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.
This sure turned out to be a huge scam taking years to evolve.
thank you for info.
looks like SRSR has a loan from circletex also.. maybe for the shell..
Posted by: no19one88
In reply to: no19one88 who wrote msg# 5641 Date:12/29/2007 9:47:55 AM
Post #of 11278
According to the September Financials Filing the Anita Project is still in the books:
Sarissa Resources Inc.
Balance Sheet
September 30, 2007 December 31, 2006
ASSETS
Current Assets
Checking/Savings $ 2,709 $ 54
Notes Receivable 60,000 -
Total Current Assets 62,709 54
Other Assets
Property
Mineral options - Deadmoose 160,400 160,400
Peru Anita project 18,500 -
Total Property 178,900 160,400
Stock in Creso Resources Inc. 25,707 -
Total Other Assets 204,607 160,400
TOTAL ASSETS $ 267,316 $ 160,454
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable $ 13,810 $ 56,184
Advances from Shareholders 10,997 27,467
Note Payable - Rima 6,500 -
Loan Payable - Circletex - 69,440
Total Current Liabilities 31,307 153,091
Total Liabilities 31,307 153,091
Equity
Additional paid in capital 201,835 -
Common stock, par value $0.001 693,566 448,566
Opening Bal Equity 57,577 57,577
Net Income (Loss) (716,969) ( 498,780)
Total Equity 236,009 7,363
TOTAL LIABILITIES & EQUITY $ 267,316 $ 160,454
- 1 -
The accompanying notes are an integral part of these financial statements.
Circletex...
Circletex Corporation
300 Center Avenue Suite 202
Bay City, MI
48708
Telephone & Fax
T: 989-891-0500
F: 989-893-5752
http://circletex.com/circletex04.html
Also find it rather strange both MGGV and SRSR webistes are on the same host as the Bay city transfer website.... Dont know many TA's that work that close with a company, much less have the same working adress
Domain Name
1 ARROWINDCORPORATION.COM.
2 BAYCITYTRANSFER.COM.
3 C2ICORP.COM.
4 CHEERFULSERVICES.COM.
5 DIETBLAB.COM.
6 LARAAMERSEY.COM.
7 MICHIGANGOLD.NET.
8 OFFICIALWHA.COM.
9 OTCBLAB.COM.
10 QUAMES.COM.
11 RTHREETECHNOLOGIES.COM.
12 S32TECH.COM.
13 SARISSARESOURCES.COM.
14 STOCKBLAB.COM.
15 STOCKMARKETBUZZ.COM.
16 STYLEBLAB.COM.
17 WHAJUNIORHOCKEY.COM.
mick.. So MGGV turned into SRSR?
Same management?
Because judging by MGGV website they are one in the same..
Both websites are on the same server....
Something strange going on with Circletex... the company giving out the shells.
srsr has a board - price moving up lately - good things happening
i think all is well.
I believe the new symbol for this company is SRSR. Has been for months now mick.
Saw your post and thought I would help you out here.
Hope all is well with you.
hi max, i haven't seen any updates. pps has been holding.
Insider info(contact)Peter D'Jay.(303) 444-9189. Boulder, Colorado. His wife Sarah is involved as well. I got this from the S H site.
You make me laugh. Just like the Peru deal, and then the Uranium deal that fell through. There is NO big 'deal'. This thing is dead. The only reason for the conference call ( the one that never happened) was that they thought it would have brought the price up. Drew said they didn't have any money to pay IR, and for any work. Mike the geologist doesn't even own a single share ... he sold everything. I spoke to Drew many times and 50% of the time he was drinking and had even admitted it .
I'm sure Drew told you of the 1 for 50 reverse split and that it is a shell so give it up and move on.
The rumor is starting to fly that MGGV scored big on the Lamborghini deal. I am looking at buying back into this if the news proves out. Any public trading of the Lamborghini merchandise stock would give MGGV a big score.
He probably had a ton of shares. If you lost that much money, you'd probably drink too.
NEW RECORD LOW! and Drew is an alcoholic
How many property MGGV hold (like GWGO did at http://biz.yahoo.com/pz/061103/108066.html)?
Drew's kids sold 8Million shares and that was before he told me they had 210 000 000 o/s last month.
Is 89,800,000 the right OS?
http://www.pinksheets.com/quote/company_profile.jsp?symbol=MGGV
Outstanding Shares: 89,800,000 as of 2006-05-19
Estimated Market Cap: Not Available
Authorized Shares: 500,000,000 as of 2006-05-19
Haven't a clue. Trying to predict a target price is useless when it comes to stocks, especially penny stocks..there are too many variables, IMO
Drew,their IR guy-INTOX CENTER.Looks like he's in rehab for a while.
