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For all those who say negative of Mr. Petty, FYI per financial
Related Party Loan – During the three months ended September 30, 2010 Mr. William A. Petty advanced the Company a total of $307,835 to pay for mine related costs and expenses in Bolivia. Terms of this loan have not yet been negotiated as of the date of this report, as additional advances may be made on this loan.
-Common Stock, $.001 par value, 200,000,000,000 Shares Authorized 80,920,000,000 and 29,500,000.000 Issued and Outstanding Respectively $ 74,469,900 $ 29,500,000
from the 9/30/10 financial issued yesterday
If it counts for anything, they did make the effort to be financially compliant with the 6/30 financial and the 2009
Just for fun for those who have been here. Doing a people search and looking for info on anybody, Kurt Spenkock, Howard Dunn, Stephen Nichols, William Martucci, Angelo Brown, etc. Can't find anything. Heres and old BS line for ya
Jul 10, 2006 08:30 ETFranklin Mining, Bolivia Signs Contract With COMIBOL for Partnership in the Cerro Rico Mines
LAS VEGAS, NV -- (MARKET WIRE) -- July 10, 2006 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) CEO Jaime Melgarejo announced today the partnership between COMIBOL and Franklin Mining is official. This is the first time COMIBOL has partnered with a corporation outside of Bolivia since the 1950s. COMIBOL is Bolivia's national mining company. Franklin Mining, Bolivia (a Bolivian corporation) is a subsidiary of Franklin Mining, Inc.
"We signed the Letter of Intent back in November. One of the last hurdles was the Board of Directors approval, which we cleared a couple of weeks ago. Our team has worked diligently to finalize negotiations with COMIBOL and to sign the contract. This is the biggest event for our company to date. The fact that we were able to do a partnership with COMIBOL is significant. The fact that we were able to do this partnership with COMIBOL on the CERRO RICO MINE is phenomenal," stated Jaime Melgarejo.
This partnership encompassed four veins in the Cerro Rico de Potosi Mine (San Miguel, San Pedro, Mesa Pata and Alco Barreno). The Cerro Rico (located southeast of the city of Potosi, Bolivia), under COMIBOL's ownership, is considered the world's largest silver deposit and one of the most popular tourist attractions in Bolivia.
In April 2006, FMNJ.PK announced COMIBOL's assignment of the four veins in the Cerro Rico de Potosi Mine and requested analysis of each vein's potential value from COMIBOL. An analysis of the San Miguel vein, the first of four reports to be received, was released on May 18 describing a mineral vein 1,600 meters in length and believed to contain 154,000 kilos of silver, 9,881 tons of tin and 28,758 tons of zinc. The San Miguel vein is in the northwest quadrant of Cerro Rico de Potosi, approximately 1,600 meters in length with a width that reaches 2 meters. The remaining analysis are under review at this time. An important note: concentrating plants have also been authorized by COMIBOL.
Franklin Mining, Bolivia S.A.'s joint venture with Bolivia's COMIBOL expects to initiate operations following a full review of its assigned four mineral veins. Behre Dolbear, mining consultants to Franklin Mining, Bolivia S.A, will review all four reports.
Additional information on silver, its uses and demand, is available from two non-profit groups -- The Silver Institute in Washington, DC (www.silverinstitute.org) and the Silver Users Association in Fairfax, VA (www.silverusersassociation.org). The World Silver Survey is published annually by GFMS Limited, London, and is available from The Silver Institute.
Franklin Mining, Bolivia S.A. (a Bolivian corporation) is a subsidiary company of Franklin Mining, Inc. COMIBOL is Bolivia's state-owned mining company.
For additional information on Franklin Mining, Inc, please visit our web site, www.franklinmining.com. To receive Franklin Mining news by e-mail, please send contact information to info@franklinmining.com.
Have you seen Austin's website. Good luck on getting information
Oddly, EMNI is almost up to a penny.
Yeah?? And??
Balance, June 30, 2010
Preferred - 10,000,000
Common - 61,958,866,453 authorized
13,808,034,229 Issued
and Outstanding
It's an accounting document for financial reporting requirements not a press release, idiot
Click on the financials section.
www.otcmarkets.com/stock/fmnj/quote
Latest financial is posted on pink sheets. December 31, 2009
reverse splits
I'll take a look as well. I am a CPA. Might as well put it to some use.
Not likely before Labor Day. Nobody watching
Don't worry. FMNJ doesn't mine anything. Never has probably never will
FMNJ selling shares for more nonsense deals.
FMNJ painted back up to 2 at the end of the day.
FMNJ making meaningless promises.
FMNJ having split offs and giving away the house and new shares to insiders.
FMNJ making premature announcements
FMNJ losing out on financing deals.
Some things never change.
Not really sure of the exact date, but a good dozen years now and counting.
Never left
I have some that say WCMC
memorandum
Date: April 16, 2010
From: The Office of the President
To: Franklin Mining, Inc. Shareholders
--------------------------------------------------------------------------------
In concluding my January 2010 Letter, I said “… 2010 promises to bring BETTER things for all.” Working to keep that promise kept me very busy this first quarter. And a lot of progress has been made, with contributions coming in many forms:
ü Finalizing the sale of our energy assets to Energy Management International will soon result in a significant return to Franklin from our 2008 and 2009 investment in acquiring those assets; I hope to be able to have this complete by the end of June 2010.
ü Our Joint-Venture with Planet Resource Recovery to develop and operate Bolivia’s San Antonio de Turiri antimony mine fully defined during the First Quarter and announced on April 8.
ü Our Executive Vice-President for Corporate Development, Mark Kesselman, and I renewed old relationships and established new relationships with solid potential later in the year.
