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As I recall an NI 43-101 doesn't cost much in the scheme of things. Doesn't take too much time to complete either. I would think that Fabio has the professional contacts to get something going. He has all the work/sampling done already at the site to look at. We'll see dilution moving forward.
Again, just our luck that we get a "hangin'" judge on our SEC case. Obviously still not happy about the SEC/judge decision...ha ha
what suspension?
Suspended until 11/12/2015 09:38:23 PM
lol, maybe our mentioned (former) board resident wouldn't be so amused about that.
I say: Great idea :)
May be they can send the letters to their leader or sue him????...........:)........no money there.
Yes.......I agree and that is how I see it also.
Yes...they ran out of patience and let one individual incite them over and over and over again. that is a major problem with these boards . uninformed investors panic when someone brings up any and all imagined transgressions of management that have no basis of truth.
Some people get there friends involved in these stocks and when things don't workout in their expected time frame , they bash management and shoot from the hip blaming any and all that disagree with them to save face... nothing to do with reality.
Now management needs to get a NI 43-101 to attract "outside investors" then Fund SLTA , and get relisted.
https://en.wikipedia.org/wiki/National_Instrument_43-101
JMHO
Every one of those shareholders who clearly didn't realize the can of worms that was opened when they asked the SEC to investigate should have by now sent letters to the SEC and judge to not punish them with revocation. They simply wanted the SEC to light a fire under GL to move SLTA forward with financials, etc. They didn't want to be punished. But I'll bet few have requested the SEC to reconsider. They stupidly caused this and proved the saying "be careful what you wish for".
Gappa, thanks for the info. That's good and it means not much hassle for us and just more patience and finger crossing. Fabio has been able to attract investors and make deals a number of times including selling assets as well as GL, Ambrian and GTS. So I have more confidence with him free to deal than with GL calling the shots (which stalled everything for years)
I have another company that was public go to the "revoked: status........my shares are still in my brokerage firm and they are still held there. You don't have to do a thing about it. The brokerage firm has all the records of when you purchased the shares and all shareholders shares will not be disposed of or tossed out by your broker. So what ever happens in the future..........that is where our history and purchases are. We are fine and recorded and any future changes to our positions will be taken care off by them as always. I think we don't have to worry about that.
It is really not a mess from the accounting point of view.In fact the other company had a reverse split when they thought they had new financing. That split showed up in my account........and we where still "revoked"and private. Somehow al lot that was taken care off, but sadly the money of the deal did not come through......but the split and those shares are in my account an all of that word. We are good and every on record is in the same boat.
I don't know what people with the actual share certificates in hand do with them now? .....(such as people who did private placements.) or in the future when they announce a deal.? I guess if they go pubic again they will have to take those certs to the new transfer agent..........so in a way, they will have more paper work to go through, than those of us who have our shares held by our broker. Of course those with certs always will be able to wipe appropriate areas if all of it goes under............the rest of us will have to us our hands, since we only have electronic certificates held by our brokers...........but I am staying strong and don't think we will see the last option.
ShawnJon Thursday, 07/02/15 05:01:18 PM
Re: None
Post # of 5425
The SEC got enough complaints....
They had to do something. Now, lets hope it's not another 8 years waiting for a drill-program. Let's hope this is a lesson to management, there will be complaints filed if the company is not run as per SEC rules. It's ridiculous it had to come to what it did to get the company reporting. The good thing, once a company is "red-flagged" by the SEC it stays on the SEC radar for quite sometime.
The next time if/when SLTA screws up it will be swift action and costly. We all better hope they stay in compliance now.
SJ.
Dr. Fabio never gave up raising money and he is still hot on the trail of new financing plus others !
I agree we have a FULLY COMPLIANT company that was delisted because those RANTs stirred up ignorant shareholders that were panicked by SJ....
We all knew this was a shakey investment begore we bought in. I am not deterred and I believe we will have new financing and what we need is a NI 43-101 for "Outside Investors " to jump in.
From what I understand there were a lot of complaints that were sent to the SEC , and that's why the Judge revoked it.
SLTA is not dead , and will raise again IMO
Keep the Faith.
IMO
So with revocation, do those of us who do not have share certificates need to get them from SLTA?
