Hi Dunphy, thank you for your reply.

When you said, "I am familiar with the Barite deposits in this country...", were you talking about the country of Zimbabwe? That is where the deposits are supposedly located.

The "estimated reserves" were based on just 5 test bores done way back in 1966. I'm not sure how reliable that information would be.

There is not yet an operating mine on the site. No mining or processing equpipment and no money to buy any. I think the intent of the MOU is to obtain financing of some sort.

Exercises of options are seldom reported, especially options of this type for immediate turn over rather than held for investment. The term, "75% of the bid price at the time of exercise" means that if the bid price is 1.00 and the ask is 1.02, the exercise price of the option is 0.75. The person exercising the options gets a 25% premium immediately. Exercised and sold immediately in moderate amounts the transactions would have only a slight negative effect on the market.

Now, if you hold a LOT of options, you can be pretty sure that exercising them at a 25% discount to the bid will cause the stock price to fall. What you could do is SHORT the stock, then exercise the options to cover. The stock will drop on the shorting and will drop again on the options exercise.

If you don't want to be bothered with stock transactions, you could just sell the options.

Again, you have provided your opinion but no proof. As Bepractical said, "I respect your right to an opinion", but that's all it is, your opinion. I have offered proof, in writing.

I have, in good faith, provided irrefutable evidence that Dark Dynamite entered into an advisory agreement with Alf. You have speculated that the contract was breached but provided no evidence.

I showed that the company said they "entered" into an agreement and "issued" 20,000,000 options to purchase shares at 75% of the bid price at the time of exercise. The past tense verbs "entered" and "issued" indicate a fait accompli not something in the planning stage. Can you provide any evidence that the company made a false representation to the SEC?

Good morning, I wonder if you could please provide a quote from an official document that says the agreement between Dark Dynamite and Alf was ever voided?

The SEC document I quoted stated, "The Company entered into a Stock Option Agreement with Mr. Pietrangelo and issued a total of 20,000,000 options to purchase shares of the Company' s common stock."

I must point out that the verbs are all written in the past tense.

I will be unavailable for a while so you can take the time to do a thorough search for something to support your claim.

From a Dark Dynamite SEC filing.....

"On May 26, 2004, the Company entered into an Advisory Agreement with Al Pietrangelo. The Company agreed to pay Advisor a fee for services which is equal to an initial fee of $5,000. Thereafter, Advisor will receive $3,000 per month which may be satisfied by the Company issuing options, cash, or shares of the company to satisfy the monthly fee. In addition, the Company entered into a Stock Option Agreement with Mr. Pietrangelo and issued a total of 20,000,000 options to purchase shares of the Company' s common stock. A portion of the shares will vest every month over the one year term of the Agreement, at a strike price which will be calculated at 75% of the bid price at the time of exercise."

Many investors thought they knew better about the off-balance sheet transactions that were used at Enron. We all know what happened there.

The stock dilutions were explained away by Dark Dynamite, a company in which Alf was involved. For those that don't know what happened there, they issued stock, sold it down to practially nothing, reverse split, and did it again. The eventual reverse split ratio was 1 share for 2 MILLION! An initial $2,000,000 investment prior to Alf is now worth about a buck today.

There are numerous examples of the spin-off. I'm sure the investors that bought those spin-offs were every bit as convinced that they were getting a good deal. That was the point.

My point is to be aware of what can happen so the warning signs are not simply dismissed.

Praemonitus, praemunitus!

To be forewarned is to be forearmed.

Praemonitus, praemunitus!

To be forewarned is to be forearmed.

There are more types of scams than just the plain old pump and dump. This setup is condusive to more than one of them. Besides the little pump and dump we just saw in RRHI.....


Stock Dilution Scam:

A share dilution scam happens when a company, typically traded in unregulated markets such as the OTC Bulletin Board and the Pink Sheets, repeatedly issues a massive amount of shares into the market for no reason, considerably devaluing share prices until they become almost worthless, causing huge losses to shareholders. Then, after share prices are at or near the minimum price a stock can trade and the share float has increased to an unsustainable level, those fraudulent companies tend to reverse split and continue repeating the same scheme.


