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panipoo, how any shareholder could not be disgruntled after the decades of lies dumped on them is beyond me.
significant revenue from the production of PMs from el cap will not come before March 27, it will not come before the shareholder meeting, it will come on the 5th of Never.
PS a check is worthless until it doesn't bounce.
transfer of significant revenue to ecpn for production of PMs will happen on the 5th of Never
the continuing rampant dilution is reducing the value of the iron to shareholders every day. I think the delay in the 10-k and 10-Qs is because management does not want shareholders to see this.
panipoo, there might be some value to the Iron, $0.01 cents per share, if shareholders are really really lucky
get, past and current mining scams have convinced me that the sec is ineffective at stopping mining scams. shareholders need to force the sec's hand with the help of civil and criminal suits.
Git, the thing to understand about oneb is he was an ecpn cheerleader like no other. constant pumping for years and years. A very small sampling below from an old post.
Pan, your man of the cloth is onebeliever whose record of bad advice is unparalleled. It is so bad that some have renamed him onedeciever. Some think he is purposely decieving people and he believes that money is the root of all evil so he is on a mission to empoor people. I think he is just overcome with his self admitted compulsive gambling problem. Judge for yourself. Below a small sampling of his deranged ramblings that are attempts to mislead people.All these quotes below are verbatim.
onebeliever » Fri Aug 31, 2012 2:19 pm
Jake...MANY are going to be kicking themselves for not buying in at .45 when they had the chance!
What a great time in history to be a part of the El Capitan family!
onebeliever » Thu Jun 16, 2011 8:12 am
I wanted you all to know that I helped a pastor friend get set up with Scottrade this week. I helped him through placing his FIRST EVER order of any kind. He never bought a stock before in his life and he is 63 years old. First stock...ECPN!! He is not the only pastor friend I have recommended this to. I believe that our word of mouth is the best advertising we can do for ECPN! I am telling people like I have never told people before!!
Hope you are telling people too before the SP skyrockets!!
by onebeliever, Tue Jun 28, 2011 3:50 pm
I want you all to know that I added to my position today. I actually feel guilty about this knowing what we all already know. I really do. I keep thinking about the person who sold their shares to me under a dollar. What if this was a family facing the possibility of losing their home and they had no choice but to sell right now? They just could not hold on another day waiting for the same news we all are waiting on...latest Arrakis results. I really feel sorry for them and hope their situation was not a must sell!
onebeliver • Nov 3, 2011 2:49 PM
Ecpn72t...Please do not give up on ECPN or me just yet. Give us these three weeks. I am thrilled they are no longer waiting on Arrakis. Copperstate is where the action is and all energy and focus will now be there!! They are getting fantastic results, so why look anywhere else?
Ecpn72t, I have faith that your faith will be restored!
JUST HANG ON!!
onebeliver • Dec 2, 2011 5:24 PM Flag
To all the Onebeliever unbelievers... You know who you are and you do not have a clue as to what is really going on! Ricketts told us all the 43-101 update will be posted to our web-site after it is reviewed. THE IMPACT ON THE SP WILL COME WHEN THE IB SIGNS!!
onebeliver • Nov 19, 2011 10:13 AM Flag
Ista...I am desperate. Trying to sound the alarm for all of you skeptics. Last days are here for all of you to be able to load up under 50 cents!! Get a few thousand shares while you still can!!
One
git, onebeliever got shorn alright, he was a early investor. lying larryloo talked him into mortgaging his house to be able to put more money into the "sure thing" el cap scam. I think lying larry knew ol onebeliever had a gambling problem and used that to seal the sting. He knew ol oneb could not resist his talk of making zillions from golden riches.
get, onebeliever was damaged. He has very right to go after the culprits and cohorts. I was not damaged by ecpn. They provided years of entertianment. I have absolutely no information other than general mining knowledge, observations of other mining scams and ecpn PRs and other public documents. These documents make it obvious ecpn is a scam. I tried to warn all about ecpn, maybe I saved a few.
Good to see someone trying to take action against the ecpn scammers whose very false and misleading statements and outright lies caused so much pain and suffering.
ecpn stated that JM paid for Pt only. What happened to the Pd, Au and Ag?