I guess the ticker goes away at final revocation so what do our brokerage firms do with our shares?
What a mess! This judge really screwed us.
And again, SLTA/GL came up with big $ to become current and would not risk the threat of revocation if they are late filing again. Just common sense. But this judge ignored the effort it took to become current so fast. Ignored the investment. Ignored the current shareholders. I'm sure GL was as surprised as I was of the judge's decision because of course they wouldn't have thrown away all that money getting current.
This judge is terrible and the SEC screwed us too and I wish they never got involved here.
With that said, revocations are not permanent and there is a process to request re-listing I think. But that takes time and I hope Fabio can get something going sooner than later.
Who was that? Love to meet and greet in the street.
Not only that..........we all know who was on the SEC contact rant...........and the rant continues to this day with more BS ideas.
I have to agree that if someone contacted the SEC then that person should have known that it was opening a can of worms. It resulted in our revoked status.
The SEC decided to "help" by throwing the whistle blower under the bus and all of the rest of us too. Thanks for nothing SEC! Haha
I think the sec and judge fd it up here. Revoking a company that just paid tens of thousands of dollars to get current. After spending that money of course they would continue to file on time to avoid revocation. Yet this genius judge thinks it is too rsky to be tradable. It seems like everyone involved is making bad decisions including the sec, judge, GL and Fabio. Hopefully Fabio can make it up to us with some sort of miracle deal.
Mono I believe that GL is in financial trouble with other mines, Iron Ore prices are down etc. I guess they couldn't fund any longer . that's all .
I am Positive of the future.
JMHO as always.
You are right, delisting this ticker is the opposite of helping investors. What is really going on? Probably no on the board would believe my theory, nor like it, but one small hint.
There are only 101 gold mines in production around the world, inside public companies.
Only 101.
Gappa I think we will be fine, just a little frustrating right now.
I am positive about the future.
IMO
gappa I agree with you 1,000,0000 %
They got what they wanted , now they screwed themselves and us.
The only thing complaining to the SEC did was get SLTA delisted.
There were people working on financing from other sources other
than GL.
The only thing anyone had to do was to call Dr. Fabio and he
would have explained what they were doing.
If there was any fraud or misrepresentation of anything I would
have been the first to sue. My Securities Atty worked for the SEC
for 20 years as a prosecutor he is eminently qualified to pursue
litigation and win. If the situation is justified.
So, I would have had him go after them. BIG TIME!!
Fabio's contact is on the website 1-303-800-5752 just remember he is 6 hrs ahead of us (Italy) on the east coast or more as the you go west in the US.
Someone on this board instigated everyone to complain to the SEC
and the only thing we got is a delisted company that was FULLY
COMPLIANT after all this time!!!!!!
Complaining , Instead of sending letters of support For SLTA to the SEC.
I am really angry that my stock is for the time being untradeable.
All the same hard work by Dr. Fabio and others to find other sources for financing WAS is STILL going on and will continue until he and others are successful Its Just with no Bid or Ask just makes that effort to find more funding more challenging.
The delisting is not permanent !!!!
JMHO
Sorry to hear that this was revoked I had a pretty big position. It certainly seemed like a lot of bumbling was going on, I bet a lot of that had to do with dealing with a private company.
More to come regarding these guys...
Buck up or stfup k. Thats where its at Dave P K.
Talk to Dave Parfitt & Carlton Parfitt
They brought the shell public. Dave apparently can fund and\or find a jv partner Lol...604 685 2300 call ask how they will pull it off ...
"I personally trust Fabio to bring this home. His credentials speak for themselves"
Lol ENZR = dieng SLTA = Dead CGFI = Dead ORRV = DEAD Nice track record Lol
Yah Fabio might "bring it home" kinda like Eureka; sell it to another public company with interest in his private companies. Gee.. the Mexican properties went that way to Lol Living in denial must be bliss!
Gold in exchange for shares.......that is a novel idea........I like it.
Any deal Fabio can swing is better than what the stock is worth now. But very hard to sell private shares so this will take a while. Again, at least Fabio can communicate via the website without compliance issues. We will probably be more informed in the next several weeks than we have been in the last several years.