Off Balance Sheet entities:

Typically a company with a non-reporting subsidiarry (TAG & TAG-Z) might transfer certain assets and/or liabilities to or from the susidiary to "cook the books". For instance, the subsidiary might purchase a pick and shovel for an inflated price of $100,000 with $10,000 cash down payment and a promissory note for the rest payable to a confederate. The confederate takes the down payment and buys the best pick and shovel available for $100, ships it to the company and the "players" divide up the rest of the cash.

The susidiary transfers ownership of the "equipment" to the parent but not the debt. The parent company now reports that it has obtained "mining equipment" worth $100,000 for the mere sum of $10,000. Good deal, right? The parent records a $100,000 asset and a $10,000 expense.

Meanwhile, the note sits quietly collecting interest in the subsidiary. If, by chance, the subsidiary finds $100,000 worth gold, the gold and the note are transferred on paper to the parent. The parent then reports the $100,000 from gold as Revenue and the $100,000 + interest as a Liability. In this very simplified modle, the company shows a net loss in the amount of the interest. It can be very difficult to track these types of transacitions down when the subsidiary is in a foreign country, impossible for the average investor


Then there is the "worthless spin-off", which is where the parent company places transfers some minor or overstated, almost worthless assets and some understated liabilities into the publicly traded subsidiary to make its books look good. Then the parent can sell shares or spin-off the company completely by selling its entire interest. The new stockholders are left holding the bag.

That's it.....A way to get Lantis involved too!

The "Pure Play" gold mining, barite and stone quarrying, energy production and management including fuel extraction, manufacturing, refining, and distribution of petroleum, natural gas, coal, nuclear power, hydroelectric, and renewable resources and DENTAL EQUIPMENT MANUFACTURER!

What could go wrong?

Makes a guy almost want to invest, don't it? { 8^D

It seemed a lot funnier to me last night. But then, I was still laughing at the original category description of Mabwe Minerals.

It was a joke referring to the "oil field giant".

I mean, they were listed as, "Energy production and management including fuel extraction, manufacturing, refining, and distribution of petroleum, natural gas, coal, nuclear power, hydroelectric, and renewable resources."

LOL!

I suppose they could be two different companies with the same name but Alf is definitely involved.

Why would he do that? Can anyone think of a legitmate reason?

Actually, I think it's the same company.....

https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=149104091034107067096253019196186118218195123014

Compare the addresses then look at the parties and you will see Al Pietrangelo.

What the heck is this???

http://www.lookupbook.com/profile/industrial-energy/wy/cheyenne/mabwe-minerals-inc.

"Energy production and management including fuel extraction, manufacturing, refining, and distribution of petroleum, natural gas, coal, nuclear power, hydroelectric, and renewable resources."

Is this the other half of the MOU???? I don't believe it, but there it is.

I think they have/had plans to pump the price but through incompetence have messed it up.

No need to apologize for the SEC posting. I don't think anyone really misunderstood it. Just like the SEC information I posted, it is what it is.

This time they only went after "shell companies that are dormant and delinquent in their public disclosures."..... This time.

That doesn't mean that all of the other companies that they didn't go after are on the up and up.

Who knows what they'll choose to go after next? Here's what they say about delinquent filers......

"E" Added To Stock Ticker Symbol

When a company that trades on the OTC Bulletin Board (OTCBB) becomes delinquent in its reporting obligations with the SEC (for example, it submits a required filing late or in an incomplete form), the letter “E” will be appended at the end of the company’s stock ticker symbol. After the “E” is added, the company is given 30 calendar days (60 calendar days for most foreign companies and domestic banks), known as the “grace period,” to become current in its reports. If the company files complete required reports during the grace period, the “E” will be removed. If the company fails to correct its deficiency, the company’s stock symbol will be removed from trading on the OTCBB.

In addition, repeated delinquencies by a company in filing complete periodic reports with the SEC or other applicable regulator, or removal of the company’s security from quotation on the OTCBB because of its failure to file required reports within the prescribed period, can result in the security becoming ineligible for quotation on the OTCBB for a one-year period.

