Nevada Gold Corp. (fka NVGC)

[FedUpToHere]

I know of no specific promotional material. Take it for what it's worth -- Pumps and Dumps has a write up on this one that spells out the promo players. What does seem to be fact tho is that the SEC is jumping on promotions these days.

[baomike]

For those who would like to see what the mine looks like, it is at:
41.752682 n 115.648979 w
Google earth or maps will show it.
Be aware that the image is from 2010

[Hedge Starz]

I have seen Nothing wrong with the wording of the Press Releases, and they have ONLY harmed actual shareholders at this point. This seems like absolute BS from the SEC. unreal

[Hedge Starz]

Do you know any specific materials that caused this? I didn't think an outside promotion could end up inflicting an Actual Company. It has to be the COMPANY and not a minority shareholder. This makes no sense.

[baomike]

I can't believe that anyone doing a bit of research would not have been very suspicious of this company. Even if you knew nothing about Nevada and gold mining it had warning signs. Some of which I posted. It was lost amoung the "Happy Talk", no doubt. Which in it self, is a BIG warning sign.

[iamnottheone]

I hope it was an error, I don't have a lot but I am still holding.

[Vulcan4]

Thank you..

[AnG5640]

Unfortunately no. We've all been burned at least once when starting out...... Call it your "tuition" and learn as much as you can so you don't get stung again......

[flaflyersfan]

I think it was the unnecessary overuse of copyrighted images without the express written consent of Warner Bros and the Disney Corporation that drew the attention of the SEC. Cost people fortunes who bought and held NVGC stock.

Good luck.

[ChannelTrader]

It will be a grey for a long time and to be honest will probably never recover.

[ChannelTrader]

Same here...I've had my fair share of halts over the years...

[FedUpToHere]

The SEC is doing this to protect future investors from getting whacked. As far as the SEC is concerned, you made a willing choice to jump in and thus have to deal with the fallout. GLTY.

[FedUpToHere]

Sorry, but that is incorrect. This stock will go grey, and it will go grey in a couple of days. There will be no early end to the suspension -- any opportunity the company had to correct this was over with before today's action.

[FedUpToHere]

That's the first time I have seen wording in a suspension notice specifically directed at promotional materials. With all the recent suspensions, it looks like the SEC is trying to take out that side of the equation. They won't get them all, but I'd be damn nervous about playing promotions these days -- and I sure wouldn't hold overnight.

[KnowProphet]

you should read the info in this link too, because you are kidding yourself if you believe that:

the-sec-just-suspended-my-stock-now-what

[jerseyfish]

The management of Nevada Gold Corp made statements in their Press releases that if true would make this company a dynamite company. I had no reason to doubt them but the SEC has doubts and that has to be ironed out. We must wait and see the outcome.

[Vulcan4]

Thanks, bud.....I appreciate the concern..

[baja863]

I've lost more money to the SEC than i have to any penny stock scam. I wish they would quit protecting me as they say on there FAQ page about suspended stocks and that statement is right next to, they don't notify public of investigation because they know how damaging it is to a company if they release that information.

[KnowProphet]

Here's some information to read through- can't promise it'll make you feel better, but at least you'll be informed. Good Luck


the-sec-just-suspended-my-stock-now-what

[jerseyfish]

This is a shock but all is not lost. The company has 10 days to reply to the SEC and depending onwhat transpires will determine the outcome. They could be reinstated or go the other way and its the Gray sheets. We have to wait and see.

[alchemytrader]

Im sorry brother. Weve all been screwed on promos before. Let this be a learning experience for you.

Hopefully you didnt have too much in it. Heres a beautiful sad song, if it makes you feel better.

[alchemytrader]

It means youre screwed dude. Consider 99% of your money gone. Sorry man.

[beachlover]

No sorry my freind. This is ugly and bad. I feel bad for you losing all of that money.

[Vulcan4]

I am new to this. Is there ANY chance at all this wont crash as bad as I am thinking?

[kentonmag1]

That is the chance you take playing the Pinks/OTC markets. Every pumped stock is basically a scam.
Read this from last nights Pumps and Dumps dot com article.

Spam email promoter, Stock Castle, and its varying partner newsletters with names like Wall St. Penny Advisors, Hottest Penny Stocks, Obscure Stocks and the more recently formed, Penny Stock Profitz, have been promoting Nevada Gold Corp (NVGC) for a couple of weeks now. Up until Friday shares were climbing steadily on heavy volume, in about as controlled a dumping as one will see. We all know where this one will end up, which is in the tank, along with past major schemes from these touts, like WILD, USGT, BRND, IDOI, MSTG and so many more.
Spam email promoter, Stock Castle, and its varying partner newsletters with names like Wall St. Penny Advisors, Hottest Penny Stocks, Obscure Stocks and the more recently formed, Penny Stock Profitz, have been promoting Nevada Gold Corp (NVGC) for a couple of weeks now. Up until Friday shares were climbing steadily on heavy volume, in about as controlled a dumping as one will see. We all know where this one will end up, which is in the tank, along with past major schemes from these touts, like WILD, USGT, BRND, IDOI, MSTG and so many more.

