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actually, it's not listed anywhere under the quarterly and annual balance sheets which appears to be last updated in June 2011. the asset increase is listed under filings and disclosures in novembers' filings.
"Net tangible assets" listed under "financials" under "annual" reports at www.otcmarkets.com is less zero or there abouts... go see for yourself. It's true that the listing filings and disclosure reports $400,000,000 in assets but, why hasn't the financial section been updated?
The conclusions made by J1MUT about MIKP are impossible to ascertain while MIKP is on the grey sheets. So, arguing/debating the topic is pointless.
I've notified the company through their website about this misleading error. I've also notified the SEC just in case the company thinks they can avoid correcting their mistake. Finally, this all for the benefit of the company and the company's shareholders in the long run.
www.missionmining.com (evxa) states: "The Company posted over $400 Million in total assets in its Financials on OTC Pink Sheets." However no such update has been made at www.otcmarkets.com (under the company's financials)
EVXA(d) still needs to update their assets under their financials at www.otcmarkets.com per the public announcement made on their website.
In the very near future, I'd like the company officers/board members/officials/employees/associates to get together on the Gold Star Mine with pick and shovel and start digging for a week... there's something to be said about the results of hard labor...
The company has cleaned up the misleading terminology on their website, thank goodness!
For the sake of clarity, could you please list those claims with substantiation for those shareholders here and elsewhere who wish to pursue a lawsuit against MIKP?
The issue is: My computer doesn't recognize the security certificate for that web address so, I access the info via the main address. Also, I wasn't able to edit my previous post in a timely fashion: Here was what i meant to say:
As of 2012, mark is listed as the only officer for MIKP. Since then, changes to the board/officers may be made. Mark is responsible for updating any regulatory authorities with this new information in a timely manner, (usually on the same day he makes the public announcement). An update to the state in which the company is incorporated in is required per the states' rules, (usually with the quarterly financials).
no issue, I got it and that does make it easier for me and everyone else here thank you. I'll download the report again and check for any recent updates. When did you last check for an update of their filings?
Red alert! Google that web address before you attempt to access it!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! You'll notice that your search results will not include the primary government address!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Google the following web address and think twice before attempting to open it via your browser!
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=091081147084032073044178141172081206216136218104
I thought you said 'ANYONE'?
Anyone can send a complaint through that channel, perhaps it's been done, as the SEC already acted to protect shareholders?
Yet you say...
It must however be a shareholder who initiates a class action lawsuit, to which I am unqualified to partake :(
What's up with that?
The 'financials' you are referring to: were they quarterly and if so in what quarter? or were they annual and if so in what year? I ask, you see, because company 'financials' change. Please note, I cross reference your answer with a verification request to Mark and if FINRA/SEC rules allow, I'm sure I'll get an answer and post it here so we can all be informed.
I agree that clarification is necessary. For the sake of clarity, I will correct you as follows: Mark is not the only officer for the company. For substantiation of this publicly announced fact, visit:
http://www.mtpprods.com/about-us.php
Side Track: there's a line in a song that's playing in my mind right now it goes, "Woop! There it is!"
excerpt from:
http://blog.mtpprods.com/
"Notice to Shareholders
Hi all- this is just a quick note to let you know– on the Operations side- all is strong and I look forward to making announcements accordingly as we move ahead with new projects and continue to make sales and finish up existing projects. On the market side, we have been advised by our sponsoring market maker to not make announcements during the Form 211 phase. Their work is crucial and I want to ensure we work with them as much as they are with us on this."
These past few months and for sometime in the future, I imagine Mark will be working closely with the MM and FINRA making all the necessary corrections of any and all past mistakes. Finally, finalizing all the forthcoming announcements, moving forward with business as usual.
wearreligion: IF you have evidence that supports the claims you've made in your reply to my post, I advise you to sue Mark and report him to the SEC at www.sec.gov/whistleblower. You'll be doing yourself and your fellow country men/women a favor. Please do keep us informed of the proceedings and if any counter suits are filed for lack of supporting evidence and making false claims.
The topic of my post is: no one should leak insider information. (period).
So just play this company game fair! I don't wanna' forfeit my shares just because some company person is too pushy/ignorant of the rules and getting us too many red cards! Let's win (or lose) like champions as a team, because we believe we are so good at what we do that we don't have to cheat to win and should we lose, it's because we challenged a worthy opponent and bravely risked losing. hehehe so to speak :D catch my drift?
not even their wives/husbands whom they may share information with can freely purchase the company stock armed with the unfair advantage of having insider information, (such as knowing when a merger will take place etc.)