Specifically, if an OTCBB-quoted company is delinquent in filing complete required annual and quarterly reports with the applicable regulator three times in the prior two-year period, quotations of a security on the OTCBB will be prohibited until the company has timely filed in complete form all required reports due in a one-year period. Further, if a security is removed from the OTCBB twice in the prior two-year period, the security is subject to removal from quotation on the OTCBB until the company has timely filed in complete form all required reports due in a one-year period. For more detailed information, please read FINRA Rule 6530.

Stock symbols for OTCBB securities may also have other fifth letters added to them, such as the letter “Q” (indicating that a company is in bankruptcy proceedings). You can view the complete list of fifth letters that may be attached to a company’s stock symbol on the OTCBB website. Stock symbol changes, as well as new issues, name changes, and deleted issues for OTCBB securities, appear on the OTCBB Daily List.

http://www.sec.gov/answers/eadded.htm

I agree with you on the incompetence but I'm finding it harder and harder to believe that they are really legit. Just too many red flags to blame it all on incompetence. Nobody's that incompetent, are they? Incompetent or dishonest..... Either option is not encouraging to investors.

I saw where the SEC took out 379 stocks. Looks like they're cracking down. Hopefully it's going to be just the beginning of a bad time for the scammers.


Renee from the iHub DD Support Board and Fraud Research Team put this together.

SEC Microcap Fraud-Fighting Initiative Expels 379 Dormant Shell Companies to Protect Investors From Potential Scams Massive Trading Suspension Is Largest in Agency History

FOR IMMEDIATE RELEASE 2012-91

Washington, D.C., May 14, 2012 — The Securities and Exchange Commission today suspended trading in the securities of 379 dormant companies before they could be hijacked by fraudsters and used to harm investors through reverse mergers or pump-and-dump schemes. The trading suspension marks the most companies ever suspended in a single day by the agency as it ramps up its crackdown against fraud involving microcap shell companies that are dormant and delinquent in their public disclosures.

Additional Materials

Trading Suspension Order :

http://www.sec.gov/litigation/suspensions/2012/34-66980-o.pdf

Investor Bulletin: Trading Suspensions:

http://www.sec.gov/investor/alerts/tradingsuspensions.pdf

Microcap companies typically have limited assets and low-priced stock that trades in low volumes. An initiative tabbed Operation Shell-Expel by the SEC's Microcap Fraud Working Group utilized various agency resources including the enhanced intelligence technology of the Enforcement Division's Office of Market Intelligence to scrutinize microcap stocks in the markets nationwide and identify clearly dormant shell companies in 32 states and six foreign countries that were ripe for potential fraud.

"Empty shell companies are to stock manipulators and pump-and-dump schemers what guns are to bank robbers — the tools by which they ply their illegal trade," said Robert Khuzami, Director of the SEC's Division of Enforcement. "This massive trading suspension unmasks these empty shell companies and deprives unscrupulous scam artists of the opportunity to profit at the expense of unsuspecting retail investors."

Thomas Sporkin, Director of the SEC's Office of Market Intelligence, added, "It's critical to assess risks to investors in the capital markets and, through strategic planning, develop ways to neutralize them. We were able to conduct a detailed review of the microcap issuers quoted in the over-the-counter market and cull out these high-risk shell companies."

The SEC's previously largest trading suspension was an order in September 2005 that involved 39 companies. The federal securities laws allow the SEC to suspend trading in any stock for up to 10 business days. Subject to certain exceptions and exemptions, once a company is suspended from trading, it cannot be quoted again until it provides updated information including accurate financial statements.

Pump-and-dump schemes are among the most common types of fraud involving microcap companies. Perpetrators will tout a thinly-traded microcap stock through false and misleading statements about the company to the marketplace. After purchasing low and pumping the stock price higher by creating the appearance of market activity, they dump the stock to make huge profits by selling it into the market at the higher price.

The existence of empty shell companies can be a financial boon to stock manipulators who will pay as much as $750,000 to assume control of the company in order to pump and dump the stock for illegal proceeds to the detriment of investors. But with this trading suspension's obligation to provide updated financial information, these shell companies have been rendered essentially worthless and useless to scam artists.

