I still think the Goldlake takeover will add to shareholder value soon.
Maybe we can find out what Fabio's status is? I hope he's back to Argentina for drilling/production!

Time will tell....hopefully not too much time again though! LOL

Just 1 decent PR from Goldlake and this will take off imo. The question is their time line for ramping up slta. Back to patience mode again !

Haha Dr., you have been corrected! Lol Anyway, you are right, it doesn't matter. The slta ticker is fully under new control by GL and hopefully they move forward quickly. The good news is the resignation is almost 1 month old so maybe there's been some progress on whatever their business plan is. Also, are you in Germany? Maybe you can see what the status of the GL ipo is at the Borsa Italiana. Thinking you have better access. I briefly checked and found nothing more recent than the April 2014 news that has been posted here. Let us know if you do find anyyhing. Thanks

I posted message below about 2 years ago.
I assumed even slow people would realize that a Goldlake "takeover" would mean a new CEO/President.
No reason to state the obvious!
Like I said, who would possibly think that Fabio would control Goldlake? Makes no business sense.

Of course everyone here has been off on the "soon" predictions. LOL

So what are the chances that Goldlake foregoes the Italian IPO and actually does the reverse merge I predicted 2 years ago for a US presence?

Interesting that the 8k specifically says that the resignations were not due to or caused by disagreements with operations, etc. GL didn't have to enter that text I don't think.

Makes me think that's because the resignations were due entirely to GL taking over and moving forward now.
I look forward to see how this soap opera plays out.

I have never thought that Fabio would be the CEO of this company after GL or GTS took over...never. There was no way GL would go all in with a geologist at the helm. Actually it makes no sense to think Fabio would remain in control or have an executive title.
So with that said, it's interesting to see that someone decided to panic sell. No doubt it was a panic with all the selling at the bid. And the selling came the next day after news of Fabio stepping down.
So this seller thought that Fabio was going to run the show? lol
So this seller thinks that GL in control is worse than what Fabio has been doing (not doing)? LOL
Everyone can buy or sell when they want to but it doesn't mean I can't laugh at them!

So...we have a shake up in management and a panic seller today. Good! Anything better than the water torture of waiting with no news. Fabio still has a lot of shares and probably will remain as geologist imo. We should see new president/ceo news soon unless Goldlake has bigger plans for this ticker. GL had plans to do an IPO in Italy. Maybe still does. But now with full control of this corporation, they can be public in the US. They can change the name and ticker if they want to. Combine all mining activity into this shell, that sort of thing, imo.

Slta should have a sense of urgency to report a status update to the loyal shareholders who have supported the shares/company. I have had no communication from the company. Anyone who intends to should remind them to renew their Nevada corporate license which expired 9/30/14.lol

Maz, that's the SEC explanation I'm talking about. As you can see, in 2005 they changed to allow more reporting.
Anyway, this company is currently 3 Qs behind in their reporting.
And in my experience with about half a dozen other penny stocks where a "die-hard" supporter of management has cited the quiet period to defend a non-communicating management, the end result for the stock was negative. So you might understand that just for me personally, the quiet period is not an excuse for keeping us in the dark. We just see things differently, no prob with that.

I respect your opinion. But, the SEC "quiet period" is an old concept. I did some research several years ago. The SEC no longer has that as an issue. Please research and see if I am wrong. But of course many companies go into a self-imposed quiet period for obvious business reasons. In this case, shareholders are asking them to simply tell us more especially in light of the missed time line for financials and the latest GTS 8k delay and the status with the land lease. Imo, slta ought to update us.

If a letter was sent to a securities govErning org like the SEC then imo good. Regarding commUnications from Soltera, I am as frustrated as any shareholder. Maybe a letter will lead to management spending a few dollars on issuing a corporate update PR.

Slta news coming soon.imo eom

Agreements take time to execute and this GTS agreement is " only" 7 months old. Sorry to all of you who have been here 7 years (! Lol) but the clock was reset in Feb. That's the way it is. GTS has no duty to think about how shareholders have been put off for all those years. They are "new" here and it's only been 7 months to them. Talk to Goldlake about the delay, they are the ones who really didnt follow through as they proposed.
FABIO, we need communication on the status of the 8k.

They reported the 8k I think about 3 weeks late. That's not much. And obviously Goldlake decided to back out, allow, step aside whatever and GTS 8k cam in. So it must be Goldlake that caused a lot of the delay by holding back from the agreement they made with slta.
Recall the video with the Goldlake family spokeswoman where she said they expected to attempt another ethical mine in 2013. Obviously something changed there. So I think it's been a lot of bad luck for us considering that the GTS agreement hit a bump in the road.
But since I don't see an 8k saying the 8k is voided, then I think they are working on it.
The problem I have is how Fabio and the rest can leave us in the dark so long.
Right now, I have no idea what it is I am even waiting for.
That is not good but that's where we are at until Fabio does the right thing and informs us or GTS pays the funding.

