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Look at the desperation of the bagholders. Spam post after Spam post. .....BuY ThE Dip..........JuSt PiCkEd uP mOrE cHeApIes.........Famous mark Twain quote: "Easier to fool someone than convince them they have fooled".
Looks like the “run for the exit” has started. Most of the retail large holders got in under .02. “ Pennie’s “ will disappear quickly to trips then quads when they try to get out.
Anyone else think the 18 million 1:100 voting rights preferred's will be the next WC toxic dillution version 2.0? Anyone else bet the board votes to convert to common shares at a similar 1:100 rate once the WC noise go's away?
Now the whole " cat is out of the bag " .......Where did the approval come from to issue the preferred shares with 1:100 voting rights to the board? None of the 5% owners had enough shares to approve this without a vote from the rest of the common shareholders. The board members could not vote as they owned no shares remember? Looks to me that the new AS increase was done illegally as the preferred shares issued/sold should not have been.
Here is a copy of the Emailhttp://investorshub.advfn.com/uimage/uploads/2022/9/16/zmpwkwcnote.png">http://investorshub.advfn.com/uimage/uploads/2022/9/16/zmpwkwcnote.png" />[/img]
A long on ST emailed IR a question about Whitecastle and being a 5% shareholder. The response from IR stated that the terms of the note do not allow 5% shareholders so all shares are sold after being converted. Now we know why they illegally created the preferred shares with the 1:100 voting rights. Remember the board owned zero shares at the time so this was not their decision to make. Should have been voted on by a quorum of common shareholders.
Whitecastle doesnt appear in any of ER filings prior to 2020 .....I checked...Yet they "acquired" 300 thousand of outstanding principal on the note in 2016. Then magically increased it by another 600 thousand. There is a reason they will never audit.
Been following a couple OTC cases that reached verdicts in the courts. CEO, CFO and all others convicted of illegal dillution schemes are on the hook for all gains made through such actions in addition to any SEC fines. Hearing some former longs considering filing Class actions on this. Be hilarious if Whitecastle and Timecall had to forfeit all gains from the convertable note scam. The cases I followed took approx. 3 years til court verdict.
Have watched AABB blow deadline after promised deadline. Progress/ production in all the purchased mines is zero to non existent for last 2 years. With that being said,..........do you still believe these idiots flipped a working/producing mine they supposedly bought for 100mil profit after watching them in action ?????
"Restricted shares" are included in the the AS total. Sorry.
The "divvys" promised by Sept puts AS over 2.5 billion. Am I wrong?
When the Authorized Shares get bumped massively by Sept. ........Say goodbye to pennies and hello to sub pennies. Game over!
Face it....if you actually read the Bonanza report, total bust! Next balloon to pop will be Tequilla.
Apparently you read a different report than the one I read Benny. I believe Micon too. Especially the part about getting different results from their samples than the ones AABB had. Funny how they address this by stating AABB needs vast improvements in the "chain of custody" of their samples. Looks to me like you didnt read the report.
Maybe some AABB embossed urinal pucks for LAX?
Yup....saw all that too. Micon clearly didnt trust the samples AABB provided. That was why "chain of custody" was mentioned numerous times throughout the report.
Just read the entire GEO report for Bonanza. What a piece of garbage. Notice the report mentions the "qualified individual" was only on site March 31 and April 1. "During the visit to the Bonanza property on March 31 and April 1,
2022, Micon’s representative independently collected five samples from the rejects and five samples
from the pulps of the previously assayed core samples."
Later the report states that the assay results from samples collected by Micon differed from those provided by AABB. Several times in the report Micon also states that AABB needs to do a better job with "chain of custody" for the samples. Hmmmmm......what are they implying??????????????
Best news is the September 1/100 "dividend" puts the authorized shares over the 2.5 billion cap. Guarantees a huge bump in authorized shares coming if not already. Wow wow wow! Way to go El Toro!
Go back and read the PR history on the sale with the 2020 financials. The payments for Guerrero were structured over time. A significant portion of Guerrero payments occurred in 2020 also reflected in filings. No capital gains tax is reflected in entire of 2021 as the cash and gold values from 2020 never changed and were carried over into all 2021 filings. Again the evidence is there in plain sight. Stop drinking the koolaid.
Want evidence this is a scam?? Look in the year end 2021 financials. They reinvested little to none of the mountain of cash and gold from Guerrero sale. Due to this fact as a US company, the "capital gain" tax liability would have been massive. The 2021 year end financials continue to claim they are sitting on the same amount of cash and gold a full year after the sale. Face it ..........it doesnt exist.
