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Alto's stockholders, not Klock or any former CEO own 51% of the Excelsior. Alto is responsible for developing the Excelsior, as their part of the agreement. This can't be done when the stock is $0.0004 per share, for the simple reason that there is no market.
GCRC and hmitwatch: Please remove any reference to Mr. Klock from this web page. He no longer has voting control of the company and is not otherwise involved. Also, Mr. Rice is no longer a Director. Please remove his name and replace it with the names of the new Directors ( Glen Zinn, Jackie Stephens and Dr.Paul Donaldson)and their correct bios. Thank you
The former CEO, Mr. Appel, was less than straight forward, made many statements regarding what he would do or would be able to do and left me holding the bag for $9000. What has been your experience with him? The present CEO is getting a salary of $1/yr. I believe Appel was paying himself $186K/yr or something similar. Prior to being CEO, he raised a lot of money for the La Cienega, Los Tres Machos and Zuna properties, all of which were barren.
Mr. Klok was writing the checks. Perhaps you should ask him.
Interesting view. Please check SEC filings to verify the salary of the new (current) CEO and see if he or any of the new Board Members have purchased stock. The CEO has owned the Excelsior Mine for many years and has leased it to US Borax, FMC Gold and several junior Canadian and US companies. It is his opinion that it is extremely valuable, and for that reason he assumed control of Alto Group Holdings,Inc. which owns 51% of Alto Cascade Resources, the present owner of the claims.
Alto is currently attempting to lease and/or joint venture the Excelsior to generate capital.
This is an error "Jackie Stephens. Mr. Stephens, age 46, whose legal name is Juan Felipe Rosas Arellano, is an engineer and architectural mining consultant. Since July 2005, Mr. Stephens has consulted with a variety of mining companies in Latin America, including Cardero Resources and CompaniaMineraPitalla. Mr. Stephens studied industrial engineering at the university level in Sonoro Mexico. " Please see the correction.
Alto will be filing an new 8-K this week regarding changes in management. Alto is a Nevada company. By reading the corporate By Laws you will see how the present Board was able to completely strip Mark D. Klok of any ability to control Alto. He is gone, and he is gone for good. Some of the relevant information is in the 8-K which I believe is dated Feb 12 or around that date.
If you read the Bylaws you will discover that you are wrong!
Please update your website to reflect the change in Officers and Directors.
The majority of Alto stock is now controlled by a "Voting Trust". Mark Klok has no connection to the voting trust, and is no longer in control of Alto. Please update your website to reflect this. Thank you.
The new Board intends to use their best efforts to rescue Alto from the bottom of the swamp. This won't be easy due to the fact that Alto has lost credibility, and is broke. In my opinion, the investors should consider supporting this effort because they are the ones who will ultimately benefit, if is is successful.
Klock no longer controls the voting rights. That problem was fixed by the new Board a couple weeks ago.
In the case of Mark Klok and Alto, "guilt by association"[url][/url][tag]insert-text-here[/tag] is definitely the safe way to approach things. I failed to do adequate due diligence on Mr. Klok! Instead, I concentrated in getting half of the money up front for foreign work. That's my fault. The question you have not asked me is "what I am personally doing to clean up the mess" and the answer will be obvious in K8s which "should be out" in the next week to 10 days. If you still feel like shooting me once you understand what I am attempting to do I will supply both the gun and bullets.
The NI 43101 was initially to be done on the Los Tres Machos and Zuna properties. Klok never came up with the money for that report. He then shifted gears and had me look at a property on Mindanao, Philippine Islands , and start a NI 43101 report on that using the advance from for work on Los Tres Machos and Zuna. Considerable work was completed; however, there was a title problem with the property...the seller didn't own it! He then had me working at La Cienega for a couple of weeks, I billed $14,000 and was paid $5,000. The deal was $1000/day to work in the middle of Cartel country in July with 115 degree temperatures. Sound like fun? You try it for 2 weeks. The placer was barren, but there was potential for a hard rock gold deposit. I advised that he renegotiate the hard rock aspect. He dropped the property against my advice. In August, I went with him to Mexico to look at Zuna and Los Tres Machos. Both properties were in my opinion barren. Alto paid for the trip and there was no charge for the work.
In the future, if you don't know ask instead of making accusations.
Maybe if you were to read the 100+ e-mails files I sent to the SEC, you would change your opinion: I am who I said, I own Alto no stock, I was offered stock and refused the deal, Rice told me he resigned, Klok told me he fired Rice, Klok and Alto owe me $9350. If you and your readers don't want to know what's going on with Alto I can quit posting.
Some people don't like to be called they are a liar, and I'm one of those.
Klok is arrogant, he is less than truthful, he doesn't take advice and if a Director or Office or consultant stands his/her ground he fires them. He is presently hiding, and none of the people I know, know if he is still alive or not. I won't speculate on that part.
Re: Lee Rice. Rice told me re resigned. Klok told me Rice was fired. Take your choice. When in Mexico with Klok, he told me that he had never been to La Cienega, Zuna or Los Tres Machos. I believe him. That said, someone undoubtedly sold him on the properties. That would have to be Robert Howie, his partner in Mexican Hunter, Director and and Chief Operating Officer of Alto.
Lost my password. Re: Mark. He owes and Alto me $9,350, which I will most likely never see. Not a fortune, but in this economy, I could use it to pay bills.
Ya, I know Klok. I can't answer your question, because I don't know where he keeps his money or how much he has. He was living with a girlfriend in Florida. He owns 100,000 shares of Series B Preferred Stock which as voting rights of 150 per share or at a ratio of 150:1. With this alone he controls 15,000,000,000 shares of voting stock. He also owns another 14,000,000 shares of convertible Series A at 4:1 to common stock, along with 10,000,000 shares of common stock held by Mexican Hunter.
Lee Rice is no longer a Director of Alto. He resigned when Randy was fired. You might consider removing his name from your list of Alto Officers and Directors.
ALTO HEARING IS AT 3 WORLD FINANCIAL CENTER, SUITE 400 NEW YORK, NY, 10281, ON FEB 22, 2012 AT 10:00AM. CHECK IT OUT!
SUBPOENA - Those of you who were wishing that the SEC would do something about ALTO are getting your wish. I just received a subpoena from the SEC to appear in New York for a hearing, but since I have never owned ALTO stock, have never been an officer, director or employee,and am owed a fair amount of money by ALTO, I'm not anxious to fly from the west coast to New York at my own expense and pay for lodging, cab fare, etc....oh well.