Golden Band Resources (GBRIF)

[creede]

GBRIF to Expert

https://www.otcmarkets.com/stock/GBRIF/profile

[darga33]

Hey guys thanks for providing those links to those SEDGAR Docs which show that GBRIF, Golden Band Resources, is dead!

I was wondering about this for the longest time since they suspended the mine. It finally brings closure!

[ErnieBilco]

Good, now it's ripe for the frontloading crowd to load and pump my 0001s up.

I'll Wait

[creede]

GBRIF isn’t Pink Current anymore. They finally wised up.

https://www.otcmarkets.com/stock/GBRIF/overview

Stop sign now.

[creede]

good idea

[ErnieBilco]

So GTC them at a dime or chop them into pieces from a dime to .50

Don't be greedy.

[creede]

O/T

That would probably do it but I hate just give them away. They only cost me $4

With a website that darn good they gotta be worth at least a penny

[ErnieBilco]

Throw em out there at .005 GTC - never know when someone will fat finger buy.

[creede]

O/T

yep.

i ended up with 40k shares I picked up at .0001

Nobody wants them. lol

[ErnieBilco]

It rarely trades, I think I've seen 2 or 3 trades in the past several years. I'm still bidding it anyway.

[creede]

Gotcha. will check that out.

want to see the most shockingly disappointing G2P of all time?

GUE_SF

I still cannot believe how neglected it has been.

THANK GOODNESS my grey sheet orders did not fill.

I was trying to get over $1,000 worth of that one because I thought it would run like a scalded dog if it ever turned Pink.

Boy was I wrong.

Look at the website: https://www.guestlogix.com/

I mean, they are even making recent posts on their blog.

https://www.guestlogix.com/blog

Just goes to show you never know.

[ErnieBilco]

Yeah, never know what those G2Ps are gonna do and FOMO takes over sometimes.

I bought a new SPAC today that just started trading yesterday - just 2 starters in 2 accounts JIC, I didn't wanna miss a runner and I can always add if it does eventually drop. I posted it on MMM's board.

[creede]

I got overly excited when it turned Grey to Pink CURRENT.

Got caught in the bidding war on day one.

Lesson learned.

Could have been a lot worse actually. Glad I didn't buy a whole lot more.

[ErnieBilco]

Ohhh bummer, I'm pretty green since all mine were at .0001 - MY FAVORITED NUMERO.

[creede]

I am still holding at the moment. I was hoping it would run since its Pink Current (for some unknown reason).

If I dump here (even at .002) I take a small loss.

Sometimes that is unavoidable. But I am trying to be patient.

Only holding $277 worth so not overloaded.

Have to say this one has been a huge disappointment thus far. Really expected it to have more interest.

[ErnieBilco]

Still tryin to move mine, I can only chop them up so much.

[creede]

Little bit of action here today

[creede]

0033 and 0004

[ErnieBilco]

Where did you get in?

This is best at .0001 and set sell at .002 for quick turn or .004 for a longer hold for double the payout. Then set up to buy back in and wait for next run.

It traded 19 mil today so tomorrow may bring more smiles to my face.

I already own too many bags and don't need another one to break my back.

[creede]

Congrats.

You did 33 times better than I did!

(covering face in shame)

I got way too over jealous on this one.

Since it was showing Pink Current I thought it was a sure thing to run hard.

Sold 10k at .01 but then NADA.

I'm holding a bag now.

How does it look on me?

[ErnieBilco]

Snagged 250K @ .0001 today. Not yet showing on the tape.

Now to get them sold - .002 would be OK I guess.

[creede]

Yep — and at an average price of .004

Someone bought $4,000 worth today.

[Longer Than Most]

Hmm $GBRIF

[creede]

1M shares just got gobbled up.

Weird.

OTC still showing it as Pink Current.

Are we missing something?

[creede]

Getting a little volume for some reason.

New info anywhere?

[GREEN MAKER]

https://www.masgoldcorp.com/

[creede]

Thanks for that link, Green Maker.

Very nice to see something recent that includes "Golden Band" in the press release.

Unfortunately, I still need an interpreter. That's a new one on me.

[GREEN MAKER]

https://markets.businessinsider.com/news/stocks/mas-gold-corp-delivers-a-notice-that-golden-band-s-joint-venture-interest-has-been-diluted-to-a-royalty-position-1028804585

[barnyarddog]

Pink Current Information

https://www.otcmarkets.com/stock/GBRIF/security

[creede]

Last thing...

I still do not understand why GBRIF is listed as Pink Current Information.

It just went Grey to Pink a few days ago. One would assume it was actually looked at before they listed it again.

I think all of the other G2P tickers — including F tickers — have come back as Pink No Info. Here is a good example:

GSFVF: Pink No Information
https://www.otcmarkets.com/stock/GSFVF/disclosure

Here's another one. The last filing on this one is about the same time as GBRIF.

YNGFF: Pink No Information
https://www.otcmarkets.com/stock/YNGFF/disclosure

It's just bizarre.

I have heard that this mistake has been made before and it was eventually corrected. That's probably what is happening here.

[creede]

Ok... a little more digging.

Here is a miner called Procon. Can there be more than one?

https://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00031836

Looks like they delisted as well.

Old news regarding Procon (2013).

https://www.procongroup.net/news-releases/procon-holdings-inc-announces-acquisition-of-promec-mining-contractor-inc-to-be-renamed-procon-canada-east-ltd-procon-est-du-canada-ltee/

And some news that's a little bit more recent (2018).