"This mass trading suspension is an effective and novel way for the SEC to neutralize potential threats to investors," said Chris Ehrman, Co-National Coordinator of the SEC's Microcap Fraud Working Group. "With the ability to leverage staff expertise throughout the agency's offices and divisions, the Working Group is uniquely positioned to take on risk-based matters like these and focus resources where they are needed most."

This SEC enforcement effort has been led by Mr. Ehrman, Robert Bernstein, Jessica P. Regan, Leigh Barrett, and Megan Alcorn in the Office of Market Intelligence along with Microcap Fraud Working Group staff from each of the SEC's regional offices: Tanya Beard, David Berman, Sharon Binger, Melissa Buckhalter-Honore, Lisa Cuifolo, Tracy Davis, Elisha Frank, Kurt Gottschall, Lucy Graetz, Jennifer Hieb, C.J. Kerstetter, Victoria Levin, Aaron Lipson, Michael Paley, Farolito Parco, Jonathan Scott, and Lauchlan Wash.

The SEC appreciates the assistance and cooperation of the Federal Bureau of Investigation's Economic Crimes Unit.

http://www.sec.gov/news/press/2012/2012-91.htm

No, hyrpowr, I didn't mean it that way. If you're in it, you haven't got much more to lose. I don't think you'd stick a lot of money (any) in it now as a fresh investment though, would you? That's more in line with my meaning.

Good luck to you.

I have to admit it kind of surprised me a little, coming on the heels of last weeks pump. Not going up in the face of the pump was bad enough but to be whipsawed down right afterward is probably going to chase all but the most foolish away or at least make them very cautious.

The reports aren't that difficult to prepare. It's not like there are sales or any income to report. As far as the "Management's Discussion of Results", it's not like they have a lot (or any) results to discuss. About the only thing new they can talk about is the website and what are they going to say? Maybe something like, "We got some pretty pictures of other peoples equipment and operattions and someday we might even find enough gold to show up in a picture."

Ratpoor Resources files NT 10-Q. Second late filing in a row.

http://sec.gov/Archives/edgar/data/1413299/000114420412028363/v313152_nt-10q.htm

"The Registrant cannot file its annual report on Form 10-Q for the quarter ended March 31, 2012 within the prescribed time period because of delays in completing the preparation of its financial statements and management's discussion and analysis in light of the Registrant’s limited financial resources and accounting expertise available for this purpose.

I knew Alf should have signed up for those Financial Accounting courses.

RE: RRHI - Raptor Resources Holdings, Inc. Scam???

The CEO, Alfred M. "Al" Pietrangelo, was involved with the Dark Dynamite [DKDY] fiasco too. The pattern there was to issue hundreds of millions of shares of stock to officers and "consultants", sell, reverse split to bring the price back up and repeat the process. A $2,000,000 investment bought and held is worth about a buck today. He was named as one of the "consultants" back then.

I found at least one lawsuit claiming fraud and racketeering naming him as a codefendant. The case was dismissed on technicalities. "...to base a RICO claim on predicate acts of mail or wire fraud, a plaintiff must state "the identity of the person who made the misrepresentation, the time, place and content of the misrepresentation, and the method by which the misrepresentation was communicated to the plaintiff." Id. (internal quotations omitted), Inasmuch as Plaintiff has not made any such allegations of mail or wire fraud or alleged any other racketeering activity as defined by the RICO statute, he has failed to state a claim under 18 U.S.C."

However, the jusdge suggested the plaintiff re-file in State Court.

http://il.findacase.com/research/wfrmDocViewer.aspx/xq/fac.20040526_0001045.NIL.htm/qx

+++++++++++++++++++++++++++++

All of the entities, Raptor Resources Holdings, Inc., Raptor Networks/Mabwe Minerals, Inc. [RPTN], Lantis Laser, Inc and TAG Minerals, Inc, list their "headquarters" as 41 Howe Ln, Freehold, NJ. This is Alf's home. There are a number of other "business/companies" connected to this address, including a scrap jewelry operation, Metal & Gem Conversion, LLC.

