This thing is like a runaway train. It will crash and those still on board when it does are smoked. Wish all the others on the last ride would chime in. Some here need to under stand what is coming. It us not if but when.

Homevendor,you were here for the first two cycles of this scam and I am surprised that anyone who was here for either would dare spend any money on this one. I was a loyal follower of this trash before, and after the smoke cleared and the rs's were over my position is worth less than $1.00. I still hold it to remind myself what a fool I was and the depths some will stoop to to turn a profit for themselves. I wish ken and company nothing but the worst in life. He deserves all the bad luck that karma will send his way.

It's a scam alright. No doubt about it. Anybody found ken yet to settle up . Hate to be in his shoes when someone does try to get even. He has burned a lot of inocent people. Karma will settle the score somewhere down the line.

Let me add my name to the list of those slamming ken and company. Truse me and those who have been here awhile. If you spend any money here you may or may not get a short term benifit. What you will do for sure is help ken rake in more profits for him and his. This stock has gone through this same cycle more than once. The senerio is always the same. "PLEASE DO SOME HONEST AND SIMPLE DD" It is all there in black and white. If you influence the lazy into investing here then you are as guilty as ken. Maybe you are ken. At this point who knows. At this point I can only hope karma pays him back for what he has done. He R/S,d everybody out of any hope they might have had to at least break even. All would do well to heed the warnings of the so called bashers. This is a con plain and simple. By the way, I still have worthless shares of this crap. Just to remind me to be more careful in the future.

You are very correct sir.

In order for mismanagement to take place you have to have something to manage. There is nothing here. They buy a worked out mine and publish past mining results, and glorify a prospective tailings field or whatever. The bottom line is that they have ceased to put any effort into developing a location. 5 min. Of simple DD will show how they have left a trail of ripped off and bitter past investors. I am one and I was a staunch supporter up until I was rs'ed out of my position. Many hundreds of thousands of shares will not cover the cost of a happy meal at McDonalds. I wish ken and co.nothing but the worst and would advise all to steer clear. There is clearly intentional theft by deception here. All I can hope for now is for karma to take care of the crooks.

Personally I wouldn't give ken and company another dime. It is all smoke and mirrors. To me now it is a matter of principle . He scammed some pretty intelegent folks and I wish more would post here and give you their opinions.

mibs. All the way and then some.

Mibs, that is an awful and tragic story. You truly have my simpathy. your situation is about as bad as it gets.

Mibs, I am very sorry for your loses. Makes my loses seem paltery. I hope the stress of this mess is not what caused your grandfather's passing. I hope ken is reading all these post just to know what he has done to people and their families. Probably doesn't phase him though.

In all honesty I think the steads were sincere in their initial intentions to develop marketable mining sites. For whatever reasons they didn't work out. Somewhere along the line they found it was easier to buy sites with good past histories and promote them as being profitable today. Sell a lot if shares and then take them away. The present site in nm is a match for the one in gahana. A rich mine and a reworkable tailings field. It probably does have some potential but they have no intention of doing anything with it. In gahana they supposidly had equipment rented and structures being built. Then it was never mentioned again. They gave some a divy and some who were due got nothing. It looked good for some for a while but then the r/s's happened. In the end everyone all ended up with the same Thing. Nothing. If ken wants to reverse what he did and give everyone back what he stole then I might change my mind a little but not much. The steads have gone over to the dark side to stay I am afraid. all I can hope for now is karma. Sweet revenge. Btw, I do still own some of this just to remind me what a fool I was and to be more careful in the future.

Are these contacts still active. The referenced post was 2 years old.

Are these contacts still active. The referenced post was 2 years old.

A little honest DD should tell everyone what is and has taken place. How can they keep getting by with it. How can they sleep at night. A lot of people have lost big time here. Someone please stop them.

I am a second generation airborne. My dad retired from 101 in 64 and did all the abn stops including the 10 sf at bad tolz. Wish the situation here was better but good talking to you and good luck.

I also would but cannot.

Yes and to think I used to argue with him on a daily basis, almost. I don't guess there is any way to file a class action suit against katx and Ken is there. Kind of a theft by deception sort of thing. Too soon old and too late smart I guess.

I don't know which gets me more angry. Getting r/s'ed out of my money or the fact that I defended k. Stead. Change the names in the press release from yesterday and it is a carbon copy of the bs that came out about the mine in gahana. what ever happened to that mine? It just kind of disappeared , just like our money. Ken used to at least post and try and defend himself but not any more. You can't defend what has happened in the last cycle's. I am sure this one will be no different.

If you get in short term you might do ok but do not go long because you will lose. Prior history will verify it. Do some easy DD and you will see what I am talking about. I am truly sorry I once believed in ken. I have joined a long and getting longer list of duped investors. "Too soon old and too late smart". If I sound bitter you are right. I and others got r/s'ed out of everything we had. It is impossible to recover any of it.