What happened to the delayed 10K and 10Q which will document the continuing rampant dilution and the disappearance for funds into culprits and cohorts pockets?
With a heritage stretching back to 1817, Johnson Matthey has a deep expertise in the recycling and refining of platinum group metals. In fact, we're the world's largest recycler of platinum.
PGM refining is a highly complex process which requires a deep understanding of material science, pyrometalurgy, multi stage chemical separations and analytical science. Through application of these core technologies, JM provides its customers with a full seven metal separation of gold, silver, platinum, palladium and the insoluble, difficult to separate rhodium, iridium and ruthenium.
invest, the vast majority of PM concentrates sent to refiners have no platinum and generally the refiners have no way to recover the platinum. So Pt refining differed from Au-Ag only refining.
The vast majority of platinum bearing concentrates from mineral deposits contain important amounts of paladium and gold. No one will sent their Pt concentrates to JM if they don't get paid for the paladium and gold. While JM may not process gold silver only concentrates, they do recover the gold in Pt concentrates.
The process ecpn used, mixing copper with dirt and melting it, will form a metal bar with a high percentage of the gold, silver, platinum and paladium in the dirt. All 4 are very strongly attracted to the copper melt. The only way for ecpn dirt to have only Pt and not Pd, Au and Ag is if they started with the real el cap dirt, which does not have PMs, and refined Pt inquart was added.
Mr. goldless, you are really full of it. very iron rich samples are assayed with modificstions to fire assay flux. There are many iron rich gold deposits worldwide and none of the operations have trouble assaying or recovering the gold. Any large miner will decide to buy the iron or the PMs by generating their own proof. None will rely on ecpn BS.
Mr. goldless, that is total and complete BS. Johnson will refine and sell any gold it can get its hands on
Mr. goldless, look at comparables. Alderon Iron Ore co. has 1,274 million tons of iron ore reserves at 30% Fe. Their Market cap is $36 million
ecpn has maybe 50 million tons at 30% Fe. ecpn market cap is around $16 million. If you adjust ecpn market cap to reflect the reserves then ecpn market cap should be less than $2 million or less than $0.005/share. subpennys are coming
Panipoo, look at comparables. Alderon Iron Ore co. has 1,274 million tons of iron ore reserves at 30% Fe. Their Market cap is $36 million
ecpn has maybe 50 million tons at 30% Fe. ecpn market cap is around $16 million. If you adjust ecpn market cap to reflect the reserves then ecpn market cap should be less than $2 million or less than $0.005/share. subpennys are coming
panipoo, iron grades at el cap are not rich, they are about 30% Fe and are in narrow layers so will have to be mined selectively internal waste discarded. Then the 30% dirt will need to be concentrated to 60%. Australian and Brazil have huge massive high gradew deposits that they just dig up and ship.
There is no steel mils in New Mexico. If construction started tomorrow it would be years until they started buying iron ore. At most there may be a company looking at the feasibility of building a mill. New Mexico is probably one of many options. Even if they decided to build one in New Mexico, purchase of iron is years away.
At 30% Fe el cap has about $40/ton of contained iron which is heavy and expensive to ship.
The fastasy PM numbers invented by ecpn range from 0.4 to 1.2 opt Au equivalent for the dirt. That is $500 to $1500 per ton of contained fantasy metal. If they really had PMs they would not be even thinking about iron.
3 amended old quarterlies came out. nothing new. Reclassification of the $millions paid to cohorts does not change the fact that $millions were paid to scam cohorts. And some still claim the scam theory lacks motive. Really???
Where are the delinquent 10K and 10Q? The 10-K to Sep 30 2017 and 10-Q to Dec 31 2017 will provide even more documentation of the payments to cohorts and the rampant dilution underway to fund these payments. Are the delays to hide the rampant dilution and laundering of the proceeds into culprits and cohorts pockets?
panipoo, I think big dog doug joined so he could have some comic relief in his old age. stumbleton and muttley bumping into each other are sure to provide that.