https://www.google.com/search?q=METAL+%26+GEM+CONVERSION+LLC&sourceid=ie7&rls=com.microsoft:en-us:IE-Address&ie=&oe=#pq=metal+%26+gem+conversion+llc&hl=en&sugexp=lttmo%2Cn%3D230&tok=kGH3DvNb3kZjoVv3H2hFpA&cp=28&gs_id=f&xhr=t&q=%22METAL+%26+GEM+CONVERSION+LLC%22&pf=p&sclient=psy-ab&rls=com.microsoft:en-us%3AIE-Address&source=hp&pbx=1&oq=%22METAL+%26+GEM+CONVERSION+LLC%22&aq=f&aqi=&aql=&gs_sm=&gs_upl=&fp=1&biw=1600&bih=785&bav=on.2,or.r_gc.r_pw.,cf.osb&cad=b


I believe there are even more companies but I can't find my notes

RRHI - Raptor Resources Holdings, Inc. Scam??? Looking for more information on this company and its CEO and CoB. Al Pietrangelo.

To add to my earlier post, here are some of their broken promises.....

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.


> On March 17, 2011, the Company issued a PR stating, "TAG will effectively move into economically viable mineral production in the very near term, the first mineral extraction being gold."

It is now more than 14 months later and NO gold production


> On April 26, 2011, the Company issued a PR stating, "TAG intends to commence mineral production within the next 3 months, the first mineral being gold."

It is now more than a YEAR later and NO gold production.


> On May 24, 2011, the Company issued a PR stating, "TAG intends to commence alluvial surface mining for its gold extraction activities, where the soil and ore bearing gold is very close to the surface, eliminating the need to dig deep into the earth."

It is now almost a YEAR later and NO gold production.


> On July 21, 2011, the Company issued a PR stating, "TAG Minerals Zimbabwe (Private) Limited, anticipates commencing its own organic alluvial surface gold mining operations in the near future"

It is now almost 10 months later and NO gold production.


> On August 30, 2011, the Company issued a PR stating, "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..."

It is now almost 9 months later and NO gold production.


> On September 6, 2011, the Company issued a PR stating, "TAG Minerals Zimbabwe (Private) Limited (TAG-Z), is preparing to utilize a novel, low-cost method for extracting gold nuggets from near surface deposits..."

It is now about 8 months later and NO gold production.


> On November 17, 2011, the Company issued a PR stating, "Lantis Laser Inc. (OTCQB:LLSR), is pleased to announce today that its operating affiliate TAG Minerals Zimbabwe (Private) Limited (TAG-Z) is set to commence our own alluvial surface gold mining operations. TAG-Z's first purchase order for a state-of-the-art HPC-30 Gold Recovery System is being delivered to Harare, Zimbabwe the week of November 28th with full-scale commencement of mining for alluvial surface gold scheduled for the beginning of January, 2012."

It is now almost 6 months later and NO gold production.


> On January 18, 2012, the Company issued a PR stating, "Other viable gold mining claims have recently been registered, pegged and staked for Lantis' operating affiliate TAG Minerals Zimbabwe (Private) Limited, which enables expansion of our organic alluvial surface gold mining operations as we enter into production this quarter."

The quarter came and went. It is now 4 months later and NO gold production.


No one forced them or coaxed them into making the above statements.

A little more on RRHI

Broken promises......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.


> On March 17, 2011, the Company issued a PR stating, "TAG will effectively move into economically viable mineral production in the very near term, the first mineral extraction being gold."

It is now more than 14 months later and NO gold production


> On April 26, 2011, the Company issued a PR stating, "TAG intends to commence mineral production within the next 3 months, the first mineral being gold."

It is now more than a YEAR later and NO gold production.


> On May 24, 2011, the Company issued a PR stating, "TAG intends to commence alluvial surface mining for its gold extraction activities, where the soil and ore bearing gold is very close to the surface, eliminating the need to dig deep into the earth."

It is now almost a YEAR later and NO gold production.


> On July 21, 2011, the Company issued a PR stating, "TAG Minerals Zimbabwe (Private) Limited, anticipates commencing its own organic alluvial surface gold mining operations in the near future"

It is now almost 10 months later and NO gold production.