As with all of these long term promotions which are headed up by a single group of newsletters, from time to time, the run up will be interrupted by a massive sell-off, instigated by the promoters and their clients themselves. The sell-off, which is usually followed by screaming accusations of "damn shorts" in "crying wolf" style, is in order to keep interest in the targeted stock high. For one thing, those who are already holding the stock are less encouraged to sell, as they might have been inclined in order to lock in profits had the shares would have been allowed to continue climbing unabated. For another thing, new buyers might be less encouraged to purchase stock, if they feel that the share price has run away from them. A retraced share price offers new hope to a new generation of dupes.

Stock Castle has perpetrated this trading pattern successfully over and over again. Best Damn Penny Stocks is another long term promoter that invokes this style. The recently defunct, Awesome Penny Stocks was an expert at it.

As if taking the public's naivety for granted in order to reap ill-gotten gains wasn't bad enough, the newsletters now would like you to believe that they expected Friday's sell-off all along.




We take particular note of the opening comment, "The expected correction has finally happened and it is presenting a great buying opportunity!" Really? "Expected correction"??? Well somebody forgot to tell us that it was expected. And if the sell off resulted in a great buying opportunity, then didn't we have a great selling opportunity ahead of the dump? Nobody told us about that either.

Actually, the email that had been delivered to subscribers' Inboxes just 5 hours earlier, said everything to discourage us from believing that a correction was expected.




In fact, the earlier email starts out with the question, "Is $2 Next For NVGC?" There was no questioned posed along the lines of, "Is a correction next for NVGC?"

Near Friday's close, NVGC put out a press release disavowing the promotion campaign on its stock and claiming to have nothing to do with it. That release was probably preceded by a phone call from the SEC, who has begun to take actions against promotions making outlandish predictions such as this one does. We're going to take the position that the company and it's officers and directors are lying in that press release, and state unequivocally that not only did they know about the Pump & Dump campaign in advance, but they had a hand in funding the campaign, likely with the aid of IR service provider, Small Cap Voice, who is admittedly being paid by the company, and is disseminating emails concurrently with Stock Castle.

[Vulcan4]

10k

[KnowProphet]

I'll sum it up for you- I'm very sorry for your loss. It's a terrible thing to have happen

[Churak]

and when it does open, it will be on the GREY sheets - see iBox for info here - http://investorshub.advfn.com/Grey-Sheet-Grey-Market-Stock-Info-Board-3459/

[Vulcan4]

WT???????????????????????????????????????????

[beachlover]

Just about most of it. Thats why the SEC jumped it.. Check out the board on FVSTA and see how they fared when that stock opened back up last week.

[kentonmag1]

Yes a 90% drop is the norm, and it could end up on the Greys where curtailed trading and huge fluctuations between buy and sell prices are also the norm.

[Vulcan4]

so i just lost all my money in that stock?

[beachlover]

It means once it opens in 10 days it will be down 90%.

[Vulcan4]

So, what does this mean????

[Renee]

The SEC alludes to "promotional material" which suggests the SEC is aware of promoters of NVGC.

Promoters may want to take heed!

Excerpt:

The Commission temporarily suspended trading in the securities of NVGC because of questions regarding the accuracy and adequacy of assertions by NVGC, and by others, to investors in press releases and promotional material concerning, among other things, the company’s assets, operations, and financial condition. This order was entered pursuant to Section 12(k) of the Securities Exchange Act.


http://www.sec.gov/litigation/suspensions/2013/34-70950.pdf

[kentonmag1]

The Sec is finally showing BALLS on scams like these.

[monda2frida]

WHAT A FREAKING JOKE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Renee]

NVGC SEC Suspension:

http://www.sec.gov/litigation/suspensions/2013/34-70950.pdf

Order:

http://www.sec.gov/litigation/suspensions/2013/34-70950-o.pdf

[alchemytrader]

NVGC - SUSPENDED!!

[jerseyfish]

Considering a 60% expansion of the Diamond Jim mine property NVGC is poised to go through the roof. Its a sin not to own some shares.

[Hammer1]

PERFECTY STAIR STEPPING TO HEAVEN CHART......NVGC........Hammer

[jerseyfish]

With the world conditions so screwed up the safe place to be is in GOLD and Silver and I chose NVGC for its overwhelming potential.

[homey_g]

Once the assays results hit the street, NVGC will really move!

[roger wilco]

NVGC off to a green start this morning in the pre~market!

Nevada Gold Corp (OTCQB:NVGC) is a publicly traded US exploration company focused on precious metals targets in the gold rich area of North Eastern Nevada. To date, Nevada State has produced over 200 million ounces of gold with Nevada accounting for almost 84% of the US annual gold production. Most recently the company has acquired an option to earn a 75 percent interest in the former producing silver/lead and gold mine called the Diamond Jim Mine located in Northern Nevada State.

[$BABA]

agreed HG. Wait till this really starts to get going
$NVGC

[$BABA]

$NVGC Security Details
Share Structure
Market Value1 $21,420,000 a/o Nov 25, 2013
Shares Outstanding 53,550,000 a/o Sep 16, 2013
Float Not Available
Authorized Shares 125,000,000 a/o Sep 16, 2013
Par Value 0.001

[homey_g]

Loving the PR yesterday...do much more to come with NVGC! Just the beginning.

[roger wilco]

A 60% increase in size of the Diamond Jim mine is huge! NVGC wants the mine to be a huge success.

The size of the property has been expanded by approximately 60% for a total of 53 claims.

[homey_g]

Looks like pre-market activity this morning for NVGC again!

[homey_g]

Good morning NVGC'ers!

Great close yesterday...more fun today!