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Is there anything going on with this Company? Sure would like to see it come back to life!
Does anyone still follow this stock? Is there any hope of ever getting any value back out of this company?
Why wouldn't the Board Of Directors want to sell the shell if the company is dead? Say they could get $4 million for it that would return approximately $0.15 per share if my math is correct. Something is better than nothing.
Is there some reason they would want to hang on to the shell of a dead company?
I tried to locate some of the directors a while back without any luck. Doubt they want to be found after they cost investors so much money.
No not much you can do. You could try to find addresses of the directors and write them a letter about your concerns.
As shareholders is there any way we can push for some kind of action? I have a lot invested in this company and would like to get whatever value I can back out. I keep hoping I am going to wake up someday and see this dog trading for about $10 a share. Well I can dream can't I?
Sure they could sell the shell to an active company. I've seen that happen before, but I've also seen these never wake up. I think this one has a chance, but it is really up to the directors.
Is there any chance they could sell the stock exchange listing for a few million dollars to get some shareholder wealth back out of this dog?
Nope it is just a wait an see at this point. With the price of gold and silver dropping it ain't looking good for them to be able to get a business going. At this point it looks to me they missed their window of opportunity. Well that is until this bubble pops and gold and silver move to new highs.
They are not required to file its a pink sheet. Maybe they got hurt like alot of other companies did during the recession. SEC is the bad guy they suspending low volume companies left and right for not filing meanwhile pos like ARNH who dilute RS then dilute again and hurt alot more people are allowed to trade because they do file. Basically they are saying if you file its ok to dump all over your shareholders. rinse and repeat. At least companies like this dont dump millions of shares. Not to mention the SEC trying to protect people that arent really interested in a stock like this anyway and screwing the existing shareholders.
Geocom had not filed any Financials for 4 years. Shouldn't the company be 100 % responsible for the revocation since they were an SEC Filer that did not file Fins?
The SEC are not the bad guys here.
Excerpt from the Admin Proceeding:
Geocom Resources, Inc. (“GOCM”) (CIK No. 1141787) is a Nevada corporation located in Bellingham, Washington with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). GOCM is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended March 30, 2009. GOCM's last periodic report omitted financial statements based on Exchange Act Rule 13a-13(c)(2). As of February 19, 2013, the common shares of GOCM were quoted on OTC Link, had five market makers, and were eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
The SEC is so full of it. Someone needs to revamp that whole division imo. Suspending and revoking low volume shells are the least of the problem.
The Securities and Exchange Commission (“Commission”) deems it necessary
and appropriate for the protection of investors to accept the Offer of Settlement submitted
by Geocom Resources, Inc.
Protection of investors? All they do is screw the investors that were all ready in and who all ready spent money.
2. GOCM has failed to comply with Exchange Act Section 13(a) and
Rules 13a-1 and 13a-13 thereunder because it has not filed any periodic reports
with the Commission since the period ended March 30, 2009.
So they have been suspending and revoking companies for not filing even though by the defintion of pinksheets they are not required to file.
Definition of 'Pink Sheets'
A daily publication compiled by the National Quotation Bureau with bid and ask prices of over-the-counter (OTC) stocks, including the market makers who trade them. Unlike companies on a stock exchange, companies quoted on the pink sheets system do not need to meet minimum requirements or file with the SEC.
Read more: http://www.investopedia.com/terms/p/pinksheets.asp#ixzz2NQduEbVv
No. I called GOIG a year or so ago when the shares were issued and they told me they had no control over what a brokerage called your free shares. They are in no way related.
Still showing shares in my b.account that were spun off from GOIG. LOL, Don't think it has anything to do with minerals.
.
Is this GOCM RELATED ANYWAY TO THE GOIG GOCM?
yep better than nothing i guess
More from 10-k
Man that is something amazing! I really did not think we would see anything. wow
might as well be revoked if they cant come off of greys.
No. They are trying not to be revoked. Looks like they may have contacted the SEC and may have worked something out. They are making some effort. When or If they get current with filings and get the all clear from the SEC. Then they can look for a Market Maker to sponsor them and file a form 211 with FIRNA for approval. When approved that is when they can move of the Greys. It could take awhile.
10k out today wonder if they trying to come off of grey
http://www.otcmarkets.com/stock/GOCM/filings
unless it is revoked.
