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That's interesting that the sellers of the claims would take a value of $2.75 a share when the stock was trading in the .80 range when the deal was made. Certainly raises the question of whether or not it was an arms length transaction.
You know, the more I think about it, for tax purposes the seller would only recognize the amount that they actually sold the stock for as that portion of the sales price. So it would probably be to their advantage as well to have an inflated value on the stock price.
That's probably why it doesn't work.
I heard part 2 included GLXI management
Who knows, as far as I'm concerned you just confirmed it.
analogdog, will they be announcing soon that the new CEO for glxi is none other than J. Michel De Montigny, who has been going by the name "John Michaels"?
Well, I know sometimes people use an anglicised and sometimes a partial version of their full name.
analogdog, maybe "John Michaels", or whatever his real name is, demanded they take part two down.
analogdog, is that the real name of "Jim Smith"?
According to John Michaels, or whatever his name is:
6) Up Listing: Again they try to discredit us without any facts when they say we have no intent to file any SEC reports, as I clearly explained, we have evaluated different avenues who would bring us ASAP to higher exchange specifically to increase shareholders assurance of our credibility. We have completed our inquiries and made a decision that will be disclosed in the next few days.
Are they going to announce a merger with qttm? Or a sale of the claims to qttm for shares to distribute to the s/h?
spicemike, is John Michaels his real name?
vtopa, here is a post from the qttm board that should be of great interest to you:
Posted by: Lexit
In reply to: Doubloon who wrote msg# 113 Date:3/25/2007 8:24:56 PM
Post #of 121
Uranium and Exploration Miniere Grenville (Raynault)
1- Just point of order about QTTM and Uranium, the info box on this MB clearly states: "A new Dynamic Emerging Mining Resource Corporation with investments in; Zinc, Silver, Copper, Gold, and Uranium ."
So does their website on the home page:" M45 is an Emerging Mining Company with a comprehensive knowledge of Northern Quebec and the North American Mining Territory and Industry. The Company is involved in the active exploration and development of the following metals: Zinc, Silver, Copper, Nickel, Gold and Uranium ."
http://www.m45mining.com/
2- Also by coincidence, Marie Andree Raynault, the president of Exploration Miniere Grenville who sold those 292 mining claims to QTMM bears the same family same as Ollu's wife, Denyse Raynault.
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4925910&Type=HTML
The mining claims sold by Marie Andree Raynault's Exploration Miniere Grenville so happen to be in the very same area as HRRN's Matagami project which is HRRN is saying will begin in spring of 2007:
http://www.he-5resourcescorp.com/matagami.html
The PR mentions the location of the claims:
"NEW YORK, NY-- (MARKET WIRE)—October 18, 2006 – HE-5 Resources, Corp. (HRRN: Pink Sheets), is pleased to announce the acquisition of claims in the Matagami Mining Camp, Quebec; located adjacent to the Perseverance zinc mine owned by Falconbridge Limited, subsidiary of Xstrata plc. HE-5 has completed the acquisition of 176 mining claims covering an area of 70 square miles in the Matagami Mining Camp. The Company plans to acquire additional claims that would more than double its current interest in this prolific mining camp.
The mining claims are located approximately 10 km. west of Matagami in the Daniel and Cavalier Townships (NTS Map Sheet 32F12), in the area known as the Matagami Mining Camp.
QTTM's PR also states they have claim in the same map grid (32F12):
"Quantitative Methods, Corp. Announces Acquisition of
292 Claims in the Matagami Mining Camp
Monday January 22, 3:39 pm ET
NEW YORK, NY--(MARKET WIRE)--Jan 22, 2007 -- Quantitative Methods, Corp. (OTC BB:QTTM.OB - News) today announced that as part of its $4.5 million total investment, it has acquired 292 claims in the Matagami Mining Camp, located in the Province of Quebec, Canada. The mining claims are located adjacent to the Perseverance Zinc mine owned by Xstrata plc, the world's fifth-largest diversified mining company by market capitalization. QTTM has, in effect, completed the acquisition of 292 mining claims covering an area of 35 square miles in the Matagami Mining Camp. The transaction was made between "Quantitative Methods, Corp." and "Exploration Minière Grenville Inc.," and is for an aggregate value of $4.5 million (US) in return for valued consideration, including cash and shares.
