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So you not only can't say which ones are real, it appears you can't even say which ones were taken at the Dodnge Mine.
I have given a partial list of faked photos in a previous post. There are more than I have disclosed. See here.....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77210674
I guess that just proves what I said before.....
If you can't tell what's real and what's not, how can you trust any of it?
I particularly like the ones taken at the Dodge Mine.
Thanks, that didn't cover all of it but I only had the time and inclination to provide the "brief" answer.
Have a nice 4th of July.
It is not my purpose to run anyone off. I do believe in sharing information. You asked for a summary of the reasons I think this is a bad bet. OK, here is a partial list of reasons.
Warning Signs and Red Flags
The CEO's qualifications and experience have been listed in several places including PRs, SEC filings and the new website. At first glance they seem pretty impressive but after digging a little deeper, it appears that at least some of the CEO's listed qualifications are misleading - His "Qualifications and Experience" that he gave are quoted below. Below that is the REAL story. If you check for yourself, you will find that this is not the only instance of his false "credentials".
"Mr. Pietrangelo has served as President, CEO and Chairman of the Board of Directors of TAG since 2010. From 2006 to 2010 Mr. Pietrangelo was CEO and Director of Rock of Angels Capital Corp., Rock of Angels Acquisition Corp. and Rock of Angels Holdings Inc. "
Rock of Angels was incorporated as a WY shelf company in 2006 and was dormant on the shelf until early 2011. Although the filing was "active", the company existed on paper only, it was completely inactive, there were no operations. He had himself slotted in as CEO and Director of the "paper" company. In late 2010, Rock of Angels changed its name to ...... TAG Minerals! TAG Minerals continued to be completely inactive until early 2011.
So he was CEO and Chairman of the Board, but of what? A couple of sheets of paper! What was he really doing from 2006 to 2010? I'm sure being CEO of company that only existed on paper didn't take that much of his time.
Is presenting false "Bona Fides" illegal? No. Is it an honest and acceptable practice? Decide for yourself.
References:
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=115035153208054104241139126116144216254177152027
Tag Minerals filing - shows Old Name - Rock of Angels, Date of change - 10/19/2010, Initial Filing (as Rock of Angels) - 12/26/2006
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=171058118072117042139071198178052070133134004137
Rock of Angels filing - shows original filing date - 12/26/2006
http://sec.gov/Archives/edgar/data/1413299/000114420411057763/filename1.htm
Letter from CEO to SEC - Last paragraph of page 8 which states…..
"TAG Minerals Inc. was incorporated on December 26, 2006 as Rock of Angels Acquisition Corp., a Wyoming Corporation. This entity was completely inactive (other than an initial share issuance to the founders) from incorporation until January 2011"
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Lantis Laser Acquired an 80% Controlling Equity Stake in Raptor Networks, Inc [RPTN] from CCE in exchange for 5,000,000 shares of Lantis Laser, Inc [LLSR] and 13,510,752 (post-split basis) shares of RPTN. Raptor Networks had no assets at the time (and still has none) and was in default on its notes to CCE. CCE had foreclosed on the notes, taking all of the Company's assets earlier, including the patents and rights to all technology. CCE had ordered management to seek a buyer for the shell. After months of trying and shortly before the deadline date, this was the best they could do, the last resort.
No clear reasoning was given for the acquisition other than, "LLSR expects to utilize the Raptor accumulated losses to off-set future taxable income from our gold and other mining and minerals endeavors".
This reasoning is highly questionable. First, it seems to put the cart before the horse as LLSR has never shown any taxable income and already has a large Net Operating Loss of it own. Second, LLSR does not intend to continue RPTN's historic business (network switches) and could not even if it wanted to, as CCE owns all of RPTN's intellectual property and all other assets that remained. Because LLSR will not continue the historic business, the "Continuty of Business" Rule of Sec. 382 of the Internal Revenue Code disallows any deduction of the historic NOL.
Those facts cause one to suspect the credibility of the reasons given in the PR.
References:
http://sec.gov/Archives/edgar/data/1163300/000114420412022029/v309297_10k.htm
Raptor Networks Annual Report
http://sec.gov/Archives/edgar/data/1413299/000114420412022026/v309300_10k.htm
Raptor Resources Holdings Annual Report
http://macabacus.com/taxes/attributes
Tax Attributes of a Target
As the first order of business, the Company (RPTN) notified stockholders of actions to be taken by the new majority ownership (LLSR)
> Effecting a reverse stock split of the common stock, $.001 par value, of the Company by a ratio of one-for-ten.