Geocom will Trade on the Grey Market March 8th after the 10 day suspension. No way around that...
Good luck guys
Ah I hate that for you. I think there is still hope here. It might go grey, but I think they will resurrect it eventually. I guess we are going to have to wait and see.
no clue i have this one cheap too and never sold on last run. shame on me.lol
yeah i am sitting on quite a few that have gone grey. I do wonder why they would have even bothered going through the reinstatement process if they did not have a plan:
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=9O2iMQMUleso%252fK0Xd82p%252bw%253d%253d&CorpName=GEOCOM+RESOURCES+INC.
usually never coming back from suspension or if they do it grey. sux man
it does and it will be interesting to see if the company responds...
GOCM SEC Suspension:
http://www.sec.gov/litigation/suspensions/2013/34-68969.pdf
ORDER:
http://www.sec.gov/litigation/suspensions/2013/34-68969-o.pdf
SEC Admin Proceeding:
http://www.sec.gov/litigation/admin/2013/34-68970.pdf
We need some positive news regarding the company. What is left of it! Too many sellers and not enough buyers.
yeah no kidding someone buying .03s then someone selling under .01 wtf
yeah i am surprised it fell back.
yessir would love it to wake again still holding all thought it would go higher cant believe it fell back down to sub penny
It has been very quiet lately. Let's get this party started!
yep looking for a nice 2013
For sure, I kind of expected a bit of a down turn this month, due to tax selling. The upside is that all the weak hands will be out of the way for a strong run in the new year.
yep waiting on updates
I've been out for a week. It is great to see this thing holding strong. I wonder it news is in the works.
What happens then? Any idea of what is driving the price higher?
Gumzsa,
Can you please provide another "screen shot"? I am not sure where to get that information.
If you believe the price will go to atleast $0.10 are either of you buyers at this level?
Thanks for your help.
Jim K.
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Geocom Resources Inc. (the "Company") is a U.S.-based mineral exploration company. Traded on the OTC:BB under the symbol GOCM, the Company is dedicated to acquiring and developing mineral resources in geologically permissible and politically stable arenas of the world. The Company focuses on projects that are or will be of interest to mid-size and major producers. By forming ventures on individual projects with such producers, the Company expects to grow and maintain an interest in mines operated by its partners, allowing it to continue to build value through continued exploration.
Geocom's business plan is to explore, acquire, and develop copper and gold properties in geopolitically stable and geologically permissible jurisdictions in North and South America. Our goal is to joint-venture the properties we develop with mid-size and major mining companies. By forming alliances with such companies, Geocom will continue its exploration and asset growth while its partners develop Geocom's assets to production.
How have we done so far? Overall, we have earned equity interests, or options to earn equity interests in Alaska, Argentina, and Chile through joint-ventures with mid-sized and major mining companies; BHP Billiton, Latin American Minerals, and Kinross Gold Corporation.
Joint venture with BHP Billiton
Through previous drill programs we discovered gold and copper at our Iliamna project in Alaska. A drill program was completed in late April 2006 and the results are pending from assays in the lab
Joint venture with Latin American Minerals
Geocom drilled and discovered gold at the La Carolina project in Argentina, and in November 2005 the Company entered into a joint venture with Latin American Minerals to continue the exploration and development of the multiple targets at this project.
Geocom drilled gold at the Escorpion project in central Chile, a joint venture with a Chilean corporation. Geocom solidified its ownership of the Marcelita and Santa Rosa copper-gold properties in central Chile.
Exploration venture with Kinross Gold Corporation
Geocom acquired a substantial database and initiated exploration in an area of southern Chile that has been largely ignored, but which has immense ore body potential. The attractiveness of Geocom's initial exploration results resulted in the formation of an exploration venture with Kinross Gold Corporation, which was announced on March 21, 2006. A helicopter-supported reconnaissance program was completed in May 2006, and initial evaluation of results is very positive. Geocom and Kinross will meet soon to develop an action plan. Overall, the Company is very pleased with the initial results, which will be released after appropriate acquisition has been completed.
At each of our active projects, Geocom has successfully attracted well-known and capable venture partners with a common interest in the advancement of the projects. The Company intends to continue with this strategy to develop new projects, attract ventures with new partners, and build an asset base of properties in various stages of development, from exploration to production, to sustain the growth of the company.
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Market Cap: $8.7M
Shares Outstandstanding = 24.8030M
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