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Good morning all CGLDers. It's a beautiful day. Glad you are all here. MM
Good morning all! Hope it's a good one. MM
Should be an interesting week. Best to all of you. MM
I'm not skeptical at all. You must have been responding to the other person.
Would recommend you call the transfer agent and verify the numbers. It is an easy solution since the TA is who updates the share structure on OTC Markets hence the Transfer Agent Verified symbol. Thanks. MM
It they're not in the float, there's only one other classification. MM
They did answer that question. Below is link to the response and question to what the total number of free trading shares is. The total free trading share count is 3,255,004 with 3,254,916 held at DTC and the remaining 88 shares held in certificate form. The remaining shares are restricted. Not much more clearer than that.
https://www.buscarcompany.com/forum/general-discussions/maybe-you-can-answer-this-better-then-i-can-asked-on-the-board
Great week of consolidation for CGLD...
Please remember to follow the board at the bottom of this page if you haven't already. Glad to see you here. MM
553 followers on Facebook now. Most of those probably are not even aware of the Hub. Interesting to see how different groups are building across the social media sites. 34 followers on Twitter and 50 more in Instagram. Starting to build a nice following. MM
Good morning, CGLDers! Hope each of you have a good one. MM
Oh, yeah. That would be cool! LOL
Would keep the float tight, too and more in demand. MM
Well they did reduce the A/S to 250M and stated that they see no reason to have any number higher than that for the foreseeable future, so maybe leaning cash?
What about a cash dividend? Would you find that more attractive?
From the Company Website Forum...
Question: Are you able to say how many, if any, of the approx 15M shares out are issued to pay off old debts and the timing on those....concerns about toxic debt conversions...
Answer: We will address this issue further in the Q&A but the Company has already said there is no convertible debt and there hasn’t been any. There are 18,681,321 shares issued which can be found on OTC Markets and is updated by the transfer agent on a monthly basis. The last issuance occurred 3 years ago in 2017. Additionally, the Company SEC filings from 2017 show that the outstanding in Sept. 2017 was 18,681,321.
Fire Assays just added to the website I noticed. That's new. Here's the link...
https://www.buscarcompany.com/projects
https://a4270d14-14b9-4db5-b44e-ca57d78cafd8.filesusr.com/ugd/b0eadd_227d63af12464a1e84aa6b9a027b3323.pdf
Just the facts…
The first press release came out on June 8th. Over the course of 30 calendar days or 21 trading days, 4.3M shares have traded. That’s 135% of the 3.2M float. On a stock with 320M shares in the float, that would be the equivalent of 20.4M shares traded per day.
130% of the actual float traded in 21 days and that’s the float of record. There is one gentleman who has accumulated 20% of the float and has no intention of selling for several years as he has seen the potential of what is being built here, so only 2.6M shares are actually out there being traded.
3.2M in the float, 18.6M outstanding currently, all new shares to be issued have a 2 year minimum hold and the company has suggested that they plan to "incentivize ALL shareholders to encourage long term ownership”.
They’ve also stated clearly that “there are no shares available to be sold into the market by the company even if we wanted to” in today’s release.
So the question is, what is the definition of “Interest”. If you look back at just the past four weeks when we had 38 followers and now 122 are on the board, it doesn’t take much to realize that “Interest” in this project going forward is a matter of eyeballs and the number of eyeballs is growing steadily.
2.6M / 122 = 21K shares per
2.6M / 200 = 13K shares per
2.6M / 300 = 8.6K shares per
2.6M / 400 = 6.5K shares per
2.6M / 500 = 5.2K shares per
We should reach 500 followers before year end.
Just sayin… MM
How about this! 3.2M float, no reverse split for 18 mos., 2yr hold on all other shares, recent acquisition, billions in mineral reserves...all of this in one stock...CGLD. Check it out.
3.2M Float, 2yr hold on all other shares, no stock available to be sold into the market, recent acquisition... Check out CGLD.
...and in response to a recent question asked by one of our shareholders, there are no shares available to be sold into the market by the company even if we wanted to.
CGLD 50% Reduction in A/S! See NEWS below...
DENVER, CO -- July 7, 2020 -- InvestorsHub NewsWire -- Buscar Company, Inc. (OTC: CGLD) announced today that the number of Authorized Shares for the company will be reduced by 50 percent to 250M shares.
Buscar Company President Thomas W. Heathman stated, "As we build out our infrastructure, we do so with an eye on the long term strategy of the company. As we look out for the foreseeable future, we see no advantage to keeping the authorized share count so high. We are close to determining the number of shares to be issued to all new officers and directors and a 250 million authorized share count will be more than enough to cover the shares being issued. Today we filed with the Nevada Secretary of State to make this change."
Buscar Company recently announced the acquisition of Eon Discovery, a mining operation that holds the rights to the Treasure Canyon Mining claims located in Plumas County, California. More information on the 200 acre property, maps, drawings, assays and an appraisal of the mineral reserves can all be found at the company website, https://BuscarCompany.com.