> Increasing the number of authorized shares of Common Stock from 200,000,000 to 500,000,000 shares.
One might suspect from the large increase in authorized shares that a large share sale is planned.
Perhaps this is the true reason for the acquisition.
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According to an independent source.....
They clearly do not have "proven reserves" as they have not met the legal requirements for proven reserves.
Let me give you an example of an SEC Comment Letter sent to another non-compliant exploration-stage company that illegally claimed to have "proven reserves".
"We note your consulting geologist provided reserve estimates. Please note that mineral reserves for a mineral property may not be designated unless:
• Competent professional engineers conduct a detailed engineering and economic study, and the "bankable" or "final" feasibility study demonstrates that a mineral deposit can be mined profitably at a commercial rate.
• Historic three-year average commodity price is used in any reserve or cash flow analysis used to designate reserves.
• The company has demonstrated that the mineral property will receive its governmental permits, and the primary environmental document has been filed with the appropriate governmental authorities.
Please revise your disclosure accordingly. In addition, please revise your disclosure throughout this document to ensure you do not prematurely indicate mining operations on mining properties before a proper feasibility study and economic viability determination has been conducted."
A bankable feasibility study is not a minor thing. The size and complexity varies by the size and type of deposit, but typically it requires years of work by numerous experts conducting an enormous amount of work (not only exploration to define the resource and grade, but also metallurgical/processing studies to determine the most efficient and cost-effective mining and processing methods, mine design and related engineering studies, environmental studies, including hydrology and animal studies, reclamation studies and plans, just to name a few). And millions and millions of dollars to pay for all the studies that go into a bankable feasibility. Once all of that is taken into consideration, a final feasibility study is a pretty weighty document - hundreds of pages long.
Needless to say, drilling 5 holes and calling it a "proven reserve" is a bad joke.
------------------------------------------------------------------
Pictures on the company website have NOTHING to do with the company. They could mislead some into thinking they are pictures of acutal RRHI mining operations and/or production. Decide for yourself.
References:
Company website: http://raptorresourcesholdings.com/
http://www.istockphoto.com/stock-photo-17788441-giant-bucket-wheel-excavator-at-night.php
Bucket wheel excavator - actually belonging to a German coal mining company and located in Nordheim, Germany - Used as wallpaper on RRHI website
http://www.grindingmachine.org/images/sbm/rocksand-grinding-machine.jpg
Picture of ore piles and elevator - actually advertising image from a Shanghai, China equipment company - Used in slide show on RRHI website, Home page
Picture of smelted gold bars and gold dust used in RRHI website Image Gallery - To date, the company has not produced any gold.
If you know you can't believe some of it, how can you believe any of it?
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Some of the broken promises.....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75308263
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Then there are the numerous broken promises, shifting targets and
other misrepresentations.
When you understand the above and read the following, you will understand why I am skeptical.....
According to FINRA, the SEC, and other independent sources, no industry is immune to investment scams, including Mining. There's a long and sordid history of mining investment scams. Investors are urged to never rely solely on information in press releases. Always confirm mining claims using third party, respected sources.
FINRA Investor Alert - "Gold" Stocks-Some Investments Mine Your Pocketbook - http://www.finra.org/Investors/ProtectYourself/InvestorAlerts/FraudsAndScams/P124119
"Mining Investment Scams" - http://www.fraudguides.com/investment-mining-scams.asp
"iHub Mining Company Research Board" - http://investorshub.advfn.com/boards/board.aspx?board_id=21803
Yeah, right....... { 8^D
I am saying it has the "earmarks" of a scam and raises several red flags.
Check with the Mining Company Research Board for independent opinions.
http://investorshub.advfn.com/Mining-Company-research-board-21803/
Also check the DD Support Board and Fraud Research Team.
http://investorshub.advfn.com/DD-Support-Board-and-Fraud-Research-Team-19670/
RRHI has been specifically discussed on both boards.
According to independent sources.....
If some of these bogus "exploration companies" spent their money on actual mineral exploration rather than stock promotion, they might have something worthwhile. But, as we know, so many of these companies are not really in the mineral exploration business at all - it is just a front. They are really in the stock selling business. Which helps explain why they are so willing to use stock photos of other people's operations on their websites. Another red flag.
Transferring the asset (or, in this case, the story of an asset) to a sub which just R/S and increased its A/S is a massive red flag. Little doubt that entire new A/S will probably be used before this one is toast, too.
It's not just "a photo on a website". It is a pattern of dishonesty and deliberate deception that started with the false resume the self proclaimed "mineral king" at the beginning and has continued with pictures of eqipment, operations and ore that the company does not possess.