Too bad all the token sales and exchange traffic are as fake as the 30 million in gold. Look at "Revenues" on page 9.......only 120K!!!!!!! for first quarter 2022!!!!!! WOW, WOW, WOW,...!
Are we "dining like kings" on the 120k of revenue for the entire q1 2022 ??????? .........lol. I said many times the "recurring fees" and token sales were all smoke and mirrors..............easily manipulated to look like a ton of exchange traffic was taking place. Kinda like when they PR' millions of tokens "preregistered" before wallet release. ..........Mark Twain quote, "Esier to fool people than to convince them they have been fooled".....Twain was an OG!
Fire sale has begun. Game over!
This is going sub penny
And for the record, I dont believe Torres and the others bought a single preferred share. All about awarding undisputed voting rights to the board so shareholders wont question what's coming with massive bump to Authorized Shares. They couldn't just award themselves the voting rights as it would set off too many red flags (also illegal btw). The "purchase" is all a smoke screen. Guarantee zero cash was involved in the bogus purchase.
At this point if you still think there is going to be a shortsqueeze, moass, or Kenny G BS................might as well put all your hard earned money in a pile and set it on fire.
Only reason any of us contrarians saw this coming is (speaking only for myself) the experience of "paying tuition" to previous P&D's.....We have all been there. Just make sure you don't repeat the mistake. Called learning......gotta fall a few times before you learn to walk.
When Torres increases the authorized shares by several billion with his new 1:100 voting rights are you gonna continue "buying the dip"?????????
Blah...Blah ...Blah....MEGA NEWS....Blah...Blah...Kenny G...Blah...BONAZA IS BIGGER THAN ANYONE CAN IMAGINE....Blah...Blah..... Oh look, Yep, Stock price still going down. Game over........the kool-aid drinkers are starting to figure this out.
The all caps and bold fanboys are starting to see the correlation between the "MEGA NEWS" and price falling (Clive dumping). Wont be long now before huge rug pull.
The non convertible preferred shares with 1:100 voting rights are a dead giveaway that something really bad is coming. This was a move to give sole control of the company to the board of directors to act without current shareholder consent. The "purchase" is a smoke screen to cover its real intent. The shares technically have no value as "non-convertable". This is also smoking gun evidence that Clive has dumped all his shares. If he was still holding like the scammer that posts in all caps bold claims, he alone as the sole majority shareholder could vote to raise the AS. Guessing a ton of calls and emails to the company about the note got them a little nervous and this is the plan to make sure no one questions the next MEGA NEWS.
Reverse Merger, R/S, massive AS bump. Which is looking like a frontrunner now? The non convertible preferred share is a "tell". Who benefits?????? Learn to think outside the box. They are trying desperately to get out of the AS maxed out without cratering the price. There are only three ways to do this.
Pretty clear to me the preferred share hocus pocus was a means to firewall the board from the obvious onslaught of future unhappy common shareholders. Something is mos def on the way that is not going to be friendly to current shareholders.
"given or awarded" is a matter of shareholder vote. The board cannot do this. Again....not legal. Only a matter of time before class actions start flying. The board owned no common shares prior to this sale so no voting rights. No effing way this was legal. Got nothing to do with the definitions of the different classes of shares you posted.
Who or whom approved the sale of preferred's??????? Anyone else see the gross conflict of interest here? The board cannot approve a sale to themselves of nonconvertible preferred shares with enough voting rights to control the entire company. Not even close to legal........You dont need to be a 1,000 dollar an hour lawyer to know this. This may very well be the final nail in the coffin.
Last time daily 20 and 50 sma's "death crossed" share price dropped 50%........20 and 50 death crossed again on April 25.
What was share price March 31?.......Oh look.........Still going down.
You are not critical of Clives toxic note Benny so whats next? He cant get his next "nut" without a solution to the Authorized Shares being maxed out. Soo.........R/S.....Reverse Merger into another empty shell......Massive AS bump.....?????? The next Clive conversion is going to trigger an avalanche of selling and everyone knows it.
Price drop is going to be "BIGGER THAN ANYONE CAN IMAGINE".
BTW Benny. How did Clive exercise an "option at his discretion" to increase the note when he was not the original note holder? Not even legal. Like saying a third party bank can increase the principal on your home mortgage "at their discretion". .......WOW....WOW....WOW...Price going lower.