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Sidedraft...LOL! Good one! :o)
I think undervalue was going to alert the SEC about the impending R/S and the change of direction. As if that has stopped Eade before with his shenanigans. The guy is a master of deception and fleecing people out of their money.
IMO, the R/S WILL go through...the company WILL change direction, and then more R/S's will happen along the way, wiping out investor's equity.
What's to stop them? Apparently there's plenty of newbies out there to be had...
Does anyone remember this from liar Kenneth Eade?
http://www.globenewswire.com/newsroom/news.html?d=115673
BEVERLY HILLS, Calif., March 19, 2007 (GLOBE NEWSWIRE) -- Imperia Entertainment, Inc. (Pink Sheets:IPEI) announced today that its board of directors has approved a $500,000 plan to buy back company stock on the open market to reduce the outstanding shares and enhance shareholder value. The plan calls for the company to repurchase on the open market up to $500,000 of its stock, from time to time, at the discretion of management. The company reserves the right to modify the plan, depending on market conditions. The plan will commence approximately two weeks after the company's closing of a $10 million bond deal with Nexxus One Capital Trust of Switzerland, A.G. The bond is expected to close next week, and the company intends to monetize the bond within two weeks after closing.
"We feel that the market has discounted the price of our shares too steeply, and that a share buyback program would enhance shareholder value, restore shareholder confidence, and would be a good use of a portion of the capital we see from the bond financing," said Kenneth Eade, Company Chairman and Acting CEO. "With this share repurchase program we are affirming our confidence and optimism in the long term future of the company," he added. "I would also like to add that the company has no plans to do a reverse split of its stock at any time in the future, and this would not make any sense given our current buyback strategy," said Eade
What a bunch of BS! Kenneth Eade is such a LIAR!
Rich...yep, not too shabby. I'm holding a few uraniums which are still near the year lows. But I think if I give it some time, they'll come back. IMO, nuclear power will still be in great demand until there's a cheaper and safer alternative...
Good luck whatever you choose. I would just use extreme caution as this is most likely another Kenneth Eade scam....
No mining operations, no assets, no money, no nothing. Just an empty shell with a HUGE market cap and a crooked affiliated person named Kenneth Eade. Good luck with that!
Oh yeah...did I also mention that their previous financials were proven to be bogus?!
Anyone that puts their money into buying this stock really is looking for a world of hurt...
But more power to ya!
Rich....yep! It was looking like I was close about 2 hours into the trading day. I took a glance and the Dow was only down 200 points. Apparently it took a nose-dive shortly there after....
Since it's all opinion...anyone wanna predict how much the Dow drops in the morning? I say if we're lucky, only 200 points...
Hiding out in Paris most likely because as soon as he lands on US soil, his ass might end up in jail for stock fraud...
Thanks nodummy. I sure hope GSTP is on the SEC's radar.
It would appear that there was some major deception involved in this one (extremely misleading press releases, cooked financials, etc, etc.)
And to no surprise, Kenneth Eade is very much associated with the company...
I wonder if scam artist Ken Eade has cashed out of this one yet...
I'm guessing he probably did when it was trading much higher. But of course, the millions of shares he owned were probably in someone else's account. Makes it more difficult to trace back to him...
Gotta love those bogus press releases that were pumped out over the first half of 2011. Didn't momma ever teach you that if it sounds too good to be true....it probably isn't (true)?
He caught quite a few unsuspecting newbies in this one huh? I'm hoping that the SEC is taking a closer look into GSTP...this was a blatant scam from day one...
I wonder when Ken Eade will get this scam up and running...
I'm waiting kenny boy!
So let's count how many times crooked Ken Eade has used this shell to scam investors out of their money...
McSmoothies,
Oops nope...this one didn't work...
Ameri-Dream Entertainment, Inc.
Oops that's not it either. How about...
Soleil Film Television, Inc.
Hmm....that's not it...
Soleil Film, Inc.
Oops, wait......I think I'm getting closer...
Imperia Entertainment, Inc....
Awesome! That scam worked for over 5 years! But it's getting stale...gotta think of a new gimmick to fleece some other newbies...
Let's try this one...Viratech!
Yeah...that's it! People won't recognize this one! Maybe we can milk this one too for a few million until we can think of another new scam after this one is pooched!
So after Viratech, what will scam artist Kenneth Eade use next?
Yep....nasty. I wonder how much of this has already been priced into the markets. But I'm ready for a possible bloodbath come Monday morning. I got my pay check in hand, and will use this situation as a buying opp!
It worked for me last time 3 years ago. I'm prepared to buy and hold until the dust settles and there's another bull run. And it'll eventually happen...it always does...
I hope so. Kenneth Eade is a crook and a scoundrel. He had a lot of nerve to steal my money, and then try to sue me for me calling him for what he is.
I still have some IMPN...so the funny thing is, I'll still be a shareholder in the new company once the reverse split is complete.
And I'll still be here warning people about this crook and his past....he swindled the wrong guy...
You seen the market cap on this scam?
We are a shell company with no active business
Form 10-Q/A for GOLD STANDARD MINING CORP.
