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Hey, iknowaguy....that's cool.....but these people are in over their heads...and obviously are clueless about real mining, or they would never have gotten involved with this scam.
First of all, the SEC does precious little policing of grey sheet garbage....
Second, I only laughed at the PR......doing seismic on tailing is funny... It their rehashed unaudited financials that are a joke...that are more of the same old BS....same as for which Furlong is headed to the pokey for.
I guarantee ya, that, if they ever assay that dirt, and use any reputable assayer, there will be precious little Au, and no PGM's beyond trace levels.
Too funny.....after years of promising auditied financials, they put out more UN audited ones...which still show a mineral inventory valued at $432mm and change..... STILL based on Jordan's proven fruadulent baloney, or maybe the numbers by that new firm (Diversified?) they hired..which were about as laughable as Jordan's.
And now, after nearly 20 years, they spend $ on seismic to find out how big the pits are. Heck, if that is processed tailings, one would think all they need is a bulldozer to gather samples for testing/assaying, but, no, that report shows locations where drilling is recommended.....
A real mining company would have its own geologist.....
The con continues.....
Alba, post of the year!!! Guess you made your position clear!
Bravo!
Me, I've never owned this POS, but HAVE been burned many times in the past by POS mining or pinkie scams or simply pie in the sky stories.... ttok me a long time to wise up, and stop dumping $ in this market.
I also am motivated as scams like this one put a bad name on the junior mining industry.
And don't like to see naive newbies get involved and (probably)lose $.
AND, like Alba, don't want insiders, large shareholders to reap anymore ill gotten gains.
Atlanta, mind if i ask you if you, in your investing history, have researched many mining companies? Do you even know what to look for? If you did, it would have only taken a bit of DD to realize that this company's claims are 100% bogus...and that the SV dirt is essentially worthless.
He already has...he's perpetuated the fraud....my feeling is that he came into the company very naive about its goings on...he know nothing of mining, you must know.
He has put out deceptive, even fraudulent news releases. Like the ore sale, which was a con game from the start...actually it was first released long before Shepp was around.
Now he knows what he got himself into, I'm sure.
Hopeless? yup, samples, you got that right....I'd call him an idiot, but that would be harassment, and not nice....
I had to laugh at the latest rumor....ultrasound, aaaakkkkkk, gimme a break.
Doesn't matter, it's the same dirt. And the only thing saving Sheppard and the "company" is the fact that they are now non reporting grey sheet garbage. HCCA used to report, and their fraudulent lies didn't fly with the SEC.
Let's hope they get with the program and revoke NMCX's registration, as it should have never have been allowed to trade.
There is NOTHING different with NMC, period...same old desert dirt scam.
I would NEVER own a share of this junk!
Gad, that too much space to waste on a newborn....
Yes, papier..it can, uhhh could, go both ways...but the odds of it going the good way for you stuckholders are immeasurably small....well almost....say, as in 10 to the 23th power....uhhhh..ok, maybe only the 13th power.....
Well, those are the rumors....but, anyone with the ability to reason knows that there is little or nothing of value to sell.
not really....there was a couple of tape painting trades at the end..total worth about $8.25........which says there's more insider dumping going on, most likely.
Yes, the concept does sound reasonable. But a link that was posted states that it is illegal to dump iron dust in the ocean at this time, and, it is not legal for the company to obtain the iron and sail with it from the US.....
I too received the fluff pump piece, which is full of flowery words. The company financials are what need to be read, along with those articles that tell the other side of the story.
As well, the latest news says nothing about them not having obtained permission to said with the iron.
No truth to the ludicrous rumor:
By: bigcheese12345
10 Aug 2007, 01:07 PM EDT
Msg. 66004 of 66006
(This msg. is a reply to 66003 by albacora.)
Jump to msg. #
I spoke to Rob at Petrosonics and he denied any purchase by the company of NMCX.
They are an intellectual patent company, have nothing to do with mining, and couldn't afford to buy NMCX anyway.
No truth at all to this rumor.
Big Cheese
I don't care what you were told.
The very idea is preposterous.
Shoot, most legit CDNX exchange junior stocks have less than $50mm market cap.
This turd is currently way overvalued as it is.
Okaaaaaaaaaaaaaayyyyy....And........
....as the world turns, the price hit .006 today....
which is still about 10 times more than this POS is worth...
and that's being generous.
Fancy website....of course they must be awful savvy if they're thinking about buying this worthless paper.....
