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Pick - Dallas. Thanks.
Pick - Oakland Thanks.
Pick - Carolina
Pick - Seattle
Thanks.
This is real interesting. We have another internet mine peddler getting the Gold from Drake and Clayton. I believe the Arizona mine was being peddled on a message board and here we are with another message board peddled claim:
http://goldismoney.info/forums/archive/index.php/t-36005.html
Prospector number {105-10-2006, 11:55 AM
My name is Jan Yarrington and I've been assc. with prescious metals for the past 40 years. I have never been wrong yet; And to answer your question, it is; "Yes"! It will top $15.00 an o/z or higher. I expect gold to go to $999.99 per. oz by the end of 2006. And when gold hits that silver will be close to $20.00 an oz. P.S. I discovered gold, silver & plat. in a rich deposit in the state of Georgia U.S. I need help to retrive it; If you know anyone that could help me, please let me know. I've prospected many parts of the u.s. found lots of gold & silver but nothing to compare to the one I'm talking about. This gold is, when you find it 96.7 % pure. It took me 23 years to find the main vain, but I did. "Let me know if you can help me out, Thank you, Jan
So we are to believe Mr Yarrington is being very secretive and is reticent to deal with a public company yet he posts his find on a message board to find an investor. I'm beginning to think the only way to make $ on Drake is to stake a claim and peddle it on the internet and get Clayton to invest Drake in it!
Yeah, and their EPS is 10 times their current share price. EOM.
OK, so in November they were nearly good to go with the Jackpot Placer mine:
http://biz.yahoo.com/iw/061108/0181952.html
BLM PERMITS
Last week management was informed by Craig Parkinson, Drake's hired geologist, that the BLM permits have all been completed and the application has been sent to the state department. The approval process is normally 2-3 weeks but due to the relationship Dan Patch has with the BLM it is thought that it could be completed sooner. In addition, because existing work was performed on site years ago, the reclamation bond is expected to be much lower than expected allowing Drake to incur a lower capital expenditure.
Now, Aug 2007, the Jackpot Placer mine may no longer fit into their plans:
http://biz.yahoo.com/iw/070803/0286181.html
We have a slate of projects in the pipeline that have met or are in process of meeting the formulation criteria contained in the executive summary. The projects will be announced as it becomes competitively viable to do so. Additionally, delays with the Jackpot Placer Project are currently being evaluated to determine the project's compliance to the criteria as part of the company's comprehensive approach to project oversight.
So, after a year of waiting for permits it would seem that there will be no permits and that this project doesn't meet the stringent criteria to move forward.
OK, now that I've gotten through the cynical part of this post I do have one thought that it seems that there are too many balls in the air and that they can't get focused on doing one thing really well, initially, and building upon that. Time will tell and so far time has not been telling that great a story here.
B
Reading the 3rd amendment to the purchase agreement, looks like MOBL is being sued by Thomas E. Mazerski? Anyone have details on that?
http://www.sec.gov/Archives/edgar/data/769592/000114420407037408/v081442_ex10-4.htm
(d) Notwithstanding Section 10.3(a) to the contrary, the Seller shall assume the defense of all Mazerski Claims and shall bear and be solely responsible for all costs and expenses in connection therewith, and shall have the right to assert any claims, including counterclaims, against Thomas E. Mazerski and/or Deborah Mazerski in connection with the employment of Thomas E. Mazerski and/or Deborah Mazerski at CloseCall during the period of time that CloseCall was a subsidiary of the Seller, and shall bear and be solely responsible for all costs and expenses in connection therewith. In the event that the Seller recovers for itself, the Buyer or any applicable Target Corporation on any claims or counterclaims against Thomas E. Mazerski and/or Deborah Mazerski, the Seller shall keep the proceeds of such recovery and from such amounts shall reimburse the Buyer out of the proceeds of such recovery, from dollar one, for Buyer’s reasonable legal and other expenses and court costs associated with participating in the litigation of the Mazerski Claims or claims brought by the Seller against Thomas E. Mazerski and/or Deborah Mazerski.
Let me see if I understand this properly. First, you buy PNMS shares. Then you get a cert, which you then sign over to this Panamanian company and give it away. You then get, in return, placeholder shares in a foreign stock exchange. Then you have to give this foreign company your passport information? Sorry to be so cynical, but this sounds kind of fishy to me. Can someone please explain how you are supposed to make money from investing in PNMS? Real answers please, I am having great difficulty understanding the validity and logic of this investment. TIA.
paid pumper -
Who is this we you keep referring to? What do you base the run up prediction you keep mentioning also? Are you basing your comments / thoughts solely on Clayton? Are we in for another remaking of this company into something else?
paid - What stock are you watching? Come on now, this stock is in the tank going nowhere soon. It needs a good infusion of real news and less pumper.