I wonder if I can go to Argentina and scoop up some gold in exchange for my shares? Haha
Speculate on what you like....
To be honest, at this point, I could careless what SLTA does or doesn't do. If the cert I have is worth something one day, great! If not, oh well. Win some lose some. I wouldn't be a buyer or ask anyone around me to be on this deal no matter what they do. The deal from the get go was managed poorly. I don't see that changing neither did the SEC hence where it sits now.
On that note...Good luck all. I think you are going to need it here. Cheers.
guess it's all in how you read it
Goldlake didn't necessarily walk away from anything. We don't know that for sure. They still own all their shares to our knowledge and we still don't know all the details to what's going on.
WE don't even know for a fact that the deal is dead yet. The press release clearly states that management is currently reviewing Soltera's plan of operation with respect to El Torno project and will be seeking proposals from other public companies for various possible options.
We can't possibly forecast share structure at this point from any "consolidation" and we have to wait before we jump to conclusions.
Goldlake is a private company and as such we don't know what that $200M was or was not used for. They have other interests besides gold, mainly iron ore and cement.
WE have to wait to see how this pans out but I personally trust Fabio to bring this home. His credentials speak for themselves.
If I read it right?
They actually came up with $178,000. I guess GL got tired of throwing good money after bad and walked away. They have an IPO coming up. They may write the whole thing off and carry on with other projects. Who knows.
For whatever it's worth we know where the deal is now. Dead. No point in trying to spur-on a dead horse. It's frustrating watching something so promising turn into such a mess. I can understand everyone's frustration. Nobody invests looking to lose money.
The word "consolidation" as an option should have everyone in the retail float worried. There is still a possibility of many things here, ending up with piddly amount of shares is a real one.
The fact GL did a 200 million dollar deal in Honduras recently doesn't sound like a group hard up for cash or incapable or raising money. I think the problem rests where it always has and still does.
Gappa you for real? You go from suing to you've seen the light Lol
Good grief. Chill out. Go buy a telecom and be happy : )
gappa2 Thursday, 10/08/15 08:29:00 PM
Re: ShawnJon post# 5225
Post #
5230
of 5395 Go
Shawn..........will you lead us and get a list of shareholders so we can sue gold lake. This is BS and was done on purpose to screw all investors and get the proper for cheap with us out of the way........IMO. I have lost lots of money on this. I am pissed.
I don't have any confidence in a lawsuit mentality at all. It is s failed policy that will not help us investors one bit. It is obvious that Gl just was not able to get the moneys over the years. That is obvious and known. It has been Hard times for us because of that.Teh whole industry has suffered because of the hard times in the gold area. All of this is self obvious as state often and that is proven by all the late filings......no money.....That is not grounds for winning any lawsuit an does in no way show a crime or deception.
I am encouraged that the GL stepped down from the board. That action proves my point of the new possibilities here now in this stock that action is saying that management has GL support and they will no longer impeded with promises for $$$$ that they could not keep. That is extremely positive outcome.
GL looks like they or someone paid for these excessive cost of dealing with the SEC. and getting the filings up to date. Not cheap ....... they tried to get this fixed but it looks like they ran into a "hanging judge".........bad freaking luck, but they had to try and did try.
IMO........ the SEC did not save any investors at all with this move of interfering with SLTA and with the current investors in order to protect some "Hypothetical" future investors .....Really? You got to be kidding........ talk about an insane conspiracy........you have one there ....IMO.
So what does management do when faced with such utter BS?? Your are screwed indexing with such unfair and unreasonable power hungry. What do you do? spend more money with little hope of reversal and even if you win, You might be still restricted from trading for a year or who knows what els they will throw at you? Too much of a gamble on a move that would just make you broke possibly and not allow you to spend your limited money where it needs to be spent. You would have to spend limited money on an insane battle which would cause more delays and actually fatally do you in .....if you can't pay of real the excessive filing cost of all the future filings. Too risky ...........IMO
This option that SLTA management has now taken is the best thing they could have done. They did the right thing today because they really had no other option with limited funds. this action proves integrity and concern for al shareholders.They have kept us alive with a chance of really hitting a home run here. The other way we would have probably died and not had any money to get at the gold......which is what we al want. We want the gold!!!......and if we get some luck here we will do it.