.....or maybe not
Liar! There are few junior mining stocks worth $900 million....and this turd ain't even worth 1/1000 of that.
Go back in your hole that you retreated into some time ago.
We are here to make sure the truth is known. This is something that not even the company is willing to admit in public.
But now that the SEC has prevailed, anyone with half a brain should know the facts and truth. The case was 100% relevant in showing what NMCX has. Just read the full complaint from 2003.
Pfffsstttt. The company is proven to be nearly worthless.....it's a non reporting shell with tons of debt and baggage. No one in their right mind would offer more than .0001 per share for this junk.
I know that samples has called Sheppard more than a few times.....have you?
Spreading likely bogus rumors can give false hope..that's what pumpers are known for.
Rocky, thanks for the pm's, but as a freeloader, I can't reply.
I went to the company website and viewed their presentation from their spring meeting. I see they call some of the material ore and some tailings. Regardless, whether it was processed 20 years ago or just stockpiled, it is still mostly dirt with little or no value, as has been proven by the only valid assays ever done, which were by Act Labs and Bondar-Clegg. None of the company commissioned assays are any good. If they were, surely the evidence would have been presented at the SEC case and trial.
You really don't know much about Skull Valley, do ya?
I don't know what you're on about....the material in the various pits is what's left over from processing the ore. It is called tailings. I've never read anywhere about unprocessed ore sitting around. Are you referring to the rest of the acreage that wasn't dug up?
Spieleman and Bender, the original miners, garnered a miniscule amount of Au from the placer mine. They recovered Au at the rate of about .005 opt, which is way way below profitable levels. Doubtful that they missed enough to make reprocessing worthwhile.
You really need to read the SEC doc, and the links to the old complaint. Here's the full doc: http://www.sec.gov/litigation/complaints/comp18016.htm Any and all claims of value made by the company have been fraudulent.
Bla blah blah... the dirt is mined over tailings. It was far from profitable the first go around.
The company has done nothing but waste money on a bunch of assays. They have never explored the rest of the land. Why? Because they are not miners.
So, the only thing they've done is mine your pocketbooks.
Time is about up for this scam. I doubt they have any more tricks up their sleeves...or much left in the way of shares to dump.
Wake up Rocky05...maybe go look at some real mining companies.
Rocky, that is rather dense. They've had over 10 years to find value in that dirt,and have failed miserably. They are not dumb enough to keep trying.
Umm, a pink or grey stock is required to be registered. Therefore, just as was done with HCCA, which was trading on the BB I think, they can have their registration revoked. CMKX was a a pinkie when it was revoked.
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20223 / August 3, 2007
SEC v. Michael J. Pietrzak, Maurice W. Furlong and Donald E. Jordan, Civil Action No. 03C 1507 (NDIL)
The Securities and Exchange Commission announced today that a federal jury found Michael J. Pietrzak and Maurice W. Furlong liable for securities fraud and other charges in their operation of Hexagon Consolidated Companies of America, Inc. ("HCCA"), a development stage mining company headquartered in Reno, Nevada. Pietrzak was HCCA's general counsel, CFO, and executive secretary, as well as a director. Furlong was HCCA's chairman, president and CEO. The complaint alleged that Pietrzak and Furlong engaged in protracted efforts to fraudulently increase the stock price and value of the company by, among other means, filing false and misleading registration statements and periodic and current reports, and by issuing false press releases and a letter to shareholders. During the same time, Pietrzak and Furlong sold a total of more than 197 million shares of HCCA stock and fraudulently received proceeds of $1.3 million and $3.4 million, respectively. The complaint also alleged that from 1996 through 2001 HCCA, through the efforts of Pietrzak and Furlong, reported to the public that is was an entity with substantial assets when, in fact, it was virtually worthless.
A hearing has been scheduled for September 24, 2007 to determine the appropriate relief against Pietrzak and Furlong which, as requested by the SEC, may include permanent injunctions, disgorgement of the stock proceeds with interest, civil penalties, officer and director bars and penny stock bars.
http://www.sec.gov/litigation/litreleases/2007/lr20223.htm
*********************
Sooo, it took 4 years for the case to be resolved, with exactly the same conclusion as the original complaint.
What about those "chain of custody" assays that you pumpers were so excited about?
Now, hopefully, the SEC will shut down trading in this ongoing blatant scam.
