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Sounds good! Thanks for posting.
Im glad it stays up. Perfect place for those who want to learn about stinky pinky land IMO. Just looking back and wading thru the muck, is very informative.
Haa, you got that right! Maybe a letter to AGS is a thought seeings how they still seem to be a partner. :)
On second thought, maybe not.
So if thier selling, I wonder how AGS managed to get .0015 per share for 10 mil shares of that 30 mil divested? I was looking at the Form 4 for AGS and looks like on 11/23/12 and 11/21/12 they did. Would that be like a private sale to some entity or would I be mis-understanding what reading?
Looks like 20 mil or so sold or divested at "our" price.
http://www.sec.gov/Archives/edgar/data/1404593/000121390012006542/xslF345X03/f4113012ags_medicalcare.xml
Bingo Buzz! Imo
Geological info on Livengood quadrangle.
http://www.dggs.alaska.gov/pubs/quad/livengood
Good data, TY
In favor!
Strangely enough thought I had noticed just that in past. The idea giving thing.
My guess is it may be from "new" personnel/officer etc if right.
Guess we'll see if suspicions have something to them.
You to man!
Perhaps add some additional costs if needing new permitting/licensing etc that may have been under Franks wofe
I don't think it's all that easy to just liquidate this and that over in China IMO. Things are a bit different over there I hear.
So bankruptcy being chatted about, but where would it happen? China or U.S.?
Bankruptcy laws here or in China?
My understanding is doing business over there requires a wofe or having a JV doing the legal stuff required for the business or to meet requirements. This is the first time I'm concerned about CAGR, but if current management can provide insight on CAGR status as good to go without Franks WOFE that would be a plus IMO.
That sure looked like a paint job reguardless of concerns IMO!
Again, it would seem a concern if this entity thing/status affects CAGR current operations. If Franks leaving is transparent to current CAGR operations then that's cool. Legit question/concern IMO.
Depends how the current/new management handles the situation IMO. The potential lack of some sort of legal entity status in China seems to be a legit concern/question IF they were strictly working under Franks entity IMO.
That is probably not good IMO. They may have to apply for their own now? I heard that's costly and takes a little time.
Is CAGR also a seperate "Wholly Owned Foreign Entity (the “WOFE”)"? Or were they in buisness and working under the WOFE that Frank owned?
Here ya go.
"Background*
Mr. Donald C. Ewigleben, B.Sc, DJur, Don has been the Chief Executive Officer and President of International Tower Hill Mines Ltd. since September 19, 2012. Mr. Ewigleben served as the Chief Executive Officer, President and Chief Operating Officer of Uranium Resources Inc., since September 3, 2009 until September 28, 2012. He joined URI in September of 2009. He has over 30 years of corporate leadership experience. Mr. Ewigleben served as the Chief Executive Officer in North America of AngloGold Ashanti Ltd. Mr. Ewigleben served as the President and Chief Administration Officer of North America at AngloGold Ashanti since January 3, 2005. He served as an Executive Officer of Law Safety Health and Environment at Anglo American plc, an Ultimate parent company of Anglogold Ashanti Ltd., since January 1, 2006. Mr. Ewigleben joined AngloGold Ashanti in 2000 as Vice President, Chief Environmental Officer, General Counsel and Corporate Secretary of AngloGold Ashanti North American Operations. He served as the Chief Administrative Officer and President of Anglogold Ashanti North America Inc. since 2003. He served in various executive positions for Echo Bay Mines (Canada) and AMAX Gold (US). He served legal, safety and environmental positions with AMAX Coal Industries (US). Mr. Ewigleben served as the Chairman of board of International Tower Hill Mines Ltd. from November 17, 2011 to September 19, 2012. He has been a Director of Uranium Resources since September 3, 2009. He has been a Director of International Tower Hill Mines Ltd. since November 17, 2011. He serves as a Director of the National Mining Association and was served as a Member of the boards of the Mining Association of Canada and several industry associations at the state level. Mr. Ewigleben is a Member of the American Bar Association and is admitted to the practice of law in Colorado and Indiana. He has a Juris Doctor degree from the Indiana University School of Law and Bachelor of Science in American history, political science and music from Ball State University."
http://investing.businessweek.com/research/stocks/people/person.asp?personId=268672&ticker=URRE&previousCapId=881400&previousTitle=DENISON%20MINES%20CORP
I agree. Some more background would be helpful.
You called it!
Wonder if its worth sticky? Seems to be a game changer "D".
At least it wasn't from "Punkin".
"BEIJING, CHINA – November 20, 2012 – Medical Care Technologies Inc. (OTCBB: MDCE), a growing American company providing children’s healthcare services and western healthcare products distribution in China, released today the following letter to shareholders from its Chief Executive Officer:
Dear Valued Shareholders,
Our Executive Team shares the eagerness of our investors to get operations up and running and start generating revenue as soon as possible. However, we see the Company as a long-term project that will take its place as a leading institution in health care in China that will grow, prosper and serve the Chinese people for generations to come. In these crucial days and months leading to the opening of the first centre in Shenzhen, it is important to ask this fundamental question, "Do we want it done now? Or do we want it done right?"