Honestly, do you really think The Donald cares about his shares in this company? He was given those shares and he probably carries more cash in his wallet then they are worth. I just think to focus on the Trump association gets everyone starry eyed for no reason. JMHO.
picks4u2c - Actually, it was speculated in an earlier account that the new venture is part of the new Fox News Business channel, which I doubt would be this animation project:
http://www.medialifemagazine.com/artman/publish/article_12212.asp
On Friday, Trump's PR troops were busy pumping up his next show, whatever it may be, saying in the statement, “If Mr. Trump's past TV success is any indication of the future, then one can anticipate that millions of 'Apprentice' fans will be migrating to his new venture.”
As to what that new venture will be, there’s some speculation that he’s shopping a different reality program to other broadcast networks. But another, more interesting rumor from Mediabistro's TV Newser blog has him readying for a show on Rupert Murdoch’s soon-to-launch Fox News business channel.
Chadman
Here's one that will be quickly deleted, but I'm waiting for the gold plated wheel covers and the gold plated light switch covers. :)
B
It would be nice if they would actually PR something rather than string us along with these website CEO updates. You notice that the updates don't include the forward looking statements note which, if I'm wrong here please correct me, means they can say basically whatever they want and paint as rosy a picture as they want without any repercussions. This stock is in the same position it was a year ago when the MPC began touting it. The trend over the past couple of years of talking a great game and not having much to show for it is still the case. No matter what anyone says, until the company shows some tangible, significant, progress we will wither on the vine indefinitely.
Z - Honest Question:
If you had a nice sum of cash to invest, today, in either DKGR or PPBL, which one would you put your money into, or would you split it evenly?
To be fair, I would probably answer that by saying PPBL is a better investment at this time and I would most likely put more or all in PPBL.
How about you?
tyril -
The shares were not "officially" issued for helping with the financing, it doesn't make it a bad thing, him having a stake is fine:
http://www.finanznachrichten.de/nachrichten-2006-09/artikel-7056786.asp
Trump gets 1.7M Premiere shares
WASHINGTON (AFX) - Donald Trump on Wednesday got 1.7 million shares of Premiere Publishing Group Inc., which publishes the billionaire real estate developer's namesake Trump Magazine, thanks to a gentlemen's agreement.
'An agreement is an agreement,' said Premiere Publishing Group Chief Executive Officer Michael Jacobson. He gave Trump the shares because when the two men were launching the magazine together, they agreed to hold the same amount of shares.
'We had this oral understanding,' Jacobson said. 'What happened is a couple of weeks ago he (Trump) asked me about it and he was absolutely right.'
Jacobson has published Trump Magazine for about three years, and is also its editor.
The shares were given to Trump without consideration, according to a Securities and Exchange Commission filing.
Trump and Jacobson now own an equal amount of company stock -- about 3.7 million shares each, according to SEC filings. Added together, that's a 45.8 percent stake in the New York-based company, which went public in June, Jacobson said.
Premiere Publishing Group shares closed Wednesday at 80 cents each, down 7 cents.
Jacobson visited the Trump Marina hotel-casino in Atlantic City, N.J., 'to blow off some steam' after the Sept. 11, 2001, terrorist attacks and noticed there were no magazines in his suite.
'The lightbulbs went off and I said, 'Trump, the magazine,' Jacobson recalled.
He got a meeting with Trump and won the mogul's support to launch a men's luxury-lifestyle magazine using the Trump name. Legend Merchant Group, a New York investment company, later persuaded Jacobson to take his publishing company public.
The investment company gave Jacobson 5.4 million shares and Trump 2 million shares, Jacobson said. But the two already had an oral agreement to hold the same amount of shares, Jacobson said. The CEO and editor said he stood by his word and gave Trump enough shares for him to have an equal stake.
The quarterly magazine has a circulation of 200,000, Jacobson said, adding that 50,000 copies are distributed at Trump properties.
Trump first appeared on his namesake magazine's cover for the Spring 2006 issue. Trump's daughter, Ivanka, is on the Summer 2006 cover.
Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Z - Actually it went "public" in June 06. http://www.mediaweek.com/mw/news/print/article_display.jsp?vnu_content_id=1002691117 Again, I am not arguing that the company doesn't have potential, but to assert investors don't know about it yet is a bit disingenuous. Anything to do with Trump does not go unnoticed. That being said, it would appear to be priced fairly and will need some more fuel in order to make any serious moves.
B
Z - I don't disagree that they have shown a small profit the past few quarters. I said it is encouraging, but not a slam dunk like you appear to be making it. Now, since Trump became a shareholder in September, the price has dropped steadily. It spiked to around 1.00 about the time Trump received the shares, however since it has dropped from .80 to the current .35 range. The market rarely screws up in the long term. Stocks, over time are priced at what the market will bear. The market has already accounted for Trump in this stock. It needs something else in order to make any significant gains, IMO. Again, I will state again, I think this stock is interesting, but it's not a slam dunk.
B
Z - Again, not true. Where is Trump's name on the company? Sobe Life publishes Trump magazine & Poker Life magazines. Your implication that because the Trump name is associated with the company it is automatically destined for greatness is a bit overzealous to be kind. Check out TRMP. Here is an excerpt from the latest quarterly for PPBL, encouraging but not rosy:
As of September 30, 2006 we had cash on hand of $150,502 and barter credits of $1,287,648. This cash and barter credits is a result of our bridge financing in April and May 2005, Sobe Life, LLC's revenues, and the private placements of our
Investment Units in July through October 2005 and providing custom publishing services for PartyLife and World Player magazines. The bridge financing in April and May 2005 consisted of 8% convertible promissory notes that we issued in the aggregate amount of $560,000. The notes matured in November 2005 but are convertible at anytime at the option of the payee into our common stock at the rate of $.25 per share. One payee holding a $25,000 note requested repayment when the notes matured and we paid him back in full. All of the remaining holders have not requested repayment. We are hopeful that they will convert their promissory notes into our common stock.
We expect that the cash we have on hand will permit us to continue to operate for an additional 12 months based on our anticipated advertising, circulation and custom publishing revenues, as well as our anticipated expenses over that period.
The continuing development of our publishing business will be dependent upon our success in attracting advertisers and maintaining custom publishing projects. Future advertising may be affected by events and trends such as general economic conditions, alternative means of advertising and the circulation of our magazine.
Sobe Life, LLC has recognized revenue upon the publication and distribution of each issue of Trump Magazine for which advertising has been purchased and billed. At this point, collection is reasonably assured and Sobe Life, LLC, Poker Life Magazine, LLC and Premiere Publishing Group, Inc. Prepayments and/or deposits on advertising to be published in future issues are deferred until the publication and distribution date of the respective issue but many accounts pre-pay for advertising. In the normal course of business, Sobe Life, LLC, Poker Life Magazine, LLC and Premiere Publishing Group, Inc. extends unsecured credit to virtually all of its customers. Sobe Life, LLC believes it will be able to collect all advertising revenue, so it has not provided an allowance for doubtful accounts. In the event of complete non-performance, the maximum exposure to Sobe Life, LLC is the recorded amount of trade accounts receivable shown on its balance sheet at the date of non-performance.
For the period from May 1, 2004 through September 30, 2006, we have incurred a net loss of $3,598,621.
Z - Yes technically that is true, however those shares were not purchased directly:
Explanation of Responses:
1. Shares were transferred, without consideration, to Mr. Donald J. Trump as per a verbal agreement between Mr. Jacobson and Mr. Trump.
http://www.sec.gov/Archives/edgar/data/1338929/000089016306000622/xslF345X02/s11-6658_ex.xml
No way to tell for what reason as it's not mentioned in their quarterly report either. I'd suggest treading lightly here.
Couple of observations:
1. The close of .0015 would appear to still be below the pre split adjusted price. The % jump was nice, but we still are not back to square 1.
2. As with most my shares still haven't switched in my brokerage, consequently I would surmise very few people who bought in before the split would have been able to sell without a phone call the past couple of days.
I hope there is some more good news coming as folks accounts are noted going forward the big selling / PPS drop may be yet to come. GLTA
Let's see, less than 2% of the reported free trading shares have traded with about $25K changing hands. I think it's pretty stagnant actually. I suspect at this point there are those who have given up waiting and unloading and moving on. This will just keep withering away until concrete verifiable progress is made, JMHO.
Good to see you have some disagreement with Clayton. Bottom line, no filings, no closure. Also, Novak / Clayton must have a controlling interest here, making them more than 5% investors. As long as they don't file, they don't have to disclose their interest and therefor can do what they please.