This one keeps dropping through the floor lately as there is no buyers into selling as the company refuses to put out anything that makes one want to buy the stock while also having no way to contact management. Recent joint ventures and sales commisions need more open communications to understand impact.
Memphis Guy, what is the target price based on your prediction based on 1/3/12 months?
Their IR guy Drew is in Intox Centre in Ontario for an alcohol problem so you won't hear much from them any time soon.
This one is amazing that we even considered it okay at plus 10 cents. Now it can't even hold .003 or 3/10ths of a penny. Actually a penny cost 3 cents to make so way less than a penny,lol.
Making another new low. Nearing zero value-or toilet paper value.
That iz whi the call mi hihfive
IMO you have to be high to think this is going anywhere. That clear it up for ya?
smoking? taking? what do you got to say foryourself?
Eyyy Vato, man i see this is down and out but might turn around in the future. What do you think ;0
Most of the mining plays on the pinks are in the same similar stages, sit and wait while they get their act together and the mining starts moving in the right direction. Patience is necessary when trading these mining plays.
Patience is key with a stock like this..MGGV is trying to find direction, rather than total silence from the company I appreciate the efforts to keep shareholders informed. Yes, and even when deals fall thru!
Yeah good to see you Fuse, I have been big boarding it the last few weeks! LOL and with some success!
They lost the Monster silver mine, and now it seems as they are hustling and bustling to get some things done, the Lamborghini sounds interesting.
Hey Fuse, glad to see you are on this board. Can you tell me what is going on here?
Gold deal is dead.Water deal is dead,and it traded as low as .003 today (new record low). No one works out of the office any more. Something is not right.
Anyone have a working email for these guys?
Got a flight to catch. See you guys later.
"Michigan Gold Mining Investments Inc. (PINKSHEETS: MGGV) has received one and one half million (1.5 million) common shares of post consolidated Rima America Inc. for bringing the two parties, Grofeed Inc. (GFDI) and Rima together. Rima Inc. is a twenty-year-old Italian fashion manufacturer which has just negotiated an exclusive marketing agreement with Lamborghini to market its fashion products in North America. "
This might be big.
Correct they took a different direction with water venture and other joint venture. Trying to broker deals as we have seen also. Hard to figure out valuation as eveything is spread out in so many directions. Need them to lay it out in a clear way.
The Mine deal fell through I think the owners of the original mine jacked the prices up.
Seems like they picked up $400,000 in stock commission on the merger of GFDI and RIMA. GFDI's stock is .006(flucuates so could double depending on the day) will reverse split 42-1. Will be worth about 25 cents a share. MGGV is getting 1.5 million shares comission or about $400,000 in value at the merger closing time. That's about the current marketcap. They also claim to have some joint ventures going per the latest pr's if they are telling the truth seems like some value still here but need to open some communications.
The conference call was rescheduled 3 times.They have no money left in the coffers, and the Peru mine was not theirs at all.It was just so Ben could dump his shares. He has been in Europe visiting family for a few months now. The company has no more Ir firms. Have you noticed they don't return phone calls any more. It doesn't help that the Drew guy just talks about going out for a beer all the time.
I agree one conference call letting people know what's happening with company could raise the price of this stock dramatically with the low OS. Not sure whats his problem. Company Market Value at 90 million OS is $450,000(OS not confirmed in awhile could be somewhat higher). Not sure previous posters calculation on the the just announced deal could be $4 million-that would mean the book value of this company is 10 times higher than the current stock price is valuing the company. Can anyone else confirm that $4 million number.
I keep asking myself the same thing.
What happened to the conference call?
Agree and I like ur QUOTE : Overachiever: "The problems of the world cannot possibly be solved by skeptics or cynics whose horizons are limited by the obvious realities. We need men who can dream of things that never were"
My quote on each post:"
Maybe they re-invest it or try out some share buy-back program.
I may have to agree with ovrachiever on this one, it seems as though that was my calculation as well - they will make something upwards of $4 million on the deal. If things aren't going too well on the mining end of things, this is a key way to snag some revenues and re-invest. We'll see if the compay says anything as to how much they actually received to "broker" the deal and whhat they are going to do with the money.
Not as far as I have been able to ascertain. They own a few mining properties.
Is this a shell?
Followers
|
12
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
1923
|
Created
|
05/23/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |