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WHY IS CHENE GARDNER STILL AROUND???
He is part of the Klok Mini Mob and will have his pants taken down with the rest ... I'm guessing you as well.
49R. You said $3MM stock give away was contractual ....
That the payoff of the notes required stock be paid. That would make sense if stock decline resulted in many more shares paid out to pay face value of notes with small premium.
NOT 100x FACE VALUE. PLEASE EXPLAIN THE TERMS. YOU APPEAR TO BE MISREPRESENTING THIS. AKA LYING.
So tell us about the SEC investigation.
Mexican Operating Mine - Same Bull, different day.
Eward,
Any questions posed to Miner are misplaced. He's one of them. Plus, he's been hanging on that project for 20 years. Emotionally imbedded.
The grades are about .3 grams which is a joke. You just can't mine something like that unless its well into the millions of ounces in open desert, warm climate.
It is prima facia not feasible.
Excelsior grades are a joke.
Sure, could make a run to .0005!
ALTO is a joke. I have spent a lot of time on mining stock and Excelsior is worthless. Not even close to being economic. All smoke and mirrors. Grades are horrible. They are a joke.
Anybody notice this last 10-K includes "UNAUDITED" Financial Statements?
ALTOE says they have no "disagreements" with auditors. Well how come they did not issue an opinion then? They were paid 46k for 2011?? Or was that for last years (2010 audit).
The "E" means delinquent too many times in filing with the SEC. No cash. No audit. No "E" removal.
Bye Bye ALTO.
I see we now have an "E" - big fat one added to the ticker symbol.
GCRC - you are correct. This is total amatuer hour. Grades are low. Would not be economic in a mine ten times its size. This is all BS. More of the same. All we got left is to read about it in the paper and maybe visit some of these dumb Bas%$#@%s in prison. Including you, McFarrrrrrrrrrrland!
Five ways to Improve ALTO?
Easy. Cancel all shares held by insiders and contribute all the cash received from the illicit sale of stock in your pump and dump scheme.
Then ALTO would have $20,000,000 in cash; 25,000,000 shares and would be rid of the lot of you as you'd all be fired but for the games you play with voting control and stock manipulation.
49r -
"the ore reserve estimate will conform to SEC Industry Guide 7 requirements" .....
I think you are full of Bull. There is no way meaningful work has been done on this property that is in conformance with present day standards. Do these supposed estimates comply, for example with Canadian 43-101 rules and regulations? You are suggesting a feasibility study has been performed on Excelsior?
That's outrageous BS. SEC IG 7 is largely definitional.
It states in part that ...
3. Estimates other than proved (measured) or probable (indicated) reserves, and any estimated values of such reserves shall not be disclosed unless such information is required to be disclosed by foreign or state law provided,
Any work done on Excelsior absolutely does not meet Canadian standards, which are accepted internationally, and further you are not required, and therefore are forbidden to disclose these in publiclly disseminated information.
49r ... You are gonna end up in the cell next to Klok if you arent a good bit more careful.
49er,
Bull. Control Shol. Klok still owns most of the stock. Therefore no outsider should want anything whatever to do with ALTO or any of its management.
How did your meeting with the SEC go? You did not respond to that question.
HMITWATCH -
While the SEC may not disclose such activities, many public companies report on hte existence of such investigations and I believe that is their responsibility to do so.
Agree any info posted here should not be for the purpose of frustrating the efforts of the SEC or other regulatory body - but citizens are free to share whatever information they may have in their possession regarding ALTO or its wrongdoings.
The SEC does not typically disclose such things not only to protect the integrity of an investigation, but to avoid causing damage to the reputations of subjects in the event the allegations under review are found to be unjustified.
Again, I have no problem with public citizens disclosing such information in good faith and unless it for some reason actually compromised the investigation I do not believe they would care either. Shareholders should have access to any information available.
So ... Mssr. McFarland .....
How did the (SEC) meeting go ... ???
49erminer -
Transperency? If you are looking for a fresh start, how about posting or making available the SEC complaint regarding your meeting with the SEC of Feb 22 that you referenced.
What's new on that topic?
Please bring us up to date and provide some documentation.
CarJockey - Never is a better time to buy ALTO. It will be delisted and all participants sent to jail. Look elsewhere.
49Miner. Perhaps you could begin by getting all of the prior management that committed fraud against the marketplace to cancel a few billion shares. Right now, with Klok and his cronies holding all the stock, there is no reason for any of us to support ALTO in any fashion.
We wish you straight to @#%$%$#.
49erminer1 are you the same person as 49erminer? Why the dup?
49erminer1 ..... anything from the SEC you can post here?
You knew Klok? Is he as broke as ALTO or is there some coin to go after in those grungy pockets of his?
Thanks.
Justone -
I reread your post - and I retract my comment. We are saying essentially the same thing. They are all crooks, at least Klok and Denos ..... it's pretty easy to identify the crooks - they are the ones that got all the Bull$#%@ shares that were issued. I have no doubt that there were a few underlings on board that were strung along and taken in by Kloks BS, but thats largely irrelevent to the discussion.
I have no info other than what I've gleaned from available data on Klok/Denos scams. I'm appalled that its taken the SEC so long to drop the hammer. But it will drop. I'm sure they will bring friends.
Just One - You are either one of "them" - the crooks ..... or as naive as the day is long. Klok is part of a Mini Mafia. He and his cronies orchestrated a massive 700,000,000 share stock scam. WTF are you missing?
Truth - some of us may have other reasons to follow this drama. And you, my dear man wrote the longest post of all! Congrats!
Any missappropriation was immaterial. This was a dilution scheme. They issued 400 MM shares and dumped them. There was never Jack Squat for money in the company.
SEC investigation? What did you hear? Can you be more specific?
How bout a ding dang link.
Pepe - be carefull, you may have to change your handle to PooPoo if you keep investing in crooks like Klok.
Pepe - you don't get it. This company was a scam. Its all done.
GCRC - carefull! Is that REAL Copper you are offering? A bit generous, me fears.
49erminer - cashflow? Are you serious? His cashflow came from selling the 400 million shares he rained upon himself and his cronies. Are you Mark Klok AKA 49erminer?
Of course he's not a shareholder. Denos sold the hundred plus million shares Klok bribed him with to oversee legal matters on this scam. Both Denos and Klok presumably sold most of the free shares they were issued.
Klok is clearly a crook. He issued nearly 400,000,000 shares to he and his cronie lawyer Denos. The IRS and SEC will hunt them down. Klok will rot in Hell or in Jail.
Obviously, the whole thing is a scam. Klok obviously posted all the notes posing as CEO's for the dummy companies.
Amen! Somebody should report these guys to the Feds.