According to others I have talked to, stock photos on company websites are not common. "Websites are considered to be an extension of the Company's official filings. Therefore, if they were passing off photos of equipment as their own, or suggesting it is their equipment, could be considered to be fraudulent. The use of that photo on the home page is pretty sleazy."
False pictures of someone else's equipment, operations and ore just like the false "experience" touted by the CEO and others.
You mentioned the O/S of RPTND being 112MM but neglected to disclose the INCREASE in A/S from 200MM to 500MM. What do you think that 150% increase was for? ..... and do you know what that means? ..... { 8^D
Yeah.....Hail to the Mineral Oil King of Wal-Mart
The paid pumps have not been working. The money's gone. Now comes the real mining.....of investor's pockets.
What is the source for this rumor, please?
Thanks 1manband, for your response to my PM. You pretty well confirmed my opinion on the RRHI hype and website.
I feel the pictures used on the website are misleading to say the least. While there is no outright claim that the equipment, operations, ore and smelted gold are actually theirs, there is no disclaimer either. I feel new investors who do not know the origin of the pictures could be impressed and think they are investing in a working mine with extensive operations.
The company apparently spent a large portion of its remaining cash on a series of paid promotions in early May. Unless they have somehow raised cash, they must be nearly broke by now.
They do own 80% of a public subsidiary RPTND, which just completed a reverse split, name change (to Mabwe Minerals Inc.) and change of domicile to WY. That company has no assets at present but has been hyped as, "...a mining & mineral company created to optimize the abundant mineral/metal resources of the company's World Class, hydrothermal mountain range home to Dodge Mine located in Shamva, Zimbabwe."
I question why they would transfer the "asset" of the Dodge Mine to a susidiary in which they only hold an 80% interest unless the asset is not worth much and they plan to sell stock. Along with the reverse split, they did increase the A/S from 200,000,000 to 500,000,000 with only about 100,000,000 I/O at present.
You said,
BTW - Whats up with posting that the "D" was appended to RPTN
"...once the confidentiality period concludes."
Sometime in the second half of this year or next or maybe later but ..... soon? { 8^D
Have a great weekend.
If I told you that they might go belly up by "next quarter" and they didn't, would you call that a lie or not? { 8^D
Heck, a little while ago I posted an SEC quote and that was called FUD, wasn't it? Even though it was just a direct quote of an SEC regulation.
Yes, I've heard the old "Dodge Mine" dodge more than once. If one actually thinks about it though, that explanation should engender even more skepticism. I mean, were they too stupid to just shut up and stop making promises they could not keep, or were they too stupid to realize they were "busy"?
The Dodge dodge just doesn't fly.
I guess if one understand the words "Intend(s)" "Anticipate(s)" "Preparing" "Near Future" "Near Term" and so on and so forth to be meaningless hype, then I suppose it's pardonable. If on the other hand, you judge them by their use in context along with their dictionary meanings, then I believe one is justified in calling them broken promises or even outright lies.
For all practical purposes, Q2 is over.
Let's see, as you pointed out they most recently said, "the second half of this year".
Before that (April) they said, "Revenues are anticipated to commence within the third quarter of 2012."
Before that (January) they said, "this quarter" (Q1)
Before that (November) they said, "the beginning of January, 2012."
Before that (Septmber) they said, "TAG Minerals Zimbabwe (Private) Limited (TAG-Z), is preparing to utilize a novel, low-cost method for extracting gold nuggets from near surface deposits..."
Before that (August) they said, "With the price of gold soaring to $1800 an ounce recently, we believe that the timing could not be better for TAG-Z to commence its own mining operations..."
Before that (July) they said, "TAG Minerals Zimbabwe (Private) Limited, anticipates commencing its own organic alluvial surface gold mining operations in the near future."
Before that (May) they said, "TAG intends to commence alluvial surface mining for its gold extraction activities"
Before that (April) they said, "TAG intends to commence mineral production within the next 3 months"
Before that (March) they said, "TAG will effectively move into economically viable mineral production in the very near term"
Time after time after time, they've made such promises and time after time after time, they've broken them. I'm pretty sure I've missed a couple from their earlier paid pumps too.
With all of those broken promises, is there any reason not to be more than a little skeptical?
Oh, and thank you for posting the excerpt from the article about the market for barite. If you have a link, please post it.
Thanks again.
Well, back in April, they DID say, "Revenues are anticipated to commence within the third quarter of 2012 for the mining of gold and other industrial minerals", before they backpedaled in May and said the second half of the year.
