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False statement like your saying the float was 19 million and the email you said you got from the TA confirming that.
Those shares won't be available for sale 2 years. I know that is a difficult thing for you to grasp.
And yet the float remained the same...3.25M shares.
And yet there's no mention that those shares are restricted for two years. NO DILUTION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! MM
There is no dilution...zero. MM
That's inaccurate information. The float is 3.25M and has been all summer long. MM
Incorrect. He said that the TA doesn't give out float numbers only Restricted, Unrestricted and Held at DTC.
You also said you had an email from the TA and we have not seen that yet. Why have you not posted it?
Where is this email from the TA you said you have that shows 19M in the float?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157834120
The report is from DTC itself showing float 3.25million.
That's incorrect. Float hasn't changed - 3.25m
https://backend.otcmarkets.com/otcapi/company/financial-report/258716/content
Incorrect again
The Company was a shell prior to 2016. Therefore, it has previously been a shell. A straight forward concept - being a shell previously means it is a former shell company. So according to the SEC's own website the only way Rule 144 applies to a former shell company is if it is "subject to the reporting requirements of section 13 or 15(d) of the Exchange Act"
Are you trying to tell us that CGLD is now a reporting company to the SEC? I ask because its obviously not a reporting company.
I guess you have not read the link yet - https://www.sec.gov/info/smallbus/secg/rules144-145-secg.htm#:~:text=Under%20the%20amendments%2C%20Rule%20144,unless%20certain%20conditions%20are%20met.
How can securities of shell companies be resold?
The Commission also codified a staff interpretation relating to the treatment of the securities of shell companies. Under the amendments, Rule 144 is not available for the resale of securities initially issued by a shell company (reporting or non-reporting) or a former shell company. These securities can be resold only through a resale registration statement, unless certain conditions are met. These conditions are:
the issuer of the securities has ceased to be a shell company;
the issuer is subject to the reporting requirements of section 13 or 15(d) of the Exchange Act;
the issuer has filed all reports and other materials required to be filed by section 13 or 15(d) of the Exchange Act, as applicable, during the preceding 12 months, other than Form 8-K reports; and
one year has elapsed since the issuer has filed current ‘‘Form 10 information’’ with the Commission reflecting its status as an entity that is no longer a shell company. If these conditions are satisfied, then the securities can be sold subject to all other applicable Rule 144 conditions.
You are very much incorrect. Its current shell status is irrelevant since it was a shell previously and is not a reporting company.
The SEC's own website shows that you are incorrect - it is an easy read.
https://www.sec.gov/info/smallbus/secg/rules144-145-secg.htm#:~:text=Under%20the%20amendments%2C%20Rule%20144,unless%20certain%20conditions%20are%20met.
How can securities of shell companies be resold?
The Commission also codified a staff interpretation relating to the treatment of the securities of shell companies. Under the amendments, Rule 144 is not available for the resale of securities initially issued by a shell company (reporting or non-reporting) or a former shell company. These securities can be resold only through a resale registration statement, unless certain conditions are met. These conditions are:
the issuer of the securities has ceased to be a shell company;
the issuer is subject to the reporting requirements of section 13 or 15(d) of the Exchange Act;
the issuer has filed all reports and other materials required to be filed by section 13 or 15(d) of the Exchange Act, as applicable, during the preceding 12 months, other than Form 8-K reports; and
one year has elapsed since the issuer has filed current ‘‘Form 10 information’’ with the Commission reflecting its status as an entity that is no longer a shell company.
If these conditions are satisfied, then the securities can be sold subject to all other applicable Rule 144 conditions.
There are no opinion letters. Those shares are restricted for 2 yrs. MM
Gold Mining Company Buscar Begins Crushing Ore at Treasure Canyon Mining Site
DENVER, Sept. 29, 2020 /PRNewswire/ -- Buscar Company (CGLD) announced today that the Company will begin crushing ore this week as mining and milling equipment continues to arrive on site.