They have my vote of confidence. I feel confident that they are all trying to do the best in a difficult time. I am please that they locked up the property. That is great an amazing and money well spent VS money spent on lawyers and endless bureaucratic BS. We are working to move forward now with a good chance of success......yeay!!!......double Yeay........
We as investors have a chance now too really profit here. I have never seen lawsuits and that kind of action make any money. You can't go after a property you did not have yet and I am sure GL can prove they had no moneys. So a lawsuit based on conjecture is just folly and frivolous.
IMO........Your constant foaming at the mouth to get some kind of revenge and always seeing plots and conspiracies is off balance and smacks of just a plain ego pissing contest because you are mad for being ignored. Well.....I can understand why ignoring makes sense. Negative behavior make people ignore you.
You said yourself you have made money on the stock and are at no financial loss.
So you want everyone else to do your revenge work when you will gain nothing from such legal action, because you stated publicly you where not harmed and made money. So you are not speaking for me or others really. ......so who and why are yo speaking? Your persistence with this theme will not help my investment and the rest of the shareholders at all.
I suspect you are out of the stock as you said you where, since just last week you stated here that you where trying to buy some stock on the cheap. .....since it looks to me like you have none left........Hmmmm?
In any deal that becomes public you will be out of the stock it seems, since you have no way to profit right now from any possible good news such as a merger as the PR says they are seeking. It will be too late for you to act after news comes out..........IMO. I smell sour grapes and disingenuous motives with your constant rantings trying to stir up troubles here and sway perceptions for personal benefits of unknown movies.
You'd are not speaking for many and your pushing of this lawsuit agenda will not help those here who are still strong and long and have been so for a long time. You are interfering in our investment.
Looks to me like you are out , mad and Sad...........that is what a negative attitude does. It makes you miss the boat. Missing the boat makes you no money here.
The positive investor will benefit in this stock. I think after todays announcement we have a good chance and we are current in our filings and even ahead with the filings. That is exceptional news in itself. This funny unexpected turn of events that no one could really predict, I think will work in our favor now. No more internal financial conflicts any more. Just hope for the future and that future is briming with infinite opportunities.
These new conditions open up all the options again....... now that GL is just a stock holder like the rest of us. IMO .......That will help any new investor wanting to deal with SLTA now excited since in a way the coast is clear. This PR is telling the Truth and SLTA is under good management. We now have a good change of success.
You will just have to buy back in after any good the news..........Nothing wrong with that. Stay positive and you will make more money.
So probably it was GL who put up the money to pay the options. Who else, right? According to Fabio, they came up with $80k for the financials and maybe that included some option payments.
GL, like us, continues to hold its shares in what is now basically a private company. So GL continues to have the same interest in El Torno as before, right? Just without the public fiduciary responsibilities which they have proven to be incompetent performing.
They decided to stop wasting money on compliance and maybe they continue to try to fund El Torno. But the fact that their 2 BODs resigned is not good for this scenario.
Now that Fabio is running a private company, he should come clean with investors asap. No lame compliance excuses like "quiet period" or "inside info" which have no meaning for a private company. He needs to spell it all out, every detail of slta's chances to exist and succeed. No bs. If he continues to be mysterious about our status then it means he is scamming us imo.
Full faith and confidence , he will lead us profitability .
The best and the brightest don't end up....
With now potentially a second lawsuit. Revoked off the USA stock exchange.
Dumped by a major partner. Burn through over 4 million dollars and have only channel samples to show for it all.
What the SEC did was out of principal. Protection for the investor. There is nothing a sane shareholder would be cheering about right now.
Dr.Fabio Has my full Faith and confidence.... is the Best and brightest , mover and shaker.. SLTA UP,UP,UP SLTA GOES !!!!
I agree....
Hoping to fade away with out notice. Fraud isn't the only grounds for a lawsuit. The federal government SEC revoked the shares for investors protection. If that isn't damage, What is?
With Goldlake in control of the BOD I think there will be a lawyer willing to go after the current CEO and GL. If SLTA owns the property there is an asset now to go after. Time will tell.