QTTM Management has completed the Due Diligence. (This transaction is conditional on the approval of Regulating and Governing authorities.) The mining claims are located approximately 10 km west of Matagami, in the "Daniel Cavalier Townships." (NTS Map Sheet 32F12). Matagami Mining Camp is a world-class mining district, composed of 18 known volcanogenic massive sulphide (VMS) deposits. The area is host to historical production of 8.6 billion pounds of Zinc and 853 million pounds of Copper and has established infrastructure including a railway, paved road and a 2,350 t/day mill owned by Falconbridge.
The Board of Directors also announced the change of its Law Firm to "Michael S. Krome" Attorney, 8 Teak Court, Lake Grove, New York, 11755, (631-737-8381). The firm made the change to facilitate daily access to a legal advisor. The firm has completed all terms and severances with its previous law firm.
For more information, please contact Mr. John Michaels, Investor Relations at (514) 812-4568 or via email at info@qttmtech.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. "
Amazing coincidences, no ?
Why don't people listen to me?
I'm sure John knows who and what Andrea is. Perhaps you should check your premise.
Cajolais is the registered agent for New Trends Franchise Group. The officers of New Trends are a couple of guys from Quebec.
Denyse Raynault is not a he. She (the CEO of HE-5 Resources) is married to Serge Ollu, long time friend and business associate of Andrea Cortellazzi (Easiest affiliation to verify is Coastal Holdings). HE-5 Resources is the successor corp to Botaniex, Inc. which was the successor corp to CortDev, Inc., which was the successor corp to Proactive Computer Services, Inc. All of which are Andrea Cortellazzi related companies.
The same Denyse Raynault made the name reservation in Nevada for Umining. The name was reserved about the same time that glxi PR'ed that they would be incorporating in Nevada, before they had a sudden change of heart and incorporated in New York.
Andrea Cortellazzi owns 56% of QTTM, and the GLXI company representative confirmed that he is indeed a shareholder of GLXI.
I'll leave it to all of you to decide if this information is good or bad, but the connection is undeniable.
Iceman, he's only been the monitor here for less than a week. Right after I posted the connection between hrrn and glxi.
You guys are good, it took me a couple days to come up with the same info you uncovered in a couple hours.
Just a couple minor corrections TruthTeller1:
Umining never incorporated in NV, they reserved the name but had a sudden change of heart after pr'ing that they would incorporate in NV and incorporated in NY instead.
Denyse Renault - CEO of HE-5, and the person that signed the name reservation in NV for Umining is actually the wife of Serge Ollu. Serge is the old friend and business associate of Andrea Cortellazzi.
Posted by: Doubloon
In reply to: gsharon who wrote msg# 882 Date:3/16/2007 10:56:08 PM
Post #of 961
GLXI is a pinkie with no filings or reporting and is followed by a group of uneducated mineral investors drunk on their own kool-aid. If you think GLXI is a bargin now just wait for 2 months.
short position? Too funny. When a stock undergoes a 1 for 200 R/S the share price eventually finds its way back down to where it started, because management will continue to dilute.
Doubloon, fair enough. But I think that the more you learn about all those companies Mr. Cortellazzi brought into the public arena, the more you will agree with my way of thinking.
It's apparent to me that you are a man of character, and possess a great deal of knowledge about mining companies. That combination deserves a member mark from me.
hasher LOL, don't mistake my post as concern. I know you've been playing this game for a long time (we've posted to each other in a previous life on pwtc many years ago), and frankly, it wouldn't bother me if you got caught holding this bag, but I know you're too smart for that.
I'm just calling a scam a scam, and that might be premature. But as with most scams, absolute proof isn't out there until it's too late.
Doubloon, thanks for the reply on the Stocks that glow board. I agree wholeheartedly with your assessment of GLXI.
I found Cortellazzi's involvement with M45 (QTTM) through his application with the Nevada Sec. of State. His involvement as a major shareholder was confirmed by the moderator of the qttm board (klonopin) in a public post to me on the glxi board. His latest known company is Coastal Holdings (COHG). A poster named Due Dillenger has provided a lot of background on Cortellazzi on Raging Bull, most of which has unfortunately been deleted.
As I'm sure you are aware, glxi and qttm currently share the same mailing address (a house in Montreal), as well as the same IR. Also, the name Umining was reserved in the state of Nevada in February by Denyse Raynault, who is the CEO of HE-5 Resources (HRRN), and the wife of Serge Ollu, a long-time business associate of Andrea Cortellazzi.