President Thomas Heathman stated, "Things have settled down considerably from the wildfire activity in Plumas County and our team is excited to announce that we will begin crushing ore this week. The equipment we already have on site will allow us to begin crushing ore this week as we anticipate all of the additional mining and milling equipment arriving in the coming weeks."
Buscar Company is a mining operation that holds the rights to the Treasure Canyon Mining claims located in Plumas County, California. More information on the 200 acre property, maps, drawings, assays and an appraisal of the mineral reserves can all be found at the company website, https://BuscarCompany.com
Mr. Heathman finished up with, "We can't tell you enough how excited we are as a team to finally reach production status even if on a small scale. This twelve tons of ore that are ready to be crushed should give us a realistic glimpse into the future of our mining efforts at Treasure Canyon. This initial run will go through smelting and will be sent to the refinery and from there, we look forward to reporting the results to you. We will also take pictures and videos over the coming weeks documenting our activity and will upload to our website as soon as we can. We can't thank you enough for the months of support that it took to get us to this point and we look forward to speaking with you again soon."
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. https://www.buscarcompany.com/forward-looking-statements
Please refer to our Forum at https://www.buscarcompany.com/forum and the Company's Twitter page https://twitter.com/BuscarCompany for additional information and updates.
Contact:
+1-(661)-418-7842
info@buscarcompany.com
View original content:http://www.prnewswire.com/news-releases/gold-mining-company-buscar-begins-crushing-ore-at-treasure-canyon-mining-site-301139532.html
SOURCE Buscar Company
Gold Mining Company Buscar Begins Crushing Ore at Treasure Canyon Mining Site
DENVER, Sept. 29, 2020 /PRNewswire/ -- Buscar Company (CGLD) announced today that the Company will begin crushing ore this week as mining and milling equipment continues to arrive on site.
President Thomas Heathman stated, "Things have settled down considerably from the wildfire activity in Plumas County and our team is excited to announce that we will begin crushing ore this week. The equipment we already have on site will allow us to begin crushing ore this week as we anticipate all of the additional mining and milling equipment arriving in the coming weeks."
Buscar Company is a mining operation that holds the rights to the Treasure Canyon Mining claims located in Plumas County, California. More information on the 200 acre property, maps, drawings, assays and an appraisal of the mineral reserves can all be found at the company website, https://BuscarCompany.com
Mr. Heathman finished up with, "We can't tell you enough how excited we are as a team to finally reach production status even if on a small scale. This twelve tons of ore that are ready to be crushed should give us a realistic glimpse into the future of our mining efforts at Treasure Canyon. This initial run will go through smelting and will be sent to the refinery and from there, we look forward to reporting the results to you. We will also take pictures and videos over the coming weeks documenting our activity and will upload to our website as soon as we can. We can't thank you enough for the months of support that it took to get us to this point and we look forward to speaking with you again soon."
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. https://www.buscarcompany.com/forward-looking-statements
Please refer to our Forum at https://www.buscarcompany.com/forum and the Company's Twitter page https://twitter.com/BuscarCompany for additional information and updates.
Contact:
+1-(661)-418-7842
info@buscarcompany.com
View original content:http://www.prnewswire.com/news-releases/gold-mining-company-buscar-begins-crushing-ore-at-treasure-canyon-mining-site-301139532.html
SOURCE Buscar Company
Those shares are restricted for two years...period. The opinion letter is a figment of your imagination. MM
There are no new shares...period.
You are not correct - you are wrong. Once again, it only matters that they were a shell previously and currently are not a reporting company to the SEC.
The Company was a shell prior to 2016 and are not currently a reporting company to the SEC as a result Rule 144 is not available to them.
The SEC even has the information on their site for you to read. https://www.sec.gov/info/smallbus/secg/rules144-145-secg.htm#:~:text=Under%20the%20amendments%2C%20Rule%20144,unless%20certain%20conditions%20are%20met.
You are very much incorrect.
