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Richard dibiase, do your dd on him and you will get away from anything he is involved with. Check out enti/musicmatrix.com. sreh (strategic rare earth metals). But most of all go to lee county florida clerk of court and plug in encounter technologies under court cases and put his name in also
Hmmmmmmm..... IMO, this is not a positive development, with the apparent involvement of Richartd Di'Biase and 33 LTD/33 Financial group/Bermuda/Cayman Islands. IMO, this is a cautionary red flag and warrants new DD here. He has been known to run with Bill Wright, so it does make some sense. Of course, the shares have been halted/suspended anyway.
Greenflag Ventures Inc. Announces Executive Changes
Jul 27 15
Greenflag Ventures Inc. announced the appointment of Richard Di’Biase as President and CEO, and Terry L. Johnson as CFO and a member of the board of directors of the Company effective immediately. Mr. Di'Biase brings over 15 years of capital markets experience to the Company. He has served as an officer, director and consultant to private and public technology and resource firms at all stages of corporate development. Mr. Di'Biase has been involved in the debt and equity financing of micro and small-cap issuers listed on American, Canadian and European exchanges. Terry L. Johnson, CPA, is a US based accounting professional who has been in the public accounting profession since April of 1983. He has been involved with numerous public companies in the role of both CFO and director. Prior to his appointment as CFO and a director of the Company, he served as auditor with a professional US firm. His financial reporting has spanned a wide variety of sectors including technology, mining, film, energy and special situations
Trading still suspended and no word whatsoever out of Bill Wright. Par for the course.
Trading still suspended. Billy Wright must really be hurting right now.
Yup. Just one scam after another, and this one is suspended from trading. CGRA and VHMC, Bill Wright's other current ventures are likewise in the tank, with a lot of innocent bag holders in his wake.
Yep. GFV is going to be a hard, hard sell to investors.
Especially when Wrights other companies have crushed investors.
Billy scamming all I see. Doesn't suprise me.
The shares are still suspended and not trading and they are putting out PR's?
The stock is not even trading yet.
ROTFLMFAO!!!! This looks strikingly similar to a PR sent out by Mr. Bill Wright from CGRA a couple of years ago, if I am not mistaken. I would be very suspicious and do your DD here, IMO.
VANCOUVER, British Columbia, Nov. 13, 2014 (GLOBE NEWSWIRE) -- GreenFlag Ventures Inc. ("GreenFlag" or the "Company") (TSX-V:GFV) (DV1A:FRA), a diversified holding company specializing in capital investment and financial advisory solutions, is pleased to announce the Company has signed an agreement to acquire a 51% interest in the Kouroussa Gold Mining Project in eastern Guinea, West Africa ("Kouroussa").
Kouroussa is reported to host an Indicated resource of approximately 680,000 ounces of gold (NI 43-101 compliant; Source: 2011 SRK Consulting Preliminary Economic Assessment, also called the "Scoping Study"). The property is comprised of exploration licenses that cover 933 km2, with two main exploitation licenses that cover a total area of 16 km2. All resources and areas of more significant exploration potential defined to date lie within the Kouroussa Exploration Permits. The neighbouring town of Kouroussa is easily accessed from Bamako, capital of Mali, within five hours via a well-paved road, with well-maintained dirt roads accessing the Kouroussa claim blocks.
Kouroussa's basement geology incorporates the Siguiri Basin, which is a palaeo-Proterozoic sedimentary sequence. The Siguiri Basin represents part of the Birmian volcano-sedimentary series that dominates the basement geology of the West African Shield. The Birmian Series of West Africa is host to some of the largest gold deposits in the world, including Sadiola (13M oz gold), Yatela (4.5M oz gold), Morila (7M oz gold) and Syama (7M oz gold) in Mali; Obuasi (10.5M oz gold), Bogoso (2.5M oz gold), Prestea (10M oz gold), Ahafo (16M oz gold) and Akyem (8M oz gold) in Ghana; and Siguiri in Guinea (5M oz gold), the latter also lying within the Siguiri Basin.
Based on the work carried out for the Kouroussa Scoping Study, SRK Consulting has made conclusions and recommendations, including the following:
ECONOMIC ANALYSIS
The Project base case generates cashflows sufficient to cover operating and capital expenditure;
The resulting Net Present Value (NPV) is positive and supports progression to the next level of technical study which is a Preliminary Feasibility Study (PFS);
The metallurgical test-work suggests several viable process routes available with gravity and CIL generating the highest NPV at this stage of evaluation;
The option of a heap leach process is being considered and is warranted in the view of SRK;
With the 8% discount rate on the base case process option, the open pit studies suggest that the gold production cost is around US$865/oz.
MINERAL PROCESSING
The Kouroussa material is shown to be relatively easy to process with high recoveries achievable by gravity and cyanidation;
Of particularly note is that the gold is relatively coarse and very high recoveries of gold (>60%) can be achieved by gravity concentration into a high grade concentrate.