All this looks like a copy and past from the tailings and historic mine that was going to make investors rich a couple yeas ago in Gahanna africa. That property vaporized just like all the share holders money. Be careful here. It will not turn out good

I was a believer in the Company and principles for a long time but my opinion changed when I and others we screwed by a RS. I should have listened to the people who were screwed in a previous RS. I don't see any of the old gang here now for good reasons. A word of warning is needed. Don't invest any more than you can afford to lose because you will lose it eventually. Sad to say but the people running this show ought to be in jail. Alas, a new crop of moths are being drawn to the flame to be consumed just as those before.

The present situation is indeed dire. A lot of folks justifiably feel betrayed. I cant agree that the PR's were necessarily lies in what they stated other than the implied and stated intentions and projections. If these were intentional false statements then the actions were criminal. If all intentions were honorable but failed for honest reasons then stuff happens. I don't see a big rush to sell yet so I guess most are just waiting. Is it worth waiting for is the question at this point.

Alan. You are correct. I am still waiting for someone to come up with the form 4 to back up the claim of share selling by officers. Been through this topic many times and the claim is just opinion and not based on fact.

If you go to the website for the mine it says "Under contract".

Agree.

Omg. Am I the only one on either of these two boards that has failed to see any proof of insider selling. Speak up pro or con.

You know that there is no insider dumping. I have been asking for proof on the BVIG board and there is none. If you have any please provide it.

That is exactly what I am trying to do find out what is taking place. It keeps being claimedthat the Steads are making millions selling diluted stock. All i am asking is that just an opinion or where is the smoking gun. This is the cornerstone piece of your argument. I am not discussing dilution itself, yes I am not happy about it, but how are the steads getting rich off this. So far the proof is not there.

Steve. No arguing that the past history is not s productive one. That us the nature of these style plays more often than not. However, I have yet to get an answer to two if the core claims by your side of the equation . The companies lied on the filings and insider selling. Things keep getting posted but they are opinions. And sorry if you think greed is involved but I don't think trying to earn a return on an investment should be called greed. If it is greed then our captilist society is doomed.

Thanks to you also Alan. Just trying to keep things honest

Steve. I just attempted to make an honest reply to your post but for some reason it is gone. That pretty much explains a lot.

Your quote

That is a lot to thumb through and can't be done quickly. I did enter "lies" and nothing came up. Lol anyway a couple of quick comments. The sample you provided is a "punch list" of corrected or additional info the SEC wanted. Normal sop with the govt. I wish some of my transactions with the feds were this simple. This is child's play compared with some patent applications I have crawling through the patent office. Also, the letter was not written by larry spirgel but rather an assistant. I doubt larry has ever heard of these companies or officers.

Dilution is not the question at hand. Selling of diluted shares is.

If you work only with charts you are living in the past and lets see I think this company was supposed to be done 2 years ago. Looks like it is still here. BTW, I haven't worn rose colored glasses since I went to vietnam 44 years ago.

Not really but nice try.

Can you refer me to the financial statements where the lies took place. I will give you the benefit of the doubt for now on that one. However, you still haven't explained how any insiders could sell shares without some kind of accounting. I know we batted this around a few weeks ago but I have never gotten a tangible answer. If there is wrong doing going on I would like to know what it is for my own benefit. If what you are claiming is true I may want to reevaluate my whole position. Others are claiming the same thing and I would like to know what information they have that they would draw that conclusion and I don't mean opinions or wishful thinking.

I don't remember seeing any lies in any filings to date. I did see revisions for things the SEC needed clarifications on. That is normal operating procedure when dealing with any govt agency. I have and still do have the same typical situations in my dealings with other agencies. Anyway, call it what you wish but the truth is the SEC knows how they want and and what they want. I don't think they take need john q public to tell them how to do their job. If their were intentional lies involved there would be reprecutions . Which brings me to the issue at hand. There have never been any reporting of the insider sales of any shares. If I missed a filling our something please tell me . If there is a loophole for such activity please let me know what it is because I'll be darned if I can figure it out. You are insinuating some kind of laundering operation it appears to me. All Capone went to prison for less than that.

So you are saying that the insiders can issue all the shares they want and sell them to whomever they want and there is no paper trail. What about filing a form 4 or reporting such sales in the financials. They have declared no such sales or activity . Are you saying they have lied to the SEC? There has to be an accounting for the shares in question. Through what loophole are they allowed to do this. In other words, what rule or exemption allows this to take place . You have explained the shares movements but there are strict laws which prohibit such sales by insiders. I am just trying to find out how they can beat the system. Just because this is taking place in the pinks does not allow a free hand if there are laws against such activity.

It all depends how deep the bed rock is. I highly doubt that previous operations have processed all the overburden.