Z - Garbage? So you don't agree with Clayton then:
http://www.ccnmatthews.com/news/releases/show.jsp?action=showRelease&searchText=false&showTe...
MARCH 29, 2006 - 13:36 ET
Drake Gold Resources, Inc. Announces Spin Off of Specialty Assets
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 29, 2006) - Drake Gold Resources, Inc. (PINK SHEETS:DKGR) is pleased to announce that we are completing negotiations for the spin off of the specialty assets from our former business model, including patented processes, wheel designs, patent pending switch plates and designs, a series of apparel designs and unique licenses in the sports world.
The assets are very unique and we have had some very interesting offers put on the table. Another company who deals in outdoor products, sports products and apparel has approached us, and they have made several offers for the purchase of these assets.
There are two likely scenarios, either a cash and stock transaction or an all stock transaction in which all stock would be issued as a dividend to current DKGR shareholders as of a soon to be determined record date.
If they were garbage why did Mychal Thompson lend his name and get involved? Why did Mel Renfro get involved?
Z - The only thing we know is what Clayton says. Good / Bad, again that's for each individual to decide. Until this company makes it's public filings we will not know the truth. As for what was promised, Clayton is the one who said nearly a year ago they were spinning off the old companies assets, to date that has not occured.
B
Z - That kind of glosses over reality, a bit. Clayton / Novak came on board in May 05 in an IR capacity. For whatever reason, over the next 6 months Clayton / Novak seized control. Not saying that's good, or bad, just stating what occured. Now, Clayton has said that P & J are gone, but due to no filing information we don't know the official ownership interest of this company. We've been told that Novak/Clayton have a huge financial stake, but nothing to prove that. Now, for the past 3 years, or so, we have heard that they are working on their filings, well to date nothing has occurred. Good / Bad, that's up to each investor to decide. Since the wheel company assets / liabilities have never been officially dispensed, we have no idea what happened there. Again, Good / Bad, is up to the individual investor. Until the company comes clean with it's filings you can not discount the many prior years of statements, PR's, relationships etc....
B
zero - To be clear, Clayton has been on board in some capacity since early Automotive Specialty Concept days.
OK, then where is the money coming from and what is being receieved in return for that $?
What shares would be getting cancelled? Per their website, there are 300 million free trading shares and 528 million restricted shares. What are the options, wouldn't they either have to buy shares on the open market and retire them, or convert the restricted to some other form? Thoughts?
Z - Thanks and best of luck to all in '07!
B
Z
Still don't see the divi listed on the OTC website you site often:
http://www.otcbb.com/asp/dailylist_search.asp?SearchDateForm=TRUE&OTCBB=False&searchbydate=d...
Any info on it's filing status?
B
How so? Are we looking at the same stock?
What is the status on submitting audited financial statements and the filing of their registration statement per the 9/15 & 7/20 PR's? Can they spin off the oil / gas & automotive companies before these financials are finished?
Speaking of divi spin off's, what ever happened to the automotive spin off they mentioned many moons ago?
z & others -
Again, I will sound like a "basher", but have any of you ever received a spin off dividend that ever amounted to anything? I have received several over the years and I haven't had one that ever did anything. You get so few shares, in the big picture of things, and the price never really takes off. That being said, I like the recent flow of news. I don't expect a huge price shot, however, until they actually get those permits. I just wish there was someone on the board who had a good understanding of the permitting process and could explain a bit of what is taking place. GLTA
B
liketotravel
I don't know what that means. That's why I put that out there, hoping someone with knowledge of BLM information might be able to shed some light on it. GLTA.
B
CuriousGeorge
The reason I pointed it out was that in their original PR they stated they had 200 acres and 3 claims. Wasn't sure how that all shook out.
B
Interesting stuff on the AZ BLM site:
http://www.blm.gov/az/mines/requirements.htm
Placer Mining Claim. Located upon deposits of loose, unconsolidated material, such as gravel beds, or upon certain consolidated sedimentary deposits lying at the surface. There are few limitations on the exterior dimensions of a placer mining claim, but a single individual cannot locate more then 20 acres in each claim. An association of two owners may locate 40 acres, three may locate 60 acres, etc. up to a maximum of 160 acres in a single placer claim located by eight or more persons. Corporations are limited to 20 acres per claim.
OK, now more interesting claim info from the BLM's website:
Page: 1 of ?