Heap Leach (HL) processing is still under evaluation and may be appropriate providing that recovery issues to do with clay minerals and preg robbing minerals are overcome. Samples are currently undergoing column tests by SGS in Cornwall in UK. A HL approach could reduce plant capital down to US$15-20M and process operating costs could be as low as US$5-10/t.
MINERAL RESOURCES
A full review of the geology and mineralization should be conducted at the Kouroussa Project, including review of the methods and parameters used in the modeling of the mineralization wireframes;
A closely-spaced drilling program should be completed in an area of well-defined mineralization, the results of which will provide increased information which can be used for more in-depth geostatistical analysis;
Future infill drilling programs should target the shallower portions of the deposit as current block modeling results indicate the bulk of the resource is located in the shallower portions of the project area.
To earn a 51% interest in Kouroussa, GreenFlag must provide initial project funding and issue Company shares as follows:
A. Pay $250,000 toward the operation of the mining concession over the initial six (6) month period based on a mutually agreeable project budget. At least $50,000 must be paid within 90 days of closing or the seller shall have the right to cancel the agreement;
B. Issue a minimum of 1,000,000 common shares of Company within 6 months of initiation of Project. Additional shares shall be distributed on the 1st anniversary (up to 4,000,000 shares) and 2nd anniversary (up to 5,000,000 shares) based on the Projects success. A successful Project will be one that upon execution of the initial Project budget, the Project returns adequate valuations in the concession to substantiate the initial reserve report. If the concession proves to lack adequate reserves to substantiate the valuation, the amount of stock to be issued may be renegotiated by the Parties.
C. The Project partnership may be withdrawn by either Party as follows: a) the Purchaser may withdraw and cancel the Project if adequate reserves are not proven out. In such case, no further compensation beyond what has already been paid is owed, or b) the Seller will withdraw and cancel the Project if the Purchaser fails to pay the initial investment amount or proposes to pay an amount of stock less that the scheduled amount above.
On behalf of the Board of Directors,
GREENFLAG VENTURES INC.
"William Wright"
William Wright, President/CEO
Email: investors@greenflagventures.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
- See more at: http://globenewswire.com/news-release/2014/11/13/683107/10108231/en/GreenFlag-Signs-Agreement-to-Acquire-Kouroussa-Gold-Mining-Project-Guinea-West-Africa.html?parent=674245#sthash.zA4cy6EL.dpuf
With how CGRA and VHMC (Wrights other companies) are going.
This one is going to be a hard sell.
VANCOUVER, British Columbia, Oct. 17, 2014 (GLOBE NEWSWIRE) -- GreenFlag Ventures Inc. (TSX-V:GFV) ("GreenFlag" or the "Company"), a diversified holding company specializing in capital investment and financial advisory solutions, announced today that the Company has set plans in motion to list its common shares for trading on the Canadian Securities Exchange (the "CSE"). The Company also announced its intention to voluntarily delist from the TSX Venture Exchange (the "TSX-V"). The Company plans to submit final documentation for listing on the Canadian Securities Exchange shortly. GreenFlag expects that the transition between the TSX-V and the CSE will be completed in a seamless manner.
The GreenFlag board remains excited about the Company's prospects and look forward to continued success throughout the rest of 2014 and beyond. The Company is focusing on acquisitions, the details for which will be announced when appropriate to do so. In the meantime, the Company's operations are continuing as usual and GreenFlag anticipates growth and success in the months to come.
On Behalf of the Board,
William Wright
President/CEO
- See more at: http://globenewswire.com/news-release/2014/10/17/674245/10103216/en/GreenFlag-Announces-Plans-to-List-on-Canadian-Securities-Exchange-Delist-From-TSX-V.html#sthash.NiufuXw4.dpuf
Very interesting Mining company here..done some research I think opportunity - JMO
Dead might be a better description. But, definitely still suspended. One would have to believe that the SEC will eventually catch up with Mr. Wright and his cronies, IMO.
It is apparent that GreenFlag is still suspended. Pretty typical for this bunch.
Yes. GFV suspended. Typical for a Bill Wright venture.
http://ih.advfn.com/p.php?pid=nmona&article=63540949&symbol=TSX-V:GFV
Does it matter? All they have to do is file their latest fins and it resumes trading. Much different in Canada.
Wright's new company, suspended?
ALREADY?
THere is a GFV PR.
Have the been suspended..... AGAIN?
I admit. I can't read most of the PR
Got it. I was using the ticker symbol from the 9/1/14 PR announcing that Bill Wright was the new CEO.
Can you provide a link? I have not found a singe service that shows any current trading in shares of GreenFlag Ventures, Inc. including on Canadian exchanges.
203k of volume so far today.
Pps at .065
Bid .065
Ask .07
150k traded between .065-.07.
Averaging around 100k-300k in volume the past week.
Now that we have the three comparative charts, from Wrights other three companies. (posted earlier)
Let's see how GFV ends up trading.
The same as the others? Low volume walk ups of the pps. Followed by months of selling, coupled with huge pps drops?
The eyes are here and watching.
I'm curious how he plays this.
What assets in CGRA? Smoke and mirrors maybe. There is not one shred of evidence of any actual assets in CGRA.