ü And – as many have been asking – on-going negotiations for the financial investment in our Escala Mina I Joint-Venture are very nearly complete and I am close to being able to announce full details.
The most important news in this First Quarter’s letter is confirmation of our joint-venture agreement with Planet Resource Recovery, Inc. for operations at the San Antonio de Turiri antimony mine.
Based in Houston, TX, Planet Resource Recovery, Inc. is developer, manufacturer and marketer of PetroLuxus™ and other “Green” technologies for the remediation and recovery of resources using environmentally friendly chemical compounds and processes.
Under the terms of our agreement, Franklin has assigned all rights and interests in the Turiri to Raptor Ventures, LLC, our joint venture company which will operate the mine. Franklin and Planet Recovery will share gross revenues equally (50:50) after all operational expenses are satisfied.
The San Antonio de Turiri, located in Bolivia’s primary antimony belt, consists of three parallel veins approximately 1.5 kilometers in length, 3 meters in width. The main ore body ranges from 60% to 67% pure; the secondary ore body consists of 5% - 10% purity. Recent geological studies and laboratory analysis have indicated that less than 5% of reserves have been mined.
In early May, Planet Resource Recovery executives and technicians will travel to Bolivia to finalize arrangements for the immediate mining of an estimated 50 tonnes of antimony and coordinate the deployment of equipment and supplies needed for implementation of expanded operations in Phase Two of our plan announced in a February 2, 2010 Press Release. As we launch the joint venture operation, progress will be announced by Press Releases from Franklin Mining, Inc.
Before I conclude, allow me to re-emphasize the importance of two of my earlier comments. First, terms of our pending Escala financial investment are about ready to be announced. I returned to Bolivia on April 6 for a series of meetings in La Paz and Santa Cruz with Ministry officials. I had additional meetings this week and have scheduled meetings for early-next week. At the first available opportunity, terms and conditions will be announced. Second, I want to express my appreciation to Mark Kesselman for his assistance these past three months. When Mark joined Franklin in late-Janauary 2010, I knew that, even though he could not give us a long-term commitment, his experience as an international financial executive would benefit Franklin. And for that reason, we are continuing to work together on a month-to-month basis.
As always – with any developing situation – there are a small number of pending events, each of which is important to the future of our company. In a February 9, 2010 Press Release, I said, “… I can see that Franklin will soon bring an unprecedented level of economic development to both of our current projects. I can see that Franklin now has the opportunity to rapidly implement a focused plan for expanding both our Escala joint-venture and our Turiri operating agreement.”
I am confident that our Company is about to begin a truly exciting period of growth and development as we continue to focus on our Escala and Turiri joint-ventures.
I will keep you informed as we move forward.
Sincerely,
William A. Petty
Chairman, CEO and President
Franklin Mining, Inc.
Thanks.
I would rather loose my entire investment than sell short.
My point about Bill's age is relevent. The business relationships of the company are hinged upon one senior citizen. I hope he lives to 100, but it needs to happen soon for him. I can still waite, I am only 45 (not an only anymore)
I love the names people have for me, Marty, Stillscum. It's beautiful.
Time to give it up Iman.
I have
If I could get rid of this stock at any reasonable price I would.
This company is being led by a seventy year old man ( I don't know how much energy the guy has left. not being critical, but just stating facts) who has never followed through on one press release.
They refuse to communicate with their shareholders (try calling the offices, or Andrew Austin's for that matter) and just don't have the ability to get the job done.
It will never happen. It has been fun hoping for the last dozen years (that's how long it has been for me) and it kept some dreams alive for me when I needed it. I am just thankful I don't need it now.
Again, Iman, it will never ever do anything
I wish you well in your other investments. This one will never pan out.
Management made to many wrong decissions, had the wrong people running it Jaime and now an oil man in Bolivia. It started for me with Slick Willy Martucci.
Well, it looks like someone has been to the locations. Silver's been to Midwest, Royal's been to Bolivia and I went to San Antonio.
There was an office, in an office park. No sign on the door, but If you remember I did get lunch on the Company. So I've got my return already.
Silver, did you go out to lunch?
Royal did they take you out to dinner at least?
Well put.
Today's date : 2/16/10
From the Presidents 1/1/10 memo:
As for details on possible new fundings and details on 2010 plans for the Escala and Turiri mines, PinkSheets.com requires our 2009 financial statements and annual report be filed by February 15, 2010. In that report, I will provide as many details as possible and outline our plan of action for developing both mines; I will also provide an update on the status of the energy division and our potential future benefits.
Said he would increase the outstanding. Not the authorized
If I sold exactly right, I could have probably made about $600,000 at the time. I was greedy and stupid. Yes you are correct, and I have not sold. I am still waiting it out, but I have lost almost all faith at this time. I have nothing to offset any loss yet so I am holding. May get lucky still, but I am just discusted with management and their communication.
My first shares were purchased pre splits at $13.00
100 billion shares you mean. After more than ten years and three leadership changes and down $90,000 i have lost faith. I will take the write off next year.
Long memo posted on website.
I would appreciate any information you can provide. I have been unable to contact headquarters or Steve. There telephone system is more of a joke than ever.
It is my understanding that the oil and gas is not sold. Also, my guess is that the Planet connection is for the antimony. Just my guess.
Authourized shares back up to where we expected them to be at 35,000,000,000
11 or 12. I was conned by William Martucci...
I will call Steve next week
Spoke with him late last week. Still alive. In fact, he called me.
Same with me. At about .0009 I will be even
It was just a bad check. You would have to assume they would write another one.
Let me put this to rest. The share count is or will be 35 billion by the end of this month. JMO
Small. An office complex. I did not meet Bill only met and dined with Steve.
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