The SEC's own website shows that you are incorrect - https://www.sec.gov/info/smallbus/secg/rules144-145-secg.htm#:~:text=Under%20the%20amendments%2C%20Rule%20144,unless%20certain%20conditions%20are%20met.
How can securities of shell companies be resold?
The Commission also codified a staff interpretation relating to the treatment of the securities of shell companies. Under the amendments, Rule 144 is not available for the resale of securities initially issued by a shell company (reporting or non-reporting) or a former shell company. These securities can be resold only through a resale registration statement, unless certain conditions are met. These conditions are:
the issuer of the securities has ceased to be a shell company;
the issuer is subject to the reporting requirements of section 13 or 15(d) of the Exchange Act;
the issuer has filed all reports and other materials required to be filed by section 13 or 15(d) of the Exchange Act, as applicable, during the preceding 12 months, other than Form 8-K reports; and
one year has elapsed since the issuer has filed current ‘‘Form 10 information’’ with the Commission reflecting its status as an entity that is no longer a shell company.
If these conditions are satisfied, then the securities can be sold subject to all other applicable Rule 144 conditions.
You are missing the actual issue. The company was previously a shell so the only way to fix it is to actually become a reporting company to the SEC. So them being not a shell now is actually irrelevant since it was a shell previously and it is not a mandatory filer to the SEC. Once again, Rule 144 cannot be used by a non-reporting company that was previously a shell. This is according to the SEC's own website - https://www.sec.gov/info/smallbus/secg/rules144-145-secg.htm#:~:text=Under%20the%20amendments%2C%20Rule%20144,unless%20certain%20conditions%20are%20met.
How can securities of shell companies be resold?
The Commission also codified a staff interpretation relating to the treatment of the securities of shell companies. Under the amendments, Rule 144 is not available for the resale of securities initially issued by a shell company (reporting or non-reporting) or a former shell company. These securities can be resold only through a resale registration statement, unless certain conditions are met. These conditions are:
the issuer of the securities has ceased to be a shell company;
the issuer is subject to the reporting requirements of section 13 or 15(d) of the Exchange Act;
the issuer has filed all reports and other materials required to be filed by section 13 or 15(d) of the Exchange Act, as applicable, during the preceding 12 months, other than Form 8-K reports; and
one year has elapsed since the issuer has filed current ‘‘Form 10 information’’ with the Commission reflecting its status as an entity that is no longer a shell company.
If these conditions are satisfied, then the securities can be sold subject to all other applicable Rule 144 conditions.
Incorrect.
S-8 requires that the company is reporting to the SEC to use. It is literarily in the instructions of the S-8.
The requirements are not met since the company was a shell previously and as such Rule 144 is not available to company
You know that people who own shares from the 3.25m in the float can sell those shares when they want, right? That is what trading is.
Incorrect.
Fake news and incorrect
Incorrect.
There are no new shares. Only the 3.2M in the float are currently available to trade. MM
Incorrect. Float has not changed in years. (https://www.buscarcompany.com/dtc-security-postion-reports)
One has to wonder why so much fake news?
Won't happen. All of those shares are restricted for 2 years. MM
Nice!
It is funny they keep moving the goal posts with fake news and never a link to anything
You already know they are not on the USFS. They can be reviewed once they are approved by requesting them from the Forest Service. It would require a FOIA request to the US Forest Service.
Doesn't matter since Plumas Forest has been open since Sept 19. They don't need the permit anymore.
Incorrect. Plumas National Forest was removed from the list on September 19.
https://www.fs.usda.gov/Internet/FSE_DOCUMENTS/fseprd807377.pdf
Current Float: 3,254,916
So their shtick of "go and check for yorself" has been BS all along...
Pot, meet kettle. CGLD!
That is inaccurate. MM
Thanks for confirming that those are the new officers and directors since July 2020.
Funny how you type the date as 2010 - really? Is there is reason you have an "accident" typo of 2010?
Good Morning CGLDers! MM