From: samgj2006
To: All those who post on EAGM, I am the new kid on the block. Just today, I mailed a letter to El Alacran; perhaps you are interested, although it is dated the 12th.
From: Sam (GJ)Barder
3594 Parkview Drive
Bensalem, PA, USA, 19020-4624
samgj2006comcast.net
To: El Alacran Mining Corporation
North American Office
720 King St., West, Suite 424
Toronto, Ontario, Canada, M5V3S5
Attn: Rafael Delgato, C.E.O. El Alacran Mining Corp.
Date: 12 March 2007
Subject: Initial Contact from a Part-Owner
Dear Sir,
I am writing to you for information about El Alacran [OTC:EAGM.PK]. I am presently a shareholder with 4,121,313 shares of this company. I would like more information on this company, their cash balance, paid-for leases, owned vehicles and equipment, owned real estate and any other assets. In addition, I would also like information on any liabilities and the extent therewith, such as but not limited to: unpaid leases and the term yet to be paid, vehicles and equipment presently leased and any real estate leased such as offices.
My objective is to get a better understanding of thid company prior to any future investment therein. Also, I will need your latest prospectus and the last two quarterly reports. I understand that you have had two splits of stock, both at a Ratio of 1:1000, on 5 August 2005 and 23 May 2006. I do not believe this stock can survive another split. Correct me if I am wrong, is it true that there is only 800 million shares of this stock? If so, I own one-half of 1% of this corporation.
Next, and of increasing interest to myself and other stockholders, are you doing any mining? Is there an output report from any of these mines? We stock holders are looking for output. You know what we mean: Gas, oil, gold, platinum, palladium, silver, copper, tin, nickel, cobalt, zinc, diamonds, etc. What good is a mining corporation if they never mine anything? If there is an output, what is that output per mine? What has this company been doing for the last eight and a-half years?
The stockholders of today are many, after your splits; but few of them are being informed as to any progress this company may be having. I believe that we would like to be informed on a regular basis, let's say every two weeks. There is a site named Invertor's Hub; if you search EAGM, the second choice for info under EAGM is Investor's Hub. I you read some of the remarks from shareholders that post on this site, you would already know that investors are unhappy with the lack of info on this corporation. It is time for a press release, and make them often. When it comes to the shareholders, you are not only in the mining business, but also in the people business. You need a manager of public relations to get the word out onto the street.
Lastly, I hope to hear from you soon. I for one would be happy if you could move the price of this dtock upward by mining what you already have. The price of gold is predicted to increase from it's $650 an ounce cost today, by 12-16% this summer of 2007. It would be nice to see some movement in the stock when the price of gold moves upward. Sometimes keeping people informed is enough PR (Public Relations) to accomplish an increase in the stock. I would certainly like to see SOMETHING happening within this company to give it some forward impetus, utilizing the people in-place. If that is not possible then I would defer to a change in management.
Sincerely,
Sam (GJ) Barder