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I read the 2020 filings not something from 2017 that has had 3 years to be changed. They now don't convert into common. Read the 2020 filings.
You are mistaken, by reading info on OTC Markets it clearly says:
• each one (1) share of Series A Preferred Stock shall be convertible into zero (0) shares of our common stock; and
• each one (1) share of Series B Preferred Stock shall be convertible into zero (0) shares of our common stock
So they convert into exactly 0 shares.
Thanks for your help in getting us into the Top 20 on the Big Board! Awesome!
It was verified by the transfer agent
They filed a new Security Position Report with OTC Markets.
https://backend.otcmarkets.com/otcapi/company/financial-report/253509/content
After filing the Form 15-12G - all those shares now fall outside of Rule 144 since the company is a non-reporting company and had been a shell.
http://lawcast.com/2015/06/23/section-4a1-4a1%C2%BD-exemption-recommendations-amendment-rule-144-related-shell-companies/
Agreed. Team will be on site in 12 days. GLTA MM
Once again that is simply not true.
Those shares will be restricted for at least 2 years. It is not a hard concept to grasp.
The share count or float hasn't changed for 3 years.
From the June 30, 2017: "18,681,321 common shares issued and outstanding as of August 18, 2017"
TWO YEAR HOLD PER NEW PRESIDENT: July 1, 2020 Our intermediate term objective is to move to OTCQX status at the appropriate time, so let me put that objective together for you here in a logical thought process that is relatable. Buscar is a non-reporting company. There is no advantage to us to change that status. In fact, you can hold QX status as a non-reporting entity. As a non-reporting company, all new shares issued to new officers and directors, including me will have a two year hold. Beyond that two years, we plan to incentivize all shareholders in a unique way that encourages long term ownership. There are approximately 3.2M shares in the float. On the day that we issue the new restricted shares to lock in majority ownership as part of the reverse merger, the float will still be 3.2M shares.
No. The President of the company. Asked and answered about 20 times now.
We covered this. The shares have a 2 year hold on them.
Profitability is a key question. Thomas addressed that in the Podcast saying the assessment work would help determine the monthly costs of running the mine and the recovery rates. The nice part is we should know here in the coming weeks that answer.
We could be current here shortly
You are ignoring my question. Will they be mining gold in August or September?
I said I believe they will be pulling gold out of the ground here shortly just like Thomas mentioned on the Podcast.
He also said the refinery can separate PMG from the dore bars they will be sending in. So it is reasonable to think he believes there are PMGs in some of the veins. Just listen to the podcast and you can hear him talk about it yourself.
It is you that has not answered the question about if they will be pulling gold of the ground in August/September.
You see the filed an update form with OTC Markets - we have to be close to being current
I did answer that
So you are saying they are lying?
I answered what my opinion was.
So are you saying they won't be mining in August/September?
Anyone who listens to it. I want to hear the next one.
So you are saying Thomas was lying on the podcast?
It had a lot of interesting information
I believe them when they say they will be on site shortly and begin mining. That they will post settlement reports for us to see and we will see what they pull out. I'm believe they will be pulling gold out of the ground and anything else is just added profits.
Thomas talked about the time table on the Podcast - listen and you can make up your own opinion as well.
Listen to the podcast and hear what Thomas has to say about it.
Just excited about them mining again - can't wait for them to get it going.
No you said "i really don't give a shit where he is." But you would have to care otherwise I'm really confused
You are sooooooo close to seeing it. Look at the 2nd requirement "mandatorily files reports with the SEC". CGLD does not file with the SEC so the rest is moot.
As a result, since the company does not mandatorily files reports with the SEC it cannot take advantage of the Rule 144 because it was previously a shell at some point. Which for it to cease to be one means it was one. Which requires a 2 year hold.
I'm a bit confused - so you are saying they are lying about being at the mine in August?
So then you must be excited to see the results of them mining shortly
California, actually.
I'm confused you said he was lying - so when do you think he will be on the mining site?
So you are claiming he won't be on site in August? That he lied about that?
Yea. If I recall Thomas mentioned on the Podcast that this was a 21 year effort to put this together.
When they start mining and pulling gold out of the tunnel that would be the proof.
So you saying Thomas is lying?
Don't forget to listen to the Podcast and hear directly from Thomas what he has plan - https://www.buscarcompany.com/podcast
The Company has a forum for questions: https://www.buscarcompany.com/forum
You claiming they won't be mining?
The transfer agent would disagree with you as would the broker depositing the shares. Those shares are not going anywhere for 2 years unless the company files a Form 10 or a registration statement for the shares.