Also he will be able to apply his zero (0.0000) mining/ore processing experience to the company.
git, ecpn scamsters will say that it is because ol charlatan davidson's secret sauce methods are superduper and can perfectly separate Pt, Pd, Ag, and Au into different concentrates by gravity/magnetic methods. The only thing is you could really do this then you would have the complete opposite of "çomplex ore". The story they are putting out is completely ridiculous from a technical standpoint.
panipoo, those are re-files of mining claims. they had them before but dropped them to save money so they had more money to put in their pockets. In areas with real PMs when you drop claims adjacent to discoveies there is big competition for the ground. At el cap no worries. The claims can be dropped to be picked up later since nobody with any mining knowledge will bother to stake the ground in the meantime. Why are people with mining knowledge so dis-interessted in el cap area? Inquiring minds want to know!
panipoo, $4,360 worth of Pt. They burn through $2-3 million/year. How do you know some of that money did not go to buy $5,000 in Pt inquart to melt with the copper? That is only 0.2% of their burn rate.They have admitted to the use of inquart.
arkie's threats are 100% malarkey. He will never ever follow through. Arkie's agitation is perhaps a sign of panic creeping into stumblebum. With the accountant and geologist abandoning ship I don't think the rats will be far behind. Will stumblebum go down with the ship? I don't think so. That would be be way too honorable for the likes of him. He has recently been well described by retire.
by joe at yahoo board
4 hours ago
Here is the skinny on ECPN: Currently, the "Deal" the company has for the remaining 2200lbs of concentrates is NOT with a refinery but with a 3rd party who will act as a middle man to a Canadian refinery. Even though the December 8th press release states "consummates a deal with a refinery" that is not the case. In fact, the subsequent press release put out by the company conveniently leaves out the agreement is not with a refinery but a "buyer". Furthermore, ECPN's agreement with said "buyer" was not being shipped to them and the title was transferred at the end of the year. It is then the "buyers" responsibility to ship it to the Canadian based refinery. If you're asking who the "buyer" is, it's none other than Larry Lozensky (who by the way owns Gulf Shores Mining, LLC with David Davidson and Arly Richau). In addition, ECPN is hoping to get paid by the end of the month for the concentrates sold, however there is a very good chance that will not be the case. Several board members have expressed little optimism surrounding getting paid and are praying that it actually happens.
As for the 10-K, everyone knows at this point the company has missed two deadlines. The reason being that their Audit firm, Malone Bailey, has fired them as a client. The audit firm was not happy with the way ECPN has been doing their financials over the past 18months, mainly pertaining to the pilot plant operation, and asked for several disclaimers releasing them from liability since they disagreed how the company was preparing their financial statements. ECPN had no choice but to find another firm to help them properly file their documents. There is little doubt that the company will address this issue and explain why they were told to take their business elsewhere.
In a previous press release, the company stated the Shareholders meeting for 2018 would be held in March. That is now not true. Without notifying their shareholders, the board has decided to move the meeting to May, although they have yet to set a date, time or location. Nice of them to inform their shareholders since they publicly stated they were going to have one within the next 6 weeks.
Lastly, Clyde Smith, long-time board member, has resigned from the board last week. The reason is because he questioned David Davidson's process for refining/smelting and asked for metrics and outputs to support Davidson's claims. David Davidson has repeatedly denied Clyde Smith access to his process and the outputs, claiming it to be proprietary. Funny, when Betty Crocker sells a cake in a box, the time and temperature are not what is proprietary, it's the ingredients in the box. So in David Davidson's case, the materials provided by ECPN is the only thing that is proprietary, not the way it is refined/smelted. If Davidson has such a patent on his procedure, he should provide the documentation. Moreover, the equipment Davidson used was paid for by ECPN which should not limit anyone from ECPN to verify the outputs.
In summary, ECPN delayed their 10-k due to a dispute with the audit firm (MaloneBailey), entered into an agreement with Larry Lozensky which they may or may not get paid on time (or ever) and had a long-standing board member who helped provide validity to their mine site due to his skepticism over David Davidson's process. As a shareholder, it's appalling and criminal in which the way ECPN's management has conducted business. The SEC needs to investigate immediately and hold the people responsible for this scam accountable.