> On August 30, 2011, the Company issued a PR stating, "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..."

It is now almost 9 months later and NO gold production.


> On September 6, 2011, the Company issued a PR stating, "TAG Minerals Zimbabwe (Private) Limited (TAG-Z), is preparing to utilize a novel, low-cost method for extracting gold nuggets from near surface deposits..."

It is now about 8 months later and NO gold production.


> On November 17, 2011, the Company issued a PR stating, "Lantis Laser Inc. (OTCQB:LLSR), is pleased to announce today that its operating affiliate TAG Minerals Zimbabwe (Private) Limited (TAG-Z) is set to commence our own alluvial surface gold mining operations. TAG-Z's first purchase order for a state-of-the-art HPC-30 Gold Recovery System is being delivered to Harare, Zimbabwe the week of November 28th with full-scale commencement of mining for alluvial surface gold scheduled for the beginning of January, 2012."

It is now almost 6 months later and NO gold production.


> On January 18, 2012, the Company issued a PR stating, "Other viable gold mining claims have recently been registered, pegged and staked for Lantis' operating affiliate TAG Minerals Zimbabwe (Private) Limited, which enables expansion of our organic alluvial surface gold mining operations as we enter into production this quarter."

The quarter came and went. It is now 4 months later and NO gold production.


No one forced them or coaxed them into making the above statements. It is little wonder that the market is wary.

Another proctologist said, "Well, I wouldn't say it's my top priority, but it's right up in there."

Yeah, some of the guys who say they have money in it are trying to pass it off as "marketing" and the CEO's presenting of "experience" running a company that only existed on paper as a "required disclosure".

I'd really like to know what he was really doing for the years he listed as being CEO of the shelf company.

Well, I've got to go. I'll check back in later this weekend.

Have a nice evening.

Does anyone here have information or opinions on Raptor Resources Holdings, Inc. [RRHI] that they'd be willing to share? I think it may be a scam.

First, due to its complex structure -

> One 80% owned public subsidiary with no assets, Raptor Networks Technologies [RPTN]. This entity is due to be renamed to Mabwe Minerals, Inc. and with the new name will come a new stock symbol.

> One wholly owned subsidiary, Lantis Laser, a failed dental equipment company and the original company.

> One wholly owned subsidiary, TAG Minerals, Inc., which basically appeared out of nothing. (I'll get to that later)

> TAG Minerals holds a 49% interest in TAG-Z, a private Zimbawean mining company which, in turn, holds a 10% interest in Slashwood Mining, another Zimbawean mining and gold milling company.


Now to get to TAG Minerals appearance we look at the new CEO's Bona Fides.....

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.

"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, when it merged with Lantis Laser.

References:
https://wyobiz.wy.gov/Business/FilingDetails.aspx?FilingNum=2006-000527734
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?FilingNum=2006-000527733
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"


Recently, they brought their new company website on line. There are some nice pictures of working mine equipment and ore piles, etc. But, the pictures are NOT of RRHI equipment or operations!

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 used in RRHI website Image Gallery - To date, the company has not produced any gold.

OK, this post got a little longer than I intended so I will stop here. There's quite a bit more but I don't have the time to organize it all right now.

I'd appreciate hearing from anyone with additional info or opinions. Thanks and GLTA

Thanks Imcat, I'll do that. There's quite a bit more but I don't have time to organize it all.

Have a great weekend.

+++CORRECTION+++ to prvious post.

The reference to "One 67% owned private subsidiary, TAG Minerals, Inc"

SHOULD BE: One wholly owned subsidiary, TAG Minerals,

Sorry for any confusion the error might have caused.

Maybe, but I'm not counting on it.

They only have to issue an 8-K for a material event. I'm thinking the MOU is not really a material event or they would have released more information immediately and the stock would have reflected it.

An 8-K wouldn't prove that the MOU is worth anything but, on the other hand, if there is no 8-K forthcoming, that's proof the MOU is basically worthless. I guess it's a toss up.