They strung us along that financials were nearly completed publicly several times so we wouldn't divest.
Nobody but they know what their intent was. That's why there are court trials to get to the bottom of it. It will cost slta/gl a lot more than $80k to defend themselves.
This latest news release may just be part of their scheme to fool naive investors one more time to avoid a lawsuit.
Now your talking.........see it is working already. You are good at this...........I knew you would be.Todays news is positive and I am excited by it.
I like 10 years ago I had stock in a company called Birch Mountain in canada. Symbol was BMD.....it got halted for over a year because they where making claims about nano gold on their properties.
I never gave up on thinking good on that stock. Out of the blue one day they got re-listed and found a limestone on their land. Limestone???........who knew and who cared?........anyhow I load up at .10 cents after taking an initial beating when I first got in at two dollars and then the halt.
I ended up making 750xxx big ones and having been on a party since then. This is going to be my next be one.How do I know? I just feel it and I just say it will be.
I know it is not logical and breaks all newtonian paradigm reality concepts........but those concepts can be broken and do not work in fact. What you hold in mind manifest.........that is how powerful you are.
I have no interest in preaching and selling anything at all .Just a way to make money that you can try and it is free and easy and does not require any tums pills for the belly.........IMO
I will give it a rest after this and I know you will appreciate it as I appreciate your young and check sarcasm in this post.
Chau.........
Clean I think GL just got onto financial trouble themselves and couldn't follow through with their plans with SLTA that's all !
with these tiny companies a gargantuan amount of patience is
needed . in my opinion
excerpts from profile from Bloomberg
He has a distinguished international mining career spanning over twenty-five years. Included is senior experience spearheading advanced exploration and mining activities for a host of internationally recognized exploration and mining companies in North, Central and West Africa, South America, Europe, Canada and the United States. Dr. Montanari's responsibilities have encompassed various mining engineering, operations, pre-feasibility and general management positions, including business development roles at the corporate management level. He is the author of a textbook on economic geology, which has been adopted by several major Italian universities. Dr. Montanari holds a doctorate degree in economic geology from the University of Ferrara, Italy.
=========================================================
Just doesn't sound like a fraudster to me, IMHO
msgbrdinfo
making bad management decisions that hurt investors happens all the time. Was it the INTENTION to defraud investors? I don't think so, IMHO
All don't listen to a major poster on this board , they don't know dick. I have been investing in stocks for 54 years and have seen this before and the companys became a raising PHOENIX and made a lot of money and I will make a fortune on SLTA and so won't you when it does its Lazarus revival . IMO
GO DR.Fabio....... "Lazarus Come Forth"
JMHO as always
The judge just said that investors have been harmed by SLTA.
SLTA publically stated more than once that the financials were nearly completed and then did not deliver.
They claimed to have no money but the judge/SEC pointed out that when threatened with revocation, the money suddenly appears which shows that management simply wanted to keep investors in the dark while stringing them along with promises of financials soon.
I think it's a slam dunk after what the SEC and the judge said.
We'll see who's right if this latest press release turns out to be more b.s.
With that said, where's Ambrian or GTC? ha ha They probably could get involved at very low investment.
I am still excited this is great news I told you all, any company has many options available to them, whereas there wasn't an fraud or misrepresentation , just ran out of money. So anyone that can help raise money contact Dr. Fabio. JMHO as always
This is going to be fantastic !!!
Were in the MONEY , !!!!!!
msgbrdinfo
Look, I'm not a lawyer but Investor law suits must show “cogent and compelling” evidence of intent to defraud. Fabio is a respected Geologist with an unblemished past that I personally find hard to believe would have the intention to defraud. IMHO
cleangold, yeah, I agree to a certain extent but we have to see action and not just words. We've heard the hopeful words for years and nothing has happened but revocation. Let's see what transpires now that we own shares in a private company. The options payments are interesting and I wonder where the money came from.