Frankly, I don't really expect to see any revenues reported this year at all unless it's through their interest in Slashwood Mining.
Come to think of it, I have seen where the promised gold revenue to begin next quarter (Q3). What are the odds?
Of course, I think they've already backpedaled a bit on that promised date. { 8^D
I haven't seen or at least don't remember the one promising "no later than July". Is that from one of the paid stocktwiter.com pumps or somewhere else?
It seems like it's always "soon", "next month" or "next quarter", etc. I guess they figure they've got to keep dangling the bait out there.
I think the "real mining" (of investor's pockets) will begin with the sale of a large chunk of Mabwe Mineral stock.
RE: Broken Promises.....
Looks like once again, the company has promised more than they could deliver.
According to the company hype, they were once again supposed to start gold production. This time it was supposed to be this quarter, Q2 2012.
Well.....The quarter is just about over and no announcement of any gold production.
Wonder what the excuse is this time. { 8^D
As I said priviously, "Anyone can miss once, twice in a short time would be a concern, but time after time after time for more than a year might be considered habitual lying."
RPTN is a subsidiary of RRHI. Its name will change from Raptor Networks Technologies, Inc. to Mabwe Minerals, Inc.
NAME/SYMBOL CHANGES
Date 6/28/2012
Old Symbol - Old Name
RPTN - Raptor Networks Technology, Inc.
New Symbol - New Name
RPTND - Mabwe Minerals Inc. ..... NEW Common Stock 1-10 R/S; Domicile Change to Wyoming **
LINK
RRHI subsidiary, RPTN to have a "D" appended to its symbol tomorrow. If you have trouble finding it, try looking for RPTND.
Apparently it is tradable today as I just saw some MM activity on the bid & ask. Possibly another OTC quote system glitch.
Still no volume, but that's not unusual.
Are RPTN and RRHI even trading today? I just pulled up live quotes and they showed zeros accross the baord for ask, bid and volume. Other sources just show yesterday's numbers.
I haven't seen any announcements. Good luck.....
Is RRHI even trading today? I just pulled up a live quote and it showed zeros accross the baord for ask, bid and volume. Other sources just show yesterday's numbers.
I haven't seen any announcements. Good luck.....
I do not know who the the party is. It could be a large shareholder who wishes to dump. It could be a front for the company or management. It could be someone else who wishes to prop up the price for their own reasons. I have no interest in pursuing it but I'm sure if you really want to find out, you can.
The quote comes from a website I found this morning. If you google the quote, I'm sure you will find it.
The stock price is all the indication one needs to judge the effectiveness of the stocktwiter campaign. Do you think it was worth $1500? If you do, why?
The subject of the post you question discusses the impossibility of the company owning a Krupp Bagger, not the Krupp Bagger itself.
It you think it is possible that the company really owns a Krupp Bagger, please tell us why you think so. That would be on topic.
Just a reminder that the topic of this forum is Raptor Resources Holdings, Inc.
A small amount of friendly discourse may be tolerated but off-topic discussion for the sole purpose of starting pointless arguments will not.
Feel free to present an on topic counter argument though.
What a waste of money.....
Stocktwiter.COM HAS been compensated one thousand five hundred dollars via bank wire for the dissemination of company information and news for Raptor Resources Holdings, Inc., RRHI, by a third party. - Date: 6/20/2012
Ha ha ha ha!
I wrote, "They were built in the late 70's at a cost of over $100 each."
That should be.....at a cost of over $100 MILLION each. { 8^D
I seriously doubt we will ever see the day that Ratpoor Resources owns a Krupp Bagger (excavator), much less the two shown on the Ratpoor website. They were built in the late 70's at a cost of over $100 each. They are impressive though. { 8^D
Please let us know when to expect Ratpoor to issue the purchase order. ROTFLMAO!!!
Do you truly believe that is equivalent to a mining company showing pictures of mining operations and ore that it does not possess.....wait, wait, I have to try to stop laughing and catch my breath......mining operations and ore that it does not possess and equipment that it does not possess and NEVER WILL????
You said,
"I do not know what pictures are or are not real on the Raptor website."
"Have you not understood that there is NOTHING you can tell me about LLSR or its successors that I don't know and that includes AP? I will say it again. There is NO INFORMATION that you can give me that I don't already know regarding LLSR!"
Other than a simple fill in the blanks filing and annual renewal filing fee, there is nothing "required" for running a WY shell company other than having an "agent" in the state to act as a mail drop and contact. Even that was not necessary until fairly recently.