Oh, and I'll leave you with this little nugget. About two years ago Statpleton lent the company $30,000 in which he was provided 200,000 shares and accrued interest at 18%. Last year the company renewed the agreement and awarded Stapleton another 200,000 shares. It's amazing to think this company can't get a loan from a bank for $30k for less than 18%. I guess stapleton is just a softy and gave ECPN a sweetheart of a deal.....
full of malarkey arkie's threats are as empty as his head and that is a vacuum. And even if he actually did try to do something legal his master stumblebum would order him to cease immediately. The last thing stumblebum wants is more legal light shined on ecpn. That is why full of malarkey arkie is in such a panic and spewing his empty threats. He hopes to bluff shareholders into meekly accepting their fate (being royally ripped off by ecpn lies), while stumblebum, lying larryloo and cohorts sneak quietly off into the sunset, their pockets bulging with ill gotten gains
Jron, I didn't think full of malarkie arkie could get any more full of malarkie. I was wrong. He is gonna sue them for what? presenting evidence to the SEC? He should be sued for aiding and abetting a scam ripping off thousands of people
Git, You found it, the world center of mining tecnology
The key question for both is Why? Audit firm was replaced by another. However, circumstances suggest the old one left because of ecpn irregularities and questionable practices.
Smith was the only tiny shred of scientific credibility ecpn had. Now they have absolutely zero scientific credibility. He left because?
1. He disagreed with ecpn BS PRs.
2. ecpn did not follow his advice for independent 3rd party verification.
3. His BOD reccomendations were ignored and not acted on.
4. He figured out handy randy scammed him.
5. All of the above
or
6. He is old and tired
lying larryloo and stumblebum are likely to get off scot free and walk away from ecpn with piles of shareholder money. Everyday that passes puts more payola into their pockets. ol onedeciever is fighting against shareholders moves to get the SEC to act. He wants a little bit of his money back rather than the truth. Like others. The only possible way for shareholders to get something back is a civil suit that goes after disgorgement from larryloo, stumblebum and other cohorts. That is probably a difficult road and the money will prolly be well hidden. Maybe some of these scummy lawyers that go after company management for 50% of the take will be interested in taking them on. They will only do that if they can find something worth going after.
The $2 million in revenue expected in March?? That will be delayed until never ever.
I think there is little doubt that larryloo has been the chief beneficiary of the ecpn scam. He got out of management a few years ago with the merger with G&M and walked away with a pile of shares which he could sell with no notification to anybody. He has probably dumped most or all of those. He made a heap while he was with G&M. For instance he was paid $20,000 a month for sitting on his hands managing the silly little cod mine project which never ever had a chance to return anything to ecpn.
For larryloo, ecpn is the gift that keeps on giving. The 2 to 3 $Million/year ecpn burn rate over the years? Ya ever wonder where that goes? There is absolutely no sign it went to create shareholder value. Well I think big chunks this disappeared burn rate found its way into larryloo’s pockets and continues to do so.
How could this happen? Larryloo is not part of ecpn anymore. Well, larryloo was the main onsite manager at el cap for many years. He and his side kick dandy randy, were in charge of $millions in site work and sample collection for many years. Seems there is nil or nothing to show for all that dough. Where did it go? He has also had a long term relationship with charlatan davidson. The two are the principles in GCH.
So Larry has two current ecpn insiders in his pocket, both with their fingers deep in el cap dirt. Through these lackeys he controlled every sample Smith collected. He also is a partner in aurasource. He gets a commission for every transaction aurasource does with ecpn. I bet he is on the receiving end of a significant part of the $60,000 to $150,000 ecpn spends on exploration and pilot plant costs every month. It makes you wonder if stumblebum might receive some kickback from these “exploration” costs? If Gay is on the up and up, and alzhiemers has not set in, he should have a close look at the accounts.
Don’t give up hope for a dime Jron, at this very moment ol lying larryloo lozenscum is hitting up some new church groups spinning falsehoods and putting golden dreams in their heads. Their golden dreams will result in a golden shower from stumblebum but not before they are relieved of their cash.
So those new fangled PMs would be stumblebumium and chuckelyoubite. They should be good for a few months. Get them through the shareholder meeting at least. Then they can spring the fabulous news about diamonds and get carried into 2019. 2019 will be the year of REE news and passing 1 billion shares sold.