Yeah, I don't know much about the Canadian part of the story that you have alluded to in the past.
And I realize that is a big part of the story and probably why you guys are more concerned than I.

I based my investment here mainly on Goldlake's investment.
Now it's based on the GTS Agreement.

IMO, if the GTS agreement starts rolling then the other half of the story should work out, no?

If Goldlake invested and GTS made an agreement then my decision to invest couldn't be that bad. I think...

I don't know Canadian issues. I just know that the SEC has not halted this and anyone in the US with an E-Trade, Schwabb, Ameritrade etc account can trade it. Most interent investors don't go through a broker if that's what you are getting at.

Anyway, I'm saying that the SEC will not halt this.
Now if you start seeing restricted shares being sold or fraudulent news releases then they very well may but that would still take several months of bad behavior before a halt occurs.

I just made a lot of money on a stock that I personally believe to be a complete scam. I am 99.9% sure of it. I guess they have sold maybe ~100 million shares (maybe not restricted) based on pure bs news releases. I sold high and didn't look back. That company has been reported months ago and is still going.

This company, has done none of those things.
I think I know a scam when I see one.
We just need to get that GTS agreement rolling.

At least you have an excuse.lol I'm going to stop this arguing. It does no good.
And I hope that letter gets something going at slta.

So you don't know the difference between an SEC halt and an exchange halt. I think your reading comprehension skills are minimal.

I stand by my post. 100%. The SEC will not halt this stock. Just as I said you will not sell this down to a penny. I can read you very easy and you are full of it.

Your clueless posts about halting just show how little you know. This is not and is far from that. You will regret your lies and personal attacks on the company.

Funny thing about you. I noticed the other day that you accuse others of your own bad traits. (it's called projecting)Just watch and learn in the near future slta will take off.IMO
And... I don't drink, I work out 5-6 days a week. So just another of your absolutely terrible attempts at analysis.

Hilarious! Thinking a letter whining about negative speculation could cause a halt. Negative spec that is WRONG,imo. Again I will say 100% that that is a ridiculous statement and it would not happen. Anyone with any experience playing the pennies knows what it takes and the amount of time it takes before the SEC takes action. This company has done nothing wrong unless, unless, unless they lost the lease or the GTS agreement is void and they didnt PR it but even that would be a civil matter and no way halted by the SEC. I can tell you what would get the SEC's attention but suffice it to say that slta has done none of it...yet,so far.

Fabio needs to issue a press release or shareholder letter now. It cost $130 I think. Shareholder letters cost nothing and are used often to update shareholders.
He's been getting paid along with the board members. There is no SEC regulation stopping them from updating us. "They" choose to keep us in the dark.

They will see a shareholder lawsuit soon if they don't finalize the 8k, issue a new 8k, or update us.

I wonder if management wants retail investors to bail out? A lower share price will give them more shares. Looks like some retail shareholders here are about to fall into that trap if that's what management is doing.

Who would think that a poster who claims to have millions of shares of stock and has his "investors" invested here would post negative, speculation about his investment?! It's hard to believe anything the guy says. Is he a liar and has no shares and wants to buy lower so he denigrates this company or is he a fool who rips on his own investment? I assume the latter.lol Imagine his investors reading his ridiculous negative bs. They must be really happy putting their faith in a guy who rips on the stock they own. Lolol

Seriously? You posted that? Now that's foolish on more than one level.lol If you have to "hope" that this stock is not like those stocks then you need a lot of help playing the penny market. You must be really, really scared to show this weakness. So you are concerned that both Goldlake and GTS Trading are involved in a penny scam (lol!) and they aren't smart enough to sell shares into the market (volume here is one little seller). Or do you think Fabio is scamming those companys? Lol It's hard to try to understand this nonsense.

There is no reason to believe that Goldlake or GTS would play unethical games to delay for shares. Both companies are legitimate and seem to be very successful. I think GL still plans to do an Italian IPO this year. GTS execs are members of the DMCC which has very strict ethical guidelines. They have connections to major financials in Europe. So I may be annoyed by the profiting from the delay but still see a positive outcome if they can just get it done!

I am sending an email to Fabio and hope all others do too about updating us on negotiations, a shareholders meeting, other. And include the fact that they are benefitting from this delay so how do we know they are truly moving forward.

Yeah, explains why the ridiculously long delay actually helps these guys and they don't experience our pain. Pisces me off too.
I guess a lot of that money came from GL. Bottom line, something needs to happen now. Fabio still, still needs to tell what is happening and chooses not to. Sad

Yeah, those are serious questions. But of course if they were answered positively then the share price wouldn't be down where it is. In other words, that's what we are all waiting for; answers to those questions.