Mr. Heathman finished up with, "All new shares should be issued to officers and directors by the end of this month and will be updated accordingly at OTCMarkets.com. As previously stated, all new shares will have a two year hold and in response to a recent question asked by one of our shareholders, there are no shares available to be sold into the market by the company even if we wanted to. On the day of issuance, the total number of shares available to the public will be the same as today; 3,254,916 free trading shares. We have much more to share with you in the coming weeks and I look forward to speaking with you again soon."
50% Reduction in Authorized Shares! CGLD
DENVER, CO -- July 7, 2020 -- InvestorsHub NewsWire -- Buscar Company, Inc. (OTC: CGLD) announced today that the number of Authorized Shares for the company will be reduced by 50 percent to 250M shares.
Buscar Company President Thomas W. Heathman stated, "As we build out our infrastructure, we do so with an eye on the long term strategy of the company. As we look out for the foreseeable future, we see no advantage to keeping the authorized share count so high. We are close to determining the number of shares to be issued to all new officers and directors and a 250 million authorized share count will be more than enough to cover the shares being issued. Today we filed with the Nevada Secretary of State to make this change."
Buscar Company recently announced the acquisition of Eon Discovery, a mining operation that holds the rights to the Treasure Canyon Mining claims located in Plumas County, California. More information on the 200 acre property, maps, drawings, assays and an appraisal of the mineral reserves can all be found at the company website, https://BuscarCompany.com.
Mr. Heathman finished up with, "All new shares should be issued to officers and directors by the end of this month and will be updated accordingly at OTCMarkets.com. As previously stated, all new shares will have a two year hold and in response to a recent question asked by one of our shareholders, there are no shares available to be sold into the market by the company even if we wanted to. On the day of issuance, the total number of shares available to the public will be the same as today; 3,254,916 free trading shares. We have much more to share with you in the coming weeks and I look forward to speaking with you again soon."
Great news out! Good morning CGLDers! Let's make it a good one. MM
Mining/Resources change request made. Thanks. MM
Good morning CGLDers! Hope it is a good one for you. MM
Please follow the board at the bottom of the page if you haven't already. GLTA Thanks. MM
What He Said About CGLD...
It's in today's PR.
So Let’s Review…
An all new management team taking control of a ticker with 18.6M shares outstanding and 3.2M in the float.
A statement by the President that all new shares will be issued to the new management team members and those shares will have a two year hold and that on the day these shares are issued to lock in majority ownership, there will still be 3.2M shares in the float.
A suggestion that they will put steps in place for all shareholders that will encourage long term ownership. (That's REAALLY COOL!)
The company has stated that they have cash in the bank and no debt and are looking at non-dilutive financing options.
Billions in raw minerals in the ground just waiting to be pulled out by a hands-on President with decades of experience and familiarity with the mine who will be on site daily managing the project himself.
A change of status to “Current” at OTCMarkets in the next few weeks.
A responsive team who answers questions from shareholders in a timely fashion.
An impressive website with a Forum section for addressing issues and topics not necessarily requiring a PR.
A Plan of Operations being filed that is not being done as a new Plan of Operations, but instead is a continuance of a Plan of Operations that was approved in years past.
And a plan to uplist to the QX.
Did I miss anything?
Oh, and everyone on the CGLD board giving me a follow if they haven't already!! LOL
"Everything covered here today is being done in the best interest of existing and future shareholders of Buscar Company, Inc."
"Our objective is to reach mining status as soon as possible. The filing of our "Plan of Operations" takes precedence over everything else at this point. It is being finalized and is expected to be filed shortly. Please note that this filing is not being done as a new Plan of Operations, but instead is a continuance of a Plan of Operations that was approved in years past."
"We fully expect to reach "Current" status at OTCMarkets.com in the coming weeks and that is our second priority in the short term."
"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."
"All former officers and directors of CGLD have resigned their positions in conjunction with the EON team being added in their place."
Mr. Heathman finished up with, "We want to thank you for your support as we work through all of the above and we look forward to covering more details with you soon. In the interim, we have created a Forum/Discussion board on our website. From time to time there may be topics of discussion that do not warrant a press release, but we'd like to share with you in a timely manner. Feel free to join the Forum to remain fully up to date."
Welcome Garyst! Glad to see you here. GLTY MM
..."this filing is not being done as a new Plan of Operations, but instead is a continuance of a Plan of Operations that was approved in years past."
And by the way, I believe this may ultimately be the answer to your question..."What will be the next catalyst?"
News Out - CGLD
WE want to welcome David Bernard to our company. He will be serving as an independent Board of Director as we begin building an independent Board of Directors. https://buscarcompany.com/about $cgld
WE want to welcome David Bernard to our company. He will be serving as an independent Board of Director as we begin building an independent Board of Directors. https://t.co/9TlV7DCEnW $cgld
— Buscar Company (OTC: CGLD) (@BuscarCompany) June 30, 2020