Does anyone here have information or opinions on Raptor Resources Holdings, Inc. [RRHI] that they'd be willing to share? I think it may be a scam.

First, due to its complex structure -

> One 80% owned public subsidiary with no assets, Raptor Networks Technologies [RPTN]. This entity is due to be renamed to Mabwe Minerals, Inc. and with the new name will come a new stock symbol.

> One wholly owned subsidiary, Lantis Laser, a failed dental equipment company and the original company.

> One 67% owned private subsidiary, TAG Minerals, Inc., which basically appeared out of nothing. (I'll get to that later)

> TAG Minerals holds a 49% interest in TAG-Z, a private Zimbawean mining company which, in turn, holds a 10% interest in Slashwood Mining, another Zimbawean mining and gold milling company.


Now to get to TAG Minerals appearance we look at the new CEO's Bona Fides.....

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.

"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, when it merged with Lantis Laser.

References:
https://wyobiz.wy.gov/Business/FilingDetails.aspx?FilingNum=2006-000527734
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?FilingNum=2006-000527733
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"


Recently, they brought their new company website on line. There are ome nice pictures of working mine equipment and ore piles, etc. But, the pictures are NOT of RRHI equipment or operations!

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 used in RRHI website Image Gallery - To date, the company has not produced any gold.

OK, this post got a little longer than I intended so I will stop here.

I'd appreciate hearing from anyone with additional info or opinions. Thanks and GLTA

Looking forward to next week......

On Monday the changes to Raptor Networks should take place.

> 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.

> Changing the name of the Company to Mabwe Minerals Inc.

> Chaging the domicile of the Company from Colorado to Wyoming.

Until they start selling shares, RRHI will own 80% of Mabwe's I/O shares. There will be lots of Mabwe shares to sell or swap.

On Tuesday, both Mabwe and RRHI are due to report their Q1 results. No real excitement antcipated out of either report.

I was kind of suprised they didn't wait until after these "events" to start promoting the stock.

Now that's pretty sensible. I think they've shot themselves in the foot more than once trying to look like more than they are. It's actually worked against them.

That said, I think there's a lot more to mining and selling barite than some seem to realize. I'm not sure these guys are up to it. I'm not even convinced they intend to try to mine anything other than investors' pockets.

Good luck to you. I actually hope I'm wrong, but I think the odds are against it.

Looks more like the buyers are gone. Volume 6600 shares, less than $200 worth traded so far and bid and ask dropping.

10-Q due out soon. Not expecting anything good.

According to Thomson Reuters latest share data for RRHI....


Shares outstanding..........382.31 Million

Free float..................318.88 Million

Are you sure that was your whole post? I seem to remember there being more to it. Easy enough to follow the thread backwards a little, I suppose.

Have a nice evening.

Thanks hyrpowr, I was unaware that this happened from time to time. I passed on Knuck42's concerns to Admin. I haven't heard from them nor do I expect to as it wasn't my problem and I couldn't provide any details.

Exactly, Bepractical. It's kind of surprising how many people don't seem to understand the difference between honest marketing and false advertising.

I think everyone would like to see the details of the MOU. I would be pleasantly surprised if we did though.

So you've seen actual photos of the "mining" operations? Dan you please post a link so the rest of us can see?

What kind of equipment do they have? How much ore have they extracted?

That huge bucket wheel excavator is working day and night. How much ore is it producing for RRHI?

Sorry it took so long but I was working off memory rather than having the exact quote in front of me. Here is the quote....

"IE-TEC's HPC technology allows for 95% to 98% Gold Recovery down to 50 microns in size, but can also recover other high-density minerals as well as gemstones and alluvial diamonds, hence the name, Gold Recovery and Mineral Separation System."

Not exactly what I remembered but I was looking for information about the HPC-30's use as a multi mineral/gemstone separator. I still am.

http://www.globenewswire.com/newsroom/news.html?d=238554

How can you be sure of anything? Did I miss an announcement? Did they put up more pictures on the website? Are they just "stock" photos or real?

Is that "activity" even on RRHI's claim site? If so, I wonder why they chose not to put any pictures of it on the website, instead going with "stock" photos and a photo of completely undeveloped hills.