You shareholders should be enraged, as the number of (most certainly) fraudulently sold shares of NMCX dwarf the 197 mm sold of HCCA. It's also a foregone conclusion that NMCX is also virtually worthless.
iknowaguy, it should be painfully obvious to all, that this is, was, and always will be, 100% scam, con and fraud......more'n likely....hehe
this garbage trades on the grey sheets, where it's easy to manipulate the price...as has surely been done, as there's nothing that warrants a price on this scam of over .001.....
Yup..and the first time around, they got somewhere around .005 opt yield Au.....which is pathetic....There is no way that dirt has much more than that left over..sure the placer miners coulda missed some microfine Au...
This has been a two bit con job from day one.
What makes you think this
POS moved back to the pinks...
Heck, the SEC shut them down for 10 days back in March...a move that they seldom bother with the pink sheet garbage. Certainly, they are investigating further...and when they confirm that the WNCP news releases were all bogus, they'll delist the company.
Your confidence in this sorry as sed company shows your inexperience. You should look into some real mining companies. This ain't one. They only mine pocketbooks.
You'll get no response. Case still ongoing....I talked with Sullivan briefly over 2 years ago. Told him I knew they had a good case, etc. He wouldn't offer any comments.
As well you should. Spreading false rumors about a grey sheet garbage stock who's very existence is based on fraud.
Methinx, this joke is running out of material for pump and dumps...Pretty soon, it will be lights out.....
The only reason this stock's horribly diluted paper could trade as high as it did, was due to the grey sheets being easily manipulated. The meager buying volume related to the o/s should have only resulted in a small move upward. Watch out below, the bottom will be .001 or worse....just be patient.
It's grey sheet garbage. The SEC pretty much ignores it....but does have the case against Furlong going to trial soon.....and certainly is aware of this reincarnated HCCA....which should never have been allowed to trade. PERIOD! IMO, it is 110% fraud.
No, they haven't....and never will, imo. 110% sure there will never be an audit....why should they bother, there's nothing of value to show for.
Thanks, bro.....yup...I'm a guy....a tree guy....money grows on 'em for us......big enuf..for me!!
iknowaguy, my motive is simple.....can't stand scams--and scammers....And I have a lot more experience than most on these boards,...at both having bought into scams..or just failed pink/BB stocks...and a lot of experience with mining companies.
I have had more than a few folks thank me for helping them see the light, and get out of a scam stock--or not buy in at all...
I could care less about those of you that wonder why we waste our time on these boards.....
My motive, which is shared by many, is simple. We are scambusters, and seek the truth......
I have no reason to ask anyone anything. These rumors are just that, and ludicrous to boot.
This company has committed fraud, and continues to do so. Sheppard was at the helm while boatloads of shares were issued improperly, and illegally, by most counts.
The audit has long been promised, never happened, now it is common knowledge that it never will.
Bogus assays have been produced, by different entities, that have no business in that area.....
Bogus sales by nebulous buyers have been pr'd, and now those have gone by the wayside...
bogus construction bonds were issued, backed by nothing but fill dirt...
These dore bars, if they even exist, are worth pennies on the dollar, if that....
The other properties are not worth exploring, a moot point, as the company has no plans or money to do so.
Want more?
This company is no different that the scam HCCA, and is also 100% scam, con, and fraud....
....IMO
Samplescave's post, about 20 back, should be a stickie, and at the top of this page.....
IMO, iknowaguy, samples opinion is dead on accurate.....something that I surmise you also realize.....iMO.....heh
Thanks for reining in newbie rothchild a bit.....
iknowaguy,
In Feb 2004, within 1 day, heck, maybe a couple hours, of looking into the story....I knew it was all bunk.
Sorry, bud, but you are just another in a long line of duped and conned folks, otherwise innocent, but for your interest in a scam stock that deserves only to be delisted, like HCCA was. Period.
The thought that this worthless shell could be valued at $600mm is preposterous at best.
You should investigate some real junior mining plays. Hint, very few legit ones trade on US exchanges, and nearly none of those trade pink, much less grey. To find them, you need to go north, young man, go north!
Don't think that I thought that you were responsible for this pump...and now dump....that task was ignominiably performed behind the scenes, by company insiders, boiler rooms, what have you.
You don't--and won't- deserve diddly, young fella.....
You came on this board spouting all this bla bla bla stuff..that's all been heard before.
I wonder if you even know much about the sordid history of this joke of a company...that is nothing but a lame reincarnation of the delisted HCCA...and should never have been allowed to trade in the first place, imo.
All that said, it isn't impossible that there could be a buyout of sorts...there could be some suckers out there....but, regardless, since the company has never proven that it has anything of value, the offer would have to be mighty paltry.