So we can't trade our shares after revocation(no ticker) but maybe it works out. We'll see but the shareholders lawsuit is hanging over Fabio and GL now so they better do something soon.
looks to me like
Fabio is making the best of a bad situation. With the resignations and his reinstatement it gives him control of ongoing events. The option payments on El Torno and imminent purchase of the property are very positive. Also, if Fabio can cut a deal with a merger or maybe roll into a shell, it is more expedient than the process of fighting the SEC. Doesn't look like a company about to go under to me. Let's give credit where credit is due IMHO
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Soltera Mining Corp. (PINKSHEETS: SLTA)
Soltera got the FINANCING for up to US$ 21 MILLION!!
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001393905-14-000098.txt&FilePath=\2014\03\14\&CoName=SOLTERA+MINING+CORP.&FormType=8-K&RcvdDate=3/14/2014&pdf
Corporate Presentation (May 2013):
http://www.solteramining.com/wp-content/uploads/2013/05/Soltera-Mining-Corporate-Summary-May-2013.pdf
Audited Financials:
Fiscal year 2009
Fiscal year 2010
Fiscal year 2011
Fiscal year 2012
Fiscal year 2013
Share Structure:
Date | Total Outstanding shares | Total Restricted shares | Total Non-Restricted shares |
---|---|---|---|
March 31, 2010 | 66,898,333 | unknown | unknown |
July 5, 2010 | 73,833,960 | 47,268,960 | 26,565,000 |
Nov 15, 2010 | 75,833,960 | 49,268,960 | 26,565,000 |
May 14, 2012 | 86,834,464 | 60,269,464 | 26,565,000 |
September 15, 2012 | 91,834,602 | 65,269,602 | 26,565,000 |
January 18, 2013 | 97,167,927 | 70,602,927 | 26,565,000 |
June 1, 2013 | 98,167,597 | 71,602,597 | 26,565,000 |
Transfer agent for Soltera's common stock is Empire Stock Transfer Inc., 2470 St. Rose Parkway, Suite #304, Henderson, Nevada, 89074 - Telephone 702-818-5898.
Project Financing: GTS Gold Trading Services DMCC, Dubai/Switzerland
In February 2014, Soltera entered into a financing agreement with GTS Gold Trading Services DMCC. GTS invests up to 21 million US$ to explore El Torno, get the financials up to date and purchase two other gold properties (5 million initial financing, 16 million in warrants).
ref.: 8K filed with SEC by Soltera Mining March 14, 2014 for details of Financing Agreement
Flagship Project - El Torno
The El Torno property contains a large near-surface gold-quartz vein up to 14 km long that was historically worked in turn by the Incas, Jesuits and Spanish who left behind more than 1,000 m of underground galleries.
The vein extends north-south, is sub-vertical, and is accompanied in places by a stockwork system of small quartz and pyrite veins that can extend up to 300 m from the main vein.
Results of the 2012 Exploration Program:
Soltera Mining Exploration Program Produces Very Satisfactory Results
8-K with details of the acquisition of El Torno: 8-K
sec.gov
http://www.solteramining.com/sec-filings
Ambrian Lawsuit
Soltera Mining Files 2013 10K Annual Report with SEC
JUJUY, ARGENTINA - August 08, 2014 - Soltera Mining Corp. (PINKSHEETS:SLTA) announces that its Form 10K Annual Report for the fiscal year ended October 31, 2013 has been filed with the SEC and is available for review on the SEC EDGAR website as well as on ...
Soltera Mining Files 2012 10K Annual Report with SEC
JUJUY, ARGENTINA--(Marketwired - Sept. 30, 2013) - Soltera Mining Corp. (PINKSHEETS:SLTA) announces that its Form 10K Annual Report for the fiscal year ended October 31, 2012 has been filed with the SEC and is available for review on the SEC EDGAR website as well as on ...
Soltera Mining Files 2011 10K Annual Report with SEC
JUJUY, ARGENTINA--(Marketwired - June 18, 2013) - Soltera Mining Corp. (PINKSHEETS:SLTA) ( www.solteramining.com ) announces that its Form 10K Annual Report for the fiscal year ended October 31, 2011 has been filed with the SEC and is available for review on...
Weekly View
Barchart.com - http://quote.barchart.com/texpert.asp?sym=SLTA
OTC - Markets - www.otcmarkets.com/stock/SLTA/company-info
Free Gold from El Torno Gold Production Plant
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