I think that the title holder relationship and GTS Agreement are both OK right now and here's why:
Fabio/SLTA would definitely file an SEC 8k for either of those 2 material events if they ended. Why? Well, they filed the GTS 8k in the first place so they would have to file the end of the agreement and do so within 4 days of the material event because......not for the good of us shareholders but... to cover their own azzes! To forestall a shareholder lawsuit. The same goes for the agreement with the landowner. If that was ended then they would file just to keep shareholders from winning a lawsuit based on the lack of filing. Filing later than 4 days leaves them open to legal recourse. This is solid logic.

One more thing, if the GTS agreement becomes null and void we still have Goldlake as a large shareholder. GL has a lot of $$ invested here. They will not simply throw that money away. They can pay the landowner and will do "something" to salvage their investment.


So patience is still in order. The GTS agreement is being worked on and has great potential to increase shareholder value to several multiples of the current low share price. After doing 7 years here most should be able to do several more weeks standing on their heads.lol Maybe only until October. And unless one wants to bite off one's nose to spite one's face and sell for drastic loss, it's pretty much the only smart thing to do.

The "fees" come out to about $48k per member I think and start at 2008 so now it would be 6 years. They say they can take shares (almost like they issued themselves options lol) based on the mean share price for a month after they are current...something like that. So if this case is close to correct, and if the share price is back at .20 after they are current (will very likely be higher) you have $48,000 x 6 years / .20 = 1.4M shares each. If there are let's say 6 of these guys we're looking at about 9M shares or so.
In the scheme of things it ain't much if they are financially current and the GTS agreement is in full force. (If!)

The GTS agreemnt says the total outstanding shares will be about 225,000,000+ after all funding. Add the 9M to that!lol
In the past, I have posted that I expected the total outstanding to be around 300M shares (probably will be more) before things get going. I am sticking with that because there will be more hands grabbing for a piece of the pie...always is.
So if 300M shares are out and they are drilling and they have 2 other assets, I think we all here still make a big big profit and to me that's .50/share and above.

Actually I support the idea of forcing something to happen. Maybe just the threat of doing it will light a fire under them.

But if the sell-down actually happens, for me it's a win win. SLTA is forced into action maybe with a GL takeover as you say and I get to buy 50k or 200k more shares if it actually gets down to .01.

So it's all good to me! Go for it!!!!!!

Take it down to .01? That would be an early Christmas! I hope you actually do that. Unfortunately I believe you are full of hot air and you won't do anything except continue emotional whining on this message board.

I've got my bet already in here but a fire sale like that will be hard to pass up!lol

But again, you are all BS and it won't happen. Period.

Don't worry be happy! Lol eom

When the GTS funding and control kicks in, imagine the people/entities who will be looking at the company. A US incorporated public company run by members of the DMCC! Imagine the connections they have not only in the DMCC but Europe too. Big institutions!!
When it happens things will get interesting even before drilling results.
Looking good here imo.

Yes, this is not a blue chip stock. The share price can and will behave vastly different and regardless of financial fundamentals. You know and I know this to be a fact. To those who don't know this...watch and learn and...stay positive!!!!

At fifty cents per share most here will have a biggg winner. So I think I'll just say .50/share by December!!!!!!!!lol

$3/share is good too!

I hope this goes to $5/share!!!!!eom

Shareholders have had a "stress test" too! Lol. To say the least! But the potential here if GTS "takes over" based on the 8k agreement is astronomical in my opinion and worth the stress. But a shareholders' meeting would alleviate much of the stress so Fabio please let us know the date. That is not inside info!lol

Anyone hear of a shareholders' meeting date yet? Please share. Regarding shares to GTS, SLTA has to approve the increase in authorized shares before they can issue them of course. So I have been waiting for this. When I first read the GTS agreement I thought it was odd that they were to cough up a lot of money before any shares were issued to them. Looks like GTS desired to correct that situation. We should be getting an announcement for the meeting soon if it's happening in October.

Yes, guessing with limited information is tough. But I think your guess is pretty good. We should see action at that meeting and I guess it will include an increase in authorized shares from the current 200,000,000 to a lot more like 500000000.Still guessing. I think GTS wants to know that the shares are ready for them. The GTS agreement states that the outstanding shares is expected to be north of about 225,000,000 so they need to see the authorized increase. Guessing here has not been very accurate because of the lack of communication and unpredictable Goldlake/GTS behavior. It's like what former heavy weight boxing champion Larry Holmes once said when being asked why he couldn't figure out his opponent, "How am I supposed to know what he is going to do next if he don't know what he's going to do next." Lol

I agree Jimmy. This is disappointing but doesn't matter to me as long as the GTS 8k, Goldlake or a new sugar-daddy is involved here.
I have made the most $$ returns on non-compliant stocks. Several multi-baggers that were non-compliant including a recent almost 20 bagger! No SEC financials, no SEC compliance.
Pink sheet stocks at this price can easily explode to $1/share on good news without current SEC financials. News of funding/drilling will put this back over .20/share immediately, IMO.
Eventually they will have to be SEC current but at this stage the most important thing is the funding and drilling.
Even just .50/share here and most/I will have a big, big winner!
Good Luck