From the WY SmallBiZ website.....
Look what SmallBiZ will do for only $25:
· Review your order
· Check WY name availability
· Prepare WY filing documents
· File w/ WY Secretary of State
· Email you notifications & updates
· 24/7 Online tracking
· Digital copy of approved docs
· Originals shipped to you
· What's Next checklist - You will know what to do next
What makes Wyoming so darn good?
· Low cost to file ($100 state fee)
· $50 annual filing fee
· No post-filing requirements or fees
· Inexpensive certificates, amendments, etc.
· Anonymity - Manager or director names not reported
· Pro-business laws
· Simple process to move INC/LLC to Wyoming from other states
Keep your Wyoming Corporation Compliant
> Protect your corporation's liability and tax benefits
> One owner to multiple owners
> Easy setup & management (10 minutes per year)
> Email reminders before actions are due
> Document all corporate actions quickly and easily
10 minutes per year!!!!!
So what was Alf doing the rest of the year????? { 8^D
You asked for other shell companies....
Check out the Metal and Gem Conversion company first as I believe that will play a part in the mining operations "soon". There are at least two others that I am not yet ready to talk about but you can find them if you look hard enough. I did.
Like my response when you said, "I do not know what pictures are or are not real on the Raptor website."
If you don't know what's real and what's not, how can you believe ANY of it?
Here is a an ad from a company that advertises WY incorporataion for as little as $125. It was probably even cheaper ten years ago.....
Incorporate in Wyoming
· For $125.00 (incl. state fees)
· Packages available with further discounts
(Click for more info)
Incorporate in Wyoming
Hope that helps..... { 8^D
That's exactly what Alf did! Although he probably paid even less.
For less than $150, you can form a paper company in WY complete with initial filing of articles of incorporation and papers naming you as CEO, CFO, President, Director and Chairman of the Board and/or any other position you wish. Paying a $50 per year fee after than keeps your company "Active".
Buy one of these and try to impress an HR professional with your "experience". If you are not quickly shown the door, that person should be. { 8^D
Alf has held "executive positions" in several shelf companies. Some he has listed and some he has not. There is no "requirement" to list these bogus positions in purely paper companies as his Bona Fides. If there were, why did he not list ALL of them?
I do believe my question was regarding "the faked pictures on the company's website". I asked no questions about other websites but if you wish to show it is common practice in the mining industry, please post a link to a legitimate mining company's website showing mining equipment they do not own and operations they do not have (with no disclaimer or explanation).
Your own words, "I do not know what pictures are or are not real on the Raptor website."
If YOU don't know what's real and what's not, how can a new investor trust ANY of it?
As for Alf's employment, what was he doning for those years he was "emoloyed" by paper companies with NO OPERATIONS?
If omitting such information is "deception", where is it? And why did he not list the other paper companies he was "employed by" during the same time period? Is he decieving us?
If I told you I incorporated a paper company for $150 and named myself CEO and CoB, what would that "qualify" me for? { 8^D
So you admit that the pictures of the equipment and operations on the company website are pictures of equipment the company does not possess and are NOT representative of actual operations the company.
"A picture is worth a thousand words", goes the old saying. There is a reason for that. If someone advertised a limo service and put up a picture of a row of new Cadillac strech limosines with the caption "comfort for up to 9 passengers" and you hired them, would it be ok with you if they sent a rusty old VW micro bus with 9 pillows on the foor? { 8^D
What was Alf ACTUALLY doing during the periods he listed as being CEO of purely paper companies with NO OPERATIONS? ..... A period encompassing several YEARS ..... Don't you think that is more of an omission than being CEO of a company which existed only on paper? { 8^D
A review of past posts on this very board reveals that some people were taken in by the "experience" listed. LOL!
The company's misrepresentations reveal not just a willingness and intent to decieve investors but an actual pattern of deliberate deception.
Just because one calls certain facts "baseless or irrelevant" does not make them so. There is no substance to that statement.
Bringing up the FACTS that many of the representation of this company are misleading to say the least is very relevant to anyone considering investing in this company.
The FACT that they show operating mining equipment and gold on their website which, in fact, they do not have, might mislead someone unfamiliar with the company to conclude that they are an actual operating company.
The FACT that the CEO lists positions in companies which existed only on paper as experience might mislead and HAS misled prospective investors regarding his qualifications.
The question remains, does anyone NOT think the faked pictures on the company's website and the CEO's faked credentials are deliberate deceptions?
Does anyone NOT think the faked pictures on the company's website and the CEO's faked credentials are deliberate deceptions?