RunDate/Time:
12/11/06 12:03 PM
DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT
MINING CLAIMS
(MASS) Serial Register Page
NO WARRANTY IS MADE BY BLM
FOR USE OF THE DATA FOR
PURPOSES NOT INTENDED BY BLM
AMC47722
Serial Number
01 10-21-1976;090STAT0090;43USC1744
Case Type 384201: PLACER CLAIM
Commodity:
Claim Name: JACKPOT
Case Disposition: ACTIVE
Name & Address
Int Rel
% Interest
MEINERSHAGEN MARY 2816 E LAUREL LN PHOENIX, AZ 85028 CLAIMANT 0.00
County/State
District
LA PAZ County, AZ YUMA FIELD OFFICE
Mer
14 0030N 0180W 004 SW
14 0030N 0180W 009 NW
Twp
Rng
Sec
Subdivision
Act Date
Code
Action Text
Action Remarks
09/12/1959 403 LOCATION DATE
07/13/1979 395 RECORDATION NOTICE RECD
Receipt Number
09/01/2005 483 SMALL MINER CERT FILED 2006
09/01/2005 480 EVID OF ASSMT FILED 2005 1143411
08/31/2004 483 SMALL MINER CERT FILED 2005
08/31/2004 480 EVID OF ASSMT FILED 2004 942995
09/01/2003 483 SMALL MINER CERT FILED 2004
08/20/2002 482 MAINTENANCE FEE/$100 2003 544044
08/31/2001 482 MAINTENANCE FEE/$100 2002 370634
08/15/2000 482 MAINTENANCE FEE/$100 2001 168663
08/24/1999 482 MAINTENANCE FEE/$100 2000
08/10/1998 482 MAINTENANCE FEE/$100 1999
08/18/1997 482 MAINTENANCE FEE/$100 1998
08/27/1996 482 MAINTENANCE FEE/$100 1997
08/18/1995 482 MAINTENANCE FEE/$100 1996
08/26/1994 482 MAINTENANCE FEE/$100 1995
08/27/1993 482 MAINTENANCE FEE/$100 1994
08/27/1993 482 MAINTENANCE FEE/$100 1993;RECEIPT 2044743
12/16/1992 480 EVID OF ASSMT FILED 1992
09/01/2006 486 UNACCEPTABLE WAIVER 2007</B>
09/02/2003 488 ASSMT DOC RECEIVED 481;2003 743885
02/14/2003 396 TRF OF INTEREST FILED AZ GOLD MINES 743885
02/11/1988 396 TRF OF INTEREST FILED PATCH DAN
07/27/1987 669 LAND STATUS CHECKED
02/20/1986 635 AMENDED LOCATION FILED
07/13/1979 500 MAP IN LEAD FILE 47721
07/13/1979 501 ACCT ADV IN LEAD FILE 47721
12/17/1959 635 AMENDED LOCATION FILED 0;271;286
09/15/1959 404 COUNTY RECORDATION 0;263;417
Couple of ?'s:
1. Can someone explain the BLM permitting process, I've checked the BLM site and can't find a lot of specifics? How is the State Department involved?
2. The past two PR's contain, what I would interpret, as conflicting information.
Here is an excerpt from the one on 11/8:
"BLM PERMITS
Last week management was informed by Craig Parkinson, Drake's hired geologist, that the BLM permits have all been completed and the application has been sent to the state department. The approval process is normally 2-3 weeks but due to the relationship Dan Patch has with the BLM it is thought that it could be completed sooner. In addition, because existing work was performed on site years ago, the reclamation bond is expected to be much lower than expected allowing Drake to incur a lower capital expenditure."
Now, here is part of the one from this past Friday:
Drake Gold is still awaiting final approval of its BLM permits to begin operations. Unfortunately, this process has taken longer than expected due in part to the fact that the BLM has scheduled a geologist to visit and survey the Jackpot property in order to accurately assign a value to the reclamation bond. Once the BLM geologist has rendered his assessment and the permit is approved, operations are expected to begin.
We've gone from 2 - 3 weeks, to the need for a BLM geologist to come on site. Why have we gone from what appeared to be a mere formality a month ago to now the need for an onsite visit? I look at Friday's PR as not such a positive, but a lot of smoke being blown our way and then the real news, the BLM permit being delayed, kind of buried as an afterthought. You can attack me all you want, I don't see this as a big positive. If there are any mining experts out on this board, can you give us a quick and dirty synopsis of this permitting process? TIA