I'm assuming this is the same company.

https://www.linkedin.com/company/procon-mining/

Per this website, Procon is owned by this Chinese company.

http://www.camce.com.cn/en/enAC/enSAB/


What does this all mean — everything! — nothing! — I have no earthly idea.

Again, all feedback welcome.

[creede]

I called OTCM today about GBRIF.

The guy told me to research the company on the Canada side of things. Here's what I found...

FORM 51-102F3 Material Change Report
ITEM 1. NAME AND ADDRESS OF COMPANY
Golden Band Resources Inc. (the "Company") 1500 410 22nd Street E. Saskatoon, SK S7K 5T6

ITEM 2. DATE OF MATERIAL CHANGE
August 12, 2016

ITEM 3. NEWS RELEASE
Issued August 12, 2016 and distributed through the facilities of Canada Newswire.

ITEM 4. SUMMARY OF MATERIAL CHANGE

The Company announced that, in connection with the proposal proceedings initiated by the Company on April 15, 2016 under the Bankruptcy and Insolvency Act (Canada), it has obtained an Order of the Court of Queen's Bench For Saskatchewan granting it approval to, among other things, implement the Bankruptcy and Insolvency Act proposal by the Company to its creditors (the "Proposal"), which Proposal was approved by creditors on July 22, 2016.

Pursuant to the Proposal, among other things, all of the existing equity interests in the Company have been retracted, cancelled and extinguished and new equity interests in the Company have been issued to Procon Resources Inc.

The Company will apply to cease to be a reporting issuer and for de-listing from the NEX board of the TSX Venture Exchange.

ITEM 5 FULL DESCRIPTION OF MATERIAL CHANGE
The Company announced that, in connection with the proposal proceedings initiated by the Company on April 15, 2016 under the Bankruptcy and Insolvency Act (Canada), it has obtained an Order of the Court of Queen's Bench For Saskatchewan granting it approval to, among other things, implement the Bankruptcy and Insolvency Act proposal by the Company to its creditors (the "Proposal"), which Proposal was approved by creditors on July 22, 2016.

Pursuant to the Proposal, among other things, all of the existing equity interests in the Company have been retracted, cancelled and extinguished and new equity interests in the Company have been issued to Procon Resources Inc. The Company will apply to cease to be a reporting issuer and for de-listing from the NEX board of the TSX Venture Exchange.
ITEM 6. RELIANCE ON SUBSECTION 7.1(2) OF NATIONAL INSTRUMENT 51-102
Not applicable.


2304642v1
ITEM 7. OMITTED INFORMATION
No information has been omitted on the basis that it is confidential information.

ITEM 8. EXECUTIVE OFFICER
Contact: Paul Saxton, CEO Telephone: [phone]

ITEM 9. DATE OF REPORT
August 12, 2016

More filings and more info can be found on SEDAR. I believe that's the Canadian equivalent of EDGAR (please correct me if I am wrong).

https://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00007862

It looks and sounds to me that Golden Band went BK and was purchased by Procon Resources Inc.

What does that mean for this ticker and our shares?

I honestly have no idea.

I tried calling Proton and Paul Saxton (see above) but did not get an answer at either place.

May circle back at some point and do some more DD. Might be a while since I have so many new ones. If anyone better understands these filings all information is welcome.

[creede]

That would be nice. I got way too excited over this one. I think my average is .003

When I saw it was Pink Current I figured it would easily go over a penny.

So far I have been wrongo.

I do see two offers on L2 that are in dollars, so it's looking thin at present.

I honestly do not know anything about this stock. I have not done any DD past looking at OTCM.

Do you have any info?

[buxmaker]

Starting to see some higher bids. Looks like this thing wants to start another leg higher.

[creede]

Yep.

Still showing Pink Current for some reason at OTCM.

It’s a foreign stock so maybe they are current elsewhere?

[barnyarddog]

GBRIF Golden Band Resources (PK) 0.0014 133.3% 311,000

[creede]

GBRIF: Grey to Pink on 05/04/2020.

Pink Current Information

https://www.otcmarkets.com/stock/GBRIF/profile

[trinityd]

Seems quite a few gold companies are down lately!

[trinityd]

I believe it means the highest standard for companies in the OTC market. It's for companies who have excellent reporting status, financial reporting.

[carl405040]

That was 15 months ago===any current guess?

[carl405040]

If all is good why such a big drop today?

[carl405040]

What is QX mean===sorry to be so dxxx.

[greenpar]

looks like they just got on OTCQX

[trinityd]

They have as of January 2012, 284,717,355 outstanding shares and being fully diluted at 345,532,571. Not too bad for a company producing gold.

[trinityd]

Cash flow from operations for Q2 2012 was 8.9 million. Q2 2012 20.7 million on sales of 11,870 gold ounces, an average selling price of $1,731/oz. cash cost per ounce $900. This is all expected to increase per quarter, hopefully reaching their goal of gold production of 325,000 a year.

[trinityd]

Their goal according to their website is to produce up to 325,000 of gold in 1 to 5 years. Ramping up to 70,000 to 100,000 ounces a year with a permitted 400 tonnes per day gold mill that is in place.

[trinityd]

Golden Band Resources website!

http://www.goldenbandresources.com