One last coincidence, Trimax Capital Group's website lists four companies on their "projects" tab - Umining, M45, HE-5 Resources, and a company called Ucan that I cannot find further information about.
Anyway, I've come to my own conclusions about these companies and the people that run them, I'll let you decide for yourself.
Doubloon, I like your style. Just having trouble reconciling your thoughts on glxi with your postings on their sister stock, QTTM. Are you familiar with Andrea Cortellazzi, their major shareholder?
Hasher, bought a little of that Cortellazzian stock, glxi did ya? Hope you're not betting on klon and group running it much higher.
Umm, no roger, you're doing your best to ignore all the connections.
These guys will tell you exactly what you want to hear. While you're checking out HE-5 this weekend, check out Coastal Holdings, also.
roger, go do a nevada corporation search for Umining, you will see who reserved the name. I know they didnt incorporate in nevada, but they planned to at one time. Also, Trimax ties them all together. Hmmm.
Hey roger, I see you're over here checking out what your future holds for GLXI. Tell Serge everyone hear says bonjour.
If anyone is interested in the future of GLXI, just check out HE-5 Resources (HRRN), same group of Montrealers involved.
analogdog, your post implies that glxi has an NI43-101 report issued, when the fact is they do not.
You imply that (Nomura, Pali Capital, Dresdner Bank, JJ Wall, and Bear Stearns) are involved with a financing deal with glxi when the fact is they are not.
The remainder of the post is third hand info you ran through your fuzzy logic machine.
yes, and URME is fully reporting - HUGE DIFFERENCE
analog, you know historical claims can be exploited faster than new finds. It takes years to bring a mine to production.
Here's a quote from one of your own posts:
John Wilson, of Resource Capital Research, says it takes at least five years to develop new mines once the stuff is found.
What are you saying analogdog, they have claims.
Look at URME.. close $7.51 without uranium
I believe Denyse Raynault & Serge Ollu and Andrea Cortellazzi are involved with a couple of stocks that just got into Uranium plays, GTXI and QTTM. Check out my previous posts for a few clues, still haven't put it all together.
Yes, but they reserved the name in Nevada, here is the link:
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=6TmbnblNSS%252fpMbFQMh0sOQ%253d%253d
fedex11, I'm searching for facts the same as everyone else. Here is how I tie them together so far:
Trimax lists four projects on it's website, (I think it's their only ones).
GLXI (UMINING) - recent change in direction - Uranium claims
QTTM (M45) - recent change in direction - Uranium claims
HRRN (HE-5) - Uranium claims
UCAN - (NO INFO) -
Denyse Raynault - Current CEO of HE-5 (HRRN), filed for name reservation for UMINING in Nevada.
Andrea Cortellazzi - Current CEO of Coastal Holdings (COHG), filed for name reservations for M45 in Nevada. According to klon, the major shareholder in M45.
Thank you for the correction mrbojangles. It's TRIMAX CAPITAL GROUP that is tied in with Andrea Cortellazzi and Denyse Raynault. You guys can read more about them on their other stock boards COHG and HRRN respectively.
ok klon, so Andrea Cortellazzi is a major s/h in qttm. Let me guess, that leaves HE-5 Resources CEO Denyse Raynault as the major s/h in glxi? That makes sense because Trimark Capital Group's only other listed project besides Umining and M45 is HE-5 Resources. Am I getting close?
kklon, who is Andrea Cortellazzi? What does he have to do with UMINING?
Why does glxi and your other new play qttm share the same street address in Montreal?
Why does glxi and qttm share the same ip address with Trimark Capital Group? Are they all related?
good job klon, you're very good at what you do. Interesting, your two new favorite stocks glxi and qttm, both new to the uranium mining business, share the same street address in Montreal, what a coincidence. They even share the same IP address, along with Trimax Capital Group, the outfit that is giving them both their "non-dilutive" financing.
It happens to be the same street address as one Andrea Cortellazzi, when he reserved the name M45 Resources in Nevada. I need to research Mr. Cortellazzi some more, he is CEO of Coastal Holdings, Inc. (COHG), seems Due Dillinger wrote a few posts about him in January (he doesn't seem too highly regarded).
You think these two will be able to retain their value a little longer than some of your other gems: cmkx, cshd, ckys?