We have recently added to and refined our senior management cadre and added two exceptional new members, Joe Hall and Dr. Richard Rheinbolt. Joe is a retired Air Force Lt. Col. with 20 years experience in Air Force healthcare management. He is Board Certified and a Fellow in the American College of Health Care Executives (FACHE). Dr. Rheinbolt, a pediatrician with “real world” experience in designing and operating overseas clinics, has recently been appointed Senior Medical Advisor and a Member of our Board of Directors.
These experts in the business we are embarking upon must be given time to put their imprints on our operational plan. As a result, this will delay our previously projected deadlines. Medical Care Technologies Inc. expects to be a major force in Chinese health care for decades to come and a few extra months of strategic operational planning at this stage should be viewed as an investment.
I request our valued shareholders to be patient as we take the necessary steps required to raise the final tranches of capital, construct the clinic workspace, and recruit the physicians, nurses, and medical technicians we need to open our first of many clinics in the China marketplace.
Sincerely yours,
“Ning C. Wu”
Ning C. Wu
Chief Executive Officer
Medical Care Technologies Inc."
http://www.sec.gov/Archives/edgar/data/1404593/000121390012006392/f8k112012ex99i_medicalcare.htm
Is the Susan Lamm the same one mentioned in this article?
http://fdlrs.brevard.k12.fl.us/east/Coastline/Spring2011.pdf
A professor at a collage in Melbourne,FLA. Just curious.
How about a link to some of this? It sure would help for some to make a decision.
International Tower Hill Mines renews focus to bring Livengood Alaska gold project to “highest quality” with full feasibility
http://www.proactiveinvestors.com/companies/news/37530/international-tower-hill-mines-renews-focus-to-bring-livengood-alaska-gold-project-to-highest-quality-with-full-feasibility-37530.html
"Ewigleben notes that Livengood has much in common with the Fort Knox mine owned by Kinross Gold (TSE:K), located 26 miles northeast of Fairbanks, and which has produced over 5 million ounces of gold.
“We are close in proximity, but it’s far more than that,” Ewigleben says of the similarities between Livengood and Fort Knox."
"In addition ITH’s manager of engineering, Al Thabit, was in charge of commissioning the Fort Knox mill.
While using its own internal knowledge of Livengood, the CEO stresses that ITH continues to have dialogue with the management team working at Fort Knox. This has afforded the company the opportunity to learn from the Fort Knox operation."
Just one I found today. The Ft Knox mention makes me suspect an similar operation will happen too, wheres its an "open" type mine and may be using ball mills to grind down ore as a guess.
As far as surprise facts recently:
The 13D filed by AGS capital recently is interesting. Not sure if a question arises or an answer is needed:
http://www.sec.gov/Archives/edgar/data/1404593/000121390012005690/sc13d0512ags_medicalcare.htm
"On July 23, 2012, the Issuer sent to AGS a letter terminating the Reserve Equity Financing and Registration Rights Agreement, however, the Issuer did not pay the required termination fee. This was disclosed in Item 1.02 to the Issuer’s Current Report on Form 8-K, filed June 12, 2012, and incorporated herein by reference."
So the above hints at what? A default on an agreement, and this is why AGS holds or held a rather large amount of shares and basically a partner now?
Seeing the above, would it not make sense to question what will happen if MDCE defaults with the loan with Oceanwise(see below) now that there is an history of not paying for an agreed on thing; seeings how no or low cash?
http://www.sec.gov/Archives/edgar/data/1404593/000147793212002493/mdce_ex1047.htm
"Then UPON THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN SECTIONS 8.1, 8.2 AND/OR 8.3, THE LOAN, including principal and all accrued interest incurred up to occurrence of any such event of default, SHALL BECOME IMMEDIATELY DUE AND PAYABLE (hereinafter referred to as the “Default Amount”) AND PARTY B SHALL PAY AS PENALTY FOR OCCURRENCE OF EVENT OF DEFAULT TO PARTY A:
8.4 THE DEFAULT SUM defined as FORTY (40%) PERCENT OF PARTY B’S JOINT VENTURE SHARE IN REACHOUT HOLDINGS LIMITED
8.5 So long as Party B remains in default and fails to pay the Default Amount, then Party A shall have the right to demand at any time from Party B, and for every five (5) business days that Party B remains in default, to immediately issue, an additional FIVE (5%) PERCENT OF PARTY BS JOINT VENTURE SHARE IN REACHOUT HOLDINGS LIMITED until such time the Default Amount is paid in FULL or Party Bs joint venture share in Reachout Holdings Limited is reduced to ZERO holdings."
Am thinking questioning how will MDCE pay this off by or upon maturity. Maybe the current report has some info on status of this loan. And is the default sum actual share of Reachout holdings to be transfered to Oceanwise in the event of default or just the value.
"1.2. The term of the Loan shall be six (6) months, commencing from June 12, 2012 to December 12, 2012. This is the “Maturity Date”."
Agree with ya there. Plenty of stories to ponder on. Very distracting, maybe that's the shell game thing someone mentioned in recent past :)
Mining Explorers 2012: International Tower Hill Mines Ltd.
http://www.petroleumnews.com/pntruncate/786263579.shtml
"ITH: TSX / THM: NYSE-A
Chairman: Daniel Carriere
President and CEO: Don Ewigleben
Vice President, Alaska: Tom Irwin
Alaska General Manager: Karl Hanneman
With the goal of advancing the world-class Money Knob deposit to production by 2018, International Tower Hill Mines Ltd. is crunching the numbers on the feasibility of building a mine at Livengood. With an all-in resource of 20.6 million ounces of gold, the Money Knob deposit at Livengood ranks as the 14th largest undeveloped deposit of gold on the planet, according to a research report published by Natural Resource Holdings in July. A preliminary economic assessment completed in 2011 determined a 91,000-metric-ton-per-day mill at Livengood would churn out 12.9 million ounces of gold over 23 years. As part of Tower Hill’s current feasibility-level work, the company is studying different scenarios seeking the appropriate balance of capital expenditures and operating costs. Tower Hill President and CEO Don Ewigleben said the 560,000-ounce-per-year operation anticipated in the PEA is at the low end of various scenarios being contemplated. While the scope of the operation at Livengood appears to be growing, Ewigleben said the goal is not to build the biggest mine; instead, return on investment is driving the size of the operation that will ultimately be built. The feasibility study is due to be ready for internal review by Tower Hill management and peer review early in 2013 and made public by mid-year, marking the official launch of permitting.
At a 0.22 g/t gold cut-off grade, currently seen as an economic cut-off for Livengood, the Money Knob deposit contains a measured and indicated resource of 933 million metric tons averaging 0.55 grams per metric ton gold (16.5 million ounces), plus an inferred resource of 257 million metric tons averaging 0.50 g/t gold (4.1 million ounces). Focused on developing this world-class gold deposit, Tower Hill is spending minimal time and money on exploring the upside potential of the 56-square-mile (145 square kilometers) Livengood land package. “When you have 15-plus-million-ounces, you have a shareholder base that says ‘get on with it’ and that’s what we are doing in our feasibility study work,” said Ewigleben. Tower Hill plans to spend US$1 million to US$2 million per year on reconnaissance drilling on four exploration targets surrounding Money Knob – Southwest, Scraper Ridge, Gertrude Basin and Moose Gulch. Much of the drilling completed at Money Knob has bottomed out in gold mineralization, leaving the floor of the proposed pit as a fifth exploration target. Though Tower Hill is putting little effort into seeking more gold, its geotechnical and condemnation drilling continues to find the precious metal well beyond the confines of the current resource – including one hole that cut 3.8 meters grading 6.9 g/t gold some 1,600 meters northeast of the deposit. MK-12-281, drilled nearly 3,000 meters southwest of Money Knob, cut 2.76 meters averaging 2.75 grams per metric ton gold; MK-12-285, drilled about 1,500 meters east of the deposit, cut 2.01 meters averaging 3.47 g/t gold; MK-12-288, drilled some 1,500 meters west of Money Knob, cut 3.05 meters averaging 2.48 g/t gold; and MK-12-290, drilled about 1,600 meters northeast of the deposit, cut 3.81 meters averaging 6.91 g/t gold. Tower Hill said the locations of these new gold intercepts do not impact the conceptual plan for developing the mining-related infrastructure contemplated in the feasibility work, the current focus of the company.
Cash and short-term deposits: C$29.88 million (June 30, 2012) (Closed C$24.6 million financing on Aug. 3, 2012)
Working capital: C$22.34 million (June 30, 2012)
Market capitalization: C$261.5million (Oct. 1, 2012)
9635 Maroon Circle, Suite 350
Englewood, CO 80112
Tel: 720-881-7646 • Fax: 720-881-7645
www.ithmines.com"
News 5 min ago bud.
Well, I'm thinking I did get the message. Guess what I was saying is I agree with yours. Maybe I stated my message wrong. :)
The host should be in Arizona like thousands of other businesses web hosting services. Go Daddy hosted sites show up as AZ for example.
I don't think their referring to a second company. Might by a typo as we don't see inc.,ltd. etc after that Western reference. Jmo wag
"Medical Care Technologies Inc.(PINKSHEETS: MDCE) shares is trading at $0.0002 in the early hour, Medical Care Technologies and Western healthcare products distribution in China announced the appointment of Dr. Richard M. Rheinbolt, MD, FAAP, MPA to the post of Senior Medical Advisor."
It starts here.
http://eteligis.com/
Unfortunately I think your right on at this point. Stanks kinda bad.
They(emww)have had a chance past months to prove not just another stinky pinky IMO. That time has come and gone IMO.