Mark should always be the only one sharing any new information about the company and he should fairly share that information with everyone at the same time, not with a select few by email or phone conversation in advance of everyone else. If he shares information with the company's board members/officers that's fine, but they should seriously know that they are not allowed to share what they talk about with anyone else and that they are under strict stock buy and sell FINRA/SEC regulations. For example, they can't scoop up a 100 million shares just before news about white space is released and then sell it all right after; that would be considered a kind of insider trading. So, company executives can not freely buy or sell stock in their own company like an outside investor can because the timing of the purchases they make in their own company is strictly regulated by the SEC and FINRA.
if you find anything illegal going on, do yourself and your fellow countrymen/women a favor and report them at www.sec.gov/whistleblower
cross check the statement they made via their website of reporting an increase in assets over $400,000,000 on their pink sheets financials at www.otcmarkets.com. Also email individuals they claim to have reports from regarding their substantial supplies/money making ability. Ask the report issuers to verify the truth of the statements made by this company when referencing the reports.
IMO: When it comes to publicly traded companies and the announcements they make, "silence is golden, duct tape is silver" and "proof is in the pudding".
I believe public companies and their officials have to prove everything they say when they say it whether they say it by blog, official press release, private email correspondence, in forums, on executive profiles, etc... Any early, accidental, or private release of information could lead to unfair insider trading.
I believe that Mark is in the process of learning from FINRA, the Market Maker, and his attorney, how/when to make an official "public announcement" for the "White Space" production without breaking any rules. Go Mark! and Go FINRA!
thanks
I just got a phone call from Craig Parkinson who was kind enough to give me a quick lesson from his expert perspective about the difference between "Reserves" and "Resources". Clearly, he believes, as do I, that a serious misrepresentation of the facts within the report was made... possibly and most likely for the purpose of enticing unwary investors to invest. Sheesh!
What makes you so certain?
sheeze. I hope this company does the right thing by its' shareholders, (all 300 or so of them). Otherwise, I hope the SEC shuts 'um down, liquidates their assets, throws 'um in jail, and pays off the bills and shareholders.
yup, i read it. I'm already aware of the difference. I'm just trying to do future shareholders a favor by sharing my research.
While we're waiting for a reply from craig, the american geologic pro at parkinsongeologic.com, we can chew on these two definitions from different websites:
http://www.groundtruthtrekking.org/Issues/AlaskaCoal/CoalTerminology.html
http://www.goldgeologist.com/mercenary_musings/musing-080825-Reserves-and-Resources-A-Primer-for-the-Lay-Investor.pdf
I'm already on it and waiting for a reply.
I remain hopeful where this company is concerned, but they seriously need to watch their language.
Anyway, I thought I'd share some of my research here. Hopefully, the SEC is paying attention to this company's details...
I pasted a copy of the email I sent yesterday to craig parkinson for shareholders/potential shareholders review. I also pasted in a separate post, craig parkinsons' reply to my email. In that reply, he clearly states that there are no "reserves" on the gold star mine per his report, (he clearly stated he valuated the Mines' "resources" not "reserves".
What's clear via the email I sent to Craig Parkinson and his reply to my email is Mission Mining's misrepresentation of a report made by Craig Parkinson in 2010. That's a big SEC 'no no' and grounds for suspension.
Craig Parkinson
9:55 AM (13 minutes ago)
to me:
The Mission website states there are “Reserves” on the Gold Star property. My report does not state there are reserves, only resources. My report was more extensive than the version on the Mission website.
Craig L. Parkinson, PG
Parkinson Geologic Services
Sent: Thursday, January 31, 2013 1:14 PM
To: craig@parkinsongeologic.com
Subject: Gold Star Mine Valuation; a report prepared for Western Gold Company, LLC by Craig Parkinson
Hello Craig,
I'm writing to verify that you/your company did in fact prepare the Gold Star Mine Valuation Report in 2010 for Western Gold Company, LLC as claimed by the publicly traded company, Mission Mining, (ticker symbol EVXAD) on their website at www.missionmining.com. Your verification assistance via email/phone at your earliest convenience is much appreciated! Thank you.
Sincerely,
GOOD NIGHT! :D TEEHEE