And, where are you seeing any quote or trading for Greenflag Ventures. I have checked the symbol on the Canadian exchange listed in the Sept. 1 Press Release, and have not been able to find any bid or trading activity. Perhaps the symbol was listed incorrectly in the Sept. 1 Press Release. Please advise.
Any lose when you sell. Assets will start to generate more and more revenues. Guess what happens has they start monetize the assets? ;)
$CGRA will be a big money maker. Especially since it's sitting at bottom. Proven by all the charting anyone can provide.
Assets/revs... Paper assets.
All that matters.
Anyone that went long, holding any of the three.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105935541
Lost huge.
So, Bill Wright is now CEO of 3 companies at the same time. How can one CEO manage to run 3 different companies? Why, all one needs to do is examine the the common denominator in every company Bill Wright is affiliated with - Keystone Financial Management, another company Bill Wright controls, owns and serves as its CEO. Each company has historically paid significant management fees on a regular monthly basis to Keystone Financial, thereby funneling cash out of the companies to Wright through Keystone Financial. It is all right there in the history and available DD.
"Pps fluctuate all the time."
LMFAO fluctuate? REALLY?
look at the charts lmfao.
Fluctuate doe not = crash hard.
I look for GFV to preform just like CGRA and VHMC.
The charts CONFIRM.
shareholders took it hard in the pockets holding both.
Interesting than. wright has built $CGRA pretty big. Looks like they went from a nothing shell to a company with huge assets and generating revenues.Pps will go up there as it's sitting at bottom.
Pps fluctuate all the time. All companies large and small have their pps go up and down. Looks like $CGRA is a prime breakout candidate. Just my IMO of course. :)
GFV has nice volume. Trading in the .07 area. Never owned a stock on the Canada exchange before. Will be watching this one closely.
It's about the new CEO and his history.
Sorry, that is very much ontopic ;)
Not one post on this board is about GreenFlag. Interesting.
The facts are easy to find.
Wrights company CGRA. low volume walk up to .17. Nothing but red since. Sits at .01+ with no news since 1st quarter.
Wright company VHMC. low volume walk up to a dollar. Sold down to .01 plus now. No volume. No news.
LMFAO "A couple months later it ran to $1"
Ran? REALLY? LMAO chart shows ultra low volume. There was no run at all. More like painted too $1 would be more accurate ;)
The charts for both confirm these FACTS.
Keep things real
So, Wright replaced The same Ricard Di Biase, a two different companies?
Interesting.
So, Wright has worn out VHMC and CGRA. Now he's moved on, to yet another new company.
LMFAO.
Can't run from history.
VHMC once $1 now .0191
CGRA once .17 now .0129
The DD is out there.
Nope you are very wrong sir. Just a little DD here.
Effective January 27, 2014, the shareholder who held a majority of the outstanding shares of Common Stock appointed Mr. William M. Wright, III as our new Chief Executive Officer, President, Chief Financial Officer, Secretary and Treasurer. As a result, Mr. Andrew I. Telsey no longer serves as our Chief Executive Officer, President, Chief Financial Officer, Secretary or Treasurer. There were no disagreements between Mr. Telsey and our Company regarding the operation, policies or practices of our Company. Mr. Wright’s appointment to the officer positions was effective on January 27, 2014 and his appointment as a director of the Company will be effective 10 days after the mailing of the Information Statement on Schedule 14f-1 to the Company’s shareholders. Mr. Wright will hold such positions until the next annual meeting of our shareholders or Board of Directors, as applicable, his resignation, removal or death, whichever occurs first.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9738520
THe pps opened at .39 the day he became CEO.
Also the stock has zero volume for a couple years before Wright ran it up to $1. Also had several other moves to make cash.
Weeeeeeee
Nonsense. You need to check your facts. The day the PR was issued naming Bill Wright CEO of VHMC the PPS was $1.
Nope. $CGRA has built a nice company under Wright's watch in a short period of time. $8.1 in assets and revenues of $200k plus a quarter.
All while keep the same share structure.
Actually when Bill Wright was named CEO of VHMC the pps was in the .30's. A couple months later it ran to $1 and traded for a while above the .30 mark before settling down to the bottom at .01.
Just want to help keep the facts straight. Thanks! :)
When Bill Wright was named CEO of VHMC the shares were at $1.00. they are now worth around .01. I rest my case.
The implosion under what amount of volume? Looks negligible to me. More about Market Makers shorting than anything else. Doesnt look like any amount of stock crushing went on. JMO
Here is a better chart on Bill Wright's current venture, CGRA. He is still CEO there and has been there since 2012. So here is a CGRA chart including 2012. BTW, note the prices on the right axis. Yep, you got it. MUCH MUCH higher prices, i.e. 95% decline under Bill Wright's tenure as CEO. Of course, the implosion occurred much quicker under Wright at VHMC.
i hope so. Would be good for investors. Unless people on this board are on a short play and want to bring down the transaction so investors suffer?
I have seen worse. Usually these CEO's bring the copmpanies into triple zero land to finance their operations. But the investors on these boards should know that. Investors should play on a short and there would be no complaints.
I will look into them and get back to you.
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