be closed to posting until CanWealth Minerals starts trading as a public company. Someone can send Admin a PM when it has a trading symbol, with a link to the information.
Thank you!
Only for a dream!
Why does this board even exist ??
Some IPO's sit around for years and then get withdrawn. Deadlines for repayment of loans for claims bought back by CanWealth have expired meaning that they no longer hold those claims. Someone else could be mining them right now.
YOU BE LUCKY IF YOU GET ANY PENNIES BACK ON THIS SCAM, VERY LUCKY.
THAT SUMS IT UP, HES TAKNG THE MONIES IN THE FORM OF IOU,S FROM INVESTORS AT ICBT. TO WORK ON HIS NEW SHARE SELLING SCAM CANTWEALTH. ITS AMAZING HOW NO ONE IS ADDRESSING THIS FACT, BUT THEN AGAIN ITS KINDA FUN TO WATCH THE CEO RIP INVESTORS OFF AND PUT IT IN WRITING RIGHT IN FRONT OF THEIR FACES. TOTALLY HILARIOUS ACTUALLY, BECAUSE WE KNOW AT SOME POINT THE GROUPIES WILL TURN ON THE CEO LIKE A RABID DOG.
So Garth has ICBS paying him almost a half million dollars a year and hasn't brought in $10?????
That seems almost criminal
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