There is a move to superherofy stumbleton on account he has singlehandedly saved ecpn from total collapse. I agree, keeping a totally obvious scam going is tough. He has had to use all his super powered lying skills to make it happen. His lies keep sucking in newbies to augment the deluded in his existing shareholder base to buy dilution shares to fund ecpn's payments to cohorts. Way to go stumbie!!
It will be until 2019
new rumors of fantastic assays, this is an old oft used ploy.
Will shareholders believe any of it and be distracted from the lack of revenues? Seems so. Many are lie glutons, they can't get enough of managements lies to lap up.
Remember all the previous fantastic assays. And remember that 0.03 grams of gold added to a 1 kg sample = 1 opt gold. That is $1.20 worth of gold. Even handy dandy randy can afford that.
To fund their corruption, ecpn management increased the authorized shares from 400,000,000 to 500,000,000 in 2016. They will do it again soon. They can use the preferred shares to get the majority of votes for this so shareholders votes are not relevant. However it is interesting that 92,000,000 shares voted "NO" in 2016 (see below).
On August 23, 2016, El Capitan Precious Metals, Inc., a corporation that files reports with the SEC pursuant to Section 15(d) of the Securities Act of 1933, as amended (the “Company”), mailed proxy materials for its annual meeting of stockholders (the “Annual Meeting”). The Annual Meeting is scheduled on Wednesday, September 28, 2016, at 10:00 a.m. local New Mexico time. At the Annual Meeting, stockholders are being asked to consider and take action upon (i) the election of five directors, (2) the ratification of the appointment of Malone Bailey, LLP, (iii) the approval of an amendment to the Company’s Articles of Incorporation that would increase the number of authorized shares of the Company’s common stock from 400,000,000 to 500,000,000 shares;
Sep 4, 2016 8-K
The stockholders approved an amendment to the registrant’s Articles of Incorporation to increase the number of authorized shares of the Company’s common stock from 400,000,000 to 500,000,000 shares. There were 542,535,254 votes cast for the proposal (of which 365,655,720 shares were cast by the holders of the Company’s Series B Convertible Preferred Stock); 92,361,876 votes were cast against the proposal; 6,825,168 votes abstained; and there were 782,941 broker non-votes. Holders of outstanding shares of Series B Convertible Preferred Stock were entitled to vote such shares at the meeting only with respect to this proposal, and did not have the right to vote such shares on the other proposals brought before the meeting.
panipoo, will it be coming through next week, next month, next year, next century or after the next big bang?
panipoo, yep, super big things coming, thats why $10,000 in shares changed hands yesterday at 3.5 cents. Deep pockets smart people in the know like you are in a frenzy buying shares because they know whats coming. Nothing but more of the same. Nil revenue this year like all 20 previous years and all years to come.
Jron, I already insighted those filings in previous posts. They are nothing new. They just re-categorize the shareholder monies paid to the likes of lying larryloo, Arly Richohboy, and charlatan davidson. $millions for absolutely nothing in return.
Git, Yes I do think it will be issued. Dilution is the only possible source of funding for ecpn. Significant revenue from el cap PM sales will not come in 60 days or 60 years or ever. So they got to stay current in their filings and increase the authorized shares or close up shop. There are too many livelyhoods at stake for ecpn to go calmly in the night.
The scenario I see where this would not happen is if there are honest board members who get suspicious and scared they will be implicated in the scam and put the brakes on. I don't see this happening quite yet. None on the board are technical so probably none understand the gross technical flaws underlying the el cap scam. However based on logic they must be very suspicious. However, stumbleton will be putting tremendous pressure for continuing dilution and putting the necessary things in place for this to continue.
I think that the following is somewhat likely.
1. ecpn gets current in it's fillings, rampant dilution continues.
2. they have the shareholder meeting and increase the authorized to 750,000,000 or 900,000,000.
3. the shareholder meeting will come and go with no significant revenue but with promises it is coming soon.
I think that when April-May come and go still with no significant revenue the whole charade could destabilize. Will any of the cuprits be punished. Probably not.