14-Jul-2011
Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
The following discussion and analysis, which should be read in connection with our financial statements and accompanying footnotes, contains forward-looking statements that involve risks and uncertainties. Important factors that could cause actual results to differ materially from our expectations are set forth in Item 1A - "Risk Factors" in our Form 10-K for the year ended December 31, 2009 as well as those discussed elsewhere in this Form 10-Q. Those forward-looking statements may relate to, among other things, our plans and strategies.
Overview
We are a shell company with no active business. Our plan of operations is to acquire mining rights, including primarily gold mining rights, for a number of properties, to explore such properties for ore reserves, and to develop those properties where such development would appear to be commercially viable.
Our financial statements for the periods covered by this Form 10-Q have been restated. See Note 1 of Notes to Condensed Consolidated Financial Statements contained in Item 1 of this Report.
Results of Operations
We have had no revenues since inception.
We incurred operating expenses of $50,035 and $6,026,508 in the three months and nine months ended September 30, 2010, compared to $201,768 and $403,537 in the three months and nine months ended September 30, 2009. Operating expenses primarily relate to accounting and legal expenses associated with our reporting responsibilities under the Securities Exchange Act of 1934. In the three and nine months ended September 30, 2009, operating expenses included consulting fees related to our acquisition of Rosszoloto Co. Ltd., the Russian mining company. In addition, in the nine months ended September 30, 2010, our operating expenses included non-cash compensation expense of $6.0 million incurred in connection with the issuance of an aggregate of 60,015,000 shares of common stock to an executive officer and a number of consultants.
As a result, we incurred net losses equal to our operating expenses for these periods.
Financial Condition, Liquidity and Capital Resources
We have funded our operations principally through the issuance of stock for services, the issuance of stock for cash, and advances from Pantelis Zachos, an executive officer, director and a principal shareholder. In the first nine months of fiscal 2010, we received $13,606 of advances from Mr. Zachos. As of September 30, 2010, these advances totaled $184,692. These advances are non-interest bearing and due on demand.
Our common stock and paid-in capital increased due to the issuance of shares for cash and services during the year.
We will have minimal operating expenses pending the time we commence exploration and development activities on specific mining properties. These expenses will be principally legal, accounting and audit expenses in connection with our reporting obligations under the Securities Exchange Act of 1934. We anticipate funding these expenses through stock sales in private transactions or additional shareholder loans. We do not have a commitment from anyone to provide funds for our operating expenses. If we do not obtain funds for these expenses, we will have to cease operations.
I think the timing of the lawsuit was highly suspect. In my opinion, he wanted to shut us up because he has a few other scams on the go. ie: GSTP, IFLM, and of course IMPN just to name a few.
I haven't heard what's been going on with SAEI lately, but I do know that his involvement with Supatcha is under SEC investigation.
Sidedraft....lol! Wound healing formula! I case people aren't familiar with that, it was part of Kenneth Eade's gold mining scam GSTP, or Gold Mining Standard Corp.
I hear ya Risicare. The guy has some balls stealing my money, then threatening to sue me for calling him what he is...a scam artist and a crook!
The guy reminds me of Conrad Black, but to a much, much lessor degree. Arrogant enough that he thinks it's his right to walk away with shareholder's money...
I truly hope there's a judgement against Kenneth Eade (the scam artist)...and then he defaults! That should be good reason to have him disbarred!
Hey kenny boy...you could always sell your Maserati to pay for some of your legal fees!
haahaa!
Haha! Maybe Eade will have to sell his Maserati now to pay his legal fees....
It couldn't happen to a nicer guy! hehehe!
Haha! Kenneth Eade the crook is being asked to pay $73k in court costs! lol!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65586893
Did I mention that Kenneth Eade is a crook?!
hehehe!
I haven't heard anything about a countersuit against crooked ken for court costs, but I suspect it's in the works...
Welcome back stockmavin! Or should I say "Doe 4"! This is faster183...I changed my moniker to mock kenny boy!
The current market cap is still outrageous for a shell company with no real assets. Even at 7 cents, it's still over $11 million!
The real number should probably be in the neighborhood of 1/100th of that...
Fat lot of good it did them, huh? Maybe word finally got out about this "alleged" scam....
I appreciate the information you shared with us, but I would just be extremely cautious about this company. It has always been nothing more than smoke and mirrors to fleece investors out of their money. I don't see anything different with their proposed change of business...
I think undervalue has made a formal complaint to the SEC about the proposed R/S and increasing the authorized share count. I doubt anyone can stop the company from doing it anyway...they've blatantly lied to the shareholders before, so what would stop them now?
BTW...did I mention Kenneth Eade (insider) is a shyster?
By fair and balanced, you mean letting everyone know what kind of sleazeball Kenneth Eade is? hehehehe! :p
LOL! Congrats Virtual Drew! And thanks for adding me as an assistant mod! :o)
I noticed the moderator has left the building...
I vote you if you're interested!
Reverse split has been announced...so unless you want to give your money away, I would use EXTREME CAUTION!
BTW...did I mention Kenneth Eade (insider) is a scam artist?
Did kenny boy show up to the "special meeting" on Saturday?
Or is the scammer too afraid he'll be arrested when he lands on US soil?
Janice...only 85 more posts 'til the 100,000 mark!
:o)
It's hard to tell...they keep changing their minds on the filings. This one has SCAM written all over it.
Kenneth Eade is involved...need I say more?
I think Doe 4 was stockmavin. I'll have to tell him/her that it's safe to come out now! lol!